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Fasttr

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  • in reply to: 2018 … forgot to convert to points….options? #1958
    Fasttr
    Participant

    This board is not very active in providing a lot of responses to this type of question. You would be better off posting this over on the Marriott board of TUG here….. https://tugbbs.com/forums/index.php?forums/marriott-vacation-club.29/

    Good luck!!

    in reply to: Scam Prevention- Verified Seller #1836
    Fasttr
    Participant

    Dude…don’t get so defensive. You were suggesting the site set up a system whereby successfully reported transactions were the basis for adding comfort to those looking to rent points.

    I was merely satiating that I would only take comfort from postings done by a person who received the points, posting that the person who rented them the points was excellent to deal with.

    Praise in the other direction does me no good as a person looking to get comfortable before I paypal some $$ to somebody.

    Just sayin’…..

    in reply to: Scam Prevention- Verified Seller #1831
    Fasttr
    Participant

    Yeah, but the last few reviews of you came from you. Not sure that is very helpful if your ratings are based on self reviews. I know you are not a scammer….but a scammer could easily do the same thing.

    in reply to: Scam Prevention- Verified Seller #1676
    Fasttr
    Participant

    Steven….if you want to keep yourself out of a lot of administrative responsibility with verifying users, etc., why not just set up “reduced scam risk recommended transfer procedures” that recommends after the general deal has been agreed to (price, # of points, which use year, etc), the seller transfers 25 points to the buyer to represent that they have an account, they have transferable points (some don’t realize banked points cannot be transferred as an example until its very late in the attempted transaction), that the points are for the Use Year agreed, and after that initial 25 point good faith transfer, $$ can change hands at which point the seller will transfer the remaining points as agreed. That keeps you out of it, and provides the buyer with some assurance that the seller is real, has an account, has points that can be transferred, etc…all with much more limited risk of getting screwed. From the seller perspective, worse they are out is 25 points if they never get paid.

    Also, on the buyer side, after you get a points transfer, you do get an email from MVC (it can take a few days in my experience) stating that you received a transfer of X points and it does tell you the name on the account from which the transfer came from, so if you get screwed on the larger transfer, at least you have a real account name from the first 25 points initial transfer to attempt to have MVC help you out a little if they are inclined.

    You would just have to make this the recommended/preferred approach and make it well known so that everybody understood the expectations. As a seller, I would look at this as a small additional inconvenience but would willingly comply as I understand that it is likely necessary to keep this peer to peer rental system as a positive and safe marketplace for all.

    in reply to: Legacy Points & Trust Points #1538
    Fasttr
    Participant

    Trust points are points received when you own pure Trust points in the Destination Club (DC). Legacy (or Exchange) points are points that Legacy weeks owners received when they exchange their week for points in the DC.

    In 99.9% of the cases, both points will do the same thing. On very rare instances, usually in the 13 month booking window (before 12 months), there may be an unusual reservation that will only allow Trust points to book it, but again, that is very rare.

    As for combining points, yes you can do that, but if booking online, the system will demand that each individual night’s points value be booked with either Trust or Legacy points, so that can cause some issues. Lets say you want a 2 night ressie that totals 500 points. You have 250 Trust and 250 Legacy. If both nights required 250 points, the system would allow you to book the 2 nights using a combination of your Trust and Legacy points. But, if for example, one night costs 300 points and one costs 200 points……the system would not allow you to book the 2 night ressie because you do not have the correct combination of points. Some folks have reported if you run into that issue, you can call MVC and speak to a Vacation Owner Advisor and they will be able to override the system and book it for you.

    Hope that helps.

    • This reply was modified 3 years, 9 months ago by Fasttr.
    in reply to: Need help Renting out points #1514
    Fasttr
    Participant

    These are the only ones that can be Transferred to another members account.
    Use Year: 1 August 2017 – 31 July 2018 | Points Available: 2,000 : Trust Points

    Any of the 7600 can be used to book reservations for others and adding their names to the ressie.

    Good luck with your rental. This site is a great free service StevenTing and GregT keep operational for the MVC point rental community!!! Welcome aboard.

    • This reply was modified 3 years, 10 months ago by Fasttr.
    in reply to: Status of this site? #908
    Fasttr
    Participant

    The classified listings have been few and far between over the past few months that's for sure.  Not exactly sure what that means.  Could be fewer enrolled weeks owners are converting their weeks to points.  Could just be that more folks are actually using their points rather than renting them out.  Will be an interesting thing to keep an eye on for sure. 

    in reply to: Great Experience with marriottfan #903
    Fasttr
    Participant

    I already posted my review of the transaction itself, which was great, but I felt compelled to add another review regarding just how much help marriottfan was in making sure our vacation was arranged the way we needed it.In the months after our transaction, I contacted marriottfan more times than I could count to switch room view classifications to line up view categories. He was always professional, very responsive and incredibly helpful with great advice. I even contacted him for a last minute change only days prior to our scheduled vacation, which required him to call the DC points program himself, and he did so without hesitation. Just an overall great experience and I would recommend anyone in need of points to contact marriottfan.

