How Hard to Rent Your Points?

[Lensman]

I too am interested in the prospect of renting out points if needed.

Is it a known occurrence that renters can skimp out on charges to the room?
I would assume that a renter would have to put their card on file at the front desk for any incidental charges.

.... I kinda foolishly told the CM at VGC I was DVC when she asked for a card. She politely told me it is for any incidental charges....

The thing you have to watch out for is room damages, plus the aforementioned request for upgrade on checkin that they're not supposed to do without verifying ownership/authorization.

As you said, incidentals are charged to the credit card you present at checkin.

 

[Club Cooloholic]

FYI, We just got notified we made it through the ROFR. Whoo!

 

[nickys]

FYI, We just got notified we made it through the ROFR. Whoo!

Congrats and welcome home!

 

[EOD K9]

Congrats and welcome home!

Welcome Home is not appropriate as they are resale points. Unfortunately, DVC is not longer allowed to say that as they do not have the blue member card.

 

[nickys]

Welcome Home is not appropriate as they are resale points. Unfortunately, DVC is not longer allowed to say that as they do not have the blue member card.

Where are you getting that from?

They still stay welcome home to anyone checking in at a DVC resort. And the magic band reader will still show you as a member.

 

[Club Cooloholic]

Welcome Home is not appropriate as they are resale points. Unfortunately, DVC is not longer allowed to say that as they do not have the blue member card.

Well, for a savings of 10k, I can deal with just a friendly wave whenI check in instead. But I am still a member, no?

 

[Phonedave]

Well, for a savings of 10k, I can deal with just a friendly wave whenI check in instead. But I am still a member, no?

Technically, no.

That it is term that DVC uses to differentiate resale vs. direct.

Everybody is a purchaser, but only people with Blue Cards are Members.

To quote DVC

To receive any Membership Extras, purchasers must present a valid Disney Vacation Club Membership Card along with a corresponding valid photo ID. Effective February 25, 2018, to obtain a Disney Vacation Club Membership Card, Members must accumulate a total of at least 75 Vacation Points purchased directly from Disney Vacation Development, Inc.

It is not the best of language, because you could make the argument from the language that everybody is a member, but only members with 75 points or more direct can get a membership card. But that really makes no sense. If you are a member, then you should get a membership card. If that was the case, then you should be able to get into the Member Lounge at EPCOT. Since you can't, then that supports the argument that you are not a member.

 

[Phonedave]

Welcome Home is not appropriate as they are resale points. Unfortunately, DVC is not longer allowed to say that as they do not have the blue member card.

I would think Welcome Home is appropriate - they are still partial owners of the property, they are just not members of the Disney Vacation Club.

 

[Club Cooloholic]

I would think Welcome Home is appropriate - they are still partial owners of the property, they are just to members of the Disney Vacation Club.

Well that settles it, no DVC car magnets are going on my truck!

 

[Lensman]

I would think Welcome Home is appropriate - they are still partial owners of the property, they are just not members of the Disney Vacation Club.

I agree, though I don't like the sound of "partial members". In my mind, they're members, but they're just not "card carrying members", as the saying goes. lol

You still get to call member services and assign associate members. In fact, your status is almost identical to one of a associate member, except that you're also a deeded owner.

@pjkdog, welcome home!

 

[EOD K9]

I would have thought that most people would have picked up on the sarcasm due to the nickel and diming that goes on. Next time I will use the sarcasm font.

 

[Lensman]

I would have thought that most people would have picked up on the sarcasm due to the nickel and diming that goes on. Next time I will use the sarcasm font.

Apologies, I missed that entirely! Oops!

 

[Phonedave]

I would have thought that most people would have picked up on the sarcasm due to the nickel and diming that goes on. Next time I will use the sarcasm font.

Every time they say "Welcome Home" to me, I have a $5 charge added to my account

 

[FCivish3]

Anything like that, or ask for an upgrade and the CMs use points to do so, etc.

Yep, you will be liable, and Disney will bill you.

