How To Rent Out Your Timeshare To Other People
How do I rent out my timeshare to other people? Is it even possible to rent out your timeshare to others? The answer to these questions are, it depends on which company you own through.
Should you rent your timeshare out yourself, or go with a property management or rental company? The easiest way is just to go with a property management or rental company as a legitimate rental company won't charge a thing for the service!
Reasons For Renting Your Unused Week Out
- Unused Week: You pay maintenance fees but don't always use your week. Renting your week out is a great way to get some or all of that income spent on maintenance fees back.
- Hardship: Renting out your timeshare week is a great way to deal with hardship situations where you can't afford to pay your maintenance fees and sometimes a better option than selling it.
- Make Money: Want to make money with your week? Renting it out is a great way to do that! Just keep in mind that a timeshare should not be looked at as a good investment, it's main purpose is to enjoy great vacations.
- Unable To Sell: If you're unable to sell, renting it out is a great alternative as you get to not only keep your timehare but make money back on it.
First, Is It Even Possible To Do This?
Many resort companies will allow you to rent out your timeshare to other people, while some may not allow it and/or have specific rules or regulations in place regarding renting out your timeshare.
To find out whether your developer or resort will allow you to rent out your timeshare to other people, simply contact them and ask them whether the company will allow you to rent out your timeshare and if there are any rules or regulations in place prohibiting the practice.
Use A Property Management Company
If you are looking to rent your timeshare out but don't have the time or ability to do it yourself, going to a rental company might be your best option.
The easiest and most convenient way to rent your timeshare out is by going with a property management company who can manage the whole process for you.
Do Companies Charge Fees For Renting Out?
Timeshare rental companies should never charge you a fee for helping you rent your week out. If they do charge a fee for their rental service, you are likely being scammed.
Why don't legitimate property mangagement or timeshare rental companies charge a fee? This is because most timeshare rental or property management companies make their money from reservations that they book using your points, not from added fees.