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The Issue With Trying To Rent Out Your Timeshare

September 3, 2019 – by Primo Management Group

It’s so easy to do, we actually don’t know why we don’t do it ourselves; thousands of people are calling every day for these properties, we’re really doing you a favor. That’s what you were told when you ask the question about renting out your timeshare. Before you bought in you knew that you didn’t want to vacation in the same place every year and that you would have questions about renting out your time. The company assured you that this would be the easiest thing you have ever done in your life and that there are so many tourists that would desperately want to rent your property that it would not only be easy, but you could actually make a lot of money doing it. Then you found out that’s not exactly true.

How do you market a single property at a vacation destination for a specific time? Call a major marketing agency and ask that same question and they would probably struggle to give you an answer. For example, if you have a timeshare in Orlando and you have access to it during spring break but now your kids have graduated from college and this year you and your spouse want to take a trip to Italy, what do you do? You were told that renting out that time would be easy but how do you find people who are looking to rent a place during spring break in Orlando? These tourists come from all over the world. There are a few sites you might be able to list your property on but there’s no guarantee you will get fair value for the property or even a response.

Imagine for a minute if you were lucky enough to find somebody willing to provide you fair compensation for that week to rent out your timeshare. They visit the property during spring break and cause damage to it. Who do you think is responsible for those damages? It will not be the other tenants, it will not be the people who rented it from you, it will not be the company in charge of managing the property and it will not be the company that owns the property. The responsibility of repairing the damage done to the unit will be on you.

These are the headaches that timeshare owners have to deal with all the time. They cannot get out of this agreement; they cannot rent out the property and they truly feel stuck. The only way to get out of this challenging situation his by hiring an agency that specializes in canceling timeshare agreements. If you are thinking about purchasing a property, don’t. If you already have and are dealing with this situation, contact us today for free consultation.

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Frequently Asked Questions ?

How does PMG get me out of my timeshare contract?

PMG is not a resale, transfer, or donation company. We are consumer advocates—we help to negotiate the release of your timeshare contract obligation. We do not buy, sell, or rent your timeshare. Simply put, we help you to get out of your timeshare contract forever.

How long does the process usually take?

Usually less than 12 months, but it all depends on your situation. If your timeshare is free and clear with no mortgage, then the process may only take 3-9 months.

Speak to your advisor about the time, and what delays the resorts have put into place to prevent timeshare owners from departing their ownership. If you have a mortgage or past due maintenance fee, the process takes more time.

How much is my timeshare worth?

This is probably going to hurt, but whether you paid $5,000 or $50,000 for your timeshare, the IRS values all timeshares as worthless investments. In addition, that timeshare would have negative value due to the annual maintenance fee bill which compounds year after year. That is until PMG helps you cancel your timeshare.

Can I use your service if I still have a balance owed on my mortgage?

Yes. Whether you bought your timeshare 20 days ago or 20 years ago, PMG has a solution for you and is here to help.

Will my name be off the timeshare?

Yes! Permanently! GUARANTEED!

In addition to getting me out of my timeshare, can you recover the money I’ve already spent on mortgage payments and maintenance fees?

While we are able to recover money in rare cases, beware of any timeshare cancellation company that entices you with the promise of fund recovery. The truth is, timeshares are loath to give back the money they’ve already taken.

Are your consumer advocates really “consumer advocates”, or is that just a fancy word for salesperson?

Because most of our clients have had their trust betrayed by timeshare salespeople, we understand how some consumers can become a bit jaded. When you call us for a consultation, that’s exactly what you get, a consultation. At PMG, our job is not to sell you; our job is to help you get out of your timeshare. Which is why we have numerous 5-star reviews and an “A” (excellent) rating from the BCA.

Why should I choose PMG to get me out of my timeshare?

We pride ourselves on providing our customers with the best customer service in the industry. When you contact our company, you speak to a live person, not an automated system or voicemail. We go above and beyond for our customers by helping you to protect your credit and even repair your credit if needed. We offer a 100% money back guarantee, and we can provide documented proof of our success in helping customers just like you.

What happens after I sign up with you? Will I be apprised of your progress?

At PMG, we pride ourselves on our hands-on, boutique-style customer service, so every new client is assigned a case manager whose job is to keep you in the loop throughout the entire cancellation process. Your case manager is always just a phone call away.

How much is your fee?

Not all timeshare experiences are created equal. Some are more complicated than others, and every situation is different. That’s why our trained timeshare elimination consultants will ask you a series of questions designed to determine exactly what needs to be done to terminate your timeshare, how long it will take, and how they can best advocate for you. We will always seek the most cost-effective route for you.

What if I still have more questions?

Canceling a timeshare contract is not a cookie cutter process. With each situation being unique, once you complete the form below an experienced consumer advocate will call you today to discuss your options.