Renting a couple of weeks/points in Orlando

[N5girl]

Hi

I would like to rent a 1BR in Orlando [next summer.]

What is the cheapest and safest way to do this - rent specific weeks or rent points? I know I can rent direct from Marriott but is that the best option?

Do you get different rooms if you rent from Marriott direct versus using an owner's week/points?

Thanks in advance for any guidance.

 

[DeniseM]

Orlando is one of the least expensive rentals in the world - if you belong to RCI or II - check their rental prices.

 

[N5girl]

Sorry if I breached any guidelines.

I am not a member of either of those resorts (and unlikely to be in the near future). We rented from an owner at WBC via an agency on our last trip and I was hoping that there might be something similar or a guide to buying points/renting.

 

[DeniseM]

The reason your post was edited is that you can't request a rental in the discussion forums, so even if that wasn't your intention, when you post all the details of what you want to rent, it's bound to elicit rental offers. Even without the specifics, you provided enough info. to get your question answered.

I recommend 2 websites for safer rentals: TUG Marketplace (linked at the top of the page) and www.redweek.com.

I like these websites, because to advertise on them you have to register and pay a yearly membership fee - that keeps out most of the scammers, because they don't want to provide info. that could track them.

How to verify that a rental is Legit: http://www.tugbbs.com/forums/showthread.php?t=109479

"Buying" = buying a timeshare ownership.

You want to rent a reservation (you can't rent points directly - the owner will make a reservation for you.)

There are many great resorts in Orlando (including Marriott) so you should be able to find something nice and economical.

 

[N5girl]

Thanks Denise.

So you would not recommend getting a reservation via points? People seem to 'rent' these via the TUGMarketplace and redweek too.

In terms of renting for 2 weeks are we most likely to have to find two separate weeks from rental owners (all the ads I have seen have been for 7nts)? Will the Marriott resort staff just leave us in the same 1BR or are we likely to get moved?

Thanks

 

[DeniseM]

You can't rent points directly - when you see points for rent, that just means the owner has points available to make a reservation for you - then you will rent the reservation that the owner makes, and they will have Marriott issue a confirmation in your name. So in the end, it's the same as renting a reservation that someone is advertising.

With 2 separate reservations, you may or may not get moved - that is the front desk's call.

Some owners may be able to reserve and rent a 2 weeks reservation to you if they have the points available, and the dates are available - which they should be, this far out.

*Since there are some great bargains to be had in Orlando, I would not lock into renting 2 weeks from a Marriott owner - that is likely to be a more expensive option, because an owners underlying costs are higher with a points reservation, which he will pass on to you.

 

[N5girl]

Ok - so as I understand it best option would be to secure two back to back weeks from 2 different owners and ask the front desk to link the reservations (or something similar) so that we do not get moved.

 

[DeniseM]

Ok - so as I understand it best option would be to secure two back to back weeks from 2 different owners and ask the front desk to link the reservations (or something similar) so that we do not get moved.

I don't know if it's the "best," option - but it's probably significantly cheaper.

But you will have to be prepared for the possibility of getting moved - but if it saves you hundreds of dollars, probably worth it?

We see nice Orlando timeshares for rent for $700 per week - so shop around.

* Another options is to intentionally rent two different resorts, so you can spend one week near Disney, and one week near the beach, or Universal, etc., for convenience.

 

[Bill4728]

Since you do not belong to either II or RCI you can not take advantage of their great Orlando rentals BUT each company operates a website that does the same thing to the general public (at slightly higher prices) you can try there.

RCI's site is www.endlessvacation.com

II

www.Condodirect.com
__________________

 

[presley]

Since you put this in the Marriott forum, I am guessing you want Marriott and that will not be in RCI/Endless Vacations.

You can rent from Marriott point owners here: http://vacationpointexchange.com/

It may be cheaper to rent from a weeks owner, which will be found in TUG marketplace and Redweek as mentioned by Denise.

 

[N5girl]

Thanks for the further advice.

Yes I want a Marriott. I assume that $700 pw is for certain properties and not places like Lakeshore Reserve for example.

Also how does pricing normally work - is it quite 'expensive' now to book a year ahead? When do the prices tend to come down?

I can put up with moving if it results in a saving of a few hundred dollars. Plus we get the benefit of a completely clean place - quite important with a messy toddler in tow

 

[DeniseM]

Marriott has beautiful timeshares - but there are a lot of other beautiful timeshares in Orlando, too.

Orlando is over-built with timeshares, which drives down the price, so you can actually rent a one bedroom at a very nice resort in Orlando for $700 per [week] (equivalent to Marriott.)

That's why I suggested that you consider all your options - because Orlando is a buyer's market.

Generally, the last minute prices (within 60 days) are the cheapest, but prices are so low in Orlando anyway, I personally wouldn't wait that long - especially if you are locked into certain dates.

