Renting Our Boat with Boatsetter.com

We head out early in the morning to deliver the boat to our first customer who booked it overnight for 2 days.

Link to our boat on Boatsetter:

[FRRitter]

What a super idea... if a person doesn't mind others using it. ...Bring in a little rental income, and viola the boat can be depreciated...and it's maintenance, upkeep, delivery trips, etc... deducted. We love this country... AND your videos! Thanks much for taking us along!

[rboatguy]

This is basically how many people purchase much larger boats. To make it work, you need a high income with high taxes, but they basically buy / finance a boat through an LLC, and charter it through a charter company. Everything can be written off against taxes. I know from talking with Galati that they have customers who have never even used their boats, they just buy them and run them as a business, often loss making.

[brianm]

I've stayed in Cape Coral and rented a boat. Loved it! I'm thinking of getting into rentals as a side business here in SC on lake Hartwell. Love the water!

[williamtaylor]

This is big business up in the Destin/Fort Walton Beach area, both bare boat and captained charters. Lots of money being made!

[DougAlesUSA]

I must complement your audio. No motor noise, no wind noise, just clear spoken words. What are you using?

[matthewrschuler]

Tom, in November we will be visiting family in Florida, and we hope to rent from you during our stay. Expect a call from us in a few months.

[peterandersen]

How are you handling liability insurance? Does your current carrier allow running the boat as a business?

[aliassteve]

I watch all of your videos. Especially like it when the first matey makes appearances. This one has peaked my interest. Will follow along seeing what each rental brings about. Always made me nervous letting anyone drive my boat. Curious how the renters boating knowledge / skill set is checked out.

[Ryanrock]

Now the Admiral will see this money coming in will want new shoes, nails done, manicures, beauty care appts.. Ahh she is worth it!

[ethanmcdowell]

Still repping the Coinjock Marina shirt.... very nice!

[robertbennett]

If the renter operates the boat is a boating safety course required? If so, does Florida have reciprocity with northern states?

[Soldi]

What microphone are you using on a boat? Its great need to know

[Swellist]

Just curious if you used the Geico Marine p2p Insurance or not. I hate that they want almost 35% for listing and insurance, do you use a local insurance provider?

[patrickcotter]

Im guessing you got the pontoon for rental use? I don't think you would rent out happy hours?

[EnterpriseRacing]

Interesting. Do you need a captain's license (OUPV Six-Pack) to provide captained services of your boat?

[renaegravesrealtormidpoint]

Good morning, what type of deposit do you require for your rental?

[havanashamrock]

So how does your insurance co feel about renting it?

[paulsaletnik]

I've watched the amount of pride you take in your boats. Must be a little tough to let someone with a just a credit card take the helm and you have no idea what they're doing to it. My wife wanted to charter our 59 Marquis out and just the thought of a stranger scratching up tables and dropping wine without a care, prevents me from doing it.

[swhitt]

Be aware the insurance policy on Boatsetter rentals has a $7, 500 deductible PAYABLE BY THE RENTER. While safely operating our Boatsetter craft on Oct 4, we hit an unseen underwater object and damaged the hull. The depth-finder indicated we were in 18ft of water. This afternoon outing cost well over $8, 000. Is this a risk you want to take??

[tjborekvideo]

I thought BoatSetter rentals were for captained boats only. Didn't know you can rent a boat WITHOUT a caption/crew. Cool!!!

How did you get the background noise so quiet while recording yourself at the wheel? I didn't see a lapel mic on you. Nice hack, whatever you did.