How to Rent Your Timeshare
If you own a timeshare, there will probably be a time when you cannot use your entire property. According to an ARDA study from 2016, more than
1.8 million unit holders have free time. A good way to compensate for your maintenance fees is to rent out your free time.
The easiest way to rent your timeshare is to work with a reputable agency that has the resources to market your list, manage guests, and process transactions.
With a little more time and footwork, you can of course do it yourself. Whether you do business with us or manage your own rental, we are here to help you.
Here is our step-by-step guide to help you through the rental process.
Make sure you can rent. You must confirm that you can let guests check in. Some timeshare networks use guest certificates, which give owners a fixed number
of guest certificates. When they are used up, they can in most cases be bought. The best way to find out about your developer policy is to call them.
Determine your dates and your location. Once you have confirmed your eligibility to rent, the next step is to determine the best dates and place
to book. If you have fixed weeks and units, skip this step. If you have flexible dates and / or places (eg points), an option that is in
high demand can help you make more money on your time.
Examine your list price. The pricing for a vacation is very similar to the valuation of a home during the sales process. You need to look at comparable offerings
and consider features like kitchen, number of bedrooms and separate living rooms. Check out similar reservations on sites like RedWeek, Timeshare Users Group
(TUG), E-Bay and even Facebook.
Secure the room. Before listing, make sure you secure the room. If you have a fixed week, you may still need to confirm your dates. If not, book the room
through the developer's normal booking process. Make sure you are aware of the applicable cancellation policy and applicable fees, such as cleaning fees
or transaction fees that may need to be paid.
Sign a lease. To limit your personal responsibility, you should sign a lease. While most resorts require guests to show credit cards at check-in for
incidentals, a rental agreement provides additional protection. Also, do not forget about the most important deadlines so that you can be sure that you
have your time if your tenant quits. You can find sample contracts in Timeshare Users Group (TUG).
Create a payment method. Decide which payment methods you accept. You can use a secure electronic payment service such as PayPal. Other options are checks
or money orders, but these are more time consuming and riskier. Be sure to collect money before the applicable change deadlines if the tenant withdraws.
Select a platform to list. You need a platform to list and market your timeshare. Many people use E-Bay, RedWeek, Timeshare Users Group (TUG), Craigslist and
Facebook among other popular listing platforms. Another option is to create your own website and market it online.
List the room and advertise. Create a description with location, check-in and check-out dates, room size, resort name, facility facilities and facilities.
View high-quality photos of the room layout and the surrounding property. Consider using your own photos of the resort if the developer does not allow
copyrighted images to be used online. In fine print, you should include the facility's check-in and guest policies. For example: minimum age for check-in,
ID requirements, security deposits at check-in, cleaning fees, name change requirements and maximum number of guests allowed.