In's And Out's Of Managing Your Timeshare
by Charles Cater on 2007-09-22
Alright so that salesman on the free-trip got to you and you purchased that timeshare unit. So now what do you do with the unit, the salesman said that this would reduce my yearly expenses and pay for itself in the first five years of ownership.
How do I make this new investment work for me to get the most out of it. You have several options at this point in your vacation club ownership. You could rent your Timeshare, as the week that you own belongs to you just as your home belongs to you. You could use your week as your yearly vacation destination. Or you could post your timeshare with one of the major trading companies (Interval International, or Red Week). Just what to do.
If you enjoy the location of your timeshare, which you had better because you own it, the best thing to do at the start is to use this unit. You are evidently making payments on the unit and probably can't afford the additional expense if the unit should not rent as it was advertised to do, this will also give you the ability to talk with authority on the benefits of your chosen destination to later renters.
Your second option should be to trade the timeshare into Interval International or one of the other major trade companies. By trading in your week you will be allowed to select other destinations to visit. This is an extensive listing of locations and will afford you a different view than your home resort. Visit http://www.travelblogger.info to see current destination trends and rebates.
So you have now traded your week last year and are not really interested in going to your “Home Resort”. Your timeshare company only allows trades on alternating years. What can you do? exercise option number 3, renting your timeshare. Be aware that you only have about a 50% chance of the unit renting so if this is your option please don't bank on the incoming money.
Now do a little research by looking up your resort on http://www.redweek.com and finding what other owners are currently renting their weeks for at your resort. Then be prepared to post your timeshare on the local rags for your resorts. Also list your timeshare on http://www.RedWeek.com, and begin your wait on the rental.
Following any of the routes above will allow you to enjoy your timeshare ownership. Selecting carefully you can plan on only visiting your home resort once out of every three years. You can also allow the timeshare to pay for itself if you master the art of renting your week. Get this rental about 75% occupancy and you will be able to make the salesmans story ring true.
Charles Cater
How do I make this new investment work for me to get the most out of it. You have several options at this point in your vacation club ownership. You could rent your Timeshare, as the week that you own belongs to you just as your home belongs to you. You could use your week as your yearly vacation destination. Or you could post your timeshare with one of the major trading companies (Interval International, or Red Week). Just what to do.
If you enjoy the location of your timeshare, which you had better because you own it, the best thing to do at the start is to use this unit. You are evidently making payments on the unit and probably can't afford the additional expense if the unit should not rent as it was advertised to do, this will also give you the ability to talk with authority on the benefits of your chosen destination to later renters.
Your second option should be to trade the timeshare into Interval International or one of the other major trade companies. By trading in your week you will be allowed to select other destinations to visit. This is an extensive listing of locations and will afford you a different view than your home resort. Visit http://www.travelblogger.info to see current destination trends and rebates.
So you have now traded your week last year and are not really interested in going to your “Home Resort”. Your timeshare company only allows trades on alternating years. What can you do? exercise option number 3, renting your timeshare. Be aware that you only have about a 50% chance of the unit renting so if this is your option please don't bank on the incoming money.
Now do a little research by looking up your resort on http://www.redweek.com and finding what other owners are currently renting their weeks for at your resort. Then be prepared to post your timeshare on the local rags for your resorts. Also list your timeshare on http://www.RedWeek.com, and begin your wait on the rental.
Following any of the routes above will allow you to enjoy your timeshare ownership. Selecting carefully you can plan on only visiting your home resort once out of every three years. You can also allow the timeshare to pay for itself if you master the art of renting your week. Get this rental about 75% occupancy and you will be able to make the salesmans story ring true.
Charles Cater
About The Author: Charles and his wife own two timeshares in Hilton Head, SC. Charles spent years researching these purchases and deciding on the direction to move with the purchases. This article may be reprinted freely as long as all links remain active. www.bridalblog.info www.thewebllama.com www.travelblogger.info