Redweek rental question?

[The Colorado Kid]

True. But maybe you can get more on Koala than Redweek? Have you rented your SBP this year? Our daughter is using Koala and receiving more money than you can get on RW. Just saying. Maybe when there is more competition, this will be different, but for now, it's been very profitable.

Can you clarify? Are you saying she nets more from K than from RW for the same dollar amount listing?

 

[rickandcindy23]

Can you clarify? Are you saying she nets more from K than from RW for the same dollar amount listing?

Listing for more and getting more. She wouldn't use Redweek because the prices are low for our particular resort. She used to advertise exclusively on VRBO.

This could certainly change for Koala listings, as more appear on the site. More competition could bring down prices, but as timeshare owners, why not ask a little more to cover your expenses and to net more money. The new site can pay off. They are doing a lot of advertising for Koala, bringing renters to that site.

 

[suzannesimon]

Can you clarify? Are you saying she nets more from K than from RW for the same dollar amount listing?

You’ll have to increase the price by 8% over what you are listing on Redweek to net the same amount. I will use it if my Redweek doesn’t rent after it had been listed 6 months.

 

[dioxide45]

You’ll have to increase the price by 8% over what you are listing on Redweek to net the same amount. I will use it if my Redweek doesn’t rent after it had been listed 6 months.

Why not just list in both places now? KOALA costs nothing up front and you can add in extra costs if you want to. If someone finds KOALA and not Redweek, you come out the same. Wait 6 months and you have lost 6 months on exposure.

 

[rickandcindy23]

Why not just list in both places now? KOALA costs nothing up front and you can add in extra costs if you want to. If someone fids KOALA and not Redweek, you come out the same. Wait 6 months and you have lost 6 months on exposure.

This is what I am saying. What do you have to lose by listing on Koala? Not a dime.

 

[suzannesimon]

Why not just list in both places now? KOALA costs nothing up front and you can add in extra costs if you want to. If someone fids KOALA and not Redweek, you come out the same. Wait 6 months and you have lost 6 months on exposure.

Very true but I list everything on RedWeek at 12-13 months before occupancy and with few exceptions they rent during the first 6 months. I’m also a control-freak. I want to handle the money and the rental agreement.

 

[theo]

The issue with Verified and Protected is that if the renter disputes, Redweek may side with the renter and you don't get paid. It happened with COVID when renters said that the resort was not available when resort was opened but with limited amenities and Redweek returned the money to the renter. The owner lost the week.

Bear in mind that it is an option (and one that I personally always choose to utilize) to pay for the "RedWeek Verified" feature alone, effectively and completely removing RedWeek from any and all other involvement with payment / cancellation / contract matters.
This approach eliminates and avoids any possibility for arbitrary RedWeek decisions (interference?) involving refunds or cancellations.

The RedWeek practices in 2020, in which RW essentially ignored mutually agreed contract terms and unilaterally issued late refunds (despite the resorts being open) served to reinforce my view that, aside from serving as an advertising platform and verifying the legitimacy of my ownerships, I do not want RedWeek involved in any other way, shape or form in my (only occasional) rentals. YMMV.

 

[vol_90]

Bear in mind that it is an option (and one I that personally always choose to utilize) to pay for the "RedWeek Verified" feature alone, effectively and completely removing RedWeek from any and all other involvement with payment / cancellation / contract matters.
This approach completely avoids any possibility for arbitrary RedWeek decisions (interference?) involving refunds or cancellations.

Redweek is holding to cancellation policies unlike during the Max Covid situation last year which to be honest I am happy they sided with the renters given what happened to resorts, transportation etc. I had 18 cancelled reservations last year between March and May and was able to get 50% out of 3 of them.

Today just ensure a Redweek Full Service listing has a moderate refund policy which gives the renter 50% refund if they cancel before 60 days of check in. I just had one and will get the refund plus the full rental from another person. Nothing to complain about there!

 

[TXTortoise]

I agree with Dioxide. All of these channels, Facebook, Redweek, Koala, VRBO and Vacation Candy attract a different set of customers with some overlap.

You should be marketing in each channel, wherever you have minimal to no upfront cost, and do not assume you should price each the same.

I like VC as they have great customer service and tend to get a clientele that doesn’t shop Redweek. I can use them for VRBO for another 5%, though rarely, over their usually 10% commission. While their prices are generally higher than Redweek, my net has been the same when compared to Redweek. Delayed final payment by Koala has been a turnoff for me.

That said, Hawaii gets complicated because VC and some VRBO listings now include the mandatory 14.5% TAT and GET taxes, which most on Redweek aren’t collecting, nor paying it I assume. So the difference looks even bigger, but only for those cross-shopping sites.

 

[NTP66]

I always list on Redweek, TUG, myResortnetwork, and sometimes Vacation Candy, just for the exposure. And at the end of it all, I always wind up with a renter from Redweek. There may be newer sites coming online, but Redweek has the longevity and exposure that the others simply don’t.

If people want to pay for their rental using a card, the simple solution is to just informthe renter that they’re going to cover the PayPal fee, which most have no issues with.