putting a cdory 25 in charter

[duff]

Has any one put a boat in charter? and would you recommend it. I'm thinking of putting a cdory 25 in charter out of seattle area. Wise idea or not! any though would be appreciated

[matt_unique]

Do you mean using a C-25 as a charter vessel?

[lloyds]

If you don't have any emotional tie to the boat, then you can probably do it without angst. But it is hard to let others use it, or have it tied up at inopportune times if you have a real tie to it. I put a boat in time share for a year and it was tough. Couldn't wait to get out of it. The other participants were well trained in the use of the boat by the timeshare company, and for the most part they all respected the care and use of it but it is just too hard when you really care about the boat. They had an accounting firm come in and really explain the ins and outs of putting a boat in charter and it isn't as cut and dried as it would seem. The profits to be had aren't really all that much.

[duff]

not the boat as much as whether the benefits out way the problems that could arise to your boat if the little bit of money you get from the charter is worth the risk and the value of the boat.

[lloyds]

There were six couples in my boat, and in the end it still didn't pencil out very well.

[matt_unique]

Oh I gotcha...some kind of charter use. Actually, I think a boat club in this area was looking for people to lend their boats for charter. The Freedom Boat Club perhaps? If that is the case, I would definitely not suggest doing it with a C-Dory.

I watched a newbie practicing docking with a charter vessel last season. He was using exactly ONE fender. I went over and offered some polite advice.

I would be too nervous about damage. No one will ever care for your boat as much as you will.

[duff]

ok that's the kinda of stuff i was wondering about So it sound like you guys would not even consider it. the charter company makes it sound good but i though there would be other thing to consider. keep the comments coming thanks again

[thataway]

IF you want to charter the boat, the best way is to put it into one of the charter companies--several in Anacortes. They take a fairly high % of the charter, and you do not have as much election as to when you can use the boat, but they maintain the boat, provide moorage, check out, advertising, insurance etc.

I have both done individual charters and long term leases of boats and RV's I have owned. Generally it is an exercise in frustration. Insurance is a real issue--which you must have to protect the boat, you and the charterer. In my experience the wear and tear on the boat is more than it is worth. I see my boat as a very personal posession. Even loaning it to good friends who are very skilled, I find that it is dinged up and not cared for the way I would care for it.

There can be tax write offs (see your accountant), but again, for a C Dory I doubt that it is worth it. Many of the larger vessels are in full time charter programs and they may be successful, but often come with a skipper and crew, who care for the boat, and guests.

[Sea Wolf]

To charter a boat, you'd have to consider it a 100% business deal, and be in it to make $$$.

Like renting a house, you don't think about how you'd like to keep it up to a standard to live in it yourself, but how to operate it as a business proposition, period. Forget the emotional attachment.

If you like, love, or cherish your boat, forget it!

The only way I'd get into any kind of a deal like this is a 1/2 partnership with another family I'd known for years closely and knew we could share a a boat and resolve any issues that might arise. Few would qualify at that level, and we'd probably want to use the boat at the same time because we wanted to go together!

Joe.