Hi All,
A year and a half ago I lost my husband (suddenly and unexpectedly) and he was the one who mostly dealt with RCI, however, I have a pretty solid understanding of the basics.
I own two red weeks in Duck, NC (The Outerbanks); one is beachfront (1 bedroom) and one is part of a beach front resort (short walk to the beach). The latter is a lock-out unit (3 bedrooms in all). I am currently a RCI Points Platinum member.
I have about 215,000 "current use year" points and they will expire July 31, 2018. I have not yet booked anything. I did some searches, I called and talked to an agent but in truth, I simply don't want to travel alone.
I know I can spend MORE MONEY with RCI and reserve those points for 2 more years, but that means that I'd need to renew my membership which expires July 2018...thus EVEN MORE MONEY. (It's not this amount of money is a problem, but RCI always seems to have their hand out and I don't see throwing good money after bad.)
Last year I got one of my units back and was able to rent it (although I don't think you are supposed to do that). I have the same (beach front) unit for rent this year. The rental income (after commission) more than covers the annual resort fee.
I'm thinking that my best option is to NOT renew my RCI Points Membership and simply start putting both of my units up for rent each year while using the rental income to cover my resort fees (and even have some left over). Yes, I'd love to sell them, but I gather that's nearly impossible, or at the very least, a subject for another day.
So, I'd like your insights on:
1. What do you think of this plan? (I'm wondering if there is some serious benefit I'd lose by letting my RCI membership lapse, or something of that nature.)
2. If I do this, is there anything I can do with my current use points (other than using them for a resort vacation before 7-31-18)?
I have done a lot of reading on here and am amazed at how adept so many of you are at understanding RCI so I value any responses you are willing to share.
Many thanks!
A year and a half ago I lost my husband (suddenly and unexpectedly) and he was the one who mostly dealt with RCI, however, I have a pretty solid understanding of the basics.
I own two red weeks in Duck, NC (The Outerbanks); one is beachfront (1 bedroom) and one is part of a beach front resort (short walk to the beach). The latter is a lock-out unit (3 bedrooms in all). I am currently a RCI Points Platinum member.
I have about 215,000 "current use year" points and they will expire July 31, 2018. I have not yet booked anything. I did some searches, I called and talked to an agent but in truth, I simply don't want to travel alone.
I know I can spend MORE MONEY with RCI and reserve those points for 2 more years, but that means that I'd need to renew my membership which expires July 2018...thus EVEN MORE MONEY. (It's not this amount of money is a problem, but RCI always seems to have their hand out and I don't see throwing good money after bad.)
Last year I got one of my units back and was able to rent it (although I don't think you are supposed to do that). I have the same (beach front) unit for rent this year. The rental income (after commission) more than covers the annual resort fee.
I'm thinking that my best option is to NOT renew my RCI Points Membership and simply start putting both of my units up for rent each year while using the rental income to cover my resort fees (and even have some left over). Yes, I'd love to sell them, but I gather that's nearly impossible, or at the very least, a subject for another day.
So, I'd like your insights on:
1. What do you think of this plan? (I'm wondering if there is some serious benefit I'd lose by letting my RCI membership lapse, or something of that nature.)
2. If I do this, is there anything I can do with my current use points (other than using them for a resort vacation before 7-31-18)?
I have done a lot of reading on here and am amazed at how adept so many of you are at understanding RCI so I value any responses you are willing to share.
Many thanks!