Posted by ljbsolutions 2 years ago In:

renting your timeshare

Has anyone rented their timeshare through ...

Has anyone rented their timeshare through condotrader? If so, what money if any did you pay them upfront? Were they successful in renting your timeshare?

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3 Answers

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Masterflagger Answered:

1While I agree that the majority of resell companies out there are ripoffs (I shelled out about 4300$ to 5 different companies in the past 9 years), I was lucky enough to have a friend who sold his timeshare through condotrader.com.

Granted his timeshare was in Florida and mine was in Branson, Missouri, and they did not guarantee me the property would sell, but it did sell on the resell market after a year of advertising with them and I took the first offer they gave me (maybe I was too impatient).

I did not know that alot of the resell companies out there are owned by the same hotel chains selling them like Wyndham just operating under different resell company names until I did my RESEARCH.

When these resell ripoff companies gurantee you that they will sell it, they are really saying "there's no way in hell we are going to allow you to sell it".

Just my 2 cents.

Determine how much rent to charge. Usually you will be renting out your particular timeshare week, so the easiest way to find an asking price is to call your own resort and pretend that you are interested in renting a timeshare from them. Most resorts will have rental programs of their own and will be able to quote you an estimate. You can then use this as a baseline for your own rental price.

Step 2
Advertise in newspapers, magazines and on the Internet. Many websites will let you list timeshare rental opportunities for free in their classifieds or timeshares section.
Step 3
Draft a rental agreement. Make sure the person you are renting to is at least 21 years of age, supplies a valid copy of their driver's license and signs your rental agreement. Most resorts will require such documentation anyway upon check in.
Step 4
Get 100 percent of the money upfront. This ensures that you do not lose money because of a flaky renter who backs out of an agreement at the last minute. It is also advisable to request a ten percent security deposit, usually returnable 14 days after checkout, to ensure that the renter maintains a certain level of cleanliness and decorum and does not trash the place.
Step 5
Ask family and friends for advice. It is always best to rent to people you know personally. They are more likely to be trustworthy and less likely to back out of an agreement if they know that you have the means to hold them accountable. Family and friends may know of someone who is looking to rent a timeshare and may be able to provide further advice on timeshare rental brokers and rental programs as well as good places for you to advertise your rental opportunity.