Timeshare and timeshare reselling is a billion-dollar industry—it’s a major business. So if you’re going to invest in a timeshare, you need to know all the ins and outs of the industry.

First off, you need to get the property insured. This will protect your interests in the property.

You should also be aware that there are many scammers out there. Timeshare scams are prevalent, and you should know how to stay away from them—hanging up phone calls from telemarketers isn’t going to cut it.

According to studies, two out of every three timeshare owners have been scammed in one way or another. If you’re planning to sell your timeshare, make sure you know what the scams are so you can see them a mile away. Read up.

If your property is not insured, then you’re in trouble. While salespersons will approach you in a trustworthy manner, you can never be truly too sure. Get all the necessary information you need to maintain or sell your timeshare—get a lawyer or call the regulators.