Rent points

[obiomach]

How do you rent out points?

 

[Fido Chuckwagon]

How to Rent out Your Timeshare - Timeshare Rental Guide for Owners!

link to live Advice Article: How to Rent your Timeshare Note this article is intended to help owners rent Timeshare weeks they own personally (as rentals of Timeshare Exchanges are in most cases prohibited by all the major exchange companies)! HOW MUCH SHOULD YOU ASK FOR YOUR WEEK? Pretend...

tugbbs.com

That said, renting out Wyndham points can be dangerous. Wyndham has recently greatly clamped down on what they deem “commercial renting” with cancelled reservations and frozen accounts the result. @rickandcindy23 has had a lot of recent experience with this and can jump in with more details. I would not expect to consistently rent your Wyndham points over a long period of time without potential adverse consequences. If it’s a one-off rental because you have points you can’t use then it’s probably fine.

Be cautious of anyone who sends you private messages about renting your points in response to this thread.

 

[chapjim]

If by "renting points" you mean a one-time transfer from someone's account to yours, you can't do that.

If by "renting points" you mean booking a reservation and listing it for rental, they @Fido Chuckwagon has it right.

 

[firebeyer]

That's funny; I didn't know they were ratcheting down rentals.

At the last "owners update" I actually attended, the lady instantly pegged we were only there for the free stuff. She spent the entire time trying to convince us how easy it would be to make money renting out our units with the hundreds of thousands of points we would have if we bought something. She even pulled out her book to show us all the timeshares she claims to profit from. Obviously, we didn't fall for it, but I was like:

1. I already have a job; I'm not looking for another one.
2. If you make so much money doing this, why are you working here?

She didn't seem to have good answers, especially after I asked why this publicly traded company was apparently "throwing money away" trying to sell me points when they could make so much more by renting the actual units.

 

[chapjim]

That's funny; I didn't know they were ratcheting down rentals.

At the last "owners update" I actually attended, the lady instantly pegged we were only there for the free stuff. She spent the entire time trying to convince us how easy it would be to make money renting out our units with the hundreds of thousands of points we would have if we bought something. She even pulled out her book to show us all the timeshares she claims to profit from. Obviously, we didn't fall for it, but I was like:

1. I already have a job; I'm not looking for another one.
2. If you make so much money doing this, why are you working here?

She didn't seem to have good answers, especially after I asked why this publicly traded company was apparently "throwing money away" trying to sell me points when they could make so much more by renting the actual units.

That's one difference between Wyndham Corporate and Wyndham Sales. I am one of a number of TUG members who has been fingered by Wyndham for "commercial use." Consequently, I sold about half of my Wyndham ownership.

Do a search in the Wyndham forum for @rickandcindy23 if you want to know how brutal Wyndham can be.

 

[paxsarah]

1. I already have a job; I'm not looking for another one.

This is the point I'm surprised so many people (especially on Facebook) seem to miss. Are you here for vacations? Or are you here to take on a new side gig? Granted, a lot of people who walk out of a sales meeting having purchased a shiny "new" timeshare had no intention of making a major purchase when they walked in there, but at least they're buying future vacations while they're on their current vacation. But who walks into a vacation sales situation thinking "I want to take on a new job"? Especially one that requires a costly buy-in and no guarantee of income?

 

[RENTER]

How to Rent out Your Timeshare - Timeshare Rental Guide for Owners!

link to live Advice Article: How to Rent your Timeshare Note this article is intended to help owners rent Timeshare weeks they own personally (as rentals of Timeshare Exchanges are in most cases prohibited by all the major exchange companies)! HOW MUCH SHOULD YOU ASK FOR YOUR WEEK? Pretend...

tugbbs.com

That said, renting out Wyndham points can be dangerous. Wyndham has recently greatly clamped down on what they deem “commercial renting” with cancelled reservations and frozen accounts the result. @rickandcindy23 has had a lot of recent experience with this and can jump in with more details. I would not expect to consistently rent your Wyndham points over a long period of time without potential adverse consequences. If it’s a one-off rental because you have points you can’t use then it’s probably fine.

Be cautious of anyone who sends you private messages about renting your points in response to this thread.

He is talking about me who sends the private message. I have a life and have no time to argue with people. He is not wrong but since this argument has started I have generated over $ 200,00 in rental income for Wyndam while i have saved over $25,000 in travel costs that I have invested in the stock market. If you like you can send me a private message and I will tell you how I do it.

 

[WorldT]

That's funny; I didn't know they were ratcheting down rentals.

At the last "owners update" I actually attended, the lady instantly pegged we were only there for the free stuff. She spent the entire time trying to convince us how easy it would be to make money renting out our units with the hundreds of thousands of points we would have if we bought something. She even pulled out her book to show us all the timeshares she claims to profit from. Obviously, we didn't fall for it, but I was like:

1. I already have a job; I'm not looking for another one.
2. If you make so much money doing this, why are you working here?

She didn't seem to have good answers, especially after I asked why this publicly traded company was apparently "throwing money away" trying to sell me points when they could make so much more by renting the actual units.

