EXECUTIVE PROPERTIES - Timeshare Rental Scam
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.
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
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
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To know more about Timeshares visit:Timeshare Exchange Companies and the Price to swap your timeshare