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

gregg326 wrote:

I'm very interesteed in joining Redbook but I would like to hear feedback from Marriott Newport Coast Villa owners who have posted their units for sale and have listed their units for rent on this site. Good or bad, did you get a reasonable response to your ad and what price were you able to obtain?

The April and May rentals were terrible. I listed units for $799 to $1,400. No inquiries when the price was at $1,400. While I rented the $799 unit for $799, people offered as low as $500 for the week. I currently have a late May unit listed for $1,299 and three inquiries are as such: One offered $600 because I have the dates they want but they claim if they change their schedule they found someone who will charge $600 so I should agree to $600. Another person offered $800. The third person also offered $800 if I could provide different dates in June and refused to pay $1,500 when I said June was higher demand and higher price.

I still feel strongly if owners wouldn't discount at the last minute then guests would pay the higher prices. There must be a lot of owners who ask too much at first, then slash their price and guests are willing to out wait the owners.

I had two Aruba 2BR for April where I received only one offer for $1,200. I had severely discounted the unit to $1,800. I said no way and took the trip to use the two units. Both resorts were 97%-99% occupied and Marriott Newport is also a fully booked resort. How is it we're having difficulty renting units if the resorts are full? Someone is paying more. While I was in Aruba about half the people were owners, a quarter had secured huge discounts, and a quarter had paid a lot but they weren't interested in renting from an owner to get the discount... Maybe I just don't look trustworthy!