ded4025
TUG Member
- Joined
- Aug 31, 2006
- Messages
- 92
- Reaction score
- 20
- Location
- Boston
- Resorts Owned
-
Marriott NCV
DVC VGF
What do you consider to be a good profit on a weekly rental after deducting your yearly MF? Please understand that I'm not including purchase price in my thinking. We have owned for enough years that I feel we have gotten great use out of it already.
The reason I ask is we had been considering selling our Disney points. We love staying at DVC but there are cheaper ways to do it (trading within RCI).
Instead of selling, I have decided it is a better deal for us to keep our points and rent or transfer each year. I have rented to people several times in the past with no problem. Now that was a few years ago so I wasn't sure if the demand was still there. I placed a ad on the disboard last month and that same day, I was able to transfer all of our points to another owner. Quick, fast and done!
We don't have a large DVC contract, 160 points. I received $1,760 for transferring my points, so minus out my yearly MF of $759 and I made a $1,001 profit for the year on what is really a 1 bedroom rental.
Would a 1k profit be considered a good deal compared with most Starwood and Marriott 1 bedroom rentals?
Do you agree with my thinking that I'm better off keeping DVC and doing this in the years we don't use it instead of selling it in a really bad resale market?
The reason I ask is we had been considering selling our Disney points. We love staying at DVC but there are cheaper ways to do it (trading within RCI).
Instead of selling, I have decided it is a better deal for us to keep our points and rent or transfer each year. I have rented to people several times in the past with no problem. Now that was a few years ago so I wasn't sure if the demand was still there. I placed a ad on the disboard last month and that same day, I was able to transfer all of our points to another owner. Quick, fast and done!
We don't have a large DVC contract, 160 points. I received $1,760 for transferring my points, so minus out my yearly MF of $759 and I made a $1,001 profit for the year on what is really a 1 bedroom rental.
Would a 1k profit be considered a good deal compared with most Starwood and Marriott 1 bedroom rentals?
Do you agree with my thinking that I'm better off keeping DVC and doing this in the years we don't use it instead of selling it in a really bad resale market?