Renting experience on Cape Cod

[PClapham]

Does anyone on tug have a rental week in Provincetown, MA? We own a week and wonder if there's any rental market. Rci seems to rent all high season deposits so I don't want to bank it; Redweek appears to list a per night charge which isn't very useful.
Thanks
Anita

 

[DeniseM]

Even though they list the price per night, they aren't nightly rentals - they are 7 days rentals. They just break it down both ways. I would use the lowest price listed for your resort/season/unit size and price your rental a tad lower.

 

[e.bram]

Rentability depends on the week you own.

 

[theo]

It depends...

...a rental week in Provincetown, MA? ... wonder if there's any rental market.

Whether your unspecified week has any rental potential depends almost entirely upon exactly when that week is. Summer is prime, spring and fall are less so but still a possibility. Winter is quite simply a "no go".

 

[Egret1986]

I would say weeks 26-32 would have a decent rental market

I previously owned a week 24 (in Mashpee) and a week 34 (in Provincetown). I had no luck renting these weeks (priced below comparable rentals).

I have also had rentals for week 34 in other summer beach areas. I have never ever had much luck renting that week (Myrtle Beach, Hilton Head, Rhode Island, Virginia Beach and Outer Banks). I no longer own any week 34 timeshares and won't buy anything after week 32 if I'm looking to rent it.

 

[pcgirl54]

PC
I own a wk 30 /end of July on the Cape not in Ptown but mid Cape. This year I rented it for the first time ever and priced it at what my net would have been had I rented it through the resorts. After three weeks I had an inquiry and received payment in full before the stay using My Resort Network. This was early May for an end of July rental.

It was the only inquiry I received but it worked out. I decided to do it that way because I would not receive funds had I rented through the resort until after the rental period and if they backed out I was out of luck with a week I could not deposit due to the timeframe and no renter.

The resort had 5 other wk 30's for rent so I would have been the 6th person and it was $400+ over what I was asking. In this economy I thought my lower price would move faster. I was fortunate that the one inquiry worked out.

Edited to add:

It was much more than my MF to give you an idea. If I were just going to get MF i would have deposited it because it is a tiger trader. July weeks and part of August at BG are the highest in demand. I would think yours would be the same being in Ptown.

 

[PClapham]

Thanks for the information and advice. Sounds like my week 33 wouldn't rent so well.
Anita

 

[e.bram]

I think week 33 would rent fairly easily in ptown.

 

[JudiZ]

Trading v. Rental

Tried to rent twice in the past six years - week 26 at Sea Mist in Mashpee. I used it three times. Rented five days of one week last year, but a few years ago only rented three of the seven days. Traded the last. The week I banked at RCI traded like a tiger. I decided to deposit 2010 based on this. While Cape Cod seems like a great rental, it hasn't worked out that way for me. Just my experience.
Judi

 

[e.bram]

Sandcastle is on the ocean(bay) , Seamist is not.

 

[Egret1986]

I owned both SeaMist (24) and Sandcastle (34)

Sandcastle is on the ocean(bay) , Seamist is not.

Neither received any interest when I tried to rent them.

OP, I think you can give it a try, but I wouldn't expect much over the maintenance fees. That's just my experience. I always high trade power with them though.

 

[PClapham]

Ok to have trade power, but rci doesn't have high season weeks available except to rent!
Anita

ps just checked for May 2010 Hilton Head - nada

 

[gorevs9]

Tried to rent twice in the past six years - week 26 at Sea Mist in Mashpee. I used it three times. Rented five days of one week last year, but a few years ago only rented three of the seven days. Traded the last. The week I banked at RCI traded like a tiger. I decided to deposit 2010 based on this. While Cape Cod seems like a great rental, it hasn't worked out that way for me. Just my experience.
Judi

Where have you listed your rental? While I do not have a Cape COd unit, I have a summer New Hampshire unit and I always get plenty of inquiries from my listing with Vacation Timeshare Rentals. I hate to say it, but the TUG Marketplace has never produced for me.

 

[theo]

A location perspective...

Tried to rent twice in the past six years - week 26 at Sea Mist in Mashpee. I used it three times. Rented five days of one week last year, but a few years ago only rented three of the seven days. Traded the last. The week I banked at RCI traded like a tiger. I decided to deposit 2010 based on this. While Cape Cod seems like a great rental, it hasn't worked out that way for me.

With all due respect (stated with admitted bias as a lower Cape Cod native), the Mashpee area is really not particularly representative of what vacationers want when they think of "Cape Cod" anyhow. Mashpee is landlocked, with no beaches, and is certainly a bit of a snooze in terms of available nearby activities --- or even points of any particular interest. .

It's a whole different "Cape Cod" picture and desirability when talking instead about the coastal communities from around mid-Cape to Provincetown...