Renting a timeshare is 99% enjoyable. If renting a timeshare wasn’t an overall positive experience, the industry would collapse. So, there is no reason to worry too much when renting.
Yes, this is a positive way to launch an article on the top five pitfalls to of timeshare renting! Of course, positive does not necessarily mean that no problems exist. So, consider the admission that there are pitfalls out there a friendly heads up.
1.) As the name implies, timeshares involve sharing a unit with others. When you step inside the unit, you may discover the previous occupant has left a number of problems. These could include a messy home, damages, etc. Granted, there are ways to deal with such a situation but there is no way to avoid these problems with certain owners.
2.) Renting without a written agreement. Never ever rent from or rent to anyone without a written rental agreement! If there is no agreement in writing, there may as well be no terms, conditions, or rules with the rental. This would clearly be a disaster waiting to happen!
3.) Renting to someone that is a poor payer would be a disaster. This is why it is important to perform a credit and rental history check. To do otherwise creates a number of question marks that may evolve into problems.
4.) Don’t rent a timeshare located in a less than desirable location. If the location is congested, crowded, far from stores and shops, the experience will not be a positive one. As with any other real estate deal, location is often everything. So, never overlook where the property is located.
5.) Know all the costs. Some overlook the additional fees associated with timeshare rentals. This leads to eventually problems and disappointment. Itemize what the rental will cost prior to making any decisions. This will avoid a ton of problems.
Does anyone remember the old Sunday night television program “The Wonderful World of Disney”? The name was just about perfect. For most viewers, Disney was a magical land where life is easy. Similarly, Disney resorts are wonderful for forgetting about life’s problems. That is why Disney timeshares are so popular. But, if you are selling a Disney timeshare, do not assume the rules of “Never Never Land” apply. So, always approach a Disney transaction with proper business acumen.
The first thing to understand is that Disney is a huge conglomerate. Any time you are working with a giant company personal treatment can be limited. No, you will not be treated like refuse. However, you will find corporate policies limit flexibility. Rules are rules and must be adhered to. Representatives you deal with might not be able to modify rules. Keep this in mind prior to dealing with Disney.
Disney also follows a point system. Understanding the point system will determine how positive your experience is. Many people rush in without understanding the point system. This proves to be disastrous one time comes to sell the property. Instead, educate yourself as much as possible on the point system. Let the point system work in your favor and not in opposition to your deals.
Actually, investing a lot of time researching the entire process will eliminate many problems. Don’t skip this necessary step prior to entering into an agreement. Deliberate planning and careful action will reduce problems. This is true with Disney as well as any other company.
Buying through resale may limit the ability to book a room. No, this is not the case in every instance. However, it has occurred enough that many have raised the issue. So, keep it in mind when skimming the resale market.
In general, Disney provides a solid and reliable timeshare rental/purchasing division. However, it is not perfect and you need to keep your eye wide open for potential problems. That is the best advice one can offer.
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