Your ability and freedom to rent out your points will never make it into the contract you will sign.

 

[WorldT]

He is talking about me who sends the private message. I have a life and have no time to argue with people. He is not wrong but since this argument has started I have generated over $ 200,00 in rental income for Wyndam while i have saved over $25,000 in travel costs that I have invested in the stock market. If you like you can send me a private message and I will tell you how I do it.

He didn't mention you.
Why point the fingers at yourself unless you want the fingers to be pointed at you.

 

[Fido Chuckwagon]

He is talking about me who sends the private message. I have a life and have no time to argue with people. He is not wrong but since this argument has started I have generated over $ 200,00 in rental income for Wyndam while i have saved over $25,000 in travel costs that I have invested in the stock market. If you like you can send me a private message and I will tell you how I do it.

I'm actually not. There are a lot of scammers who utilize private messages, including the common “rent your extra weeks” scams and any number of other scams that involve reaching out and offering to “list” a timeshare for rent or sale. Nobody should be doing anything by unsolicited private message when they post that they are trying to rent or sell their timeshare, it’s a sure fire way to get scammed.

 

[chapjim]

I'm actually not. There are a lot of scammers who utilize private messages, including the common “rent your extra weeks” scams and any number of other scams that involve reaching out and offering to “list” a timeshare for rent or sale. Nobody should be doing anything by unsolicited private message when they post that they are trying to rent or sell their timeshare, it’s a sure fire way to get scammed.

No worries. RENTER only knows one song.

 

[TUGBrian]

How to Rent your Timeshare Points

Free Guide on Renting out Unused Timeshare Points

tug2.net

 

[Sandi Bo]

I read OP's question about 'renting points' differently... It is Wyndham terminology... if you are out of points, and need more to book a reservation, you can 'rent' them from them. It is essentially buying them from Wyndham (at $12/1000). I believe it's up to the amount of points you own (annual allotment). I'm Founders, I think this is available to everyone, but I really don't know for sure that that is true.

This option is presented in the booking window, if you are out of points... (and if I continue, it will ask for a credit card for payment).

 

[paxsarah]

I read OP's question about 'renting points' differently... It is Wyndham terminology... if you are out of points, and need more to book a reservation, you can 'rent' them from them. It is essentially buying them from Wyndham (at $12/1000). I believe it's up to the amount of points you own (annual allotment). I'm Founders, I think this is available to everyone, but I really don't know for sure that that is true.

This option is presented in the booking window, if you are out of points... (and if I continue, it will ask for a credit card for payment).

View attachment 101207

It's possible, but based on their prior post from a few weeks ago:

Please give me advice. I have 90K points that will expire 12/31. I know I can deposit in RCI. What are my other options if I cannot use it for a vacation? I'm new at this.

I'm going to guess that they have points they want to rent out, not to rent more points from Wyndham.

 

[boxer156]

I read OP's question about 'renting points' differently... It is Wyndham terminology... if you are out of points, and need more to book a reservation, you can 'rent' them from them. It is essentially buying them from Wyndham (at $12/1000). I believe it's up to the amount of points you own (annual allotment). I'm Founders, I think this is available to everyone, but I really don't know for sure that that is true.

This option is presented in the booking window, if you are out of points... (and if I continue, it will ask for a credit card for payment).

View attachment 101207

Say you book at 12mos--can you buy (or rent) those extra points immediatley? Or do you have to wait until a certain time threshold before you can buy them? I own DVC, and I cannot buy one-time use points until 7mos out--which in that case you run the risk of your room/resort not being available. We are thinking about buying into CWA--but occasionally we would want to take a trip with a 3/4 bedroom, and probably will need to buy/rent those extra points.

 

[55plus]

Personally, I glad Wyndham took a stand against rentals. It opened up more prime locations and high demand event locations for owners. What I use to have to book at 10 months out I can usually book within 60 days at half points. Then I cancel the full points reservation and use those points elsewhere.

 

[Floridaman76]

Personally, I glad Wyndham took a stand against rentals. It opened up more prime locations and high demand event locations for owners. What I use to have to book at 10 months out I can usually book within 60 days at half points. Then I cancel the full points reservation and use those points elsewhere.

A lot of people feel that way. Although some of the sentiments here and on some of the facebook groups skew differently. I get the impression some here were making a fair amount of money before the changes. Like you said, it's noticeable how much more inventory is available in some places certain times of the year vs before. I just wish they would fix the website. It's so broke.

 

[4TimeAway]

A lot of people feel that way. Although some of the sentiments here and on some of the facebook groups skew differently. I get the impression some here were making a fair amount of money before the changes. Like you said, it's noticeable how much more inventory is available in some places certain times of the year vs before. I just wish they would fix the website. It's so broke.

Really hard to tell.

Some rent to cover thier MFs.
Some as a hobbie and if they breakeven on TS, I'd be surprised.
Its a long complicated game where the rules change on a whim. There can't be huge margin for anyone.

I can see the impulse to buy resale timeshares and hope to cover MFs if I don't use all the points.
Seems like ROFR would really be active if there was true delta to be made.