Renting Marriott

[suzannesimon]

I’m willing to go down $100 most of the time. Sometimes that satisfies their need to negotiate. It seems to happen more with VC. Rarely do others even ask. It’s basically just giving VC a bigger commission since they are padding the price with their commission.

 

[Fi2]

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.

Agreed. I type “No, thanks.” more often than bothering to counter, even if that means ultimately gifting my unusable time to someone who could really use it!

 

[pinetree1]

Recently VC asked for a big cut for a summer HH week while I saw the same week was listed on its site with $1000 make-up.

 

[jmhpsu93]

This is the first year I've started renting out weeks and points reservations with any volume. I have six weeks for rent on Redweek and I have three rented so far, and two of them are for December so I don't expect anything on them yet. I use Verified & Protected on Redweek and price things at the bottom of the market while still making the ROI I'm looking for to offset maintenance fees.

I tried Vacation Candy and didn't get a nibble last year.

 

[COLLMEEH]

thanks totally agree.. you could spend all of your time looking at the sites!

 

[COLLMEEH]

also is it "safe" to purchase a non verified by redweek? thank you

 

[grupp]

Agreed. I type “No, thanks.” more often than bothering to counter, even if that means ultimately gifting my unusable time to someone who could really use it!

I just delete them.

 

[jwalk03]

also is it "safe" to purchase a non verified by redweek? thank you

I do all of my rental that way to avoid the extra costs associated with the Redweek Verified & Protected service. Just make sure you talk to the owner directly and they can provide you a screenshot of the reservation prior to payment and you should be good. Since Redweek membership costs money the scammers tend to focus on free and easier alternatives for their scams like facebook & craigslist.

 

[DRH90277]

I do all of my rentals using the paid for "Verified and Protected" listings. I also usually talk to the renter. I even wait until 2 days after check-in to be paid by RedWeek. I sit back and experience some comfort in having assured the renter of the legitimacy of the rental. This costs me less than 1.5% of the rental revenue and it's worth it to me.

On the buy side, why would I rent from someone who didn't provide the additional assurance?

 

[dioxide45]

On the buy side, why would I rent from someone who didn't provide the additional assurance?

To save a lot of money. Redweek charges the renter an additional 9.5%-10% for a protected rental.

 

[grupp]

To save a lot of money. Redweek charges the renter an additional 9.5%-10% for a protected rental.

The fees seem to keep increasing and they are also collecting taxes in some locations. In my experience, once travel started to pick up after the intial Covid shut downs the trend was more towards booking through Redweek payments. However, in the last 12-18 months it has gone more back to people looking to book direct due to the increased fees. Here is an example of what the fees/taxes look like if you use the Redweek payments, almost $1,000 difference in this case.
.

 

[DRH90277]

To save a lot of money. Redweek charges the renter an additional 9.5%-10% for a protected rental.

Yes, RedWeek does charge a fee on top of the rental of about 10% for Verified and Protected (V&P) rentals. And RedWeek does rely on more than a mere $50 for a 6 month listing.

So, an owner could avoid the V&P protection and pocket the difference. There is value to the V&P designation and the real question to me is whether a renter would want to rent without this protection?

For me as a renter, I would gladly pay for the protection rather than enter into a "less protective arrangement" with any owner who might be less motivated to perform.

 

[MOXJO7282]

Yes, RedWeek does charge a fee on top of the rental of about 10% for Verified and Protected (V&P) rentals. And RedWeek does rely on more than a mere $50 for a 6 month listing.

So, an owner could avoid the V&P protection and pocket the difference. There is value to the V&P designation and the real question to me is whether a renter would want to rent without this protection?

For me as a renter, I would gladly pay for the protection rather than enter into a "less protective arrangement" with any owner who might be less motivated to perform.

So you'd pay $500-$750 on something you can easily validate yourself? The only value RW really brings is the ability to use a credit card and a cancellation policy. I could see if it were $250 or less but its a significant amount.

 

[DRH90277]

So you'd pay $500-$750 on something you can easily validate yourself? The only value RW really brings is the ability to use a credit card and a cancellation policy. I could see if it were $250 or less but its a significant amount.

The renter pays this extra amount (not me) and pays it to RedWeek for their value-add; or, you will take it in as a greater and significant $500-$700 higher mark-up. I don't think you are going to discount your rentals because you don't do the Verified and Protection (V&P). It's actually the renter's choice anyway. I don't have any trouble renting my units because of the imposed V&P embedded in what they pay to RedWeek.

RedWeek also collects the resort taxes for our Myrtle Beach rentals and pays this over to the taxing authority as required. My renters also know the deal is clean with respect to this obligation and they do not have this exposure.

 

[igopogo]

So you'd pay $500-$750 on something you can easily validate yourself? The only value RW really brings is the ability to use a credit card and a cancellation policy. I could see if it were $250 or less but its a significant amount.

It’s not just the validated (verified) half, the lister could change the reservation whether it’s validated by the renter or by redweek. It’s the protected half. Redweek takes on the risk and they should be compensated for that. Then you can argue how much they should be compensated, of course.

I haven’t rented from redweek, but I have listed. If I were rented I would stick with v&p personally. The extra money is worth the peace of mind when on vacation.

I would be totally fine renting on tug because I can take into account reputation.

 

[MOXJO7282]

It’s not just the validated (verified) half, the lister could change the reservation whether it’s validated by the renter or by redweek. It’s the protected half. Redweek takes on the risk and they should be compensated for that. Then you can argue how much they should be compensated, of course.

I haven’t rented from redweek, but I have listed. If I were rented I would stick with v&p personally. The extra money is worth the peace of mind when on vacation.

I would be totally fine renting on tug because I can take into account reputation.

Redweek does have "Member since" that shows how long someone has been a member and of course they could add a review section for repeat/frequent owners who rent their units but that would kill their V&P revenue stream so they compel owners and renters to pay more to list as V&P and to rent via V&P. A legit owner can send you a reservation in your name from Marriott that you can confirm with Marriot who the owner is, the owner can give you his personal information, like address so if worse case the owner commits a felony you could file a police report, so those are very strong deterrents to not commit a crime. I just don't see that happening so it just seems like wasted money but whatever makes you comfortable.