How to Rent Your Timeshare at a Fair Value
Can't use your timeshare this year? Want to rent your week out but don't know where to start, like how much to ask for and how to market your offer? Fear not, for you have stumbled into a handy little guide that will definitely get you going.
The first thing you want to do is decide how much rent you should ask for your week.
Some people try to break even for the year by listing their timeshare for rent for the amount of their annual maintenance fees, but if you really want to rent your week out, you have to offer it at a price that will get it rented.
At the same time, you also want to make sure you're getting a fair value of your timeshare week.
Determining a fair price for both you and your renter will involve some investigative work.
Call your resort as if you were a prospective renter and ask them how you can go about finding a rental and at what rates for the weeks you have in mind.
If possible, request a rate sheet showing the rental rates for all the season so you can compare numbers.
One week during a certain season can be worth more than another week in a different season at the same exact location.
Next, check the Sunday newspaper for the resort area and look for classified ads by realtors or individuals listing weeks available for rent at your resort and see how much they are going for.
Call realtors that have ads and ask them how much the rate would be at your resort (for your week, of course) to further get an idea of how much your timeshare week is worth.
Then do a Google search and look for listings for rentals at your resort.
Once you've gathered your data, you can adequately determine how much you should charge to rent your week.
Now you are ready to start advertising your offer.
What ever you do, don't ever pay an up-front fee to list your week for rent because you aren't even guaranteed to find a renter, and you'll just end up with a double loss (one your week, two your money).
You can advertise online for free at resale sites that see a lot of traffic.
There's Redweek.
com, TUG Timeshare Marketplace and MyResortNetwork.
com.
If you can afford it, you can also advertise in the newspaper in the real estate-timeshares section.
Or you can list it at auction sites like e-Bay or bidshares.
com.
The first thing you want to do is decide how much rent you should ask for your week.
Some people try to break even for the year by listing their timeshare for rent for the amount of their annual maintenance fees, but if you really want to rent your week out, you have to offer it at a price that will get it rented.
At the same time, you also want to make sure you're getting a fair value of your timeshare week.
Determining a fair price for both you and your renter will involve some investigative work.
Call your resort as if you were a prospective renter and ask them how you can go about finding a rental and at what rates for the weeks you have in mind.
If possible, request a rate sheet showing the rental rates for all the season so you can compare numbers.
One week during a certain season can be worth more than another week in a different season at the same exact location.
Next, check the Sunday newspaper for the resort area and look for classified ads by realtors or individuals listing weeks available for rent at your resort and see how much they are going for.
Call realtors that have ads and ask them how much the rate would be at your resort (for your week, of course) to further get an idea of how much your timeshare week is worth.
Then do a Google search and look for listings for rentals at your resort.
Once you've gathered your data, you can adequately determine how much you should charge to rent your week.
Now you are ready to start advertising your offer.
What ever you do, don't ever pay an up-front fee to list your week for rent because you aren't even guaranteed to find a renter, and you'll just end up with a double loss (one your week, two your money).
You can advertise online for free at resale sites that see a lot of traffic.
There's Redweek.
com, TUG Timeshare Marketplace and MyResortNetwork.
com.
If you can afford it, you can also advertise in the newspaper in the real estate-timeshares section.
Or you can list it at auction sites like e-Bay or bidshares.
com.