Woman Requests Timeshare Exit Refund After Deciding to Keep Condo.

Woman Requests Timeshare Exit Refund After Deciding to Keep Condo.

When it comes to vacation ownership, many people periodically enjoy their weekly interval before growing tired of its limitations. Whether this be booking concerns or boredom with the resort’s destination, it’s difficult for consumers to see the value once the initial euphoria wears off. Gisele Cabrera, a divorced mother of two, is one of these buyers. After making the purchase back in 2001 for a measly $13K, she was very pleased with the overall experience. Despite her satisfaction, she found herself asking for a timeshare exit refund from a third party company that persuaded her to offload her timeshare contract.

It’s very rare to see someone pursue cancellation without some sort of complaint. We’ve talked to hundreds of thousands of owners desperate to get out of a timeshare contract. But unlike many vacation owners, Gisele really had no qualms with the timeshare resort. In an interview with 7 News Miami, she even described the travel package as “affordable” because she was able to “swap it [interval] out with other timeshare owners.” So why would she pay thousands of dollars for a cancellation process she’d quickly regret? Like timeshare presentations themselves, the answer lies in the aggressiveness of the sale.

Last year, Gisele had finally paid off her mortgage and the only payment she was facing was for annual maintenance fees. When she signed the contract back in 2001, they were $200. Nineteen years later, she was paying $350. While vacation owners look forward to paying off their loans, many aren’t aware that annual fees never cease. In Gisele’s case, she was still looking at a $3500 additional expense over the next 10 years. This doesn’t include the possibility of a special assessment either. But it wasn’t the resort that explained this to her.

Third Parties Prey on Vulnerable Timeshare Owners.

Shortly after eliminating mortgage payments, Gisele was asked to attend a “meeting” regarding her timeshare. During the presentation, she was informed that maintenance fees were beginning to skyrocket and that she should be concerned. After the scare tactic elicited fear from the single mother, she recalls telling the salesman, “Maybe I can’t afford that.” This is all the presenter needed to hear. At this point, she was reassured that getting rid of the expense for good with their company was in her best interest.

At first, Gisele was hesitant to hand over $4K to cancel something that might eventually exceed her budget. But once the company told her the offer was only good for that day, she took the bait. She was extremely worried that this was her only chance to avoid a potential pitfall that could leave her handicapped financially. Unfortunately this is how many consumers are duped in the timeshare industry. The simple fact that Gisele wasn’t looking to cancel and still agreed to do so goes to show how compellingly convincing timeshare exit companies can be.

Changing Her Mind and Asking for Timeshare Exit Refund Was Still Costly.

A few days after her decision, Gisele concluded she had made a mistake. So she called the salesman to ask for the timeshare exit refund. But it wasn’t that simple. VOI Consulting Group, who seemingly has a good reputation online, responded by telling their client it was too late to change her mind. She recalls pleading with them saying, “I am not agreeing with this decision that I did. I don’t wanna do it.” Since her credit card was processed days prior to her outreach, she was certain a refund was attainable. “They have to charge me $4,000 for nothing? I don’t think that is fair,” she said. Unfortunately, her contract gave her no option to back out.

Eduardo Balderas, owner of VOI, told reporters that the company takes a lot of pride in their work and that their lawyer had already drawn up the paperwork. Aside from legal “costs,” he also stated they had paid for merchant fees, marketing and the sales team’s commission. All within a few days. Long story short, they had no intention of giving Ms. Cabrera any type of timeshare exit refund. 

This forced Gisele to work with the local news to mediate the situation. Since she didn’t actually go through with the deal or even start the cancellation process, VOI was talked into refunding the remaining balance they had yet to spend. While this was only $1,592, Gisele gladly took it.

The Negative Narrative on Timeshare Exit Companies Continues.

We’ll never know how much of that $4K+ actually was spent, but this story should be a fair warning to all timeshare owners. Nearly everything pitched within the industry is misleading. A lot of the sales lingo and product offerings are geared towards possibilities. If you’re going to listen to a pitch, then you have to be willing to question the information and research the company making the offer. If you’re unable to find conclusive evidence that the promised services are valid – or you are being solicited with aggressive sales tactics – then it’s always best to walk away

At VOC we believe in making sense of all the noise that’s spewed by the industry in order to help educate fractional owners. We do not believe in utilizing standard timeshare practices such as soliciting unsuspecting buyers or engaging in aggressive sales tactics like “today only deals” to acquire a new client. Unfortunately, many exit services give the industry a bad rap by mirroring these distasteful and unethical techniques of the timeshare industry. 

