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EXECUTIVE PROPERTIES - Timeshare Rental Scam

EXECUTIVE PROPERTIES - Timeshare Rental Scam
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Have you ever thought on renting your timeshare? Beware timeshare rental scam companies that may reach you by phone.

Renting a timeshare is an option that you might consider if you don’t want to use your timeshare weeks anymore. Owning a timeshare can be a headache! With all the fees you have the responsibility to pay and the constant phone calls coming from the resort, it becomes almost necessary to think on a solution, especially if your debts are getting deeper.

They say you have to make something good out of something bad, and renting the timeshare could be viable… but wait! It’s not an easy task; people rather rent a room in a regular hotel or hiring the services of a travel agency that renting a timeshare since it is cheaper and easier. At MTS we receive all types of complaints every day, and one of the companies our clients complaint a lot is Executive Properties.

Executive Properties – Company Information

Executive properties is a travel management company. They have an agreement with various timeshare resorts in Puerto Vallarta, and within their services they offer to sale or rent your timeshare for large amounts of money – enough to cover the maintenance fees. Their website contains very little information, but they claim to have attended celebrities and sports figures as their clients.

According to the information Executive properties provide in their website, they have offices both in USA as in Mexico. The office in USA is located in Laredo, Texas; and the office in Mexico is situated in Puerto Vallarta, Jalisco.   No reviews are shown on the webpage, which hasn’t been actualized for a year. 

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Executive Properties – How they get in touch

As most of the timeshare scam companies, Executive properties have telemarketers who tend to contact timeshare owners that want to rent their properties.  They ask for an upfront fee that is about $900 USD, and they claim to give you the profit obtained for the rental in a 90 days period.

That leads us to the question, how do they know specifically who to call? As it was explained, due to the agreement Executive properties has with several timeshare resorts, they have an access to a database which contains a client portfolio, and that’s how they obtain the potential victims’ information.

Executive Properties – Common Complaints

common complaints

We will now proceed to expose the two of the most common complaints we receive from our clients about Executive Properties.

A man called us a few days ago. Executive properties promised him to rent his timeshare in Puerto Vallarta for two weeks, each week for $989 USD. After a few negotiations, he accorded to pay an upfront fee of $900 USD. 

The 90 days period passed by, and he still didn’t get the money he was promised. He tried to reach the company, but the phone lines were dead. He hasn’t heard anything else from the company since then.

Another complaint we had was for a resale scam. A woman from California was trying to sell her timeshare without having success. An executive from Executive properties reached her by phone, telling her that he knew a person who was interested in buying her timeshare for $18,000 USD.

She had her doubts, but she decided to give it a try since the executive told her there was no need to pay an upfront fee.  Two weeks before, she received another call. This time they told her they that the transaction was about to be done, but she first she needed to send a $1200 escrow. She agreed to do it, but that was the last time she heard from them.

If you search on the internet you will find more complaints of people who were scammed by this company. You might also find information of the company with slightly different names, a tactic they use to cover their actions.

Executive Properties – One more timeshare horror story

Timeshare rental scams are just one more of the numerous timeshare scams that can be done day by day, buttimeshare scams occur with more frequency in Mexico. There are several cases where the victim get scammed not only once, but twice or even three or more times. If you own a timeshare you don’t want anymore, you have to nip the problem in the bud, and the most effective way for doing that is by cancelling the timeshare contract.  We have mentioned the advantages that timeshare cancellation brings on our article cancel a timeshare.

Contact Mexican Timeshare Solutions for a free consultation on your matter, a legitimate company with an A BBB rating.  Our associates will be more than happy to help you, and you don’t have to pay no more upfront fees, and no charges are made until your cancellation is properly done, so you have nothing to lose, except your timeshare!

Information to Share

If you liked this article, please help us to share this information to more people in order to avoid more timeshare scams victims, how?

  • Share this link http://www.timesharescam.com/blog/116-executive-properties-scam/ on your favorite blogs and forums

 

To know more about Timeshares visit:Timeshare Exchange Companies and the Price to swap your timeshare

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16 Comments
  • Lety CarreónMay 7, 2017, 2:21 pm

    Por experiencia propia esto de los tiempos compartidos no deja nada bueno, lejos de la promesa que te hacen cuando compras con ellos, solo conseguimos problemas y una deuda de por vida, lo peor de todo es que no hemos usado nuestra membresía porque nunca tienen disponibilidad.

