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Re: WALK AWAY FROM TIMESHARE (by Mary D.):
kathi32 wrote:=================== The resort organizations which we have encountered which would help you rent your units charged 30% to 35% of the rental fee. In some cases, they offered the week we provided for rent by the day and only part was used. Is this typical of the experience of others out there? MDmiriamj2 wrote:jons29 wrote:miriamj2 wrote:We bought a 4- bedroom unit at Orlando but unfortunately the resort doesn't have the facility to place for rent via the Resort management. I wish they did because sometimes we do not use all weeks and would like to rent. But thank you jons29 for the tip, I shall bring the issue with the resort itself as I have learned through friends and this forum that there are resorts that provide these facilities. We do sometimes feel like walking away from timeshares too!!! prices keep going up and up from the resort, the exchange company!!!Personally I would recommend trying to rent units yourself. Management usually takes a decent fee. Try listing on Redweek and/or other sites, along with a local newspaper ad, depending on your local. Just don't wait until the last minute and Sunday's are usually best.
Thank you for your advice. We are not Redweek members yet and like some of the testimonials I have read, we have not been that lucky to receive emails from people wanting to exchange the week we have posted; we are taking the free exchange promotion which has been extended until March 18. We had a bad experience with people claiming that they can rent/exchange our units, once they got the money, we never heard from them, they seemed so genuine, they made fools of us. We are members of Interval and sometimes we do not get our choices, we compromise most of the time. Should we become members of Redweek? your opinions are welcome
In my opinion, I'd definitely say yes, become a Redweek member, and list your unwanted week(s) for rent on Redweek, not with your resort, even if they have that program.
I own three weeks at a Marriott resort in HIlton Head, and have rented two of the three weeks for the past three years using Redweek, and occupied the third week myself. I've rented the two weeks for enough to more than pay the annual maintenance fees on my three weeks. The one year I gave one of my weeks to Marriott to rent, I recieved only $800. for the week. I know they rented it for much more money. When I rent the weeks myself using Redweek, I recieve $1800. for each week.
Why do I rent these weeks instead of trading them or using all three weeks? Because I still work, and my vacation time is too short to use all three weeks. When I retire we will use them, or trade to go to other resorts.
Redweek is inexpensive, and if you post your weeks early, they'll likely rent. I posted weeks reserved for over Memorial Day in January and I rented them in February this year, so the Redweek fee is well worth it to me.
Good luck,
Kathi