We are simply here to serve those seeking assistance with unresolved timeshare complaints. Timeshare cancellation should be an owner’s last resort and only pursued after they’ve exhausted all viable options. If you’d like to learn more about our attorney based process, you can schedule a free consultation at any time.

Timeshare Exit Options Pay Endorsers to Increase Team’s Credibility

Timeshare Exit Options Pay Endorsers to Increase Team’s Credibility

For most timeshare owners, finding a way to get out of their contract is a grueling experience. By the time buyers are ready to abandon the resort’s ship, it’s usually a challenge for them to know who to trust or where to turn. Although a good portion of timeshare exit options are all talk, the lack of consumer trust normally stems from the resort experience as a whole. When a prominent hotel chain has the nerve to swindle them, they’re almost certain others will.

It’s not easy for the average Joe to understand what buyers experience before they see that the expensive timeshare purchase as a mistake. Many spend thousands of dollars trying to make it worth it. Others even try to recoup some of their losses through resale opportunities with no prevail. For the most part, fractional owners are sold on possibilities, but often left feeling used or betrayed by the empty promises. It’s difficult for them to let it go.

By the time buyers realize that terminating a timeshare agreement is worth considering, their skepticism is at an all time high. But can you blame them? Aside from the fear of being taken advantage of, the sheer number of timeshare exit options alone can be quite overwhelming. Deciding which will be the most beneficial is something fractional owners are rarely able to do on their own.

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You see, many relief agencies use the same sales tactics as timeshare sales teams do. They smother unhappy buyers with promises and empty guarantees in order to lead them into another vague, impulse decision. But some have discovered – even from the beginning – that consumers value products and services that are seen as a trusted commodity. When you think about it, the easiest way to get people to believe in a timeshare exit team is to pay famous people to endorse it. Specifically, celebrities that most timeshare owners know and appreciate.

How Paid Endorsements Aid Timeshare Exit Teams.

If you’ve taken the time to analyze your timeshare exit options, then it’s highly probable that you’ve come across Reed Hein and Associates’ Timeshare Exit Team. This operation has been spending excremental amounts of money on radio advertisements and weight-carrying public endorsements for a while now. Since they have a catchy company name, it’s easy for disgruntled buyers to remember where to turn when they feel relief is necessary. Especially if a financial guru gives the Exit Team a plug.

The Dave Ramsey Timeshare Exit Option

When timeshare owners find themselves in a financial pickle, one of the many places they turn to is Dave Ramsey’s Financial Peace University. If you’ve ever taken one of Dave’s classes or purchased one of his products then you’ll know that he spends a lot of time warning people about timeshares. Although his message is geared more towards people looking to prevent or escape the burden of debt, he helps a multitude of people realize that the pursuit of an enjoyable timeshare experience is nothing more than chasing a mirage.

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Because of his straightforwardness towards fractional ownership, Reid Hein and Associates saw him as the perfect spokesman for their newest venture in the timeshare cancellation industry. For years now, they’ve been paying him to market their product and endorse their solutions. While he doesn’t specifically explain the Exit Team’s specifics, his influence leads masses of consumers to believe they’re by far the best option.

Since Mr. Ramsey talks a lot about why he doesn’t believe in vacation ownership, Timeshare Exit Team doesn’t exactly have to do much persuading. Because his recommendation carries authority, it also allows them to avoid explaining their services. But even Dave’s personal recommendation seems a little biased. “If you own one and feel stuck, Timeshare Exit Team provides a way out. They’ve been doing this for over 7 years, have successfully exited THOUSANDS of MY listeners, and are the ONLY exit company I recommend.” Either way, many timeshare owners pay the Exit Team, without asking any questions, because Dave said so.

The Timeshare Exit Team Steve Harvey Endorsement Ploy.

When it comes to Timeshare Exit Team, leveraging Financial Peace isn’t the only way they’ve been able to capture the owner’s attention. Steve Harvey has also been a long advocate for the Exit Team. Aside from his ability to influence minorities (specifically the African American community), Harvey has also been a staple as the host of Family Feud amongst other ventures. He’s commonly known as a well respected man that only endorses quality companies.

