Renting out Marriott Vacation Club points

[DRH90277]

Thinking of renting out some excess Vacation Club points and I am trying to determine an appropriate sales price. What is an expected sales price if one is not compelled to rent them out? In other words, I can defer the use of points for two years.

 

[DanCali]

check out vacationpointexchange.com

 

[DRH90277]

Thank you. I did go to the website. I'm disappointed but not surprised. Points are being leased for less than the maintenance fees.

I now have a new recommendation for individuals who ask me about buying points. Don't buy points just rent points for less than the cost of the maintenance fees. Think about it, lower cost, no long-term commitment, ultimate flexibility, and no large upfront purchase cost which becomes worthless at purchase.

 

[davidvel]

Thank you. I did go to the website. I'm disappointed but not surprised. Points are being leased for less than the maintenance fees.

I now have a new recommendation for individuals who ask me about buying points. Don't buy points just rent points for less than the cost of the maintenance fees. Think about it, lower cost, no long-term commitment, ultimate flexibility, and no large upfront purchase cost which becomes worthless at purchase.

From what I have seen most rentals are above MFs, except in distressed situations. I agree with renting vs. buying if you already have some points (trust or enrolled), as one cannot rent points unless they have an account.

 

[DRH90277]

From what I have seen most rentals are above MFs, except in distressed situations. I agree with renting vs. buying if you already have some points (trust or enrolled), as one cannot rent points unless they have an account.

I was surprised at the pricing and suggest others look at the website referenced earlier to see the pricing firsthand. If one had the minimum points or points from an old enrolled week, they would be set for a pretty inexpensive ride using points. I now know the most economical approach to participation, and I don't think it can be refuted. Nothing wrong with knowing an approach to the lowest cost participation.

 

[mjm1]

I was surprised at the pricing and suggest others look at the website referenced earlier to see the pricing firsthand. If one had the minimum points or points from an old enrolled week, they would be set for a pretty inexpensive ride using points. I now know the most economical approach to participation, and I don't think it can be refuted. Nothing wrong with knowing an approach to the lowest cost participation.

One thing to keep in mind is that if the owner is renting legacy points their MF May well be less than the MF’s for Trust Points. Hence they can rent them for less and either break even or even make a little profit.

Best regards.

Mike

 

[frank808]

Thank you. I did go to the website. I'm disappointed but not surprised. Points are being leased for less than the maintenance fees.

I now have a new recommendation for individuals who ask me about buying points. Don't buy points just rent points for less than the cost of the maintenance fees. Think about it, lower cost, no long-term commitment, ultimate flexibility, and no large upfront purchase cost which becomes worthless at purchase.

That is what a lot of Tuggers recommend here if you are already in DC points program. Why spend money and buy more points from MVC. When you can rent at MF or a few pennies more than MF?

Only case to purchase is to enroll a bunch of weeks or to get to a higher level Presidents,Chairman's, etc.

Sent from my SM-N975U using Tapatalk

 

[Steve Fatula]

Supply and Demand applies too. If suddenly 5% more of MVCI owners decide they want to rent and not buy, there (may) not be any points left to rent, not enough renters. If that happens, you know what happens to the cost of renting the points. As long as there are more people wanting to rent than renters, you are fine. Since TUG is the minority of owners, doubtful the supply will dwindle to nothing. Just saying if everyone wanted to rent, obviously it's not going to work.

 

[DRH90277]

Next questions - It was stated earlier that a party needed to own points to rent points from another party. Could a non-vacation club participant buy points on the resale market, pay the education fee and the $3.00 per point nuisance fee (minimum $3,000) and be a full participant in the Abound program? In other words, could one escape ever buying points using a MVC salesperson?

If this would work, the previous nonparticipant may have an easy path to renting all the points they want from other owners.

 

[sponger76]

Next questions - It was stated earlier that a party needed to own points to rent points from another party. Could a non-vacation club participant buy points on the resale market, pay the education fee and the $3.00 per point nuisance fee (minimum $3,000) and be a full participant in the Abound program? In other words, could one escape ever buying points using a MVC salesperson?

If this would work, the previous nonparticipant may have an easy path to renting all the points they want from other owners.

Yes.

 

[CalGalTraveler]

I am investigating rentals as I have a Vistana mandatory VOI that is now in Abound that will end up with leftover points. Renting points is a great way to augment.

Is there a required minimum number of points that you can own? What is the best market for buying resale points?

If an owner buys 1000 points resale can they decide to sell 500 of those points later if they don't need that many and don't want to pay the MF?

Can you rent out only those 500 points? or do you need to rent out your entire package?

Is there a minimum number of points that needs to be transferred?

