


Renting your Timeshare
Understand your own timeshare! This is probably the single most important hurdle a timeshare owner faces, and surprisingly is one of the issues that many owners spend little time thinking about. Having a working knowledge of how your timeshare ownership works, the details of the property itself, and the reservation procedures should always be the first step to a successful timeshare rental process. You should know the reservation policies, as well as the cancellation and rebooking policies. If your timeshare management company offers an internal exchange program or if you belong to a third party exchange company, the banking deadlines for your timeshare week are also vital to your success. Understand your reservation windows, know if a guest certificate is required and if so what cost will you incur, and properly advertise the unit type, amenities, and benefits the renter will receive. (Some resorts allow special privileges or discounts to owners, but not to their guests.). Plus, always double check your ads for accuracy. Whether you are advertising on your own or using a licensed rental brokerage, if you cannot properly identify what you own, you cannot succeed!
Confirm a reservation and advertise specific dates! Most prospective renters use online searches to locate matching reservations. They will already have a destination or even a specific resort in mind, and will know at least their approximate dates of travel. If you advertise specific confirmed dates at a timeshare resort, it will greatly increase your chances for successfully locating a renter. If you own a floating or points system of timeshare, attempt to reserve high demand periods early in your reservation window. Rental demand for event weeks, holidays, and high volume tourism periods is greater, and thus delivers more possible renters and the potential for higher rental prices!
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