To be honest, you should not own a timeshare in order to rent it out. Remember, you will still have your maintenance fees to pay and whatever commission is owed to a rental agent. Often a rental agent will need for you to exchange your week into something more desirable for it to be able to rent and so this drops your revenue margin even further due to your exchange fees. This is all assuming that it does indeed rent!
Before renting your timeshare out, you should consider space banking it into your exchange company to save for future usage. The next best option would be to offer your timeshare week to family members and friends. Often these are actually your best potential renters but you might have to make them an offer of renting simply in exchange for your maintenance fees and exchange fees.
If you find yourself completely in need of renting your timeshare week out, understand first that this should be treated in the same manner as a timeshare resale. You have to be careful about where you advertise your timeshare rental. The companies that are out there are often waiting on unsuspecting timeshare owners to catch their upfront fees, without any real attempt at getting results. Again, as I offered on the idea of a timeshare resale, I recommend two particular companies to handle your timeshare rental for you. You can post on www.redweek.com and do a "for rent by owner" ad which collects no commission, or you can contact www.sellmytimesharenow.com and have them place it for rental either on a small fee based advertisement, or on a success fee based rental listing. Either way, the same rules apply as with the resales.. you need to market your timeshare through a company that gets the highest exposure as well as has the best intentions of completing your successful transaction in finding a renter!
No comments:
Post a Comment