Tips for Renting Your Timeshare

Many timeshare owners know how difficult it is to sell a timeshare. But not many timeshare owners know how difficult it is to let your timeshares for rent. The truth is many owners do not take a right approach to rent their timeshares to interested people. A wrong approach can not only increase your net loss on renting but also in some cases your unit may remain empty without being rented. But if you adopt a right strategy and approach you can minimize this liability to a great extent. Basically there are two approaches which are discussed in the following post.

One approach is to go to your timeshare resort and tell them to let your unit for rent. Although it looks like an easy option which saves us from the hassle of advertising. But timeshare resorts typically charge a fee for rent timeshare out the unit.

If you rent out the unit for $150 per night and assume that someone is renting it for 3 days. So three day total rent should be $450. If the resort charges a commission of $150 then you are only left with $300, which is your net rent. Now if you pay $400 in annual maintenance your net loss will be $100. Now you got to question yourself is this really worth it? Obviously the answer will be no. Let us forget for a moment that you want to make a profit on your timeshare rentals but at least you don't want a loss also or to be practical, a minimum loss.

The other option is to market your timeshare property by yourself which is the best and most reliable option. You can either put an advertisement for rent in classifieds of newspapers or through the classifieds run by Timeshare Resort which targets the right people i.e. those who are willing to rent a timeshare. The other option is to put your unit on auction sites such as eBay. And keep in mind that your timeshare will be listed in travel section but not real estate.

For further details of renting your timeshares please visit our site i.e. www.imgfinance.com