DisneyWalker44
DIS Veteran
- Joined
- Nov 29, 2008
Yep - they not only report it on the income tax, but they pay the state of Florida the required sales and tourist development taxes.You assume people will even report the rental income....
Yep - they not only report it on the income tax, but they pay the state of Florida the required sales and tourist development taxes.You assume people will even report the rental income....
No.Just for fun...
What about 'renting' points to another DVC member - where the points are transferred into the renter's DVC account. Is the owner of the points responsible for any damges incurred by the DVC owner that uses them?
Just for fun...
What about 'renting' points to another DVC member - where the points are transferred into the renter's DVC account. Is the owner of the points responsible for any damges incurred by the DVC owner that uses them?
What if the 2nd owner rents them out to a stranger and something dreadful happens...
Where does it end?
Here's my take on it...
If you transfer points to another DVC member, the points leave your account and go into theirs. You no longer have control of the points or their use. If the other member were to rescind payment for the points, DVC would not give the points back to you, because you have given up your rights to ownership of those points. Therefore the new owner of the points assumes liability for anything that happens in conjunction with those points.
I've always thought it was preferable to transfer to an owner even if it meant getting less $$$.
When exactly did become okay to rent points for money? I recall it being prohibited when I bought the points in '94 and then it changed...
ROFL... that's why you'll notice that I put "rent points" in quotes (just as you put the word "renting" in quotes in your OP). Even though the term is often seen on the boards, you're actually renting a reservation to someone, not points...
And this is EXACTLY why I would NEVER rent out my points to anyone other than someone I know!
Next time, rather than let them expire, try finding a member who needs them and transfer them instead. I've had good luck with two different transactions and transfers. One I transferred in because I needed extra points for a family gathering and one I transferred out because I had too many points. Both were smooth as silk transactions.There's no way to do that. Besides, while you're checking in, you're asked if you want to put a credit card on your room keys. So...if the renter doesn't know at the time that it's possible, they soon will.
This is another reason that I have never rented my points. We let 50 points expire last year for this very reason.
Taking someone to court can be an expense too. Unless you both live in the same state, there are some real problems there as well.
Whoever has their name on the reservation gets to say who gets charging privileges.
So here's a question: If an owner rents a reservation, but in addition to the renters' names, he also puts his OWN name on the reservation, can he then specify "No charging privileges?"
So here's a question: If an owner rents a reservation, but in addition to the renters' names, he also puts his OWN name on the reservation, can he then specify "No charging privileges?"
Remember, they aren't "using your points." You used your points. You made a reservation. And then invited a guest to stay in the room.How are we held liable, just because they are using our points?