- Step 1: Know about timeshare user groups Know about longstanding timeshare user group websites. Browse through rental ads and be sure to do research before joining a group.
- TIP: Timeshare Users Group, or TUG, has over 40,000 timeshare owner members. Potential renters can join to participate in their Timeshare Marketplace.
- Step 2: Consider a timeshare rental marketplace Consider joining an online timeshare rental marketplace service. Browse their rental database by location or resort name.
- Step 3: Understand rental rules Understand complex rental rules. Most timeshares rent at a fixed rate. Others use a point system, where each point's dollar value fluctuates with the market.
- Step 4: Join a marketplace or user group Join a reputable online marketplace or user group for a small fee. Narrow down prospective rentals, or post a "wish ad" to be seen by timeshare owner members.
- Step 5: Contact a timeshare owner Contact a timeshare owner through an ad. A certain amount of trust may be required that the owner has correctly described the property.
- TIP: Call the resort to double-check that the timeshare owner actually owns the rental week that's being offered.
- Step 6: Use a rental escrow service Use a rental escrow service like First American Title. Redweek offers this service as a transaction guarantee. But escrow transactions aren't the norm.
- Step 7: Do a private transaction Do a private transaction with the timeshare owner. Get the rental agreement, sign and return the agreement to the owner with a deposit, and enjoy your new timeshare!
- FACT: In 2003, Club Sportiva began as a timeshare club where members could drive 6-figure sports cars 12 to 14 days a year.
You Will Need
- Timeshare user group membership
- Timeshare marketplace membeship
- Escrow service
- Rental agreement