I don’t rent but I have given away nights. The name on the reservation was not on my deed. I think there will always be exceptions (owners that book for grown children for example).
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These are all good points
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True.
Hopefully Disney finds a happy medium. Some people won’t be happy, mainly the commercial renters. But that’s not really what DVC was meant for. Glad Disney is recognizing the problem. Maybe they attribute that to slow DVC sales.
But a red flag would be a rental made at the 11 month mark and then the lead guest changed after the fact (to the renter). I don’t think they are trying to crack down on all rentals. But I’m sure there is a way to scan all the owners and see who has a higher than average amount of different individuals as the lead guest. It will be interesting to see how they determine this. Confirmed reservations will be easier to crack down on I think.
Also some bad press as far as rental scams…
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Have we seen this?
The scams?
Tons of warnings articles on it…it was pretty big thing last year.
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Those are posted by the agencies themselves, and are almost two and three years old though.
I wouldn’t think that would have enough reach to turn people off from buying. I assumed you meant MSM news stories
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These are from rental agencies though. So they may be a bit biased. I know people get burned but I didn’t think it was wide scale or on Disney radar.
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Yes those articles are from the rental companies-
From the way I am reading the accounts from the annual meeting that is part of what I assume Disney is referring too as the problem.
Not individuals renting but the big companies artificially controlling the rental market.
That might suggest a commercial renter, if replicated several times.
And it would curtail the rental of confirmed reservations- which one of the main rental brokers now uses as their preferred “modus operandi”.
But it could be time consuming to constantly scan the system for such reservations.
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I think there are resale brokers who buy contracts, strip them, book reservations themselves and then sell the stripped contracts on.
If that is the case then that’s who they should be going after.
But rental broker that simply matches owners to renters is harder to deal with. Especially if, like David’s, they do point rentals.
DVC have no way to know which reservations were made as a result of David’s. Every such rental is booked by an owner, for the renter.
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I’ll admit, the first time I ever stayed DVC, I rented points. And, as it happens, the lady was renting points to make money (so commercially renting points).
At the time, I didn’t know that she was a commercial renter of points, nor did I even know that renting of points commercially was not allowed. I only came to understand that later (quite recently in her case…I thought she owned too many points for herself to use and so rented them, as opposed owned the points for the purpose of renting them out…and perhaps it started out as one, but morphed into the other).
Anyhow, as a result of that stay, however, I became interested in buying DVC for myself. Which I eventually did.
I only say this to point out that I think those renting the points themselves aren’t aware of the nuance in this. I certainly didn’t. But now as an owner, I understand the difference…AND understand the implication on my own ability to potentially book at 11 months out what I want using my own points.
It will be interesting to see what kinds of checks they can put into the system for this that is fair. But it will also be interesting to see what happens to those who are definitely commercial renters…might we see a flood of point contracts show in the resale market as these commercial renters see that they will otherwise be stuck with points they can’t use?
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When Club Wyndham started enforcing the rental restrictions a ton of contracts were put on the market…
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So how did they define a rental? And how do they identify them?
Just wondering if they allow people to book for their family & friends. And how do they get around the FL laws that state that timeshare rentals must be permitted?
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Interesting.
Which makes me wonder another thing.
When Disney sells DVC rooms that they own to the general public, aren’t they technically renting them as well, commercially???
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I think it’s just a way to red flag an owner. But if they put a policy in place where rentals made in the 11-8 month mark can not change ownership, then this effectively stops confirmed reservations being made before every other DVC owner can make them.
Can they do this, not sure. Is there a disadvantage to a DVC owner canceling a reservation at the 7 month mark? I didn’t think it would lock up those points. If the rental was always intended for a friend or family member then it should be put in their name from the start.
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I think I told you I rented from that same person too. I thought she was a friend of a friend. I realized she was in business when she promised the same points to me and others.
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I adopted into Wyndham taking over a few contracts after the restrictions…one of my contacts came red flagged-
They now have owner specific times at certain resorts, a limit on the number of guest certificates that can be used when an owner isn’t on the reservation.
Can you point me towards the Fl law that says timeshares rentals must be permitted?
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I think there could definitely be a happy medium to allow for actual friends and family versus real churning of rentals. I’d suggest that even a limit of say 10 rentals in 3 years would curtail quite a bit. Even something like how the Southwest companion pass let’s you set someone but has limits on how often you can change it.
Do you know the origins/intent of the law saying timeshare rentals must be permitted? Is it allowed unlimited? I know the contract already outlaws commercial renting.
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I don’t know about the FL statute, just seen it mentioned.
It’s all in the same statute that says things like they cannot double charge for amenities - which was why DVC stays were exempt from the parking fees, for example.
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