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Reed and Hein’s decision to use both of these gentlemen was a great idea, but it doesn’t mean they’re the best in the business. Since our goal isn’t to bash our competition, we encourage you to shop the estimates you receive to ensure you’re getting the best deal. Just because a famous person says they’re trustworthy, it doesn’t mean all cases result in positive outcomes. If you take the time to read through reviews and complaints, it will tell you a lot about the actualities of the service. When endorsers are getting paid to praise, you can’t exactly expect them to shed light on the negative side of things.

Other Timeshare Exit Options Pay for Endorsements Too.

In the internet realm, you can find nearly anyone with a following that aligns with your agenda. Another influential person in today’s digital marketplace is a man by the name of Steve Sanchez. His radio show and podcast has been deemed, “Water-Cooler Talk on Steroids” and generally consists of strong Christian views for a conservative audience. His special appointment listening and viewing allows him to make listeners feel as though they’re apart of something and only fed the truth.

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Since the Steve Sanchez Show has been around for nearly 30 years, he has plenty of influence. This is why Wesley Financial Group decided to take a page out of Reed Hein and Associates’ book and pay Sanchez to make a similar statement about their timeshare exit options. While it almost seems like cheating, it’s easy to understand why so many people buy in. His aggressive mentality motivates people to take action and Wesley Financial could surely use the boost.

Laura Ingraham Was Paid to Help Resort Release Recover.

Even the “most listened to woman in political talk radio” joined in on a kickback campaign. Resort Release, who has been known by multiple different aliases ended up recently paying Laura Ingraham for a personal recommendation. Like the other “celebrities” mentioned in this article, it’s highly unlikely Ingraham knows much about the timeshare exit option. But since she has thousands of followers and an in-demand voice, the relief operation couldn’t help themselves. This occurred just before their well-known bankruptcy filing in Florida in an attempt to escape multiple lawsuits filed against them by timeshare giants. We’ll call it one last gasp for air.

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Choose Timeshare Exit Options Wisely.

Although paying influencers to market a product or service is becoming more common, consumers are starting to see through the noise. There’s a difference between endorsing something you like or use and something you’re paid to promote. While the strategy can be effective, it’ll be difficult to sustain if the service isn’t superior. As we’ve covered in other articles, the timeshare industry is riddled with people telling you what the best timeshare exit options are. Whether review websites are paid for leads or resorts pocket from kickbacks, doing your homework goes a long way.

At VOC, we believe in an authentic approach. We’re not in business to persuade people we’re the best, we’d rather show you. While it may be difficult to know who to use or where to turn when it comes time to exit your timeshare, try to eliminate the noise and make a decision that’s best for you. Anyone that needs to pay someone to be seen as a trusted commodity should be questioned extensively. To learn more about our attorney based exit process, you can either schedule a free consultation or proceed with the qualification form below. 

Marriott Vacation Club Class Action Lawsuit Claims Buyers Were Defrauded

Marriott Vacation Club Class Action Lawsuit Claims Buyers Were Defrauded

In recent years, the successful litigation of major timeshare resorts has really opened the eyes of many consumers. But as fractional owners increasingly voice their displeasure with the way the purchase plays out, resorts continue to find new ways to retain their users and find new buyers. While one might assume timeshares have altered their strategy to better satisfy customers and keep up with travel trends, it couldn’t be further from the truth. In reality, they’ve simply altered the product itself to better benefit themselves. One of the first cases to confirm this pivot was a Marriott Vacation Club class action lawsuit in 2016.

Despite the need to create a more appealing product, we have to go back to the real estate market crash to really understand the depth of Marriott’s alleged deceit in this case. This period of time left the hotel chain with an inventory full of foreclosed and unused condos throughout the country that they needed to get rid of. Since the market was scarce and many current owners wanted to get out of contracts, Marriott adopted a points program that promised beneficial interest and land trusts to potential buyers. The problem was, a Florida company named First American Trust was the actual trustee of the land that held all of the timeshare properties.

Why this Timeshare Lawsuit has a Strong Case.

Despite only being able to offer licensing to use the timeshare properties (because they were owned by affiliate businesses), Marriott told potential buyers they could purchase a title that included interest in a land trust. In reality, the new points program simply gave “owners” access to condos that were held in the land trust. Throughout all marketing efforts, Marriott placed value on owning more points to gain even more access. This led buyers to believe the opportunity was valuable. By positioning the product this way, Marriott was able to not only charge buyers for points programs, but also closing costs, title policy premiums, real estate tax and recording fees. 

