If you’re a timeshare owner that’s decided to rent out their timeshare resort, you may be wondering about tax implications. What should do you about reporting the income you receive from the rental? What about deductions or loses? How do I calculate depreciation? Do I use Schedule E when filing? Here are answers to those…
We are now living in the age of User Generated Content (UGC) on the internet. A multitude of Blogs and Web sites exist online for people to discuss any topic of their choosing, with anyone, at any time of day, worldwide! Isn’t the internet amazing? Online social networking is really taking hold and for those…
You’re a timeshare owner and you want your property to run smoothly and be managed well so it doesn’t cost you extra money, right? Why not get involved in your timeshare board? This doesn’t have to take a lot of your time. You can start very simply by reading the newsletters, and attending a few…
At RedWeek.com, we are in the timeshare business and of course find value in them. In an effort to make consumer more aware of how timeshares work, we have created this list outlining both the pros and cons of timeshare ownership. After reviewing it, you should be able to determine if timeshare ownership is right…
Do you know what expenses you, as a timeshare owner can deduct on your tax return? The answer is not the same for everyone. Here’s some details from David H. McClintock, CPA, regarding the most common deductions and how they might affect you, depending on your particular situation. This information can be best used as…
Waikiki’s famous Ilikai Hotel, which was featured on the 1960’s show “Hawaii Five-O” announced this week that it will close its doors. The hotel was purchased by iStar Financial Inc. in May, and the company hoped that its subsidiary, SFI Ilikai Property Owners, would be able to identify sufficient cost savings and operational efficiencies to…
Is it time to find a timeshare you can drive to? Some timeshare owners are considering selling their units on the resale market to find a timeshare resort closer to home. With vacation budgets tight in this economy, many people who still want a vacation, would prefer to save money by driving to their destination…
Everyone loves Hawaii. Beautiful tropical scenery, stunning beaches, killer surf… but most tourists end up visiting the island of Oahu. This year, it’s time for a trip to Maui. Maui has great year round events and activities, in addition to the sun, sand and surf. On the island of Maui, you’ll find timeshare rentals on…
Ready to take a step back in time? Walk among the turn-of-the-century styling’s at Disney’s Old Key West Resort, located in the heart of Walt Disney World in Lake Buena Vista, Florida. These residential-style timeshare units are very large, which is great for family travel, and offer fantastic amenities to visitors. Rooms face either the…
Located on the north shore of Kauai in Hawaii, the luxurious Hanalei Bay Resort is looking at many unhappy owners these days. Quintus Vacation Management, who was supposed to manage the property through 2012 sold the contract to Celebrity Resorts last August without notifying the Hanalei Bay Resort Vacation Owners Association board members or the…