- How does ROGs rental program work?
- Do I have to opt-in to the program?
- Who is the rental manager?
- How much can I earn from renting my property?
- Am I liable to pay tax on rental earnings?
- Is ROG entitled to use the unit while in the rental management program?
1. How does ROGs rental program work?
ROG runs a superior rental management program allowing owners to earn additional income on unused weeks. The program pools the owners rented weeks and each owner receives a portion of the net rent, regardless of whether their unit is rented. ROGs rental program is optional.
2. Do I have to opt-in to the rental program?
The rental program is not mandatory. Owners have the option to privately rent their units, or rent them through a private rental management company. The risk is that your unit may not be rented when you need it to be.
3. Who is the rental manager?
ROG arranges a local rental management company at each location. ROG also drives rentals in-house thus increasing rental opportunities, through alliances and marketing efforts with the CPGA and Leisure Link.
4. How much can I earn from renting my property?
Owners who participate in the rental program receive a portion of the gross rental revenue generated through the rental management company contracted to rent ROG resort homes and a portion of the gross rental revenue if rented directly by Resort Owners Group. Resort Owners Group does not charge any fees or receive any fees on the rentals described above. The portions vary for each location.
5. Am I liable to pay tax on rental earnings?
ROG suggests that individuals seek advice from their accountants.
6. Is ROG entitled to use the unit while it is in the rental management program?
Yes, ROG is entitled to use the unit when it is in the management program and you will receive your pooled share of earnings.