Over the course of the buyer’s ownership experience, it appears Marriott did a poor job of providing transparency regarding the purchase. Although the points program wasn’t “illegal” itself, Marriott should have never charged buyers for something they’d never be able to acquire. After the purchase, members of the lawsuit claim they never really understood what they paid for. Even the ownership percentage of their trust fluctuated on a daily basis. 

While Marriott was able to manipulate the system for quite some time, buyers eventually grew tired of the lack of disclosure. They decided that filing the Marriott Vacation Club class action lawsuit was the only way they could escape the scheme. Amongst a plethora of complicated evidence against the hotel chain, allegations essentially stemmed from the initial point of sale.

More Details on the Marriott Vacation Club Lawsuit.

While it became apparent that the complainants, buyers, had definitely been misled by Marriott, additional parties involved also administered misconduct. After an investigation, it was found that the former Orange County Comptroller, Martha Haynie, accepted and filed deeds that didn’t exist. This is what led buyers to believe title costs were valid. Because of this, she was also listed as a defendant in the lawsuit. First American Title’s role started when they charged Marriott to write title insurance policies without any type of legal title documentation. 

Selling this type of product and going extra lengths to attempt validation is usually considered criminal activity. It’s why the Marriott Vacation Club class action lawsuit didn’t have to focus on much outside of Florida law violations. While it may have seemed like a good idea at the time, Marriott and those involved in the transaction faced racketeering charges. 

Over the years, it’s been proven that some timeshare companies will do nearly anything to recoup losses. Participating in questionable sales tactics is how many have been able to remain afloat for so long. Hundreds of thousands of vacation owners have been told one thing and sold another. It’s why we’ve made it a priority to help you understand the traps of the timeshare trade. 

This Marriott Vacation Club class action lawsuit should tell you that even the most prominent resorts may have something up their sleeve. So be careful what you’re signing up for and always confirm the terms.

Misleading Booking Fees Spark Lawsuit vs Hilton by Nebraska’s Attorney General

Misleading Booking Fees Spark Lawsuit vs Hilton by Nebraska’s Attorney General

Over the last decade, the travel industry has increasingly seen more and more lawsuits rule outside of their favor – specifically for timeshare companies. The disappointment of the expensive product usually encourages many buyers to look for a way out. Either way, when you look at all of the legal battles within the marketplace, most defendants are represented by major hospitality chains, somewhere beneath the corporate umbrella. Earlier this summer, Hilton found themselves back in the headlines as they’re under pressure from Doug Peterson, the Attorney General (AG) in Nebraska. 

Unsurprisingly, this lawsuit is very similar to Marriott’s battle with Karl A. Racine, the Attorney General of Washington DC – that was announced two weeks prior. The latest litigation effort goes to show consumer protection agencies are determined to crack down on hotel chains that manipulate online booking prices. Because of the cut-throat competition of the travel industry, resorts have been known to lower promotional prices while increasing mandatory booking fees. This makes it extremely difficult for consumers to know which hotel actually has the best deal. 

Like maintenance costs for timeshare owners, resorts basically charge whatever they want for add-ons and fees during check out. While it’s made them a lot of money in the past, it seems as though it won’t be tolerated any longer. Peterson is seeking injunctive relief that requires Hilton to market hotel rooms with actual prices and repay Nebraska consumers for damages. The lawsuit also asks the court to force Hilton to cover court costs and investigation expenses while being held responsible for $2K in statutory civil penalties for every violation incurred.

Resorts Have Manipulated Prices with Fees for a While Now.

Dating back to 2012, it’s been well-documented that the Federal Trade Commission (FTC) has been heavily involved in warning hotel chains about manipulating booking fees and room prices. From writing letters to creating a special task force to publishing reports – they’ve given hospitality conglomerates plenty of opportunity to pivot away from deception. Unfortunately, Hilton, Marriott and others aren’t going to fold that easy. 

