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Post by BWV Dreamin on Jun 17, 2023 6:06:24 GMT -5
So there was an interesting post on FB yesterday from an owner complaining about a new change in the the rental payout amount from a very popular DVC rental broker. Apparently, they are reducing their payouts based on Disney’s rack rate promos. So throughout the year, your resort payout may be reduced, or your resort tier, maybe changed based on these promos.
I am having a hard time understanding this relationship. These promos are temporary, and they are far and few between. We all know certain times of year Disney runs these to attract bookings at low attendance timeframes. But to constantly adjust your payout based on this?
Also the top tier resorts ( max owner payout) keep changing. One reason is refurbs. If your resort is getting or has just gotten a refurb, it is getting bumped up in the tier process, but others that clearly should be in top tier are getting bumped down. They are saying this is based on customer demand.
Are we now seeing an a decline in the broker rentals overall? Their response is at the moment they have more points than demand and have to adjust the payouts accordingly. Maybe they should reduce their asking price to generate sales? They may have to close their spread, which they don’t want to do so it is rolling down to the owner.
I am curious to know what other’s experience has been renting through a broker. Is this pattern only happening to this individual broker? Are FB rentals impacting the brokers?
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Post by FessParker1 on Jun 18, 2023 7:43:37 GMT -5
Beach Club needs a refurb, I wonder if there discounting for that one?
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Post by brp on Jun 18, 2023 9:26:27 GMT -5
Beach Club needs a refurb... Interestingly, "furbish" means to give something a new look. So, "refurbish" is redundant, yet we all use it. It would seem odd to say that BCV needs (or is undergoing) a furbishment, even though that seems to be correct (even my spellchecker here doesn't like "furbishment" and wants to put "refurbishment.")
Kinda like "irregardless."
Cheers.
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Post by starry_solo on Jun 18, 2023 16:53:19 GMT -5
Wow, can they do that? Isn't there a contract that is signed that lists the minimum payout? Is it the site that seems to list their points for sale at $30/point and only give the owners $15/point?
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Post by tomandrobin on Jun 19, 2023 15:30:59 GMT -5
So there was an interesting post on FB yesterday from an owner complaining about a new change in the the rental payout amount from a very popular DVC rental broker. Just call them out.....They don't sponsor here and no reason to not name drop.
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Post by BWV Dreamin on Jun 19, 2023 15:48:28 GMT -5
So there was an interesting post on FB yesterday from an owner complaining about a new change in the the rental payout amount from a very popular DVC rental broker. Just call them out.....They don't sponsor here and no reason to not name drop.
Ok! Just wanted to be sure. DVC Rental Store. The discussion was on the DVC Fan FB page. |
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Post by BWV Dreamin on Jun 19, 2023 15:51:13 GMT -5
Wow, can they do that? Isn't there a contract that is signed that lists the minimum payout? Is it the site that seems to list their points for sale at $30/point and only give the owners $15/point? They can do what they want. The problem with their current model is you acquire business based on your payouts, and loyalty as well. Now just suddenly changing payouts based on fluid dynamics does not sit well with current clients. |
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Post by disney54us on Jun 19, 2023 17:27:09 GMT -5
They charge $30 and pay owners $15! That’s ridiculous. Even if it wasn’t that much of a difference, the reason why I never used brokers if I have points to rent. Through the years I’ve used the forums and have developed a small group of repeat renters, that contact me if I have extra points when planning their vacations. They have referred their friends and or family. So it works. A established relationship, that they know they can trust me and I can trust them.
I’m making the reservation, it’s my contracts I’m not taking 50% to keep someone in business. As far as refurbs, most of the people I deal with are Disney savvy and do their own research prior to contacting me. But if they are looking at several resorts I always make them aware of any known refurbs, construction etc. then it’s up to them to decide what will work or not for their family. I don’t overcharge, but I definitely am not going to give a discount rate if someone wants the BC but it’s undergoing renovations. That’s their decision.
