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Re: What keeps you from using Redweek Exchange? (by Mike N.):
elizabethl98 wrote:Redweek folks, how do you plan on getting people to stop listing their weeks for rent, and start depositing them for exchange?
Owners who rent out their weeks usually do so because they can cover their MF and maybe make some profit. Many people own several high demand timeshares that they use striclty for renting. In my case, I own a timeshare that I've rented for that past few years. It covers the MF and a little extra to help with the MF of my other units. In fact last year, I rented two units that paid all my MFs for the year and I still went on two weeks of vacations.
If I do not get a renter, then I will use it or deposit it. Whether or not Redweek gets my deposit is based on what they offer for value and what they offer for exchange. At this point, I do not deposit because there is nothing that I can get that won't end up costing me additional money. Of course if Redweek is willing to pay cold hard cash instead of "points", I will gladly deposit my TS into their system :).
elizabethl98 wrote:How do you plan on getting more weeks and more "prime" weeks & destinations listed for exchange? Do you have a business plan, and would you share it with those of us who really like your model, and have "bought in" to the tune of 2300 points?
It's the ultimate catch-22. Until the exchange availability increases, people are not going to deposit their prime weeks. Until prime weeks are deposited, inventory will be limited.
Also, you don't have the ability to put in a search like you do with II or RCI. You can get notified if a week is deposited, but by the time you get online to complete an exchange, that week could already be gone.
You may want to keep an eye out for people looking for rentals. You may be able to use some of your 2300 pts to book a week, then rent it. Unless the ploicy has changed, you can rent out a RedWeek exchange.