If you rent your points out through a Broker then they would presumably go after the owner for the costs, but Disney will still expect you to pay the damages. If you rent the points out privately, I don’t know how you proceed.

The upgrade situation is the one that worries me, simply because it does happen from time to time. CMs will sometimes just borrow points to do so. Even through a broker it could still affect future plans. For example, we bank and borrow to visit every 3 years. We have just under a hundred points just now that I will rent out. If the renter was to use an extra 50 points, that would affect our plans for the next stay.

Personally that’s why I will use David’s to rent my points.

First of all, the Buyer will need to put up a credit card, at check in, so any room charges or meal charges they make will be billed to them, not you.

Second, if they cause damage, etc, Disney will usually try to put it on the Buyer’s credit card, before they come to you. They usually will only come to you if the Buyer’s credit card ‘goes bad’ during the middle of their trip. It has been known to happen, but is pretty rare. Get a good contract that is ‘accepted and signed’ by the buyer. Specify in it that the buyer is responsible for any damages they incur, or bills they left unpaid. Then, if you need to go to some type of legal action, they don’t have a leg to stand on. And you can even ask the judge to have them give you legal fees and expenses, in case you need to go to their city, to file the claim in court. In most cases, when the buyer sees that they are likely to end up paying much more, they will cough up the funds. Only in cases of absolute fraud on their part, are you unlikely to be able to collect something.

Third, as for them asking for an upgrade, and Disney just giving it to them, and then coming to you for points, I would fight Disney on that. ONLY DVC MEMBERS have the right to change or modify the reservation. If Disney does it without consulting you, it is Disney’s fault.

 

[nickys]

First of all, the Buyer will need to put up a credit card, at check in, so any room charges or meal charges they make will be billed to them, not you.

Second, if they cause damage, etc, Disney will usually try to put it on the Buyer’s credit card, before they come to you. They usually will only come to you if the Buyer’s credit card ‘goes bad’ during the middle of their trip. It has been known to happen, but is pretty rare. Get a good contract that is ‘accepted and signed’ by the buyer. Specify in it that the buyer is responsible for any damages they incur, or bills they left unpaid. Then, if you need to go to some type of legal action, they don’t have a leg to stand on. And you can even ask the judge to have them give you legal fees and expenses, in case you need to go to their city, to file the claim in court. In most cases, when the buyer sees that they are likely to end up paying much more, they will cough up the funds. Only in cases of absolute fraud on their part, are you unlikely to be able to collect something.

Third, as for them asking for an upgrade, and Disney just giving it to them, and then coming to you for points, I would fight Disney on that. ONLY DVC MEMBERS have the right to change or modify the reservation. If Disney does it without consulting you, it is Disney’s fault.

Out of interest, do you have to have a CC on file, if you say you don’t want charging privileges?

The issue of a contract is a good one... except that you still aren’t guaranteed to get your money, even if the court orders it. And it would be of little use to me, as a U.K. resident anyway. It would be far too expensive to pursue, in air fares and a place to stay alone.

As for the last point, that’s what should happen, I agree.

 

[FCivish3]

Out of interest, do you have to have a CC on file, if you say you don’t want charging privileges?

The issue of a contract is a good one... except that you still aren’t guaranteed to get your money, even if the court orders it. And it would be of little use to me, as a U.K. resident anyway. It would be far too expensive to pursue, in air fares and a place to stay alone.

As for the last point, that’s what should happen, I agree.

As I understand it, If you don’t want to put a credit card on file, then they ask for a cash deposit of several hundred dollars, but I will call member services and ask them specifically about that. With Magic Bands being used for EVERYTHING, Disney might now be letting people check in without a credit card. Of course, if that is the case, a lot of the ‘protection’ just goes out the window.

However, when you rent to a stranger, you ask them upfront, to send you up to several thousand dollars, immediately. The fact they can come up with that, and that they are willing to give it to you months and months in advance, with NO REFUND possibility, would help ‘vouch’ for them.

