How to Own a Yacht for Free! | Miami Boat Charter Business Insights

-------------------------------------------------------------------------------------------------------

Greetings, I'm Nick Cardoza, your Miami and Fort Lauderdale yacht broker specializing in superyachts and luxury boats. With over 15 years of industry expertise, I'm here to share insider knowledge with you.

If you enjoyed this video, please show your support by liking and subscribing. Your feedback is invaluable, so feel free to share your thoughts in the comments below.

Stay tuned for our next video as we continue to explore the world of yachting together. Thank you for choosing Cardoza Yachts, and I look forward to serving you soon!

---------------------------------------------------------------------------------------------------------

[MrYachts]

Hopefully this knowledge is helpful to you guys! Let me know if there's anything I missed or any questions you have 👇🏽 thanks for the support!

[javiazar]

This is like the Airbnb model.. but for boats instead of apartments. I dig it.

[FFAGrimReaper]

Would like to get hold of yout spreadsheet! Thanks for the amazing video!

[isabellascapizzi]

I got a pretty nice 56 foot yacht similar to a palm beach. Im in all the charter sites and i even have my own site. I'm lucky to get one charter a week at 2-4 hours. With a cheep price of $300 an hour all included. I don't think a yacht would pay for itself in my area.

[bernadettealbouras]

Omg you're amazing I'm buying a 32 ft old yacht for my pleasure and being my own captain because you can't trust somebody riding your own boat

[chadcopley]

Hello there Mr. Yacht, I am working through the startup options of a similar model you just presented. I came accros your video and would like to know what experience/ knowledge you have of the Tampa Bay area. Thanks again for the good insights.
Cheers,
Chad

[timinfla]

What if you bought an older but larger boat for less money. Could you still day-charter something like that out or would that be more of a term charter opportunity?

[CaptWMcS]

I do the same thing in the Annapolis area, as a yacht broker I offer a charter program to the new buyers as a way to offset the costs of ownership/ maintenance. I make it VERY clear to my clients that this is not a million dollar idea, its basically going to cover dock fees, insurance, etc. Don't expect it to be high earning passive income. Currently we have two COI boats, an 80ft Hatteras, a few sportfish, and few 30ish ft sailboats. On our primary COI boat we do about 40-50 charters in a season and its our biggest heavy hitter by far, keeping in mind our season is a lot shorter than down in Miami lol

[ericstockmann]

I am currently a graduate international student, I would love to work with someone like you, I like your energy man!

[OverlandAddict]

Great video! How can I get the spreadsheet you mention?

[peto]

Nice video, I just purchased a 1976 53 ft Hatteras and did a complete makeover.
I live in the venezuelan Caribbean region and hopefully get a profit otherwise I can sell

[calledout]

So what if I want to just do bare boat charters. No crew and only rent it out to people qualified to run the boat themselves. Is there a market for that? I hate bringing people into the equation. It just complicates things and payrolls are a pain in the ass!

[PMSTACKER]

Is it best to buy used or new? If buying used, I assume you would want something lightly used v. fixer upper. What about the likelihood of catastrophic damage? You know, like in the car market, you can get an Audi off-warranty for cheap but run real risk in something blowing up and having a cascade of repair bills.

[Mishanaumov]

How and where can I find commercial docks that allows charters and loading/unloading pax in Miami area? Shouldn’t that be the first move before buying a yacht?

[idngeqh]

As the saying goes - you make or loose money on the buy. I bought two boats over the past few years, bought right - enjoyed for a few years and sold getting all my money back. Makes sense to me

[detroitvlogs]

Good job on this vid. Thank you 🙏. Was just talking about coming down, buying a boat and renting it out. Day cruises. Nothing big, then came across this vid. Thanks again

[captaindad]

I’m currently working on my 100 ton captains license north of palm beach at a school it’s my dream do have a yacht and use it as a business and my live aboard also .

[KevinStClair-lnir]

I own a yacht brokerage and this video was very accurate at time of posting. As you can imagine...Miami got flooded with these types of charter boats...the city all but banned the pickup & dropoff of day charter guests in their marinas...and the charter market tanked in 2023. I'm also a former yacht captain and 27 year industry veteran. This guy seems to know his stuff and I would recommend subscribing to his channel...and no...we've never met. I'm just a yacht broker who believes in giving credit where credit is due. 👏🏻

[rlew]

Thank you, great video! Very informative! I'll definitely call you when I'm ready to purchase my first yacht.

[JohnDavid-gxws]

Very Informative video, thank you! I want to start out doing sunset and day charters over here on the West Coast of FL. I found an older (1972) Hatteras for around 150K. We wanted to start out with an inexpensive vessel for a year or two and see if we like the business and then buy something newer and nicer. What our your thoughts on us trying to charter with an older boat? If we like this business, we might be a client of yours in a couple of years.