Redweek Fees for MVC Rental for Unit Owner

[dioxide45]

I don't think the V&P status does much quite frankly. IMO most will still go for the lowest price. I believe only a small percentage, don't search for specific date and/or aren't aware they need to scroll down to see all the listings, or prefer paying several hundred dollars, sometimes over $700, to work through RW.

I don't know about that. Very few people go past page 1 of Google search results.

 

[DRH90277]

It makes sense but I was simply answering your question as to why some people might bother to work directly with an owner. How much you pay to Redweek when you rent out your week means nothing to the renter. That 10% fee can be pretty big depending on the amount of the rental.

It is possible that if those same guests knew about some DIY listings, they might not be okay with the additional fees they pay to Redweek.

Understand but there are a number of stagnant listings by mine on Redweek and mine are renting. It could be the result of pricing, the verified and protected, an independent party between the renter and me, a willingness to wait to collect until after they occupy, a professional and predictable process thru Redweek, etc. I just don't know but I do know that mine are renting pretty quickly. Ultimately, the added fees don't seem to matter to my renters which to me is an acceptance that secure listings may cost a bit more.

Incidentally, I gave a number of listings to a realty company who markets timeshare rentals. My take was much less, they were adding their piece which displaced any profit to me, and one rediculous offer on 1 rental out of 6. That's when I jumped ship and listed them all on Redweek with only 3 months to go. It's worked very well but maybe I'm just lucky.

 

[WBP]

Am I reading this right? Does Redweek charge a fee to the guests renting a timeshare week?

 

[dioxide45]

Am I reading this right? Does Redweek charge a fee to the guests renting a timeshare week?

Yes, for anything indicating it is a protected rental (green checkmark). These allow the renter to pay by credit card directly on the website. Redweek adds a Service Fee to the renter of about 10%.

 

[DRH90277]

Does anyone have a recommendation for another provider for these services in terms of price, reach, and service?

 

[jmhpsu93]

Does anyone have a recommendation for another provider for these services in terms of price, reach, and service?

There really aren't any - Vacation Candy and go koala are two, but don't have nearly the reach. VC offers an option to advertise on VRBO, but I don't think (this is just an uninformed opinion) a whole lot of people go to VRBO to rent a timeshare week.

ETA: I've rented units on both Redweek and VC simultaneously and nada on VC while my RW units rented. Small sample size but my experience. One of the sales reps we deal with uses VC exclusively, but he only rents one week a year and it's a high-end/high-demand week.

 

[WBP]

Yes, for anything indicating it is a protected rental (green checkmark). These allow the renter to pay by credit card directly on the website. Redweek adds a Service Fee to the renter of about 10%.
View attachment 105901

Thank You! I had absolutely no knowledge of that.

 

[Norcal5]

You do that in a V&P or in a "Managed" listing? Doesnt redwk automatically search / read that in the text and disallow it?

I've done it twice and they've not noticed

 

[WBP]

Yes, for anything indicating it is a protected rental (green checkmark). These allow the renter to pay by credit card directly on the website. Redweek adds a Service Fee to the renter of about 10%.
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Wait a minute. What is Red Week charging taxes for/on?

 

[DeniseM]

10% is not a tax - it goes into Redweek's pocket.

 

[dioxide45]

Wait a minute. What is Red Week charging taxes for/on?

The tax line may be local or state taxes that they collect and remit to the state tax authority.

 

[DeniseM]

Yes, for some locations that have occupancy taxes, Redweek collects them on the full-service rentals.

 

[rickandcindy23]

Yes, for some locations that have occupancy taxes, Redweek collects them on the full-service rentals.

But not on Hawaii rentals. I never see those taxes. This is not my ad, just FYI:

 

[DeniseM]

I can't comment on this because I never use full-service Ads.

 

[rickandcindy23]

As a comparison, this is Sheraton Broadway Resort, also not my ad because I don't use the verify/ protect option (but thinking of using it):

 

[rickandcindy23]

$3,000 does make for an expensive Myrtle Beach rental. I am probably going to do some verify/ protect because people require it.

 

[WBP]

10% is not a tax - it goes into Redweek's pocket.

Pictured, above, below RedWeek’s “Service Fee” line item, is a line item that says “Taxes.”

