Timeshare Renter FAQ

Timeshare Renter FAQ Related Information:

FOR THOSE WISHING TO RENT OUT THEIR TIMESHARE

What is the benefit of renting my timeshare?

By renting your timeshare you can make your investment work for you by enabling it to put money in your pocket. Renting your timeshare should give you enough to pay the annual maintenance fee and leave you with some spare cash over and above that, making it a financially viable option.

What sort of people would want to rent a timeshare such as mine?

Families and couples that want to enjoy a little luxury and privacy often look to rent timeshares. Many people cannot raise the finance to buy their own timeshare, but still want the luxury of a timeshare apartment or house when they are on vacation. Rather than have to pay out for expensive hotels in order to enjoy a little decadence, they look into timeshare rental instead. Renting a timeshare is particularly popular with larger families that would normally have to pay a fortune on hotel fees for the whole family.

How would I go about renting my timeshare?

You should look for a reputable timeshare rental agency, and the agency will market your property/time to potential renters increasing the chances of getting you the rental fee you want and getting renters into your property so that you don’t lose money. You can market and rent it out yourself, but people are more likely to rent and feel more comfortable renting through a reputable agency.

How do I know what sort of rental to charge on the timeshare?

You can check comparable timeshares that are being rented out in order to get a guide on what price to charge – and remember to take into account factors such as the location of the property, the state and quality of the property, the local amenities etc. You can also ask the rental agency with which you advertise the property for further advice with regards to rental pricing.

What about any damages incurred whilst someone is renting my timeshare?

You can make arrangements personally with the renter to ensure that any damages are covered in the event of such situations. If you rent your timeshare out through a reputable rental company a major credit card is normally secured prior to the renter accessing the property, and this provides a safeguard to repay any damages caused.

If I am selling my timeshare should I put it up for rent in the interim?

If you can, it is a very good idea to put it up for rent in the interim. Not only will this put money in your pocket and hopefully cover the maintenance fees whilst you are waiting to make a sale, but it could also result in potential buyers that are renting timeshare to get a taste of what it is like on order to make a firm decision about buying.

FOR THOSE WISHING TO RENT A TIMESHARE

What is the benefit of renting a timeshare rather than paying for a hotel?

There are many reasons why timeshare can prove far more enjoyable and effective than staying at a hotel. You can enjoy a choice of properties when looking at renting timeshares, and you can enjoy more space, more privacy, and better amenities. Your vacation will be more like a home from home, and if you have been thinking of buying a timeshare renting one will give you a taste of what to expect.

What if the property gets damaged whilst I am renting?

It is best to make arrangements with the person renting the timeshare out to you prior to your vacation, so that you know where you stand in the event of damages. If you rent through an agency, you will probably need to register a credit card as security against any damages incurred whilst you are there.

Will renting a timeshare work out more expensive than staying in a hotel?

This depends on a number of factors. If you normally rent the penthouse suite at a five star hotels, then it will work out cheaper. Likewise, if you normally rent out rooms for the whole family, and you have a large family, then renting can work out cheaper. If you normally rent a cheap motel and there are only two or three of you, then it is probably going to more expensive, but you get what you pay form, so you will be able to enjoy a little luxury, privacy, and excellent resort amenities.