While renting your timeshare can be a great solution to help cover expenses without having to sell your timeshare, you might encounter a few challenges along the way.
Below are the most common rental challenges and tips for overcoming them:
- Market competition: Timeshare rental markets can be saturated in popular destinations. To help your timeshare listing stand out, highlight unique features of your timeshare, such as a well-know timeshare brand, location perks, or top resort amenities (pools, game rooms, golf courses, etc.)
Additionally, researching how much other rentals are listed for and the peak travel seasons for your market can help you set a competitive price. Keep in mind that you’ll need to be reasonable if you want to attract the most potential renters.
- Upfront costs: Some rental platforms charge listing fees. Before listing your timeshare, weigh these costs against potential earnings. Always make sure you’re using trusted rental platforms like RedWeek, Timeshare Users Group (TUG), or social media groups focused on travel to list your rental.
- Scams: Like with any transaction, there is a possibility of encountering a scam during the timeshare rental process. Avoiding timeshare rental scams begins with doing your homework — always verify renters, use secure payment methods, and avoid offers that seem too good to be true.
Our Advice: Renting your timeshare is all about staying creative and open to different opportunities. By putting effort into your rental listing, pricing fairly and being selective about the rental platform where your rental listing is posted, you can profit from your timeshare.