So you want to begin renting your timeshare? There are a few things you should know before getting started. Choosing the right company to help and understanding how to rent it is important. We’ve got all you need to know, coming right up. And, if you want to rent a timeshare, download our in-depth guide on perks and how-tos.
How to Rent Your Timeshare
There are various reasons why you might consider renting your timeshare. One is perhaps you won’t need it this year, and you don’t want the reservation to go to waste. In a 2016 ARDA study, it was discovered that over 1.8 million timeshare owners have unused time.
If that’s the case, you can definitely rent your timeshare, as long as your maintenance fees and loans are current on it. Additionally, you will need to confirm with your resort that you are allowed to check guests into your ownership without you being present.
Ready to learn how to rent your timeshare? Getting your timeshare out there is simple. It just takes a few easy steps:
- Confirm with your developer that you’re allowed to have guests use your timeshare
- Decide on the price and dates (if you have a fixed week timeshare, this can be simple, but if you have a points timeshare, consider renting all of your points or booking a vacation during a prime vacation time)
- Contact one of our Rental Experts–we create your ad and then, start finding you a renter
How it Works
Once you’ve decided you want to rent your timeshare, we will create an ad that shows the price, photos and amenities of the resort. Then, we get to work advertising your rental through social media, email and online search. You can provide your own resort photos for your rental, or we can provide them for you. Let us know all the details you’d like on your posting, and we’ll make it happen for you.
We target past renters and potential renters who might be interested in your posting. As soon as someone requests to rent your timeshare week or points, we let you know.
Generally, we’ll confirm with you to make sure your week is available and you’re still ready to rent it. Then, you’ll call your resort and let them know that someone will be checking in for your reservation. It’s that simple! It works a lot like letting a guest use your timeshare reservation.
How to Set The Price
The price of your rental is totally up to you. It all depends on what you’re willing to accept. We recommend pricing it competitively. That means doing research on similar options and pricing it to rent. If you’re having trouble, don’t worry. Of course, our rentals team can also tap into research for you to help you make the best decision. However, the end price is totally up to you! Many renters use the money they get from renting their timeshare to help cover maintenance fees or they add it to their savings. What you do with it is your choice.
Our team will help you get paid for your rental too in a secure way. Most renters receive their money after the timeshare vacation is complete.
How Long Does it Take to Rent My Timeshare?
Getting your rental posted takes less than a few days if we have all the correct information. If you’re curious how long it will take to find a renter, that depends. We do our very best to advertise to the right people. If you have a timeshare in Aruba or another tropical destination, those rentals tend to be requested often. It all depends on the price and time of your posting. Luckily, we do have a market of “tenants” who repeatedly rent with us. Not to mention, our top-of-the-line marketing team are experts in reaching prospective renters. Of course, this means you can sit back and relax once you’ve begun renting your timeshare.
Our full service rental program is equipped with travel agency experts who have been renting timeshares for over 15 years.