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Would you rent out your boat? And if yes who through?

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Would you rent out your boat? And if yes who through?

Old 01-31-2021, 08:47 AM
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Default Would you rent out your boat? And if yes who through?

We bought a boat last fall (2007 crownline 220ex deck boat). Our family loved it and we used it a lot last fall but circumstances changed in December and now we are considering selling it so we can pay off some debt. I was wondering about renting it a couple of times a month instead to try to make the boat pay for itself. Or just to cover some of the costs. Wanted to see if anyone knows of a good website to rent through “like outdoorsy for rvs”. Obviously I am concerned about repairs and damages and want a place that makes the renter responsible for their insurance etc. also I’m not sure if my current boat insurance would allow it to be rented out. Any suggestions on who to use?

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01-31-2021, 08:49 AM
DarienJim
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I would never rent any boat to anyone I did not know and I would not rent to friend.

Too many cowboys out there not knowing what they are doing....
Old 01-31-2021, 08:49 AM
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I would never rent any boat to anyone I did not know and I would not rent to friend.

Too many cowboys out there not knowing what they are doing....
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Old 01-31-2021, 08:51 AM
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I wouldn’t do it. It seems to me that most people that rent a boat probably have little to no experience operating a boat. The possibility that they really mess things up is huge. Also, insurance policies have a deductible, so you won’t get paid for the continual small damages renters will inflict.
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Old 01-31-2021, 08:52 AM
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Your current boat insurance most likely has an exclusion if you rent it— one of which is you are now using the boat for commercial purposes of making money. Thus, you need to make sure if you rent it that alternative insurance is in place that protects you when you rent it. Personally, I would never rent my boat. I would not trust someone who does not own it to treat it like I would.
Old 01-31-2021, 08:53 AM
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Rent out my boat? No way in hell.

I suggest selling yours and joining a boat club. Not many recreational people can really justify boat ownership financially speaking. If your situation has changed and you're questioning how much you will use it or if it's smart to keep it then I would rid of it. You can always, always find another 14-year-old deck boat when times are better.
Old 01-31-2021, 08:54 AM
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Not just NO but HELL NO!
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Old 01-31-2021, 08:55 AM
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Absolutely not! If you think things are financially tight right now, wait until your renter crashes or burns the boat to the waterline and their nor your insurance will cover the loss and you still have the debt. Sell it at a loss if you have to, but do not rent it to anyone.
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Old 01-31-2021, 09:04 AM
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I would do it through a professional company that has the proper insurance, vets the renters, inspects the boats etc. half the charters down in fla and the islands are someone else boats.

your size boat may not work. self rented is not realistic and ano go.

all the med. charters are some else’s boat Most have captains but there are plenty of bare charter boats around.
Old 01-31-2021, 09:13 AM
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Originally Posted by On the Half Shell View Post
Rent out my boat? No way in hell.

I suggest selling yours and joining a boat club. Not many recreational people can really justify boat ownership financially speaking. If your situation has changed and you're questioning how much you will use it or if it's smart to keep it then I would rid of it. You can always, always find another 14-year-old deck boat when times are better.
This
Old 01-31-2021, 09:25 AM
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absolutely not, i use my boat all the time, its basically our second home

now if i only used it a few times a year, due to its cost, i might consider allowing it to be chartered out

bare boat is too much work, can't trust a random person knows how to operate. most bare boats get dived on or hauled after every trip, thats quite an expense, head ache.
Old 01-31-2021, 09:28 AM
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Never, ever, never.....
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Old 01-31-2021, 09:34 AM
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Originally Posted by On the Half Shell View Post
Rent out my boat? No way in hell.

I suggest selling yours and joining a boat club. Not many recreational people can really justify boat ownership financially speaking. If your situation has changed and you're questioning how much you will use it or if it's smart to keep it then I would rid of it. You can always, always find another 14-year-old deck boat when times are better.
This
Old 01-31-2021, 09:38 AM
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Absolutely not. Think about the personal liability and the proper insurance. Forget your boat and it's value. What happens to you when the yahoo renter kills people?
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Old 01-31-2021, 09:57 AM
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Zero chance.
Old 01-31-2021, 10:05 AM
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One time when I was traveling outa state alot for work ,I threw the rental mustang in Park at 70 mph on the highway just because.........
Old 01-31-2021, 10:30 AM
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Watch Qualified Captain then get back to us.
Old 01-31-2021, 10:50 AM
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Maybe rent a boat to test the THT theory that running around continuously at WOT isn’t detrimental to engine longevity........
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Old 01-31-2021, 10:55 AM
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Just sell it. Market is still good right now.
Old 01-31-2021, 11:00 AM
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Absolutely not, unless I had bought the boat specifically for that purpose.
Old 01-31-2021, 12:31 PM
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Then: There's nothing to do with Covid going around. Lets buy a boat, it'll be great.
Now: Boating is expensive, how do I make it cheaper or get out of it?

I expect we'll hear this story often in the next year or two.
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