Another thing, is that if you are doing the rental yourself, it is a good policy to get their phone number and actually talk to them on the phone. It can help you get a sense of who they are, and how easy they will be to work with.

 

[correcaminos]

As I understand it, If you don’t want to put a credit card on file, then they ask for a cash deposit of several hundred dollars, but I will call member services and ask them specifically about that. With Magic Bands being used for EVERYTHING, Disney might now be letting people check in without a credit card. Of course, if that is the case, a lot of the ‘protection’ just goes out the window.

However, when you rent to a stranger, you ask them upfront, to send you up to several thousand dollars, immediately. The fact they can come up with that, and that they are willing to give it to you months and months in advance, with NO REFUND possibility, would help ‘vouch’ for them.

Another thing, is that if you are doing the rental yourself, it is a good policy to get their phone number and actually talk to them on the phone. It can help you get a sense of who they are, and how easy they will be to work with.

I don't know how Magic Bands would affect not using a credit card. In fact to charge you would have the opposite happening - you would need a credit card. You cannot charge to your band if you use cash unless you leave them that cash. However I am not sure why anyone would want to hand cash over just for that privilege. I asked someone who doesn't charge and no deposit was required.

I don't agree that sending money will 'vouch' for anything in terms of damage to a room though.

I agree about calling, though if international it's not as easy to do.

 

[tomast]

May I ask if there is someone who can explain how this "points" works?? I have cero idea on how DVC works, is there a video or something?

 

[nickys]

May I ask if there is someone who can explain how this "points" works?? I have cero idea on how DVC works, is there a video or something?

Are you asking as a potential buyer or renter? That might help us target the answers better.

If you are a potential renter, then the explanation on David’s site is a good place to start:

https://www.dvcrequest.com/dvc-rentals.asp

It’s a good introduction to how it works. But if you’re a potential buyer, then you need a lot more information. The best place, IMO, would be the Mouseowners website, who have information threads on everything DVC. Plus an active forum for asking questions.

Obviously you can ask questions here too!

But back to your question....

So owners buy into DVC, which is essentially a timeshare. But instead of buying a specific week at a particular resort, you buy a number of points which you can then use to book one of several types of villa (from a studio to a 3 bedroom villa). If you buy 100 points, then each year you get 100 points to use.

You have a home resort, where you can book 11 months ahead, but you can use your points at any of the DVC resorts 7 months ahead, subject to availability. Each room type at each resort “costs” a certain number of points, depending on the time of year. Each resort will “expire” in a different year, the first ones will run out in 2042, I think. At that point, your ownership stops.

You can use up to three year’s worth of points at a time. So if you want to stay at the Poly for a week, every other year, you can buy half as many points as a week will “cost” at the time of year you want.

There’s a starter! Ask away.

 

[tomast]

Are you asking as a potential buyer or renter? That might help us target the answers better.

If you are a potential renter, then the explanation on David’s site is a good place to start:

https://www.dvcrequest.com/dvc-rentals.asp

It’s a good introduction to how it works. But if you’re a potential buyer, then you need a lot more information. The best place, IMO, would be the Mouseowners website, who have information threads on everything DVC. Plus an active forum for asking questions.

Obviously you can ask questions here too!

But back to your question....

So owners buy into DVC, which is essentially a timeshare. But instead of buying a specific week at a particular resort, you buy a number of points which you can then use to book one of several types of villa (from a studio to a 3 bedroom villa). If you buy 100 points, then each year you get 100 points to use.

You have a home resort, where you can book 11 months ahead, but you can use your points at any of the DVC resorts 7 months ahead, subject to availability. Each room type at each resort “costs” a certain number of points, depending on the time of year. Each resort will “expire” in a different year, the first ones will run out in 2042, I think. At that point, your ownership stops.

You can use up to three year’s worth of points at a time. So if you want to stay at the Poly for a week, every other year, you can buy half as many points as a week will “cost” at the time of year you want.

There’s a starter! Ask away.

Thanks very much, I really appreciate your time, I will check the sites you mention!