SOURCE: ResortShare

ResortShare

June 11, 2015 12:00 ET

ResortShare Helps Home Owners Associations Recoup Losses on Deliquent Timeshares

IRVINE, CA--(Marketwired - June 11, 2015) - Listed twice in the Orange County Business Journal’s list of “Fastest Growing Companies in Orange County,” ResortShare has effectively turned the timeshare industry on its head, changing how timeshare owners are perceiving and managing their ownerships.

Now, ResortShare founders Jay Yadon and Ryan Beachum have announced they are extending their rental services to benefit not just individual timeshare owners, but to Home Owners Associations as well.

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. 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 turning it into attractive vacation packages. ResortShare then makes those packages available for rental to the millions of people searching on the leading travel websites such as Booking.com and Priceline.

"We turn delinquent and stale inventory into rental income,” ResortShare founder Ryan Beachum explains. “This helps the HOA keep maintenance fees low and owners happy. Everybody wins."

Additionally, ResortShare, which charges no upfront fees, has an optional program in place where HOAs can offer their owners these same rental services as well. Often, owners find themselves with time they can't use. Making this service accessible to both owners and HOAs keeps everyone associated with the vacation ownership happy.

Timeshares, with their full-kitchens and multi-bedroom accommodations, are a very 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.

“Renting a timeshare takes more than just knowledge, it also requires time,” co-founder Jay Yadon adds. “Home Owner’s Associations and the typical property management company just don’t have the kind of bandwidth to individually rent out all non-performing inventory. ResortShare has mastered how to use this type of inventory to maximize its potential. This is what we do.”

About ResortShare:

Started in 2010 by Jay Yadon and Ryan Beachum, ResortShare is a simple and trusted platform for timeshare owners to optimize their ownership. The company has earned thousands of satisfied clients and an A+ rating with the Better Business Bureau.

Embedded Video Available: https://www.youtube.com/watch?v=FdLQ0Tu0A5U

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