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Re: Successful Resales & Rental Feedback Wanted (by Mary L R.):

I just rented my 3 bdrm timeshare in Cabo for $2400. That more than covers maintenance fee and our airfares to Cabo for our vacation. We normally use two different 3 bdrm timeshares we own in Cabo...every year, back to back but due to a snafu, accidently booked them a week apart (one is an immovable fixed week so it was booking the second one for the wrong week that created a problem since we did not want to go for 3 weeks). How did I do it? Word of mouth is the best way . I called a friend who had been a guest of ours at the timeshare in a recent year ..and she called people she knew who might be interested. She could "testify" as to the beauty of our place, the time she had had there and the bargain it was at that price for a week. Got TWO people interested and we heard from another friend who also had been there herself expressing regret that the timing was bad but was interested in the future to rent it. I think one key to renting is having contacts with folks who travel, and in this case need a bigger unit for family members. We bought two timeshares which are bigger than most and thus we are not in competition for rental customers who could use a studio, 1 bdrm or even a 2 bdrm but HAVE to have 3 bdrooms or even more... There are fewer of them, and the renters expect to pay more than we can charge. Our places are penthouses ..top of their respective buildings with 3bd , 3bth, full kitchens, dining area, decks, hot tub/jacuzzi on private deck etc... We know that when we sell, we will lose a lot but by renting when we can (once we got $4000 for the week), we can mentally deduct the profit from the equity we put in and gradually offset that.