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What to do with my Hawai'i TS.... Trade, Sell, Rent, Keep?

HawaiiTrader

HawaiiTrader

newbie
Joined
Jul 31, 2017
Messages
13
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5
Resorts Owned
Royal Aloha Vacation Club x4
Hello everyone,

So, I inherited 4 weeks and now contemplating what to do with them

For sure I will keep 1 or 2 of the weeks, I simply do not have the spare time to use all 4 (situation will not change for a few years)

Maintenance is relatively low for a Hawaiian+mainland TS ($700 to $850), good locations, amenities (nothing fancy).

Is Renting a possibility for the cost of maintenance. What is market for that?
Selling is not going to get much, but at least I do not have to pay for weeks I cannot use.

I do RCI Trades with another for closer resorts (not quite full week), but being an RCI member is extra expense and juggling.

What is the TS resort you are asking?
Royal Aloha Vacation Club.

I know, I know, suspicious brows raised because I just joined last night. I joined simply help me decide what to do.
And, YES, I did read some of the other TUG pinned posts. Did not find a post debating choices in what to do with TS's.

If I missed similar debates, please post.
Or just comment. :)

Aloha!
Joe

(PS, not Hawai'ian, but would be happy there!)
 
Your options are to give them away or to rent them out. I would try both since you are stating you cannot use them. I would think you could definitely rent them out for the maintenance fees- maybe a lot more than that since it is Hawaii.

But if you do not want the hassle I would also try to give them away. Maybe the Hawaiian experts on TUG might suggest selling them instead of giving them away. But in any case- your goal would be to get rid of having to pay those maintenance fees every year- one way or another.
 
You say "inherited", if that is true do not sign the transfer document, you can refuse an inheritance.

RAVC is an RTU ownership, no deeds. It might be difficult to anticipate demand for renting. It looks like you have to book very early to get prime weeks.


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SmithOp said:
You say "inherited", if that is true do not sign the transfer document, you can refuse an inheritance.

RAVC is an RTU ownership, no deeds. It might be difficult to anticipate demand for renting. It looks like you have to book very early to get prime weeks.


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Click to expand...

Oh, of course!Right! Inherited! I missed that. If you inherit them you don't have to accept them. Speak to your lawyer.
 
SmithOp said:
You say "inherited", if that is true do not sign the transfer document, you can refuse an inheritance.

RAVC is an RTU ownership, no deeds. It might be difficult to anticipate demand for renting. It looks like you have to book very early to get prime weeks.
Click to expand...

Well, will get some $ if I inherit and sell it, or another option.

Never know. I do know most Hawaii rooms are a year out, but 6~8 months is possible for any room off peak.
Thanks for reply
 
mpumilia said:
Your options are to give them away or to rent them out. I would try both since you are stating you cannot use them. I would think you could definitely rent them out for the maintenance fees- maybe a lot more than that since it is Hawaii.

But if you do not want the hassle I would also try to give them away. Maybe the Hawaiian experts on TUG might suggest selling them instead of giving them away. But in any case- your goal would be to get rid of having to pay those maintenance fees every year- one way or another.
Click to expand...

There is hope!
I know its optimistic, but renting them out to cover all the costs and hold until such time I can use them personally works for me.
Will look/ask for details.
 
HawaiiTrader said:
Well, will get some $ if I inherit and sell it, or another option.

Never know. I do know most Hawaii rooms are a year out, but 6~8 months is possible for any room off peak.
Thanks for reply
Click to expand...

I think it's unlikely you will get anything for these if you sell, I suspect you will have to give them away if you want to get rid of them. You might be able to get the new owner to pay the transfer fee, which is $350 iirc.

The Monday-Monday only bookings makes them less desirable, as most people prefer weekend checking. They also charge an energy surcharge, which hurts.

There have been a number of these given away on the bargain deals forum over time, which suggests people have tried to sell and been unable to.

I'm not trying to be a Debbie downer, but sometimes it's better to have realistic expectations than to try and sell for years (and pay fees all that time).
 
bizaro86 said:
I'm not trying to be a Debbie downer, but sometimes it's better to have realistic expectations than to try and sell for years (and pay fees all that time).
Click to expand...

Oh, no, better get the bad news with good.
I will explore the options. As I posted, do plan to keep at least 1.
 
If you want to be rid of them, contact the RAVC offices and ask them if they will take them back. I gave mine back to them for free quite easily several years ago. As there is no deed, it was a simple office bookkeeping thing. Easily done.

As to selling or renting them out - probably not much value out there. RAVC owns units in buildings operated by other companies, so the rental availability is pretty random. You can't promise anyone exactly what they'll get, beyond general location. If you want to get a feel of the value for resale, check eBay. RAVC units are listed there now and then for $1 or less. And if memory serves, RAVC charges a $500 transfer fee if you sell to someone else.

Caveat emptor, and all that sort of thing. :shrug:

Dave
 
[Redacted: Please see the posts below for the location of our Bargain Deals forum.]
 
Last edited by a moderator:
Oh, thought this was correct place.
my bad
 
Did you already take ownership. The easiest thing is to NOT take them from the estate.
 
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