A.Win
TUG Member
There are several people here that rent lots of units. Let's get their feedback.
As for me, I own Wyndham and Bluegreen and have tried renting both.
I find that in both systems, breaking even is the norm. With a lot of time and effort, you can turn a small profit. For the no hassle approach of hiring others, you will likely recoup less than your annual fees. This is why resale points for both systems are free or very cheap to acquire.
However, I have VIP status at Wyndham. Therefore, I can and do profit some. But when you consider the high upfront cost of getting VIP and the time spent on renting, most feel that it isn't worth it. With guaranteed interest rates at 1-3% or so, I think any investment that makes more than that isn't so bad.
Some other systems cost more: DVC, Hilton, Marriott, Sheraton, Holiday Inn... Can I assume that the profits are greater? The more you pay upfront, the more you should make renting each year, right?
As for me, I own Wyndham and Bluegreen and have tried renting both.
I find that in both systems, breaking even is the norm. With a lot of time and effort, you can turn a small profit. For the no hassle approach of hiring others, you will likely recoup less than your annual fees. This is why resale points for both systems are free or very cheap to acquire.
However, I have VIP status at Wyndham. Therefore, I can and do profit some. But when you consider the high upfront cost of getting VIP and the time spent on renting, most feel that it isn't worth it. With guaranteed interest rates at 1-3% or so, I think any investment that makes more than that isn't so bad.
Some other systems cost more: DVC, Hilton, Marriott, Sheraton, Holiday Inn... Can I assume that the profits are greater? The more you pay upfront, the more you should make renting each year, right?