Renting Marriott

[VacationForever]

Curious what folks on this thread think of the following -

We recently purchased oceanfront weeks 51 and 52 at one of the Westin Maui properties. I was in Cabo last week and enrolled them with the developer because the Abound conversion of those weeks works out to ~21000 points in that system with maintenance currently about 6.2K. The maintenance on 21K MVC points would be near 15K.

I can rent those Nanea weeks at a good margin, but wonder if there is any advantage to converting them to Abound and renting out something from there. I am a complete noob when it comes to renting and MVC.

We bought the holiday weeks because the margin in renting them will pay the maintenance on the other Vistana stuff we own. If they don't rent we are happy to spend the holidays there.

Any ideas, opinions comments welcome.

What did you buy and how much did you pay for the developer points to enroll your 2 weeks? There is a $$$ for the enrollment which should not be ignored.

 

[dioxide45]

What did you buy and how much did you pay for the developer points to enroll your 2 weeks? There is a $$$ for the enrollment which should not be ignored.

If enrolled in Cabo using Westin Aventuras it should have only cost around $15K.

 

[Cody Penn-Dent]

If enrolled in Cabo using Westin Aventuras it should have only cost around $15K.

Bang on at $15K.

 

[Cody Penn-Dent]

What did you buy and how much did you pay for the developer points to enroll your 2 weeks? There is a $$$ for the enrollment which should not be ignored.

15K to enroll both contracts which are 2BR Oceanfront Nanea weeks 51 and 52.

 

[MOXJO7282]

I can rent those Nanea weeks at a good margin, but wonder if there is any advantage to converting them to Abound and renting out something from there. I am a complete noob when it comes to renting and MVC.

No electing points, to secure a week to rent will cost you much more than just renting your weeks because of the amount of points it would take the same week you own. You'd have to convert both weeks and probably end up with only 10 nights, if you could successfully secure the points reservations. It is almost always more cost effective to use your weeks to rent. Definitely for prime weeks.

 

[VacationForever]

I think we should weigh the cost to rent out the points, $15K vs. renting out those weeks. I don't know the rental price for these ocean front holiday weeks. I suspect each week can rent for $10K?

 

[Cody Penn-Dent]

I think we should weigh the cost to rent out the points, $15K vs. renting out those weeks. I don't know the rental price for these ocean front holiday weeks. I suspect each week can rent for $10K?

Depends on the year. These are Oceanfront and they get a premium but this last year (I bought them in November and paid the prior owner's maintenance, grossing up the purchase price for ROFR) they barely covered maintenance because of the fire impact. In a good year I can expect (I am told by another such owner) 9 to 11 K each. but we may not see another good year until Lahaina is rebuilt. So if I can just "rent the points" in the MVC world and get 15K I carry less risk. That's the thinking.

 

[VacationForever]

Depends on the year. These are Oceanfront and they get a premium but this last year (I bought them in November and paid the prior owner's maintenance, grossing up the purchase price for ROFR) they barely covered maintenance because of the fire impact. In a good year I can expect (I am told by another such owner) 9 to 11 K each. but we may not see another good year until Lahaina is rebuilt. So if I can just "rent the points" in the MVC world and get 15K I carry less risk. That's the thinking.

BTW - Is ROFR.net yours? If so, many thanks!

Nope. @dioxide45 owns the site.

 

[Cody Penn-Dent]

Nope. @dioxide45 owns the site.

I noticed that and edited.

Thanks

 

[dioxide45]

Nope. @dioxide45 owns the site.

I noticed that and edited.

Thanks

Just to be upfront and clear, I don't own the domain or pay for the hosting. That is done by another Tugger that we don't hear from as much. I do work to maintain the database by having access to make corrections and back up the data.

 

[Cody Penn-Dent]

If enrolled in Cabo using Westin Aventuras it should have only cost around $15K.BTW - me

BTW - meant to thank you for ROFR.net!

