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Anyone with experience pairing up with charter captain?

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Anyone with experience pairing up with charter captain?

Old 09-30-2020, 02:47 PM
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Default Anyone with experience pairing up with charter captain?

I realize most captains own and maintain their own boats. Some knowledgeable deck hands looking to get into their own charters sometimes pair up with private owners of boats where the captains might fish 4-6 days of the week and the owner of said boat may get 1-2 days for personal use.

I hear it being done, but curious as to the legalities of it all. I realistically won’t have time to use it more than once per week, so to have a 200K purpose built fishing boat and not use it is at a high cost to me.

I’d be thrilled to make a little extra side money, but would also just be content with a charter captain subsidizing my own personal fishing expenses by a percentage of the money he makes chartering on my boat.

If anyone can offer some guidance here, it would be greatly appreciated!
Old 09-30-2020, 02:54 PM
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Would you be comfortable renting-out your boat to the general public? Because if effect, that’s what you’d be doing..

Personally I do not want unknown people on my boat wearing it out.

”make a little on the side”..?? Wait until you get the extra maintenance invoices from repairing what they wore-out and broke and soiled, and check out your increased insurance and liability costs.

Last edited by Fishinado; 09-30-2020 at 02:59 PM.
Old 09-30-2020, 03:48 PM
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Originally Posted by Fishinado View Post
Would you be comfortable renting-out your boat to the general public? Because if effect, that’s what you’d be doing..

Personally I do not want unknown people on my boat wearing it out.

”make a little on the side”..?? Wait until you get the extra maintenance invoices from repairing what they wore-out and broke and soiled, and check out your increased insurance and liability costs.
I hear your point, but how come so many people do this then?
Old 09-30-2020, 04:23 PM
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Originally Posted by TxTrojan21 View Post
I hear your point, but how come so many people do this then?
1. They’re good guys that are trying to help the next generation out.
2. They want to feel like they’re involved in the local fishing scene.
Old 09-30-2020, 04:38 PM
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If you find a captain who treats your boat like you would
If your fixed costs for insurance, commercial dockage, and any legal requirements aren't too high
If the captain can charge enough to give you a realistic rate for vessel hire
Then it can work ok. I have made a decent return on a boat i did this on, but you have to be very realistic about what it costs you rather than thinking about just a little bit of extra cash flow. If you have say a pair of engines worth $60k you need to write them off over 3000 to 5000 hours plus add in all the maintenance costs for both planned and unplanned maintenance. That might be $30/hr. If captain does 5 hrs per day that makes $150 just for engine use. Then service winches andc pumps every 2 years rather than 4 years. Plus new upholstery every 5 years instead of 10 years etc etc.
Old 09-30-2020, 05:51 PM
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Your insurance costs will be a great deal higher. And be sure you know the potential captain well.
Old 09-30-2020, 07:02 PM
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Your boat will need to be registered commercial, follow all the required regulations, and carry a lot of insurance. Your captain must be properly licensed, the boat will need the applicable federal permits, and all crew on for hire vessels need to be enrolled in a random drug testing program. The customers will absolutely demolish your boat and gear.

The one day a week you want to use the boat will be rough, rainy, or something will be broken and need fixing.

Enjoy your boat for your own use. That’s my $0.02.
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Old 09-30-2020, 07:15 PM
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Take a look at any boat that allows the general public onboard and look at the wear and tear - if you're happy that by the end of the first year your boat looks like it's ten years old, then it's something you may be happy to consider - not everyone is that bothered about their new boat keeping that new look (I would be though). Also be prepared for engines needing to be replaced a lot more often than if it was just you using the boat - downtime gets very expensive through lost revenue - I know at least a couple of commercial guys who keep a spare engine ready to be bolted straight on so as not to lose revenue due to an engine being in the shop.
Old 09-30-2020, 08:30 PM
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Originally Posted by Water50 View Post
Your boat will need to be registered commercial, follow all the required regulations, and carry a lot of insurance. Your captain must be properly licensed, the boat will need the applicable federal permits, and all crew on for hire vessels need to be enrolled in a random drug testing program. The customers will absolutely demolish your boat and gear.

The one day a week you want to use the boat will be rough, rainy, or something will be broken and need fixing.

Enjoy your boat for your own use. That’s my $0.02.
Actually, customers treat your gear in the way you allow them to. Set the boat up properly and instruct your guests properly, then the wear and tear is due to extra use rather than abuse.
Old 09-30-2020, 09:54 PM
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I've considered this but would only do so if a) I was solely using the boat for business. I'd have a second boat for personal use. b) I was going to captain myself so I could ensure the boat is treated with respect.
Old 09-30-2020, 09:55 PM
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Originally Posted by Aliboy View Post
Actually, customers treat your gear in the way you allow them to. Set the boat up properly and instruct your guests properly, then the wear and tear is due to extra use rather than abuse.
"Actually"
Old 10-01-2020, 05:22 AM
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OP, I have a very good friend that did this and it did not end well. He is a great captain and an amazing fisherman. My buddy was working full time as a captain for a charter fleet and took this opportunity to break out on his own and not spend thousands on a new boat.

The deal between him and the owner started off great for about the first 6 months. However, once the word spread that Jason was running his own boat at better prices, he started booking up quickly. That’s when the problem started. Communication wasn’t the best between the captain and the owner and came down to basically every time the owner wanted to use the boat it was money the captain wouldn’t be making. One long weekend the owner decided last minute he wanted to take his family and some friends to the Bahamas. The captain had trips booked for each of the 4 days and let’s just say it got ugly.

I’ve seen it work but as the owner you must find the right captain and come to a solid agreement. Maybe a part time, semi-retired captain that only wants to run a couple trips a month?
Old 10-01-2020, 05:29 AM
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I have been in the charter business for over 25 years.

Your boat will be “destroyed” in short order.
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Old 10-01-2020, 05:54 AM
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In my experience with charters they run the boats very hard to put you on fish.

Put the wear and tear on the deck, rails, etc aside. I’m talking about beating the snot out of the hull and motors to put fish in the box to keep clients coming back every year and posting glowing reviews on social media.

This must shorten the life of the hull and motors dramatically compared to even heavy recreational use.

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