Over time, timeshare owners realize there’s a lot of inventory out there being rented out to the public. Timeshare rental sites are becoming more popular and allow people to experience timeshare vacation options without the commitment of ownership.
Here is a look at the how and why of timeshare rentals.
Resorts renting out timeshares is unfair to faithful timeshare owners, who signed on the dotted line for a long-term commitment at their dream resort. It demolishes the concept of an “exclusive vacation destination” and “only available to a select group of owners.” Any vacationer can jump on a vacation rental site and grab a prime location at a lower per-night cost than someone who owns the resort.
Why is this a thing?
- The bottom line is that developers sometimes have unsold inventory at a particular resort. To protect their profits (their bottom line, as it were), they’ll often make this excess inventory available to the public to minimize the losses they may take by having rooms stay empty. They’ll often offer this excess inventory at cut rates to make this inventory attractive and increase the odds of renting it out.
- Another possibility (especially on sites like Redweek and Koala) is that the timeshare owners are looking for a way to recoup at least some of the cost of their timeshare and have listed them for rent on these open marketplaces.
In either scenario, it’s a win for the renters looking to visit one of these great resorts. This can also make it difficult for owners to book “their” slots during the peak seasons.
How Does It Work?
Using any rental site is remarkably easy to navigate. Right on their home page, you can enter the destination, resort name, or brand (Wyndham, Bluegreen, Diamond, etc.) and browse great locations. After that, you can simply select a resort, pick the dates for your vacation, and off you go.
Now, we’re not saying timeshare ownership is bad – lots of people are very happy with their timeshares, visit them as often as they can, and feel like they’re getting great value. Others like more flexibility and don’t want the potential encumbrance of owning a timeshare. The rental option may be better for them.
But suppose you’re in another category and are a timeshare owner unhappy with their current situation. In that case, it may be time to begin exploring your options, up to and including the cancellation of your timeshare agreement. Some companies help timeshare owners get out of their contracts and start fresh with their vacation plans. While there are several great choices, the best firm in the business is the original timeshare cancellation company, Timeshare Legal.
The Original Timeshare Exit Company
Timeshare Legal is a professional, full-service timeshare cancellation company. In addition to cancellation services, we offer a credit safety program. We aim to start the timeshare exit process for you without any upfront cost. Start with our online assessment to see if you qualify for a timeshare cancellation, or contact us directly to schedule a free, no-obligation consultation.