Also I understand that the points need to be used in the use year rented so renting early in the year in case you need to rebook is prudent. Can one rent points now for 2024 to make reservations 12 months in advance when the window opens?

 

[DanCali]

I am investigating rentals as I have a Vistana mandatory VOI that is now in Abound that will end up with leftover points. Renting points is a great way to augment.

Is there a required minimum number of points that you can own? What is the best market for buying resale points?

If an owner buys 1000 points resale can they decide to sell 500 of those points later if they don't need that many and don't want to pay the MF?

Can you rent out only those 500 points? or do you need to rent out your entire package?

Is there a minimum number of points that needs to be transferred?

Also I understand that the points need to be used in the use year rented so renting early in the year in case you need to rebook is prudent. Can one rent points now for 2024 to make reservations 12 months in advance when the window opens?

You are asking several questions both re buying (resale) and renting points so let me try to answser.

- When buying Trust points (resale or developer) they come in chunks of 250 called Beneficial Interest (BI). I believe the minimum discussed here is 1000 (4 BIs), but not sure if that is an official number or because it makes more financial sense because of the minimum "junk fee" (normally $3/point, but minimum $3000)

- It certainly seems you can sell just 500 when looking at RedWeek listings. If you'd like to buy there are lots of listings there.

- You can rent Trust or Legacy points in increments of 5 (not 500). I don't know of a minimum, and some have requested to rent very small amounts from me.

- Yes, you can rent 2024 points now since owners can already elect those. Some listings already exist on vacationpointexchange.

Personal note - a better option than buying 1000 resale points for what would be around $7000 (after junk fee + closing costs) might be to buy a week in Spain directly from MVC. You can get a Gold 2BR week which would be enrolled in Abound and worth 2400 points for about the same total price (much less $/point). It's a week, but you could use it as points annually if you wanted to. MFs for that enrolled week (used as 2400 points) are around $1400 - vs $700 (for 1000 points), so that's also lower MF/point than Trust points. YMMV. See this recent thread.

Good sales offer to help increase ownership status

Just had a good offer, I would be interested if I was trying to get to Presidential or Chairmans but as already there I don't need more weeks. 4 weeks in Playa Andaluza Gold season Price - 26.000€/26.000$/22.000GBP First year use 2024 9600 points annually Gift 3000 DP If interests anyone else...

tugbbs.com

 

[jeboo]

how do I rent out MVC points?

 

[VacationForever]

Go to vacationpointexchange.com to rent it out. You can get alot of information there.

 

[VacationForever]

how do I rent out MVC points?

If they are banked points, you cannot rent them out.

 

[TUGBrian]

how do I rent out MVC points?

How to Rent your Timeshare Points

Free Guide on Renting out Unused Timeshare Points

tug2.net

 

[DRH90277]

I have never rented out vacation club points as it appeared they were so deeply discounted from the MF's. Is this done because owners have small numbers of points or as their best option? What is the typical value of a rented point?

When I anticipate excess points, I just make reservations well in advance and rent out the reservations. I usually get 1 1/2 to 2 times the MF's. If the rentals don't get taken, I cancel the reservation and get the points back to carry forward. This no different than what I do with excess weeks.

 

[TheTimeTraveler]

I have never rented out vacation club points as it appeared they were so deeply discounted from the MF's. Is this done because owners have small numbers of points or as their best option? What is the typical value of a rented point?

When I anticipate excess points, I just make reservations well in advance and rent out the reservations. I usually get 1 1/2 to 2 times the MF's. If the rentals don't get taken, I cancel the reservation and get the points back to carry forward. This no different than what I do with excess weeks.

Marriott Points for 2024 appear to be renting for anywhere between 63 cents and 73 cents per point.

There is an advantage if you rent points: Once you rent them then it is no longer any concern of yours as you've been paid.

If you rent a reservation you run the risk of unforeseen cancellations, i.e. think of current events in Maui (fire) or Covid in 2020. If you do get unforeseen cancellations then you could be left holding the bag.....

Less time used to rent points, more time involved to make reservations for folks.



One other comment about points: My observations are that right now there is a glut of points available for rent. Have any TUG members noticed any difficulty in renting their excess points this year (for use in 2023 or for use in 2024) ?




.

 

[DRH90277]

I suspect a lot of these points placed for rent are from folks who just don't have enough points to get much of a vacation. They may also be shut out due to the shortage of good reservations for points.

 

[joybeckerley1]

do you have any contacts that would help me rent my excess mvc points? My primary "byer" can't buy as many as usual

 

[Fasttr]

do you have any contacts that would help me rent my excess mvc points? My primary "byer" can't buy as many as usual

List them on www.vacationpointexchange.com