Thursday, October 16, 2008
Renting A Timeshare
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Although it is not the best of the ideas to rent a timeshare but in some cases it works out to be more economical than other options. Timeshare rentals were not so easy to find earlier as the owners of timeshares don't make any profit when they rent out their timeshare units and also very less people had timeshares. Over the past few years the popularity of timeshares has grown tremendously and there are many big names entering into the business now.
There are over two millions American who have timeshares. The timeshare rentals are available because some owners have no other option but to rent out their units as they couldn't use it due to their hectic schedules. The timeshares can be rented through timeshare resorts who rent the units on behalf of their owners. Timeshare units can also be rented through brokers dealing with timeshare rentals and sales. But always be careful while approaching the brokers because the timeshare industry has witnessed many frauds and scams due to some unscrupulous brokers. Make sure the broker is a licensed broker and reputable also. One can also rent timeshares on auction sites like eBay in travel section and also bidshares.com which is timeshare exclusive website.
But how will the timeshare rentals work out. Let us do some math. If you rent a hotel or a room in a resort the rent per night typically costs around $200 per night. Which means it is around $1,400 for a week's vacation and if you have more people and if you need another room it will end up totaling $2,800. Compare this to a timeshare rental which may cost $150 per night. The total would be $1,050 only for 2-3 bedroom units.
The benefits you get are immense. A timeshare unit gives you more room compared to a hotel suite and is better furnished. Typical timeshare units have two to three bedrooms, one to two bathrooms, a kitchen, a dining room, a laundry room and indoor or outdoor pool. Most of the timeshares are strategically located to the attractions. And they are located in some of the finest vacation resorts of the world.
Timeshare resorts provide more amenities and conveniences compared to hotels. The timeshare resort also offer discounts on air travel, rental cars and tickets to many attractions.
Read more Renting A Timeshare
There are over two millions American who have timeshares. The timeshare rentals are available because some owners have no other option but to rent out their units as they couldn't use it due to their hectic schedules. The timeshares can be rented through timeshare resorts who rent the units on behalf of their owners. Timeshare units can also be rented through brokers dealing with timeshare rentals and sales. But always be careful while approaching the brokers because the timeshare industry has witnessed many frauds and scams due to some unscrupulous brokers. Make sure the broker is a licensed broker and reputable also. One can also rent timeshares on auction sites like eBay in travel section and also bidshares.com which is timeshare exclusive website.
But how will the timeshare rentals work out. Let us do some math. If you rent a hotel or a room in a resort the rent per night typically costs around $200 per night. Which means it is around $1,400 for a week's vacation and if you have more people and if you need another room it will end up totaling $2,800. Compare this to a timeshare rental which may cost $150 per night. The total would be $1,050 only for 2-3 bedroom units.
The benefits you get are immense. A timeshare unit gives you more room compared to a hotel suite and is better furnished. Typical timeshare units have two to three bedrooms, one to two bathrooms, a kitchen, a dining room, a laundry room and indoor or outdoor pool. Most of the timeshares are strategically located to the attractions. And they are located in some of the finest vacation resorts of the world.
Timeshare resorts provide more amenities and conveniences compared to hotels. The timeshare resort also offer discounts on air travel, rental cars and tickets to many attractions.
Read more Renting A Timeshare
Labels: timeshare investment
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