CH A P T E R 10
membership model is an early adopter. It’s a tribute to Jack Nicklaus and his visionary nature that he sees the potential.
10.2 A Pragmatic Approach to VRP In every family, there is that one person—the one who’s got it all figured out. Think of the uncle you turn to for fi nancial advice. The cousin who hooks you up with the best vacation experience of your life. The niece who knows exactly who to call to get the ultimate dinner reservation—two hours before you want to eat. Today, you are that person because you are the first to learn about the Residence Clubs vacation ownership product. As you no doubt understand, when you invest in a timeshare, you receive very little for your money and you can’t get out of it. You own nothing; you control nothing. Incoming Producing Residence Clubs are a whole new ball game. Instead of getting locked into a timeshare that gives you nothing back, or a fraction of a vacation property deed with very little flexibility or value, a Residence Club membership is the best of everything . . . the best balance between family fulfillment and fi nancial fulfillment, at a price point that makes actual sense. This model has never been done before, because it’s never been possible before. The Income Producing Residence Club is an entirely new product offering. It provides rental income generated by a vacation home with downside protection in internationally branded, resort communities in top vacation locations. Members can also enjoy the use of luxury properties in over 200 locations around the world and enjoy hands-off third-party resort style rental management of their homes. This product is a way to enjoy a luxury property and create an additional income stream for individuals and families to build wealth. The innovative Income Producing Residence Club program is being utilized by major brands worldwide while the Jack Nicklaus Residence Club expands internationally.
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