Avoid getting the wrong timeshare at the wrong price in the wrong place - instead, find the right timeshare in a place that you'll love, and at a price that's hard to beat.
If you are a timeshare owner, you may find that now and then you want to rent out your designated time. And if you are a vacationer looking for a good deal, renting a timeshare may be just the answer.
Are you looking to rent a timeshare or do you have a timeshare you want to rent? Of course owning will always be less expensive than renting over time. However, you may be in a position where you aren’t interested in making a huge commitment. Renting will be your more expensive but best option.
You need to find an owner who wants to rent their unit. Go online and check out the classified. You’ll have lots of choices. Owners who can’t go on a vacation during their designated week may be very eager to connect with you as a renter.
Check out www.RedWeek.com because it works in a for-sale-by-owner fashion, allowing you to connect with timeshare owners directly to rent condo-style accommodations without middle-man markup (and no timeshare sales tours whatsoever).
Here are some tips if you’re planning to rent a timeshare for your next vacation:
calculate the cost very carefully. Make sure you’re comparing apples to apples and oranges to oranges.
in terms of accommodation, you usually get at least a kitchenette and that can save you money on food.
get as much information as you can on the unit you are planning to rent. How many people can stay in it? What are the check-in and check-out times? Are there other restrictions?
You Are an Owner but you Want to Rent
One of the best things about owning a timeshare is that you are now part of a huge, worldwide network of other owners. You are now able to trade your timeshare slot with someone who has a timeshare in a place you’d love to visit. Bingo! You both benefit.
When you rent your own timeshare out, be aware that you could be liable for any damages your renter causes.
Decide on your rental price. You can get a good idea of what to ask by researching your competition.
A Rental Agreement
Make a very clear rental agreement. Put in all your terms and conditions. Be prepared for events such as your renter backing out at the last minute. Will you charge a fee for that?
Renting you timeshare may be a way to make money, or, at the very least, not lose money if you can’t use you timeshare. And renting a timeshare may be an ideal way to have a vacation in a top notch resort for a very good price.