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Is Renting Out a Timeshare Realistic, and How Much can you Get?
31
Oct

Is Renting Out a Timeshare Realistic, and How Much can you Get?

Written by Nelli Margolit Be the first to comment!

Recently, we've been offering our clients the opportunity to rent out their timeshare weeks through English agencies traditionally involved in timeshare resales, Travel and Leisure Group Ltd and Timeshare Online. Let's delve into it.

 

Why Have Resale Agencies Started Dealing with Rentals?

It was quite logical for them to do so. Thanks to their work in timeshare resales, these agencies already had the technical infrastructure and structure in place:

- All the necessary software for processing, storing, searching, and monitoring offers,

- A website with a database to advertise offers, attracting buyers,

- A well-established relationship with resort management companies, enabling them to book accommodation for renters,

- A financial structure (escrow with a notary) for storing money received from renting clients, to be transferred to landlords after tourists check-in,

- A professionally trained staff with detailed information about resorts and sales expertise,

- A constant flow of potential buyers, including those who already own timeshares or are interested in buying.

 

For many years, agencies were afraid that offering rentals might affect sales. Why buy a timeshare if you can rent one? Only when prices for timeshare-class accommodation (rental housing and hotel apartments) significantly increased did they decide to do so.

 

Over time, agencies developed an interesting approach - if a buyer is uncertain about purchasing a specific timeshare, as a final argument before refusal, the agency offers a rental to ensure the correctness of the choice before purchase.

 

This strategy proved to be very effective.

 

Who Rents Timeshare Weeks?

The first clients interested in rentals were timeshare owners who want to sell their timeshare, which no longer meets their new tourist interests, and buy another. These clients rent additional weeks to their own.

 

The next category includes potential buyers who are uncertain, as mentioned above, to try before buying.

 

But it's not just potential buyers who rent timeshare weeks from agencies. Due to very high positioning and numerous listings from these resorts, search engines provide links to agencies even if you're just looking for information about apartments and clubs, even if the searcher doesn't know they are timeshare resorts.

 

Agencies decided to logically use this achievement to rent out weeks to tourists who are looking for accommodation in apartments in Spain, the Canary Islands, Malta, Cyprus, the coast of France and Italy, and alpine resorts.

 

What Can You Expect When Renting Through Agencies?

The prices offered on the website are slightly lower than those offered by Booking.com or Trip Advisor. Thanks to this, agency offers are interesting to consumers. However, this price is much higher than the membership fee and fully compensates for the costs of advertising in the agency and the membership fee itself.

 

Are There Timeshares That Aren't Available for Rent?

Currently, all types of timeshares (floating and fixed weeks, timeshares in the form of points) of any active resorts are available for rent. The resort must either have a specific address or, in the case of membership in a group of resorts, provide a list of resorts included in the group and the data of the central international office of the managing company that provides booking. The presence of a website for such a group of resorts is a mandatory condition. The resort must not be in the process of liquidation or have ceased to exist as a structure. There are no other restrictions.

 

Experience over the past few years has shown high efficiency in renting both small studios and large three-bedroom apartments, although demand for them was low five years ago. Now the situation has changed.

 

Who Needs Rentals Now?

People travel more actively through timeshares than through other types of tourism. Timeshare weeks are currently in high demand not only among owners but also among renters due to price and quality. Many prefer apartments with independent entrances, their own recreation areas, kitchens, and dining rooms, with the possibility of less contact with other vacationers. Timeshare resorts are more attractive than ever. The advantage of timeshare apartments over regular hotel complexes is significant and attracts more tourists because:

- Most apartments have a separate entrance, isolated from others,

- Many clubs are located in quiet areas away from tourist crowds and have their large territory,

- Apartments have their own kitchen, allowing to avoid dining in crowded places and only dine in outdoor restaurants or enjoy restaurant delivery on their terrace,

- Unlike private rental housing, apartment complexes are more strictly controlled and comply with sanitary-epidemiological requirements, and tourists are calmer to enter such housing.

 

What If Agencies Don't Rent Out the Week?

No agency can guarantee the rental of weeks, especially now when everything is changing so rapidly. We cannot rule out the sudden popularity of holiday weeks in a particular region or, conversely, another region falling out of favor. This is always the case in tourism. However, the current situation in tourism is such that staying in apartments with a separate entrance, with the same infrastructure as hotels but with a higher level of safety during holidays compared to renting private accommodation, has made holidaying in club apartments the most popular option compared to hotels and private accommodation.

 

Can Timeshares with Debts Be Rented Out?

You can rent out timeshare weeks even if there are debts associated with them. However, by the time a buyer is found, the debts must be paid off; otherwise, the management company will refuse guests entry or demand payment of your debt from them. While debts are not a problem, what could be a hindrance is if membership is frozen, suspended, or canceled due to significant debts. If you are unsure about the status of your membership, you can clarify with the specialists in the administrative legal department at This email address is being protected from spambots. You need JavaScript enabled to view it. , +39 306 588 188. Detailed information on membership fee rules can be found in our Blogs on the website in the article "If Membership Fees Are Not Paid and All About Membership Fees."

 

What Is the Efficiency and Perspective?

Notice how informative agency websites are. Detailed information about the resort, excellent reviews from owners, professionalism of consultants over the phone - all of this makes renting out your weeks almost a done deal.

 

Can Weeks Handed Over to Exchange Banks in RCI or Interval International Be Rented Out?

Formally, you no longer have these weeks, you have transferred them for use by other exchange participants. You only have the right to replace them with other weeks from the bank. Since you are not the owner of these weeks specifically, there is nothing for the agency to take from you for rental. But we have a solution for you. However, the conditions for renting out banked weeks are quite different. Our offer is especially valuable for those whose weeks expire after three years of storage. You just need to timely contact our travel department at This email address is being protected from spambots. You need JavaScript enabled to view it. , +39 306 588 188, provide the details of your card and the weeks of which timeshares and from which year you want to rent out from the exchange bank deposit.

 

If You're Interested in Renting, What Should You Do?

To have your weeks advertised on the website, you need to contact our deal support specialists at This email address is being protected from spambots. You need JavaScript enabled to view it. , +39 306 588 188, to provide the necessary details of your timeshare, agree on the price you want to rent it out for, and pay the agency's advertising cost for 12 months. You don't pay anything else, no commissions are taken from the rental. The agency receives commissions from the buyer. You receive the agreed-upon amount to the account you specify in the contract, which is sent to you when a tenant is found.

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