So will you continue to try to rent your units in the future

[jjking42]

I got out of the rental market years ago. Margins were too slim and after a few units sat empty I decided it was better to sell them off and only keep what I can use. Has your attitude changed about renting ? I know everyone is mad at Redweek and I saw an article about Air bnb bailing out some of their super hosts.
I dont rent from others often but if I do it would be from a tug member or VRBO for a large house.

 

[chapjim]

Sure! Slim margins and all, so long as I am working, I have more than we can use and will continue to offer rentals.

I may do some divesting, however.

 

[A.Win]

With the future of traveling in doubt, I see owners wanting to divest rather than invest in more points/weeks. So there will be lots of bargain sales out there. If the price is low enough, I may be tempted to buy more even though it is not my intention.

I also think resorts that you can drive to will perform better than resorts that you need to fly to.

 

[vacationtime1]

I wouldn't be buying timeshares to start a rental business at this time or at any time (even at the substantially lower prices I anticipate), but I will continue to rent out my "excess" units. Why wouldn't I?

I agree that drive-to timeshares will do better over the next couple of years. Hawaii will be a bargain in the short term -- both to buy and to rent.

 

[elaine]

I will continue to occasionally rent/trade extra DVC points directly with established Tuggers. If something like C19 occurred, I'd try to work out something. If my annual fees were $8/point, I'd take $5/point, unless I could personally use them.
I have never used a broker, redweek, etc. and won't in the future after reading about the problems.

 

[chapjim]

With the future of traveling in doubt, I see owners wanting to divest rather than invest in more points/weeks. So there will be lots of bargain sales out there. If the price is low enough, I may be tempted to buy more even though it is not my intention.

I also think resorts that you can drive to will perform better than resorts that you need to fly to.

One man's drive-to is another man's fly-to.

 

[cbyrne1174]

We can safely say that resorts in Mexico, Bahamas, Hawaii, Puerto Rico, Fiji and USVI are "fly to" for >90% of their visitors.

 

[cbyrne1174]

I pooled all my Wyndham points to rent out Bonnet Creek during Disney's 50th anniversary. I think a lot of people will be dying to get out, but not wanting to pay disney hotel prices because of the markets, making Bonnet Creek look like a pretty good alternative.

 

[Synergy]

I pulled my Vegas NYE week out of the rental pool. I think the points I'll get instead are worth more than I'm afraid the rental will go for.

 

[Luvtoride]

One man's drive-to is another man's fly-to.

Well except for Hawaii, Aruba and other Islands which I think they meant.


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[chapjim]

Well except for Hawaii, Aruba and other Islands which I think they meant.


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cbyrne1174 was the first to point out my inane comment!

 

[DannyTS]

A lot of people will be afraid to travel for the next few months but what will happen after that is anyone's guess. There are a number of factors that will influence the rental market:

- once things reopen and people perceive travel to be safe again we may have pent up demand since many are eager to return to their favorite beaches and parks
-cruises will be the last to be trusted IMO so a lot of people will be looking for alternatives. In 2018 there were 26 million passengers globally. It is easier to social distance in a condo, cook your own meals, very different than on a cruise or at an all inclusive.
-a lot of points have been banked and owners will want to use them so the availability may be very low in 2021 and 2022. We may see a lot more points chasing the same inventory.
-a clear negative is that many people will loose part if not most of their income during this crises and will be more in debt so travel will be delayed and cancelled until the economy recovers fully

 

[Larry]

I have 7 prime Aruba weeks that I rent out every year. I am waiting to see what happens with flights to Aruba before I start to advertise.

 

[arubaguy2662]

Sure! Slim margins and all, so long as I am working, I have more than we can use and will continue to offer rentals.

I may do some divesting, however.

I never bought a timeshare thinking of it as an investment but strictly for great vacations and memories with my family. On occasion, when I can’t use my week for one reason or other , I rent it out for little more than my maintenance fee would be. The renter gets a fair deal and I don’t lose money. Weeks remain unrented on Redweek for instance because the owners are asking unreasonable rates . I always post the lowest rate and get it sold. A win- win for me and the renter!!!

 

[arubaguy2662]

I have 7 prime Aruba weeks that I rent out every year. I am waiting to see what happens with flights to Aruba before I start to advertise.

The situation in Aruba is improving nicely . The end of June, according to what I am hearing ,should be when everything in Aruba returns to normal. All of us who love Aruba are hopeful that it’s true.

 

[chapjim]

I never bought a timeshare thinking of it as an investment but strictly for great vacations and memories with my family. On occasion, when I can’t use my week for one reason or other , I rent it out for little more than my maintenance fee would be. The renter gets a fair deal and I don’t lose money. Weeks remain unrented on Redweek for instance because the owners are asking unreasonable rates . I always post the lowest rate and get it sold. A win- win for me and the renter!!!

There was a time when making money on timeshares was a lot easier than now.

 

[Maple_Leaf]

The situation in Aruba is improving nicely . The end of June, according to what I am hearing ,should be when everything in Aruba returns to normal. All of us who love Aruba are hopeful that it’s true.

Unless you're a good swimmer the airline industry needs to figure out how to get more than a handful of passengers at a time safely to places like Aruba before those places can return to normal.