According to some reports, they’ve already begun looking for loopholes that claim booking platforms and third parties are outside of their control. In other words, they don’t believe they’re liable for the misleading booking fees and prices that frustrate aspiring travelers. But Peterson isn’t buying it. “[The] defendant is liable for this practice, regardless of whether the property charging the resort fee was owned, managed, or franchised by Defendant, as Defendant’s own policies strictly control which properties may charge resort fees, under what circumstances, and in what amounts.” In other words, they should be held accountable for their actions.

While a win for each Attorney General would be a huge boon for those burdened by hidden, mandatory booking fees, it’s also a win for the travel industry as a whole. A small victory here could mean it’s only a matter of time before all price manipulation tactics are removed. One can only assume the framework is being set. There’s no one else that this would impact more than fractional owners. Maintenance fees and special assessments plague their mailbox every year. Due to a lack of disclosure, some refuse to pay these and walk away. Sadly, this creates even more fees and penalties that handicap them financially for a long time.

While improved technology has given travelers an ability to document and leverage misconduct online, the main reason legal battles are starting to rule in the consumer’s favor is what’s learned from previous lawsuits. The more informed everyone becomes, the better all of our travel experiences will be. It’s why we’ve committed to sharing as much as we can about the perks and pitfalls of the industry.

Can I Rent My Timeshare? The Reality of Mortgages, Fees, Cost and Return.

Can I Rent My Timeshare? The Reality of Mortgages, Fees, Cost and Return.

The timeshare resale market is often viewed as an area of opportunity for vacation owners to “make some money” when times get tough or they grow tired of their interval. Nearly every day, we speak to someone wondering, “Can I rent my timeshare when I can’t use it?” While those posing this question are sometimes convinced they can profit off of something that has inevitably failed them, most simply aren’t sure what’s true. Like we’ve mentioned in previous articles, this oblivion is mostly due to the deceptiveness of the initial sales presentation

During the purchase itself, many buyers are told they can easily resell, rent or even refinance the purchase at some point if it better suits their needs. A number of things are strategically communicated to prospects in order to put them at ease about the perpetual commitment. Even when some buyers ask the right questions, sales teams know how to respond in a vague manner while using perks and possibilities as a distraction to concerns. Floating the idea that buyers can effortlessly resell or rent a timeshare is down right criminal to say the least. But resorts aren’t the only entities that deceive fractional owners.

The Idea of Timeshare Rental is Meant to Seem Promising.

When consumers find supporting misguidance from resale programs or bias timeshare resources, it encourages them to waste a tremendous amount of optimism and capital on something that was never truly opportunistic. While the message relayed might seem promising, it’s hardly true. Buyers should already be leery of this after the timeshare presumed expectations that didn’t match the experience. Any fractional owner or person intrigued by vacation ownership should look at all information about timeshares as questionable at best.

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Let’s make one thing clear, we’re not here to persuade you that our perspective is better or that timeshare cancellation is your best option. We simply believe that owners deserve to know how to critically analyze what they’re told regarding a purchase of this magnitude. If you’re really wondering, “Can I rent my timeshare,” then you ought to know what you’re actually getting yourself into. In order to explain what the timeshare rental process really entails, we have to be able to look at the entire picture. This way, you’ll be able to see that our perspective is valid and that intent isn’t to mislead you further.

3 Types of People That Buy into Renting Timeshares.

If you took the time to poll every owner that tried to rent out a vacation property, a majority of them would tell you to avoid the attempt at all costs. We know this because a good number of them eventually call us. When buyers initially experience remorse, they normally consider selling the timeshare first. This is because they mistakenly believe the property is an asset and holds value. But once they realize getting rid of a timeshare just isn’t that simple, renting tends to always be the fallback plan. 

Unfortunately, the decision to continue pursuing resale by leasing intervals is usually a costly one. While many fall into the timeshare rental trap out of desperation, there are others that truly believe renting their timeshare is a great idea. Below, we do our best to give you an idea of their reasoning and motives. Challenge yourself to see if you fall under one of these categories. If so, try to honestly justify your optimism by the end of this article. 

1. Gullible Owners that Don’t Challenge Sales Pitches.

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The biggest income opportunity for timeshare companies is vulnerable buyers. While many new owners believe the sale is over once the contract is signed, it most certainly is not. The sales cycle for vacation ownership never ends. Because of this, gullible buyers are often preyed upon throughout their ownership experience. These types of people often paint a target on their backs for their willingness to say “yes” to resort upgrades or suggestions. Sadly, most of these recommendations only benefit the timeshare or its affiliates.

