Rent a Timeshare in Aruba【 GREAT DEALS 】Rent By Owner™ (2024)

FAQs

Do people rent out their timeshare? ›

A frequently asked question by timeshare owners is, “can I rent out my timeshare?” The answer is generally yes. Most timeshare owners can safely rent out their weeks or points by using a marketplace such as Timeshares Only.

And if you're a traveler, renting can offer you spacious vacations at some of the world's best resorts — without the long-term commitment of ownership.

Aruba Beach Club (ABC) opened in 1977 and was Aruba's first Timeshare hotel.

Consider renting out your timeshare.

If owning a timeshare is appealing, you can rent out your weeks to make some of your money back, or even a little extra. The average timeshare occupancy rate is about 80 percent compared to the hotel occupancy rate of 64 percent, according to an AIF report.

Turns Out Timeshare Owners Are Actually Happy

For people who don't own a timeshare, it may be shocking to learn that an overwhelming majority of timeshare owners enjoy them. So much so more than half of them own more than one, and about 30% are looking to buy more.

The timeshare industry is valued at more than $10 billion. But one study found that as many as 85% of buyers regret their purchase. Many owners turn to the resale market to get out of their agreements, but even the most coveted properties lose value after signing.

Usually there are maintenance fees that you have to pay as long as you're the owner, and the contract often requires that they increase every single year. Most timeshare companies won't let you just walk away because that's their business model. Once you're locked in, you're locked in.

You pay for the timeshare indefinitely when you own a deeded timeshare. However, they are transferable, which means you can sell them, include them in your will or give them away. However, it's important to understand that the person who gets them after you must pay the fees associated with the timeshare.

A timeshare is a collective model of vacation real estate in which multiple buyers own or lease allotments of usage for the same property. The timeshare model is used for many different properties, with units offered in vacation resorts, condominiums, apartments, and campgrounds.

Belfonti Capital Partners today announced the acquisition of the Aruba Resort, Spa & Casino, formerly known as the Wyndham Resort (www.arubaresortspa.com), a 478-key luxury resort located in Palm Beach, Aruba in an off-market transaction valued at $230 million.

Does Aruba have timeshares? ›

Aruba is one of the most popular timeshare destinations in the world.

Escape to Aruba's northern coast, steps from the stunning white sands and turquoise waters of Palm Beach, and revel in free WiFi and limited parking, a gym, and pool with a swim-up bar at Brickell Bay Beach Resort Aruba, Trademark by Wyndham.

The median household income of new timeshare owners is over $90,000 with seventy-two percent working full-time. Twenty-three percent have graduate degrees and an astonishing seventy-two percent are college graduates.

Renting out your timeshare on Airbnb can potentially generate extra income and help you mitigate the costs of ownership. Still, several factors should be considered before jumping into such a venture. Find out if your timeshare company and the area where it's located allow subletting and vacation rentals.

Can Timeshares Be Rented Out? Whether timeshare owners can rent out their units to others varies based on the resort and the type of ownership (deeded vs. right-to-use timeshare), though generally, the answer is yes. Many owners can rent out their units week or points to others in the secondary marketplace.

Terms of Your Timeshare Agreement

Some restrictions and limitations may apply to subletting your unit. Some timeshare companies forbid listing units on Airbnb and other similar platforms. Others may allow it as long as certain conditions are followed. Thoroughly read your contract to determine if subletting is allowed.

Getting out of a timeshare is a notoriously difficult process that can quickly eat up your time and money. Read our guide to learn the top five strategies for how to get out of a timeshare, the associated costs and who would likely benefit most from each method.

If you're already in a timeshare and want out, start by contacting your timeshare company. Some have exit programs that let you exit for a modest fee. But, if you think you want to hire a company to help you, take some steps before you sign: Research the company.