Honestly I call bs on the broker doing this
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Post by nickys on Jun 20, 2023 9:19:48 GMT -5
Wow, can they do that? Isn't there a contract that is signed that lists the minimum payout? Is it the site that seems to list their points for sale at $30/point and only give the owners $15/point? They can do what they want. The problem with their current model is you acquire business based on your payouts, and loyalty as well. Now just suddenly changing payouts based on fluid dynamics does not sit well with current clients. But once you’ve agreed the contract by returning it they can’t then change the amount they pay, surely? If they did that to me I’d cancel the reservation and walk away. |
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Post by FessParker1 on Jun 20, 2023 10:01:59 GMT -5
I just checked their website and it says paying up to $18 a point with no other info for how much less it could be. I checked a September reservation to see what there charging because I have a cancelation and looks like their charging $25 a point.
I also checked next May and the cost was $30.33 per point.
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Post by brp on Jun 20, 2023 12:50:02 GMT -5
I just checked their website and it says paying up to $18 a point with no other info for how much less it could be. I checked a September reservation to see what there charging because I have a cancelation and looks like their charging $25 a point. I also checked next May and the cost was $30.33 per point. What they're charging and what the pay seem to be uncorrelated 
Cheers.
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Post by BWV Dreamin on Jun 20, 2023 14:27:31 GMT -5
They can do what they want. The problem with their current model is you acquire business based on your payouts, and loyalty as well. Now just suddenly changing payouts based on fluid dynamics does not sit well with current clients. But once you’ve agreed the contract by returning it they can’t then change the amount they pay, surely? If they did that to me I’d cancel the reservation and walk away. No they can’t change a signed agreement. But what is happening is you’re happy with the payout you were quoted last year. This year you want to rent with them again. Whoops, sorry, your resort is now in a different category and we can only pay you out $15/pt instead of the $18/pt you got last year. The FB conversation was why Boardwalk is only paying out $15/pt. You can imagine the comments that followed. |
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Post by BWV Dreamin on Jun 20, 2023 14:29:57 GMT -5
I just checked their website and it says paying up to $18 a point with no other info for how much less it could be. I checked a September reservation to see what there charging because I have a cancelation and looks like their charging $25 a point. I also checked next May and the cost was $30.33 per point. Yup, says “up to” but you actually have to inquire what tier your resort is on currently, and the pay out. Boardwalk has been bumped down, now pays out $15/pt. Same with CCV! But wait, because BRV just got a refurb, they are paying out $18/pt. I mean they are technically the same resort! |
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Post by Wiltony on Jun 20, 2023 14:50:31 GMT -5
Beach Club needs a refurb... Interestingly, "furbish" means to give something a new look. So, "refurbish" is redundant, yet we all use it. It would seem odd to say that BCV needs (or is undergoing) a furbishment, even though that seems to be correct (even my spellchecker here doesn't like "furbishment" and wants to put "refurbishment.")
Kinda like "irregardless."
Cheers.
Reminds me of "ATM Machine," which really just means "Automatic Teller Machine Machine" lol! 
And yeah, I cringe when people use "irregardless." It's not generally considered a grammatically acceptable word at all. One should just say "regardless" or perhaps "irrespective."
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Post by nickys on Jun 20, 2023 15:22:48 GMT -5
But once you’ve agreed the contract by returning it they can’t then change the amount they pay, surely? If they did that to me I’d cancel the reservation and walk away. No they can’t change a signed agreement. But what is happening is you’re happy with the payout you were quoted last year. This year you want to rent with them again. Whoops, sorry, your resort is now in a different category and we can only pay you out $15/pt instead of the $18/pt you got last year. The FB conversation was why Boardwalk is only paying out $15/pt. You can imagine the comments that followed. Ouch! That doesn’t sound good. No doubt they’ll call it supply and demand. ☹️ |
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