 

[DeniseM]

Yes - I addressed that in post #37.

 

[dioxide45]

But not on Hawaii rentals. I never see those taxes. This is not my ad, just FYI:

View attachment 105954

I understand the reason they don't collect GET/TAT in Hawaii is due to the way the law is written. It is somehow different from other states.

 

[daviator]

I understand the reason they don't collect GET/TAT in Hawaii is due to the way the law is written. It is somehow different from other states.

Owners are required to file and pay those taxes. I don’t know why Redweek can’t do it but they don’t. I think there are a lot of owners ignoring the Hawaii TAT and GET requirements and it may come back to bite them.

 

[AlmostRetired]

The key to renting a week from an owner is finding someone you trust. V&P does this. Many owners want hassle free renting without any dealing with renters. V&P does this, but you might be missing an opportunity.

As an owner, why work directly with a renter? Easy, to build a rolodex. I have the name, phone number and email address of everyone I rented to. I created an email distribution list of past renters that I reach out to when I have something to rent. I always start with if you would like me to remove you from my distribution list let me know. Once in a while they reach out to me if they are looking to rent. These renters know how to use Redweek and are very comfortable avoiding the fees if they can. I write this because they always check to make sure they are renting at a competitive price. Does my rolodex always work, absolutely not. I have used V&P but when I do, it is to add to my rolodex with another name, email address and number. I always give the person a call soon after booking and let them know they can reach out to me if they have any questions. Really what I am doing is getting them comfortable with me and me with them. I did this with a 3 bedroom island view Crystal Shores that I used 1625 points from, 5/25 to 5/30. The renter at Crystal Shores goes Memorial Week almost every year. In fact a lot of renters go to the same place year after year and sometimes the same week. Many need additional units for extended family year after year. You only know this by practicing the best form of communications, talking. Does it take a little extra work, yes, but getting the most of owning a timeshare always does. Is it worth it, for me yes, but I understand one size doesn't fit all.

 

[jackio]

To get to "Classic Mode," on the landing page, click on "Post Your Timeshare" and select "Rent My Timeshare." Beneath the menu where you originally clicked "Post Your Timeshare," you'll see in VERY small print the following:

You're using our new posting wizard. Click here to switch back to our classic pricing table.

Click where it says "Click here" and you'll see the "classic" pricing model.

I see this notice for timeshare rentals, but not for selling. Does verified mean anything significant for sales contracts?

 

[AlmostRetired]

To get to "Classic Mode," on the landing page, click on "Post Your Timeshare" and select "Rent My Timeshare." Beneath the menu where you originally clicked "Post Your Timeshare," you'll see in VERY small print the following:

You're using our new posting wizard. Click here to switch back to our classic pricing table.

Click where it says "Click here" and you'll see the "classic" pricing model.

Even if you use the wizard, you will get to a point where it will say How will you collect payment?
Have Redweek handle it is the default but if you click on the other choice, DIY (Do it Yourself), it continues as the 39.99 fee with no other add on costs.

 

[MOXJO7282]

I don't know about that. Very few people go past page 1 of Google search results.

I would say most do when money is involved. I do think RW purposely does it because they know a small percentage aren't savvy enough to scroll down but I think most do to look for best deal. I'm someone who actually has fairly extensive data (30-50 rentals annually for the last 12 years) to look at, and of course it can be seen as antidotal, but I track when my rentals occur by date and I haven't seen a change in how long they take to rent since V&P has been introduced.

 

[dioxide45]

I would say most do when money is involved. I do think RW purposely does it because they know a small percentage aren't savvy enough to scroll down but I think most do to look for best deal. I'm someone who actually has fairly extensive data (30-50 rentals annually for the last 12 years) to look at, and of course it can be seen as antidotal, but I track when my rentals occur by date and I haven't seen a change in how long they take to rent since V&P has been introduced.

So perhaps there are two segments of people out there? Those willing to pay more and rent V&P weeks and those willing to save some money and rent from a DIY owner? Perhaps once a renter goes DIY they don't go back? Based on comments in this thread, not everyone is jumping to save money as many people report renting their V&P listings. Even when there are cheaper DIY listings available.