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- Calculating Rental Rates
Calculating Rental Rates
cynthias226 wrote:I would start by checking various internet sites and see what some owners are asking for their units. In addition to RedWeek, the other popular sites are: TUG, My Resort Network, and Vacation Timeshare Rentals. Rentals are also advertised on eBay and Craigslist.What is the best way to estimate a fair market value to rent your weeks?
Keep in mind that the listed price might not reflect the actual price since a renter may negotiate a lower price.
You can also check to see what your resort charges for rentals, then take a percentage of that number.
Some high demand resorts have hundreds of rental units, so price you unit lower than others but still be realistic. Otherwise people might start to wonder if you were trying to scam them.
My goal was to get the MF plus $200-$300 more.
Good Luck
Mike N.
mike1536 wrote:cynthias226 wrote:I would start by checking various internet sites and see what some owners are asking for their units. In addition to RedWeek, the other popular sites are: TUG, My Resort Network, and Vacation Timeshare Rentals. Rentals are also advertised on eBay and Craigslist.What is the best way to estimate a fair market value to rent your weeks?Keep in mind that the listed price might not reflect the actual price since a renter may negotiate a lower price.
You can also check to see what your resort charges for rentals, then take a percentage of that number.
Some high demand resorts have hundreds of rental units, so price you unit lower than others but still be realistic. Otherwise people might start to wonder if you were trying to scam them.
My goal was to get the MF plus $200-$300 more.
Good Luck
Marlene T.