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Need advice on "renting"/trading a timeshare in Maine this summer

timeshare maine acadia national park

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10 replies to this topic

#1 JustPractical

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Posted May 25 2015 - 01:48 PM

Looking for some advice regarding timeshares and interval international. We have a timeshare in Maine near Acadia national park. It is two unites (sepate appartments), each with a bedroom, bath, kitchen, living room, etc. and they share washer/dryer. We use one of them, and for the other we usually invite family to stay in. This year do to health issues, no family can go, so I can either join Interval international, or let the management of the resort rent the unit for the week (we get $99 for each day they rent it, but they rarely can rent it for all 7 days). I would rent it out myself and get more cash, but I am responsible for whoever stays in the place (and any possible damage they do - i.e. no pets no smoking). I have zero experience with Interval International. Since the unit appears to have value because it is a "prime week" and fixed, and the place sleeps 4, is Interval International the way to go, or is it too late to get a good deal through them? Keep in mind I would have to pay to join interval international. Any advice?
If you need more info to give advice, let me know. FYI for those who can search in Interval, the resort is in Ellsworth. Thanks!!
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#2 spitdog

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Posted May 25 2015 - 02:06 PM

Why don't you just look for a property management co. In the area and see what percentage they want for handling the rental.
As least you wouldn't have to join anything.

#3 JustPractical

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Posted May 25 2015 - 06:17 PM

The only ones allowed to rent it out are the company that owns the property. If I rent it to someone, and they wreck the place, it's on me.

#4 Slyder

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Posted May 25 2015 - 06:21 PM

Join Interval and bank the weeks for a better time to use them.

#5 JustPractical

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Posted May 25 2015 - 06:31 PM

Join Interval and bank the weeks for a better time to use them.

Yes, but I was told if I did not bank them by June 1, they would not be as "valuable". I didn't really understand what was involved - I get the sooner you put it in, the more people can book it sooner, but I realyl am not clear on how easily I will be able to book something in exchange. Any experiences?

#6 MGRGPGBG

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Posted May 25 2015 - 07:08 PM

I have had very little luck with interval getting a reservation any place other than Orlando Florida. There are tens of thousand units there to be traded but if you want someplace else it is extremely hard to trade especially during school holidays. Depending on what you own they have a rating for it. The more desirable resorts have a higher rating and if yours is not close or equal you never get in. It's a tricky setup. My parents have a few units that they bought and now can't get rid of them as no one wants to buy time shares anymore. I bought a week at Atlantis Bahamas that I am trying to unload with no luck.

#7 surly

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Posted May 25 2015 - 07:21 PM

If you join RCI they allow you to trade, sell and bank timeshares all over the world.

#8 carguy110

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Posted May 25 2015 - 07:35 PM

My girlfriend's mother has a time share along with Interval International; however, it's my girlfriend and I that get the most use out of it. The ability to choose between thousands of destinations is awesome. Also, you can save unused weeks for up to 2 years. If you want to rent out a unit to someone not on The deed, you need to pay $130 or so for a guest certificate.

I also sat through one of those timeshare promotion things. Diamond Resorts is also another exchange company you can look into.



#9 Incognito

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Posted May 25 2015 - 09:03 PM

What weeks are you trying to rent, what is your lead time? The second and third weeks in August are the most in demand. Early July, after the 4th, is tough.

You can rent it yourself but you have to decide if the effort is worth it.

Don't be surprised if rental agents take 30% of the rent.

Go to Tripadvisor, Airbnb and VRBO and see what rentals others are getting.

I have been renting out a condo in Greenport since 2008 with insignificant damage issues.

The easiest way to do it is by advertising on Craigslist, just watch for the scammers.



#10 JustPractical

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Posted May 25 2015 - 09:30 PM

It is one of the condos at Acadia Village Resort.
It runs from July 31 (Friday) at 4pm until the following Friday (August 7) I think checkout is 9 or 10am. It is a fixed week timeshare.
If someone here belongs to Interval, can you offer some advice on if it pays to trade it in? As MGRGPGBG pointed out, it can be hard to get reservations at another palce. This is the part I am not familiar with. If it's a "no problem as long as you book two years in advance" I'll just rent it and call it a day.

#11 Incognito

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Posted May 25 2015 - 10:02 PM

That is a highly desirable week.
Put an ad on Craigslist and see what hits you get as you explore your other options.






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