    Sounds like he should have charged you more to be your personal travel agent!!  😉

    in reply to: Marriott Vacation Club Destinations Information #475
    Fasttr
    Participant

    yes, Aruba.  However, the weeks can be converted to points at a slightly lesser overall value than the actual point requirements for the stays...actually the "gold" 3 bedroom week in the bundle is break-even or slightly higher on conversion for most dates in Gold.  Are there any significant caveats that i should be aware of with this type of purchase?

    Yeah, getting converted points at a value slightly less than actual requirements if you were to book a ressie is something called "The Skim" over on TUG.  Its there in almost all circumstances for nearly all enrolled weeks and it is what it is.  I have not heard of any issues with the Aruba enrolled weeks, so no red flags from my understanding.Quick question.....are you in love with Aruba and see yourself often using your owned weeks (perhaps at least every other or every third year), or did you just find the deal intriguing as a way to get into the system at the $10 per point cost?  The reason I ask is that through Marriott Resales Department (https://www.marriottvacationclub.com/resales/index.shtml) many have done a hybrid deal, where you buy a resale week from Marriott's Resale department, AND you buy a bundle of points which closely approximate the point value of the week.  Many have done a deal in that fashion at a price per point of around $7 or less in some instances.  I don't believe they peddle Aruba week (at least they don't list any on the site I linked), but if you are not married to Aruba, perhaps a better overall deal can be had.  Figured it was worth a mention. 

    in reply to: Marriott Vacation Club Destinations Information #473
    Fasttr
    Participant

    Fasttr:No, it's not a resale.  It is actually an offer from Marriott.

    Gotcha.....if you are not purchasing points too, in a bundled package, and its just weeks, can I presume its somewhere they are still selling reclaimed weeks...like Aruba perhaps?  I have heard they are doing this at a couple Caribbean locations as reclaimed weeks there cannot be put into the U.S. Land Trust. 

    in reply to: Marriott Vacation Club Destinations Information #471
    Fasttr
    Participant

    I presently have an offer for a guaranteed couple of weeks with a very popular home resort advantage in platinum season.  The 2 weeks have a trade in point value of over 6800 at right around $10/pt. 

    Regarding this ^^^..... Are you talking purchasing resale weeks from a current owner?  If so, just making sure you are aware that if you purchase the weeks resale, the point conversion that the current owner may currently enjoy will not pass to you as the new owner.  Resale weeks purchased from a 3rd party, purchased after June 2010 cannot be enrolled into the DC point program without a window of opportunity opened up by MVC, and those all require a purchase of points from MVC to allow the resale week to be enrolled. 

    in reply to: Marriott Vacation Club Destinations Information #469
    Fasttr
    Participant

    I?m thinking of purchasing the minimum 1500 VC points. I would like to minimize maintenance fees and maximize my vacation potential.  With this scenario I have a few questions I hope someone can answer:1. Would it be a good strategy to rent points every year to go to my destinations?2. Are large lumps of points..say 5500 +/- usually readily available more than 12 months in advance?3. If so and I were able to ?roll? 7000 + points in my account year after year, would I be able to take advantage of ?Premier Plus? status to book out 13 months in advance?Thank you!

    1.  Yes....once you are a DC club member....renting points is the most cost effective way to leverage up your membership.  It affords you the ability to add as many, or as few points are you may need in any given year, for approximately what the MF's would be on the points if you owned them (but without the upfront purchase costs to obtain them if you were to own them).2.  Historically yes.  There are some mega owners like TimG and a couple others who have large sums of points in any given year.  Likely way more than they could ever totally get rid of.  Then there are others with chunks of 3000+ or 5000+ points that roll in and out of the rental game as their needs allow in any given year.  I have never seen supply to be a problem here on VPE.3.  Rented points do not count toward ownership status, only owned points do. 

    in reply to: Can you book Jan 1-5 2017 with 2016 points? #901
    Fasttr
    Participant

    As long as the first day of the reservation is in 2016, then you can (and in fact must) use 2016 points for that entire reservation, even if some or even most falls into 2017.But if check in day is 1/1/17 or later, you must use 2017 points.

    in reply to: Using 2018 points in 2017 #900
    Fasttr
    Participant

    If you elect your 2018 week for points, you would then just borrow back into 2017 the points you wanted to use in 2017, and leave the rest of your points in 2018 so you can use them in 2018.If you borrowed back all of your 2018 points into 2017, they would be stuck there and you would not be able to move them forward again into 2018.

    in reply to: Points in Holding Account #898
    Fasttr
    Participant

    Unfortunately no they cannot.

Viewing 15 posts - 1 through 15 (of 69 total)