robleland
TUG Member
Thanks. I agree - i have a renter that said he will only rent if V&P. I can't really blame him since some people get cheated. I had a friend get burned by a fake ABnB rental in Paris during the olympics! though ABnb at least quickly refunded him. I've rented Marriott Maui for about 15 years now and had no problem, but the new let's say $500 fee is rather painful, especially since they have been increasing the maintenance fees substantially. I still hope all of you will complain to Redweek, at least ask them for full disclosure. I think i can convince people i own the week by having the reservation confirmation email and a snapshot of week ownership. We'll see.My point is though, you are really competing against other Verified and Protected listings. The 10% fee is getting added to all of them. If you are pricing your Verified and Protected to somehow compete against DIY, then in effect you are the one paying the 10% fee out of the lower rental proceeds. Your V&P listing isn't necessarily above market. There is a market out there that wants to rent Protected listings and they are willing to pay more for it. They may also be willing to pay more for online booking and the ability to use a credit card directly with Redweek. That is what the renter is paying for. If you are willing to pay that instead by reducing your V&P listing to compete on price of DIY then you are undercutting yourself. I do agree that it would be good if Redweek disclosed the fee to the owners.
All that said, it may not be the 10% fee that is making your rentals not move. 2024 is a different kind of rental year. There is a lot more competition with many more listings out there. Then there is also the consumer that is past the post covid travel high. Rentals just aren't moving like they did the past couple years.