*In the TUG Resorts and Reviews, you can pull up a listed of Orlando timeshares, ranked by TUG members, so that you can see what the top rated resorts are. I would not hesitate with anything from Bonnet Creek (8.44) and up on the list: http://www.tug2.com/BrowseResorts.aspx?FL-Gulf Coast/Orlando | Orlando Area&area=4&group=12

 

[traveldaddy]

Typo above.

I am pretty sure Denise meant $700 per week

 

[DeniseM]

Typo above.

I am pretty sure Denise meant $700 per week

Oopppps!

 

[presley]

Yes I want a Marriott. I assume that $700 pw is for certain properties and not places like Lakeshore Reserve for example.

Also how does pricing normally work - is it quite 'expensive' now to book a year ahead? When do the prices tend to come down?

$700./week is when someone thinks their unit won't be rented and they post it here for that amount. That will be 45 days or less from check in. It is below their annual cost.

If you book a year ahead, you will pay a lot more because not only will they be counting on getting their annual fees covered, they will be counting on a profit. The best way to see the value of what you are getting is to price it on the marriott website. See how much you'd pay if you rented directly from marriott. Then, you can compare that to what owners are charging. It will likely be a huge savings to rent from an owner, even if you think it seems expensive.

 

[silentg]

Best advice spend $ 15.00 for Tug membership, use Marketplace ads or last minute rentals.
Read reviews, see what appeals to you. Then go have fun!

 

[Bill4728]

Marriott has beautiful timeshares - but there are a lot of other beautiful timeshares in Orlando, too.

Orlando is over-built with timeshares, which drives down the price, so you can actually rent a one bedroom at a very nice resort in Orlando for $700 per [week] (equivalent to Marriott.)

That's why I suggested that you consider all your options - because Orlando is a buyer's market.

If you have a friend who owns a TS they can look at the exchange company's get-a-ways as I just did. I found a 2 bd in mid july for a week at a nice (non marriott) resort for just $600 /week you would need a guest certificate which are under $100 AND a 1bd for about $500

So yes even now you can reserve a week at a nice resort in Orlando for $600- $700.

 

[N5girl]

Thanks for the further comments.

Denise mentioned the $700 pw - I think to provide an idea of the potential value that might be out there if I move beyond Marriott resorts. I never mentioned a budget just the Marriott resorts I was interested in - hence the deletion.

I have rented at WBC before and got a price significantly different to the 'website' price - I just wanted some advice on how you do the same for a Marriott resort - so thanks for all the helpful tips so far. I have priced up the Marriott resorts so I have an idea of non-owner prices - however they are obviously a bit ridiculous at the moment because we are 11mths out.

It seems to be the age old trade off. Buy now, pay more but get the room. Wait, potentially pay less or end up somewhere else!

I have paid my $15 - tbh it has been worth it just for the advice I have got over the last 24 hrs.

A few more questions if you don't mind:

It was mentioned earlier that renting points is likely to be more expensive than getting a week from an owner. At the moment it looks like I can get points at a relatively constant $0.55 per point. However the price of one week seems to start out quite high (due to coverage of MF and profit) and eventually drops to covering just MF. So does $0.55 represent MF + profits or are the calculations of pricing different for a legacy week stay v points stay?

Secondly I assume Marriott has different inventory - so guaranteed weeks for owners, weeks allocated to points stay and then what is left is used for non-owner stays. So if there are a 100 units, 20 units are assigned to owners, this leaves 80 potential weeks for point stays. Is this too simplistic?

Thanks - this has been v. interesting so far.

 

[silentg]

How many people are going with you? There are two bedroom units and some timeshares have houses for rent, like Summer Bay, they have their own pool! Let us know what you decide on and if you need any info on the area, you can PM me!
Welcome to TUG
Silentg

 

[Bill4728]

It was mentioned earlier that renting points is likely to be more expensive than getting a week from an owner. At the moment it looks like I can get points at a relatively constant $0.55 per point. However the price of one week seems to start out quite high (due to coverage of MF and profit) and eventually drops to covering just MF. So does $0.55 represent MF + profits or are the calculations of pricing different for a legacy week stay v points stay?

The $0.55 /pt is what people are renting their pts for. For some people that is renting at a profit and for some renting at a loss. This is because they generate pts from turning in their weeks at resort for pts ( this option is only available for people who bought before June 2010) I get 2750 pts for my Newport Coast week cost me about $0.42/pt so if I rent for $0.55 I make a profit but for some people their MFs are more than $0.55/pt

Secondly I assume Marriott has different inventory - so guaranteed weeks for owners, weeks allocated to points stay and then what is left is used for non-owner stays. So if there are a 100 units, 20 units are assigned to owners, this leaves 80 potential weeks for point stays. Is this too simplistic?

No it isn't too simplistic BUT at most resort it is 100 units with 95 units for week owners and 5 units for everyone else. BUT the week owners can give their weeks to Marriott for DC points. After that happens, it may mean that of the 100 units, 50 are being stayed in by week owners, 30 by owners of DC points, 10 for exchangers and 10 which the week owners gave to Marriott for hotel points and Marriott can rent them to the general public.

Hope this helps

 

[N5girl]

Bill - thanks that is very helpful indeed.