The Timeshare Tourniquet

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

Pretty simple . . . ways to stop/slow the $$$ bleeding caused by timeshares you do not want but can't get rid of rid. Feel free to add your own ideas.

One week we rent out ourselves. $499 seems to be the magic number/$650 annual fee.

At another resort, I put three weeks in their rental pool. I just got the check for our two Spring Break ski weeks. Around $700 annual fees total. We got $110.

KA-CHING!!!

[chriskre Super Moderator Find all posts View Profile Close chriskre]

Just rented my beach week for $600, MF's are $600.
I'm happy and I rented it to a friend on my own so no commission owed.
The resort will rent it for more money but I'm happy to cover my MF's.

Also rented some Disney points for twice my MF's but then again this was
an expensive acquisition cost so it's really just a break even proposition
but I'm happy to get it.
Again to someone met thru this board.
It's not always bleeding $$$$$.
Sometimes it's actually sorta Cha-Ching !!!

I'm renting a few other weeks I own, but those are so complicated to illustrate
here, just know that it's helping me vacation for free.

[easyrider Senior Member Find all posts View Profile Close easyrider]

1. Get rid of the loser TS you own. You can usually rent these for equal to or less than a MF.

2. Im just thinking out loud here but what if you had a disposal mechanism in place ? Either a person about to go bankrupt or a person on the verge of death. In either scenario these people would no longer have an obligation.

3. Create a trust for all of your assets and let the TS go to collection. At some time a person could be old enough to not care about their credit score.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

Then again, some people have this overwhelming compulsion, probably a fault of their upbringing, to honor their financial obligations, regardless of how sleazy and scammy they came about, or continue.

That's about the only thing I can think of that would cause decent people to keep beating themselves up.

If I had a dollar for every time I heard how scammy timesharing is this evening, we could afford our fees. & that was coming from people I met on a certain other forum more than ten years ago.

[chriskre Super Moderator Find all posts View Profile Close chriskre]

And some people immensely enjoyed the scam while it was working for them so they could vacation like a prince
on a paupers budget, which perpetuated the scam. They sure were't beating themselves up with guilt then.

Of course since some people no longer can travel like they could when they were younger, then it's now a useless scam to them.

[bjones9942 Senior Member Find all posts View Profile Close bjones9942]

Let's see...

• I'd call the resort and ask them to take the deed back.
• Put it up on ebay for $1, pay the current year's maintenance fees, pay the transfer costs, and cross my fingers.
• List it in some of the timeshare forums bargain basement areas
• Learn to use it. Go there or bank it and go somewhere else.

[JustLooking4TheBeach Junior Member Find all posts View Profile Close JustLooking4TheBeach]

Renting is working so well for me this year. I wish I had more ability to satisfy the demand.

Stephen

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

Renting is working so well for me this year. I wish I had more ability to satisfy the demand.

Stephen

Thanks . . .

Helpful advice is, well, helpful.

How about some specifics . . . this thread started to help the thousands caught in the Timeshare Trap?

Where, when, where you advertise, etc.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

Let's see...

• I'd call the resort and ask them to take the deed back.
• Put it up on ebay for $1, pay the current year's maintenance fees, pay the transfer costs, and cross my fingers.
• List it in some of the timeshare forums bargain basement areas
• Learn to use it. Go there or bank it and go somewhere else.

Good advice for those just starting to try to find a way out, pretty much the steps they should take first.

As for the first item, if the resort does not do deedbacks, put it on the resort's bulletin board, newsletter, weekly flyer to guests, or whatever means of communication they have, if they have one. We actually tried to buy a week while on an exchange a few years ago. Three of our current weeks are the result of an exchange in 1992.

Also, when at the resort, talk it up, say around the pool or BBQ, as owners/guests there the week you're there as good prospects. We actually tried to buy a week that way a few years ago. I know someone from a certain other forum who unloaded their Mexican weeks that way, they also being converted to Floridians,

As for the second item, also put it on Craigslist.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

Actually, if it's OK with everyone, I had intended for this to not be just an other one of the endless "how to get rid of your timeshare" threads. Maybe I didn't say that well enough in the OP, but I tried to imply that with the Topic Header.

In other words, let's pick up where the other threads leave off, so that after trying all the things most of us know to try, and for several years, and finding yourself unable to give them away, what can you do then, to slow the bleeding?

Let's assume there is no desire whatsoever to use them as timeshares.

So, when it appears that there is no way out . . . .

[JustLooking4TheBeach Junior Member Find all posts View Profile Close JustLooking4TheBeach]

Where, when, where you advertise, etc.

AirBnB is working well. Using some others but like the simplicity of AirBnB.

Stephen

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

AirBnB is working well. Using some others but like the simplicity of AirBnB.

Stephen

Thanks.

Where? What weeks?

How many do you own and how long have you been TSing?

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

AirBnB is working well. Using some others but like the simplicity of AirBnB.

Stephen

Yeah, there's timeshares on it:

https://www.airbnb.com/s/Branson--MO...ts=6&source=bb

[JustLooking4TheBeach Junior Member Find all posts View Profile Close JustLooking4TheBeach]

I have owned since 1998. Most of timeshares are resale purchases and now points based. Started serious timeshare renting in 2013. Tried craigslist previously, and some other websites in prior years but unsatisfied with the results.

Stephen

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

I have owned since 1998. Most of timeshares are resale purchases and now points based. Started serious timeshare renting in 2013. Tried craigslist previously, and some other websites in prior years but unsatisfied with the results.

Stephen

Thanks.

Where do you own that is renting well (at a profit I assume) and what weeks?

Years and years ago we rented some of our excess weeks in a rental pool at one of our resorts, a place that has some walk-in traffic. Then the management company changed and the we took our weeks out of the rental program. I just put them in the rental program with the new management company this year. It is not a pool, so there is no assurance that it will be our weeks that get rented, and they take 60%. Based on my first statement, they are getting $92.50/night.