Home Owners Associations Can Recoup Losses On Delinquent Timeshare Through The Help Of ResortShare

Through Solid Partnerships and Expert Experience, ResortShare Provides the Solution to Unused Inventory

Recognized by Inc. 5000 as one of America’s “Fastest Growing Companies,” ResortShare has effectively turned the timeshare industry on its head by changing how timeshare owners perceive and manage their ownerships. ResortShare is extending its rental services to benefit not only individual timeshare owners, but also the Home Owners Associations (HOAs) that maintain them.

“When an owner stops paying maintenance fees, the Home Owners Association is stuck with unused inventory that sits vacant for months, sometimes years, costing the HOAs tens of thousands of dollars,” ResortShare co-founder and CEO Jay Yadon explains. “In order to recoup these costs, HOAs are often forced to raise maintenance fees and the cycle repeats.”

The extension of ResortShare’s services will create revenue for HOAs by taking their non-performing inventory and creating attractive vacation packages for millions of travelers to choose from. ResortShare’s strong relationships with some of the leading travel websites such as Booking.com, Expedia, Hotwire and Priceline, as well as on its own dynamic booking site, allows them optimal reach when listing these unused timeshares.

“Renting out unused timeshares takes more than just knowledge, it also requires time,” Yadon adds. “HOAs and the typical property management company do not have the kind of bandwidth to individually rent out all non-performing inventory. ResortShare has mastered how to use this type of inventory and maximize its potential. This is simply what we do.”

ResortShare, which charges no upfront fees, has an optional program in place where HOAs can offer its owners these same rental services as well. Owners often find themselves with time they cannot use. Making this service accessible to both owners and HOAs allows all parties to maximize the monetary potential of their vacation ownership.

Timeshares with full-kitchens and multi-bedroom accommodations are an incredibly attractive alternative to travelers accustomed to standard hotel box rooms. By giving travelers access to non-performing inventory, ResortShare helps HOAs recoup their losses, while offering travelers a luxury vacation experience at an affordable price. ResortShare turns delinquent and stale inventory into rental income, which helps the HOAs keep maintenance fees low and owners happy, creating a win-win situation for all.
About ResortShare
Honored with the Best in Biz International gold award for “Most Innovative Service” and listed three times in the Orange County Business Journal’s list of “Fastest Growing Companies in Orange County,” ResortShare, an Inc. 5000 recognized company, aims to change the common misconception of timeshare ownership. By creating a simple and trusted platform that enables ultimate optimization for owners and their timeshare, ResortShare makes the exclusive resort experience available to vacationers all around the world. Committed to providing direct, expert and clear assistance in timeshare resources, education and management, ResortShare gives back full control to the owners and HOAs and ultimately gets the most out of their unused time. For more information on ResortShare, visit www.ResortShare.com or contact media@resortshare.com. Follow them on Facebook at www.Facebook.com/ResortShare, on Twitter @ResortShare.

2015-12-28T17:37:16+00:00December 2nd, 2015|Tags: , , |