Used OwnerDirect for a condo in Panorama village a few weeks ago. Worked out great. I also took out insurance through them for $20 for the whole stay which apparently protects me if the ad was a scam.
I think the best thing to do is look at reviews to help ensure that the place is legit. I also recommend taking the insurance if the website has it (in our case the $20 insurance was only about 2% of the total cost of our condo for 3 nights).
The place we stayed in was really nice and was over 50% cheaper than similar sized condos we could've booked through the Panorama lodging company. I will definitely look at using VRBO or similar in the future.
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