When they repeatedly do as they’re told and trust the pitch instead of investigating every solution, they often find themselves in a lopsided situation they can’t escape from. If you’re asking the resort, “Can I rent my timeshare,” you have to understand why they’re going to tell you “Yes.” Using their resale programs allows them to continue collecting your payments with the potential to make even more money off of your inconvenience. The same goes for third party rental platforms that promise you returns.

Those that are easily persuaded – by either or – rarely last long as owners due to the contractual binds they place themselves in. After maximizing options in an attempt to “fully enjoy an experience” they’ve yet to receive, many have little to show for it. When they reach back out to the resort for guidance, many are sold on points programs or the concept of selling or renting timeshare weeks to make some of their lost money back. These people often have the money to spend, but no cognizance of how they’re being taken advantage of. The elderly normally reside in this category.

2. Owners that View Timeshare Rental as a Saving Grace.

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While many timeshare owners look to leasing because of an overall disappointing experience, some have no choice but to decrease their overall spending. Whether vacation ownership was the culprit for financial hardship or not, all fractional owners end up paying more than they budgeted for. This usually causes unexpected financial problems for those who had no business owning one in the first place. 

In case you didn’t know, resorts specifically target low income households because it allows them to hold the user hostage when funds run out. These types of people are easily persuaded because vacationing is currently considered wishful thinking. An impulse purchase usually transpires when they’re offered free gifts and “once-in-a-lifetime” vacation packages that seem to be affordable. But once they realize they’re in over their head, they frantically look for a way to recoup any of their losses just to stay afloat. 

Whether broke vacation owners desperately try to rent their timeshare through a third party or the resort itself, they’re often relieved by the promises they receive. Some are so ecstatic about the possibility of offsetting their costs that they blindly pour more of their precious capital into advertising in hopes of expediting the timeshare rental process. When timeshare renters or buyers never surface, the outcome is monetarily devastating for those already low on cash. Look, if you’re struggling to keep up with payments, leasing the property will never be your saving grace. There are just too many retail travel options to compete against.

3. People Who Buy Timeshares With Intent to Rent Them Out.

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Over the years, we’ve spent an awful lot of time analyzing online searches regarding timeshare ownership. When it comes to the search phrase, “Can I Rent My Timeshare,” we found that some inquiries are performed by aspiring investors. The problem is – like we said before – the online guidance regarding timeshare rentals can be quite misleading. This causes a number of aspiring entrepreneurs to pull the trigger on what seems to be a promising opportunity with an easy return. 

At the same time, multiple timeshare purchases aren’t always pursued as initial investments. First time buyers with high income levels often purchase additional timeshare packages with the intent to rent when the initial purchase doesn’t work out. They believe a quantitative approach will increase their chances at usage while they make money on unusable intervals. While this may seem like a smart solution to a less-than-stellar timeshare, what happens when you can’t rent or get rid of either property?

What ends up happening is, the financial competence of these types of buyers allows them to be patience while they await a sale. Most view timeshare rental or resale like that of selling or remarketing a house. But it’s nothing like that. Although a lack of interest during the first 6 months may seem normal to them, a year or more of no return can financially cripple their aspirations. The demand for vacation ownership isn’t anything like the residential real estate market – and it should never be viewed that way.

When you assess the reality of timeshare sales, people end up buying because they’re aggressively sold or misled about investment return. Nobody – besides the resort, resellers or investors – are looking to rent a timeshare. They’re looking for those asking, “Can I rent my timeshare,” because they want to take advantage of their desperation so they can make money. Trying to make supplemental income on something people aren’t looking for is a good way to lose a lot of money. Truth be told, many owners can’t even get rid of timeshares for a dollar

The Disadvantageous Cost of Renting A Timeshare.

Since we’ve hit you with a lot of hypothetical scenarios thus far, we can understand if you still think you can successfully rent a timeshare. So, let’s take a look at some of the disadvantages that renting brings before breaking down how much it will more than likely cost you to try.

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1. A Large Investment of Time and Money.

Once owners begin the timeshare rental process, they’re normally caught off guard by how much time it takes them to setup the listing. Not only will you need to provide ample descriptions, a list of amenities and up-to-date imagery, but you’ll also have to manage availability and booking. Although the initial listing cost is fairly cheap, costly upgrades are usually offered to help you with setup and increase the exposure or appeal of the property. 

