2.5K points owner here - and had an interesting presentation this week at MVO. The pitch was essentially an offer to double our portfolio as a way to save on total costs over the next 10 years. They explained that maintenance fees for points owners are projected to increase significantly, averaging over 15% per year, due to new mandatory reserve requirements in Florida, as outlined in bill SB4D. However, they mentioned that Marriott would not be passing the reserves funding on to Select and higher owners, so anyone with 4,000+ points could expect their increases to be stabilized between 0.5% and 1.0% per year. According to them, our total fees are projected to be around $60K over 10 years, but this would decrease to approximately $42K if we doubled our portfolio. To do so, we’d need to purchase the points at around $15 per point (totaling $37.5K).
The second part of the pitch suggested that it wouldn’t matter if we didn’t use all the points, as Select and higher owners can rent out any points they don’t plan to use (via Owner Services) and expect to earn at least $2 per point, possibly as much as $3 per point, with a minimum guarantee of $2. Said they typically rent out within 30-45 days. Based on this, they claimed we could rent out half our points and make back $50K, meaning an upgrade to a 5K portfolio could potentially net us around $30K in savings over 10 years.
I'm not a frequent poster here, but I’ve read enough to feel that if this were true, someone would have mentioned it by now. I did some back-of-the-envelope calculations and concluded that, if the claims were accurate, by 2035, owners with fewer than 4,000 points would see fees approaching $3.60+ per point per year, while Select and higher owners would still be under $0.90 per point. This scenario seemed unrealistic. Additionally, if points can fetch $2+ when rented through Owner Services, why are they listed for only $0.60-$0.80 on vacationpointsexchange?
So, we declined, which brought about another interesting comment – that someone would be by with a form for us to sign, acknowledging we declined the offer. We've only attended a handful of presentations, but we've never been asked to sign that we declined anything. Anyway, nobody ever showed up with a form.
Am I missing something here?
P.S. Incentive for this presentation was a $375 MC gift card or 57,500 Bonvoy points... and it went on for ~ 2.5 hours.
The second part of the pitch suggested that it wouldn’t matter if we didn’t use all the points, as Select and higher owners can rent out any points they don’t plan to use (via Owner Services) and expect to earn at least $2 per point, possibly as much as $3 per point, with a minimum guarantee of $2. Said they typically rent out within 30-45 days. Based on this, they claimed we could rent out half our points and make back $50K, meaning an upgrade to a 5K portfolio could potentially net us around $30K in savings over 10 years.
I'm not a frequent poster here, but I’ve read enough to feel that if this were true, someone would have mentioned it by now. I did some back-of-the-envelope calculations and concluded that, if the claims were accurate, by 2035, owners with fewer than 4,000 points would see fees approaching $3.60+ per point per year, while Select and higher owners would still be under $0.90 per point. This scenario seemed unrealistic. Additionally, if points can fetch $2+ when rented through Owner Services, why are they listed for only $0.60-$0.80 on vacationpointsexchange?
So, we declined, which brought about another interesting comment – that someone would be by with a form for us to sign, acknowledging we declined the offer. We've only attended a handful of presentations, but we've never been asked to sign that we declined anything. Anyway, nobody ever showed up with a form.
Am I missing something here?
P.S. Incentive for this presentation was a $375 MC gift card or 57,500 Bonvoy points... and it went on for ~ 2.5 hours.
