[C320-list] Boat In Charter -- Practical Considerations?

[Bruce Stanley]

Years ago we put in Chartered our first yacht ...

we seldom went thru a Broker .. and the one time we did.... the dinghy was
smashed, the dinette table got a big scratch and there was broken glass to
pick up.

The cost benefit over 3 years was the fact we could offset my income in
doing so.

We also had problems with a charter couple who ruined the upper furling
unit, lost half a propeller and disputed every claim.

Would I recommend it ??? truly I cannot say yes or nay ... just be aware
you really must make it financially successful.
Only you carry the costs and responsibility...

Best of Luck

BruceS

Sydney Australia

On Wed, May 6, 2015 at 2:42 PM, Joel Krauska <joel at krauska.net> wrote:

> I'm considering holding my boat in charter.
> (both for skippered trips and bareboat)
>
> There's a school in my marina where I personally took classes 10 years ago
> who I think would take decent care of the boat.  They require ASA and do a
> written an on-the-water test of any bareboat charters.  (I am still
> responsible for maintenance, they would just do minor cleanup.)
>
> Obviously there are higher insurance expenses and the boat will get more
> wear/tear over time.
>
> I like the idea of having another 'set' of eyes on the boat from time to
> time to keep an eye on her.
>
> It's easier than having a boat partner.  I have no expectation that it will
> pay for much more than the added insurance costs and possibly some dock
> fees.  It's probably mostly a win from a depreciating business asset
> perspective, but that's nothing about boating....
>
> Does anyone else on the list do this with their boat?
>
> Could you weigh in on some of the practical considerations?
>
> eg. Putting a lock on an 'owners locker' or two.  Keeping the fridge
> stocked and asking for honor-system pay per drink?  Using combo locks
> instead of keys?  Putting in 'tracking' devices to log usage.  Extra
> 'safety' items and/or bumpers for docking?
>
> Any horror stories?
>
>
> Cheers,
>
> Joel
>