When you rent out your timeshare points, you get to enjoy your time the way you want. But choosing which timeshare rental agency to work with is an important choice. Here are five crucial questions to consider when making that all-important decision.<\/p>\n\n\n\n
Some agencies don\u2019t let you take back your points after you\u2019ve allocated them for renting. So, if you think you\u2019re going to want to end up redeeming some of your points for personal use, make sure the agency you choose lets you have that option. At Suite Match, you can always<\/em> request to use your points\u2014even if you\u2019ve allocated them for rental use. As long as they haven’t already been used to secure a rental you’re welcome to update your balance with a simple email or phone call. <\/p>\n\n\n\n Make sure you know whether or not the agency has a viable channel to reach vacation rental consumers. To do so, ask to see their website, go to their social media pages, read reviews on Google+ and other sites. This helps to ensure they\u2019re actively marketing in a professional, compelling way on their social pages and website. <\/p>\n\n\n\n If they can\u2019t point you to exactly where and how they are getting their customers, this may be a big red flag. Rental success only comes from advertising and marketing efforts, which should be easy to find. That said, there are a lot of rental agencies out there that are quick to charge upfront fees from timeshare owners with little rental results to show for it. Even if it\u2019s free to join, you still want fast and consistent results from the agency. Time wasted is money wasted. <\/p>\n\n\n\n Agencies work differently and offer various types of service models\u2014ranging from being responsible for making a reservation and \u201clisting\u201d stays to being completely hands off. <\/p>\n\n\n\n Therefore, make sure you ask exactly<\/em> what you\u2019ll be responsible for. Are you required to cancel a reservation if it doesn\u2019t rent in time, supply guest confirmations, or make changes to guest information? <\/p>\n\n\n\n Also, ensure the agency is willing to assume financial responsibility for reservations they do not cancel in time (if it is<\/em> their responsibility) in writing. <\/p>\n\n\n\n And, if you want to just enroll and have everything done for you and get a check in return, those agencies do exist\u2014including Suite Match!<\/p>\n\n\n\n When it comes to renting timeshare points, maintenance is a must. Don\u2019t forget to ask about this critical piece of the puzzle! <\/p>\n\n\n\n At Suite Match we offer a fixed flat rate per 1000 points so you know upfront exactly what you’ll receive for your points. <\/p>\n\n\n\n If an agency is offering a percentage of the rental revenue\u2014as most do\u2014 check out their rates on their website and use that as a guideline for what you can expect for rentals per thousand points. Also, make sure you understand what fees are deducted prior to your share of the profits. And, ultimately, make sure they pay on time. If not, don\u2019t hesitate to shop elsewhere. <\/p>\n\n\n\n Don\u2019t let an agency leave you in the dark. Are you going to be responsible for reaching out for information? The last thing you want is to hear crickets and get unreturned emails in return. <\/p>\n\n\n\n At Suite Match, we supply log-in access to our owner portal where you can view real-time updates on your account without waiting for reports or callbacks. Plus, quarterly e-newsletters keep you up to date on updates within the market and the agency. <\/p>\n\n\n\n If an agency doesn\u2019t offer a live portal, it\u2019s fair to say you should expect timely reports (monthly at a minimum) to include the guest name, payout amount, check # or payment due dates, points used per reservation, and points remaining. <\/p>\n\n\n\n Beyond account communication, there\u2019s also general information about the agency, who the people are taking care of your account, and rental trends that are helpful to be aware of. <\/p>\n\n\n\n Trust and transparency are critical when choosing an agency to rent your timeshare. And, communication is a big part of that. <\/p>\n\n\n\n2. How do you rent points?<\/strong><\/h4>\n\n\n\n
3. What will I be responsible for?<\/strong><\/h4>\n\n\n\n
4. How much and when will I get paid?<\/strong><\/h4>\n\n\n\n
5. How is activity on my account communicated to me?<\/strong><\/h4>\n\n\n\n
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