Is Renting a Timeshare Vacation a Worthwhile Investment?

Many people have purchased a timeshare vacation at some point in their lives. Many people own timeshares that they never use, or rarely use. Many of these same people will also try to rent out their timeshare to someone that needs a vacation. While this can be a beneficial strategy under the right circumstances, it may not always be your best bet. Here are a few things to consider if you are thinking about renting a timeshare vacation out to someone else. 

Numbers Must Make Sense

If you are buying a timeshare just for the sole purpose of renting out, you need to pay close attention to the numbers. You need to know what the market rent is for a timeshare like you are purchasing. Therefore, you have to pay attention to this during the negotiation phase of the buying process for it to make any difference.

You Are Responsible

The downside to this approach is that you are ultimately responsible for the rental when someone else uses it. If you rent it out to some partying college kids and they destroy it, you are going to have to pay for the damages. 

The Verdict

Most of the time, buying a timeshare just to rent out does not make sense. However, if you have one that you do not use, renting it out can help recoup some of your investment. 

blog comments powered by Disqus