Most of the timeshare owner knows the trouble to sell their timeshare property. But most of them did not know how to make profit from their timeshare by let their timeshare for rent. An incorrect approach can not only enhance your net loss on renting but also in some cases your unit may remain unoccupied without being rented. If you implement a correct strategy and approach you can minimize this liability to a great extent.

Basically you can adopt two strategies regarding this matter.

An easiest approach is to go to your timeshare resort and tell them to let your unit for rent and this saves us from the hassle of advertising. Typically, timeshare resorts charge a fee for renting out the unit.

The most horrible thing about renting through the resort is its huge 30-40% commission which is a great loss for the timeshare owner. The game of numbers will tell us the true terrible story behind this idea.

If you rent out the unit for $100 per night and assume that someone is renting it for 3 days. So three day total rent should be $300. If the resort charges a commission of $150 then you are only left with the balance $150, which is your net rent. Now if you pay $300 in annual maintenance your net loss will be $150.

Is it really worthy ? Absolutely No.

Another option to rent your timeshare is, renting it through a licensed broker with a reputed track record. Assume that, you went to a licensed broker and he charges twenty percent commission which is far better than your resort company.

Another best and reliable option is to market your timeshare property by yourself by advertising on classifieds , newspapers , magazine or any other suitable media which can attract the audience of your advertisement.

Internet is an another option for your timeshare rental advertisement. A range of auction websites are available in internet for publishing your timeshare rental advertisement. Some of the auction sites available in internet are eBay and bidshare.com. You can publish your advertisement in the travel section of these auction sites. Don’t publish your timeshare advertisement in the real estate section of these sites. You have to be pre-approved by square trade which can take up to five days. The square trade will also need an evidence of the ownership of the timeshare unit preferable deed or the maintenance bill. After this the unit is placed on public sale on the website. Remember to be cooperative to the bidders and answer all their questions and give them the absolute information about the unit. Your timeshare unit could go as close as your maintenance charge and thus less loss.

But don’t expect a profit on the rent but only less loss. This is the principle you have to remember while let your timeshare for rent.

Filed under: Finance, Investment, Timeshare, Tips by admin