Posts: 2
From: So. Lake Tahoe, CA, USA
Registered: May 2005

posted 05-20-2005 20:00            

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I am a newbie, and I have a 1B/1Ba villa [dates, resort and location deleted] that I what to rent out. The place is fully booked in both June and July. The normal rate is $275/night. What is a fair rental rate?

Thanks

[Edited to delete specific info that might have made this post appear to be an ad. Fortunately, you have gotten some good responses to your request before I saw your post! Dave M, BBS Adinistrator]

[This message has been edited by Dave M (edited 05-21-2005).]

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Posts: 4353
From: Fairfield County, CT --Owner - Smugglers' Notch - 2 bedroom, week 33 plus float-- --- I remember PJ ---
Registered: Dec 2000

posted 05-20-2005 20:18               

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Someone in the TUG classifieds is asking $800/wk for a two bedroom unit. That's the asking price though.

Sharon

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Posts: 2
From: So. Lake Tahoe, CA, USA
Registered: May 2005

posted 05-20-2005 20:33            

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Hi Sharon,

Thanks. I also saw that listing, but it did not indicate which week. I know that you can get a 1B/1B room in August at a 10% by calling them direct. I'm sure that August will book up soon as well.

Thanks
Roy

[Edited to remove specific resort info - to be consistent with my edit of the OP. Dave M]

[This message has been edited by Dave M (edited 05-21-2005).]

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Posts: 1530
From: Ont, Canada
Registered: Mar 2003

posted 05-21-2005 06:59               

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50% of what the resort charges is a reasonable starting point IMHO although it does appear that Marriott properties can get a higher %'age. You are late in the game ie. 2 months out so that's going to reduce what you can get from the perspective that your market has shrunk by all those that have already booked their vacations.

Good luck!

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Posts: 368
From: berkeley, ca, us
Registered: Dec 2000

posted 05-21-2005 07:08               

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quote:

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Originally posted by 3kids4me:
Someone in the TUG classifieds is asking $800/wk for a two bedroom unit. That's the asking price though.
Sharon

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I saw that ad too and there's a few problems with it including the wrong listed weeks for floating gold. Even if the person did own prime summer weeks I suspect they couldn't get a reservation for July. I would bet that you could get about $1000 on ebay for your July week. Good luck.

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Posts: 1583
From: Kerman, CA
Registered: Feb 2004

posted 05-21-2005 07:36            

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I'd list it at 250.00 per night and take 225.00...

Like you said, the place is booked...

Pat

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Posts: 414
From: Nassau, Bahamas
Registered: Jul 2003

posted 05-21-2005 09:43               

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If you're gonna use ebay you'll soon find out what it's worth. Like it was just suggested ask $250.00.

I would set the reserve at $225.00 and be prepared to take the higest bidder (as long as the amount covered you MF).

------------------
A Toast: Champagne to our real friends & real pain to our sham friends.

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Posts: 1541
From: Naperville, Il- Chicago area--- Marriott Ocean Pointe Resort Platinum and Gold week
Registered: Dec 2000

posted 05-21-2005 11:52               

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I think $225.00 for a 1 bdr unit is too high of a rent. I could rent a 1 bdr Marriott Grande Vista for July of this year for $149.00 per night.
I think the unit should be rented for about $800.00 .
Jim breslin

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Posts: 1151
From: long island,ny Village at St James Club,Antigua Renaissance Aruba Westgate VV,
Registered: Mar 2002

posted 05-21-2005 13:18               

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I agree with about $800. I dont think there is any way you are going to get $1500 for a 1 bedroom. Atlantis and a few other properties yes. What you had listed, while very nice, no.

Because the resort gets $275 doesnt mean you can expect to get near that for your rental.

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