Owning a yacht for rent can be profitable, but it rarely “pays for itself”. Renting your yacht has some unique benefits that can create opportunities to get a return on your investment in many ways. The charter market is a thriving industry, with charterers willing to pay a good amount of money for the private use of a boat, be it a luxury yacht, a weekend sailboat, or a one-day fishing boat. The COVID-19 pandemic has made this sector grow tremendously, as people are looking for a vacation with social distancing that they can enjoy with small groups of family and friends.
Classic yachts always have a market in the charter sector. An off-market opportunity that will soon be put up for auction is currently in full rental operation and could very well be acquired by a new owner. Once you have the annual fixed cost number, the data on the average daily cost and the average cost per hour and the charter rate, you can start multiplying everything by the number of days chartered. For most yacht owners, the real net benefits of renting yachts are little more than a vague and distant dream. As an alternative to listing your boat in a traditional rental agency, boat rental plans offer the option of leasing your boat to an agency in exchange for guaranteed annual income of between 8 and 9% for a specified period of years (usually five). The income earned by renting the boat can offset the cost of owning the boat and, at the same time, allow owners to fish on board while they are in town. Charterers with sailing or sailing qualifications can rent their boat and take full control of it, plan their own itinerary, make sure it is stocked, and sail and dock it themselves.
Smarter Charter for yacht and aircraft owners is an improved patented management protocol that offers significant competitive advantages to owners of yachts and aircraft for rent by significantly reducing their ownership and operating costs while maximizing POSITIVE cash flow and NET PROFITS AFTER TAXES. The relationship between the purchase price, rental rates and operating costs cannot be applied to all investments made in yachts that are in the rental market. The benefits gained from charter fishing are outweighed by the fixed costs of owning a boat. In addition to his experience building ships, Howell's position within the North Carolina charter fishing community helped with these projects. This last type of boat has made a fortune for charter companies and owners who can rent it well, even if they target customers who would not be able to rent a similar size (more than 65 feet) built in Holland or Italy, for example.
López's vision of bringing this beast from the East to Texas involves a hybrid model comprised of commercial and charter fishing activities. Then, assign an average number of engine hours per day of charter fishing (usually 10 hours) and multiply that by the hourly spending rate. In conclusion, owning a yacht for rent can be profitable but it rarely “pays for itself”. With the right yacht rental management agency, you can take advantage of all the benefits of renting your own yacht: offsetting operating costs, keeping your crew prepared and your boat in top condition, and building a brand reputation.
