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Updated 29 days ago, 10/30/2024
Timeshare Vacation Rentals
Hello BP,
My parents recently inherited a timeshare that carries with it some formidable annual maintenance fees. They would like to keep the timeshare as they are reaching a point where they want to take more frequent vacations and it would help cover the cost of those trips. The company has a points-based system, where members receive a certain amount annually, and they can then bank those points for up to a year and use them to reserve time at various resorts around the world.
I have been dragooned into assisting them with defraying timeshare costs by trying to figure out how to rent out the unused points so that they don't go to waste, before I dive into this myself, I wanted to find out if anyone else has experience with vacation rentals with this set-up. I expect that I'll be reserving time in various resorts and farming those weeks out to perspective vacationers, does anyone know if VRBO, or AirBnB, or some other site would be most appropriate for this approach?
Let me know if there is any more information I can provide, I have had this kinda dumped on me and am scrambling to understand what this process is and how I can help my parents out.