 

[Cody Penn-Dent]

Just to be upfront and clear, I don't own the domain or pay for the hosting. That is done by another Tugger that we don't hear from as much. I do work to maintain the database by having access to make corrections and back up the data.

Well thank you and the Tugger who pays the bills.

 

[WBP]

Anyone having any luck renting their extra Marriott time recently? We used Vacation Candy in the past and they were pretty good and things seemed to rent in a reasonable period of time. However, the past few years we haven't even had any inquiries using them. We ask fair pricing and it just seems like they aren't getting the interest they used to. We have tried Koala as well and never had any luck. We sometimes use Redweek but then we are out the listing fees if it doesn't rent. Just curious what others are finding these days.

After years of great experience renting high demand weeks at a highly sought after Marriott resort, at a very reasonable price, we've had an awful two or three years with Redweek.com. Further, we've never had good luck with Koala or Vacation Candy, or for that matter the TUG Marketplace. In my opinion, Vacation Candy is unscupulous, they tried to pull a fast one on us, a few years ago, and got caught.

I did a lot of research on the challenges that we encountered, and it seems that we developed the challenges that we did, when Marriott Vacation Club started dumping their inventory for rent into VRBO or AirBNB. We have no experience listing our Marriott villas for rent on VRBO or AirBNB, so I can't say that we went head to head with Marriott, with our villas for rent, on VRBO or AirBNB. I am told by a very reliable source, at a large Marriott Vacation Club resort, that a lot of their guests are VRBO or AirBNB clients/guests/renters.

Ironically, we kept our rentals listed on Koala, even after they were rented, just to see if Koala produced a customer, and 2 weeks prior to our check-in date, Koala produced a customer (for the first time, ever).

My gut sense tells me that the American Customer of Today, thinks first of renting their vacation accommodations from Marriott (directly), or VRBO, or AirBNB. It seems that the consumer has the highest confidence in those three brokers, and their (reservation) technology appeals most to the consumer.

 

[dioxide45]

After years of great experience renting high demand weeks at a highly sought after Marriott resort, at a very reasonable price, we've had an awful two or three years with Redweek.com. Further, we've never had good luck with Koala or Vacation Candy, or for that matter the TUG Marketplace. In my opinion, Vacation Candy is unscupulous, they tried to pull a fast one on us, a few years ago, and got caught.

I did a lot of research on the challenges that we encountered, and it seems that we developed the challenges that we did, when Marriott Vacation Club started dumping their inventory for rent into VRBO or AirBNB. We have no experience listing our Marriott villas for rent on VRBO or AirBNB, so I can't say that we went head to head with Marriott, with our villas for rent, on VRBO or AirBNB. I am told by a very reliable source, at a large Marriott Vacation Club resort, that a lot of their guests are VRBO or AirBNB clients/guests/renters.

Ironically, we kept our rentals listed on Koala, even after they were rented, just to see if Koala produced a customer, and 2 weeks prior to our check-in date, Koala produced a customer (for the first time, ever).

My gut sense tells me that the American Customer of Today, thinks first of renting their vacation accommodations from Marriott (directly), or VRBO, or AirBNB. It seems that the consumer has the highest confidence in those three brokers, and their (reservation) technology appeals most to the consumer.

I don't beleive Marriott rents through Vrbo or Airbnb. Listings you see on there are probably from other owners.

 

[suzannesimon]

I’ve never had a better year than this on Redweek. I’ve tried them all and nothing compares to it. Within the last year I have had 2 people contact me for rentals because they were standing at check-in with a canceled reservation from a rental they had gotten on VRBO. I don’t know why Marriott would use VRBO since they can rent on Marriott.com.

 

[dioxide45]

Can someone post a screenshot of these rentals on Vrbo by Marriott? I looked at a bunch of Lagunamar and even Harborside (thinking they wouldn't rent those on Marriott.com) rentals and all were by other hosts.

