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Re: Successful Resales & Rental Feedback Wanted (by Beck):

adahiscout wrote:

As others have already indicated, it is against RCI and also II rules to profit by renting a week you secure with an exchange. What has always puzzed me is that anyone would want to try!

There would automatically be an exchange free plus a guest fee to cover in additon to your own normal costs for the unit you gave the exchange company. This means you must ask for a substantially higher rental fee than someone who actually owns the same week would need just to come out even. How can you compete? In all but the rarest of circumstances, this does not really make much sense.

Use, rent, or gift your own timeshare. MD

I'll give you a simple example. An II Member with a non Westin Kaanapali unit breaks their 2BR LO unit in half. With the 1BR deposit they manage to get a Westin KORV 1BR. Let's say they are paying $1,000 maint for their 2BR LO. They then rent the exchange unit at Westin for a paltry $1,300 (even now most 1BR Westin KORV rent for $1,200-$1,800 for an island view or without a guaranteed view). Technically they just covered their entire annual maint as well as the exchange and guest fee. Then they secure another 1BR unit using their studio deposit (It happens when people spend a good amount of time watching the last minute deposits in the sub 45 day window) at either a location they want to go to or a resort which is popular like the Westin and rent it out for a good price again.

Especially in the case of splitting your lockout, but also in other times when you secure a favorable exchange, people can do quite well renting out the exchanged units. This is hurting owners right now because their annual costs (at Westin KORV for example) are pretty high for the 2BR LO at about $3,000.