  • Lorena December 31, 2014, 8:31 pm

    Dont believe on "easy things " dont trust never on persons that theonly thing who want to get is your money, those people are real experts on scam, if they start offering you some great deals, like free breakfast, free meals , and sometimes some cash , pls avoid that , they only want to hook you and them get their commission, feel free to do a research first before spend some money on a timeshare stuff, be carefull pls

  • PoolOctober 27, 2014, 8:37 am

    Fraudulent timeshare schemes are becoming a very real problem, especially in these economically challenging times as more timeshare owners decide they can no longer afford them.

  • Stacey1212September 27, 2014, 11:50 am

    My parents have had a timeshare for over 9 years and have only used it twice, its amazing as we went with them the first year, unfortunately now they want to sell it as they dont use it often enough to get there moneys worth and we have only used it twice also, but have been trying to sell it for over 4 years and have had no luck with any of the companies who sell them.

    They are thinking of just walking away from it too as they cant afford to pay this years maintenance either, but are worried also as to how it will affect them..

    any help please

  • IcemanAugust 19, 2014, 10:54 am

    Whatever you do, steer completely clear of these scammers. They told me it was an investment in entertainment. At 15% with excellent credit, I just laughed at them. There are so many moving parts to the contract and so many things they don't tell you up front. Don't even let them entice you with money, food, gambling chips, free shows, extra points...don't even walk in the there. Save the 3-4 hours of your life on something better.

  • RachelJuly 28, 2014, 8:11 am

    when you email them if you get a response its a response that doesnt answer any of your questions.

  • Sandra LawsonJuly 13, 2014, 2:31 pm

    People have been warned for over thirty years on lots of TV programs and in the press about the pitfalls of timeshare,or its posher name,fractional ownership,and yet they are still buying them,the majority of timeshares are managed by crooks,its a pity because on the face of it its a good idea,its when you read the small print that the problems show up,dont touch it with a bargepole,there, you have been warned again.

  • jessiiMay 20, 2014, 9:08 am

    Thousands of people every year fall victim to timeshare Fraudwhile vacationing. The sales teams have carefully crafted and proven techniques to close sales, and are very skilled in ensuring that potential clients become timeshare owners.

  • Gab123April 15, 2014, 7:30 am

    It's often helpful to be well informed of contractual terms and conditions to prevent being caught in a financial bind.

  • KnaakApril 7, 2014, 7:34 am

    Always sad to see another person get suckered by the timeshare scam. Those always sound good when you're at the hotel and enjoying your vacation, but then reality set in. You just paid $50,000 to stay at the same hotel year after year after year. You have to pay maintenance fees on top of that $50,000 year after year after year. Then you find out you could have bought someone else's timeshare to the same place, for almost the same number of weeks, for maybe 1/20th the price. Oops. Talk about buyer's remorse.

    I work in the travel industry and we get calls 3-5 times a week from someone that has a timeshare and doesn't even know how to make reservations through it. They paid $50,000+, yet don't know how to use it. Yes, honestly. We get that question ALL THE TIME. "I bought this membership at the XYZ Resort five years ago and this is the first time we have a chance to use it. But, I don't know who I'm supposed to call to make the reservation. Do I make the reservation through you?" "No, that's not made through us and I have no idea who you have to contact for your timeshare reservation." A lot of them also ask if we're interested in buying their timeshare or if we know someone who does. "I paid $75,000 for these 100 weeks, but I'll sell the remaining 95 weeks for $50,000!" Uh, no thanks. I have my wholesale contract with the resort and can get close to the same weekly rate WITHOUT having to buy 95 weeks in advance.

    There are certainly people that really put their timeshares to use. We work with one lady that has a timeshare in Cancun. She stays there every year for her week, plus she adds on an additional 3-5 nights through my company. She and her husband are retired and they bring their kids/grandkids down there each year. But, for every 1 person that uses their timeshare like they planned on when they bought it, I bet there are easily several hundred, if not over 1,000, people that feel like they're "stuck" with the timeshare and wish they hadn't bought it.

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