Timeshare owners may be interested in renting one of their weeks that they are not planning to use. Whether sometime has come up over your regularly scheduled vacation time or you would simply rather stay home this year, you can always
rent timeshare property and make some money off of your missed vacation. You could earn as much as a couple thousand dollars just by renting that week that you're not planning to use anyway. People from around the world rent timeshare units at various resorts especially during prime season for the area. While this may seem like your best option, it can be confusing to get started when you have never rented your timeshare weeks before.
Ability to Rent
Before starting the rental process, you must find out from your home resort whether or not you are technically allowed to rent it. Some resorts prohibit your ability to rent your timeshare, whether they were bonuses or your regularly scheduled weeks. Be sure to look at your original Deed and paperwork to the timeshare to see if renting is mentioned. Contact your home resort to ask them about renting your unit. If it is allowed, see if they have any recommendations about where to list the property or if they can rent it for you.
Renting Through Your Resort
One of the easiest ways to rent timeshare property is through your home resort. If they offer this option, they will take care of all of the advertising and finding a renter for you. Typically, you will receive the majority of the profit made, while the resort takes out a cut for their work. For example, you may get 75% of the rental fee while the resort takes 25% out. Because you are eliminating all of the work, this is a great option.
Renting Timeshares Yourself
When deciding to rent the timeshare yourself, call your home resort anonymously and ask for their current rental rates, along with a rate sheet and contact numbers for agents that typically list their properties. Now that you have a good idea of how much you can get for your timeshare rental, contact a listing agent who can assist you in getting the word about your rental out there. If you'd prefer not to use a listing agent, post your rental in classified newspaper ads and on vacation rental websites.
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