 

[Michigan Czar]

Depends on the year. These are Oceanfront and they get a premium but this last year (I bought them in November and paid the prior owner's maintenance, grossing up the purchase price for ROFR) they barely covered maintenance because of the fire impact. In a good year I can expect (I am told by another such owner) 9 to 11 K each. but we may not see another good year until Lahaina is rebuilt. So if I can just "rent the points" in the MVC world and get 15K I carry less risk. That's the thinking.

I've had great luck with Redweek and TUG. Maui is my primary destination, and I felt the lessened demand since the Lahaina fires. This will impact demand for years; I do believe demand will improve this year as Maui is promoting more tourism again. I think the fire and messaging from many locals not to come last year caused many people to cancel. I went for the winter holidays for 3 weeks and many local employees and business owners thanked us for being there.

 

[COLLMEEH]

After years of great experience renting high demand weeks at a highly sought after Marriott resort, at a very reasonable price, we've had an awful two or three years with Redweek.com. Further, we've never had good luck with Koala or Vacation Candy, or for that matter the TUG Marketplace. In my opinion, Vacation Candy is unscupulous, they tried to pull a fast one on us, a few years ago, and got caught.

I did a lot of research on the challenges that we encountered, and it seems that we developed the challenges that we did, when Marriott Vacation Club started dumping their inventory for rent into VRBO or AirBNB. We have no experience listing our Marriott villas for rent on VRBO or AirBNB, so I can't say that we went head to head with Marriott, with our villas for rent, on VRBO or AirBNB. I am told by a very reliable source, at a large Marriott Vacation Club resort, that a lot of their guests are VRBO or AirBNB clients/guests/renters.

Ironically, we kept our rentals listed on Koala, even after they were rented, just to see if Koala produced a customer, and 2 weeks prior to our check-in date, Koala produced a customer (for the first time, ever).

My gut sense tells me that the American Customer of Today, thinks first of renting their vacation accommodations from Marriott (directly), or VRBO, or AirBNB. It seems that the consumer has the highest confidence in those three brokers, and their (reservation) technology appeals most to the consumer.

I have rented out my timeshare on Redweek several times and been happy with the results. I noticed the Marriott timeshares on VRBO go through vacation candy? i was going to rent a week on vacaiton candy but a bit nervous?

 

[dioxide45]

I have rented out my timeshare on Redweek several times and been happy with the results. I noticed the Marriott timeshares on VRBO go through vacation candy? i was going to rent a week on vacaiton candy but a bit nervous?

Vacation Candy is a reputable company. Though if you can find the same week and resort through an owner direct it should be cheaper as Vacation Candy adds a big price addon to cover their costs ($500 is what I have seen mentioned.)

 

[COLLMEEH]

how do you find owner direct?
also can you bid the current offered price on vacation candy? i know you can on redweek.. thank you ..

 

[dioxide45]

how do you find owner direct?
also can you bid the current offered price on vacation candy? i know you can on redweek.. thank you ..

When I say owner direct. I am meaning through TUG Marketplace and Redweek (non protected).

 

[COLLMEEH]

Thank you I thought i was missing something

 

[jwalk03]

When I say owner direct. I am meaning through TUG Marketplace and Redweek (non protected).

Or one of the many Facebook groups dedicated to Marriott rentals.

 

[Fi2]

how do you find owner direct?
also can you bid the current offered price on vacation candy? i know you can on redweek.. thank you ..

I’ve listed on VacationCandy before, and can report that VC has occasionally presented me with offers below my asking price, which I accommodated when it “made sense” to me, so yes, there may be room for negotiation. Lowball offers, however, are frustrating when I know that the renter’s ultimate price will include VC’s minimum markup of $500.

 

[jwalk03]

I’ve listed on VacationCandy before, and can report that VC has occasionally presented me with offers below my asking price, which I accommodated when it “made sense” to me, so yes, there may be room for negotiation. Lowball offers, however, are frustrating when I know that the renter’s ultimate price will include VC’s minimum markup of $500.

Agreed. It never hurts to ask- but if the offer is some lowball amount I am unlikely to even try to negotiate and just say no.