While every rental platform is different, most recommend advertising to improve results. What was originally viewed as an easy way to profit off of an unused week can quickly add hundreds of dollars to your monthly timeshare expenses – with no money earned. This is especially frustrating when buyers spend countless hours managing their listing.

2. No Guarantees Should Catch Your Eye.

Even though a timeshare rental pitch may sound great, you have to understand that nobody can make promises regarding resale outcomes. Unless there is some sort of money-back-guarantee in writing, you can’t buy into the things you’re told. Far too many owners confidently partake in rental opportunities without much thought because they’ve been reassured the result will be favorable. But even when resale reviews seem positive, you have to learn to separate sales pitches from reality in the timeshare industry. Like most relief options, they’re nothing more than a revenue ploy.

3. Timeshare Rental Scams Are Real.

This disadvantage is pretty self explanatory. Whether you’re looking to rent a timeshare due to dissatisfaction or supplemental income, predatory agencies are built to collect payments and drag out the process. Since most scams are run by former timeshare employees, the operation knows how to dupe and persuade vulnerable owners. They know how to create phony company information so they’re perceived as a valid business with a reliable reputation. Like resale and exit fraud, rental scams should concern you.

4. An Unwarranted Peace of Mind.

One of the most overlooked elements of misleading timeshare rental practices is the simple fact that most owners believe they’ve found resolve. In the midst of financial hardship or extreme inconvenience, they temporarily feel as though they can see the light at the end of the tunnel. Sadly, many continue the cycle of regret when they’re left feeling duped and betrayed by another entity that promised relief. Creating peace of mind with empty guarantees while the owner makes payments is pretty low.

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Breaking Down the Actual Cost of Renting Timeshares.

When you take the time to analyze the overall expense of timeshare remarketing, it can be quite staggering to say the least. In this example, let’s assume the aspiring renter pays around $4500 per year for their mortgage, maintenance fees and special assessments. We believe this is a generous number (below average) which breaks down to about $375 per month. If the owner were to spend $1000 on remarketing setup, management and advertising, it would add $83 to their monthly total ($458). If they purchased an additional timeshare interval with the intent to rent the property, then we can double this total ($917). 

After inspecting some online reviews for “successful” rental solutions, we found that most happy owners typically waited at least 6 months before they saw results. This means, the average reseller spent nearly $3000 before any transaction occurred. While they may have collected a few thousand for the week, they’re still on the hook for the remaining balance. If you owned 3 properties and only rented one interval then your expenses could be extremely one sided – and not favorable by any stretch.

Keep in mind, this scenario is assuming you find someone to lease the timeshare. If you’re experiencing financial hardship, you can see why this isn’t a wise choice. If you’re purchasing multiple units with the intent to rent or sell, then you’ll be digging quite the hole to kick off your investment project. If you don’t take the time to research the purchase initially or any other option throughout, you could find yourself swimming upstream for quite some time.

average-joe-looking-to-make-money-off-of-timeshare-interval-but-slowly-realizing-there-is-no-way-he-can-be-profitable-needs-more-coffee-and-some-reassurance-that-canceling-is-his-best-option

So Do I Rent My Timeshare or Not?

In conclusion, renting timeshare intervals is one of the biggest mistakes fractional owners make. While you may not value what we have to say – because we specialize in terminating timeshare contracts – we hope this article has given you some insight on the reality of reselling your perpetual property. We understand that a number of third party agencies and biz operations have had success with timeshare rentals, but it doesn’t necessarily mean you’re equipped to experience the same. 

Many of these resale companies know how to prey on desperate timeshare owners, purchase intervals for nothing and target unexpected consumers with what seems like amazing deals. Unless you’re a con artist yourself, it’s going to be difficult to compete with these guys. They know how to publish mass income opportunities and “stay at home jobs” that attract uninformed consumers – you don’t. In most cases, you probably don’t even have the capital available to pull it off. Even Disney timeshares, that are high in demand, are hard to resell or rent on your own. 

If you really think, “I can rent my timeshare and make some money,” we encourage you to explore other options. Instead of waiting years to master the process and coup a few thousands dollars, you could cancel the timeshare agreement altogether and move on. What could potentially turn into a loss that exceeds tens of thousands of dollars could eventually be avoided with a one-time-payment that’s significantly less. 

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