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- How safe are rentals?
How safe are rentals?
We have rented our timeshare several times and have not had an issue. I have used a contract that states basically this is a legitimate rental and once I receive the fee and it clears I call the resort to place their name on the reservation. The renter is more than welcome then to call the resort to verify. I forward any information to the renters that I receive about the upcoming rental week.
Doug and Dana S.
I used a similar rental agreement as Redweek. I will use Redweeks rental agreement the next time. It seems to be pretty good. We just rented one of our weeks for July and I created an invoice on PayPal and sent that to the person. It worked great but they take a fee. It was about $75 but well worth the amount for less hassle. The renter then just paid the invoice through there and it went into my account. I have had bank checks sent in the past with no issues either. I can share the contract if you are interested. Dana
Doug and Dana S.
I have had two annual successful rentals now, but I choose to use the escrow service. Yes, the fee is higher, but I have negotiated to split it 50/50 with the renter. They like the safety aspect of it and have not seemed to mind the extra fee. I like American Title's rental contract. And rented to actual Marriott owners-- actually, that is my preference, they know how the system/reservations work and are super easy to deal with. I'm pretty picky on who I rent to, and will not deal with 3rd parties, especially since they try to lowball.
Nancy H.
Excellent advice. An escrow service is more costly but what price do you put on security and peace of mind. There are many reputable escrow companies. I don't know if they charge the same fees but if someone decides to use one it may pay to shop around.
Don P.
Last edited by donp196 on Jun 28, 2016 07:28 AM