Are there any drawbacks to having 2 or more contracts?

[rnorwo1]

I am thinking about DVC and understand that for reselling the contracts, having multiple contracts are much better than one large contract. Are there any drawbacks to doing this, such as more hassle with making reservations because of having to combine points? What if the contracts are at two different resorts... are they both considered home resorts, in terms of the 11/7 month windows? And should you have both in the same UY?

 

[Didney Daddy]

Multiple contracts are no problem. I would recommend having the same use year for ease of planning. We own 6 contracts at 2 resorts all in the same use year. The 11/7 applies to each home resort. We enjoy the flexibility. We own at SSR and BCV, love them both. Most of our points are at BCV because it is our favorite.

When you sell your contracts, the smaller size contracts are much easier to sell.

 

[Laurajean1014]

We own 8 at 2 different resorts with the same use year. I like it. We couldn't buy all the points in one sweep at first, so smaller contracts worked well for us. It's also easier to sell or disperse to the family.

 

[rnorwo1]

Does it matter which resort has the greater amount of points? Are there more perks with that particular resort or something?

 

[Dean]

Does it matter which resort has the greater amount of points? Are there more perks with that particular resort or something?

The only advantage to having points at a given resort is the 11/7 priority for reserving there. This can be big if you want a type of room you can not get otherwise such as a standard view or BW view or a GV at BWV part of the year. The main advantages to one contract vs multiple are simplicity of accounting and the fact that the banking window is an aggregate over the entire master contract. Example: say I own two different resorts with 150 pts each and I end up having to cancel a reservation made with 150 pts from ONE resort only. If they are under one contract, I could bank all 150 even inside the 50% window and 75 within the 25% window. If they were separate masters (usually,but not always, different use years) one would only be able to bank 75 pts in the 50% window and 38 in the 25% window. There are actually 3 scenarios.

• Multiple contracts for one resort and one use year under one master - this is treated the same as a single large contract other than for selling type purposes.
• Multiple contracts with at least 2 home resorts under one master. - You only get the home resort priority for the pts from that resort but get to easily combine points at the 7 month window. You get the banking umbrella over all the points.

There are advantages to having multiple masters as well. These include:

1. Choosing which contract/use year to use when making X reservation.
2. Being guaranteed you can sell or give any contract you own separately.
3. Being able to take advantage of the limitations and nuances of the transfers from one account to another.
4. Having more flexibility and options when looking for a contract. Likely leading to a lower cost per point and overall, getting a better contract in terms of numbers of points and points available.

The disadvantage of totally separate contracts are essentially the advantages of the single combined contract. However, one can still transfer points from one to another and in a limited way, even for banked or borrowed points. What's bests depends on one's situation. For who who wanted to go to X resort in the summer and Y resort at Xmas and needed a fairly substantial contract, owning separate ones is by far the best choice. For small add on size contract alone or those who can't balance their check book, getting them all in one is likely the best option.

 

[paults]

Does it matter which resort has the greater amount of points? Are there more perks with that particular resort or something?

NO it's just that where ever your pts are you have the 11 months booking advantade with those pts at that resort only.

EXample: 100 pts at BWV and 50 at OKW. At 11 months you can book a room at BWV with only the 100 pts you have there. Same for OKW you can book with the 50 pts only for the 11 months out.

When you get to 7 months out you can use them anywhere.

 

[Disney Doll]

Not really.

We have 2 separate contracts at OKW. One has an October UY and one has a September UY. That was just to keep it easier for us in terms of accounting and banking points...if the UYs were close, I would remember to bank points at both of them when necessary.

I just keep track of them using sort of a running "tab". A lot of folks use computer programs and such, but that seemed complicated to me than my method.

My tracking system ends up looking something like this:

200 October 1 point allocation
-50 Nov.1-5 studio OKW conf#12345 s/w John
150
-125 BCV 2BR February 2-8 conf#98765 s/w Mary
25 banked March 1 bank # 2468 s/w Susie