Simple Ways to Rent Out Your Best Boat

Even when you aren’t using your boat, the maintenance costs, insurance premiums, and dock fees can pile up. Renting out your boat is a phenomenal way to make some of that money back! You may even turn a serious profit if you can get a steady stream of renters on to your boat. Unfortunately, you cannot rent your boat out privately unless you start a business, which is difficult without a fleet of ships. However, there are plenty of platforms and businesses you can work with to get renters into your boat.

This article discusses the following info :

Lease the boat to charter companies in your area to lower your risk.
Select Boatsetter to list your boat on the biggest rental platform.
Pick another P2P rental company if you prefer their platform.
What is a Good Mortgage Refinance Rate?
Opt for Beds on Board to keep the boat in the dock and minimize costs.

Lease the boat to charter companies in your area to lower your risk.

Lease the boat to charter companies in your area to lower your risk. This is really straight forward and simple. Call the boat rental companies and charters in your area and ask them if they’re looking for more boats. Private companies often utilize additional ships during the busy season, and if they’re interested, you can work the details out with the business’s operator.

If you go this route, all you need to do is meet with the owner of the rental company and agree on a contract. They’ll do the rest of the work.
This option won’t earn you as much money, but you won’t take on any real risk since you won’t need to worry about fuel, insurance, or crew fees.
Opening your own boat rental company or cruise line is really only an option if you have a fleet of boats and a few hundred thousand dollars to pay for the licensing, insurance, fleet, and crews. It’s one of the biggest undertakings from a business perspective, but it’s certainly possible if this is your dream![2]

Select Boatsetter to list your boat on the biggest rental platform.

working out a deal with a local company, the only way to rent out your boat is with a peer-to-peer service (P2P), which is sort of like a rideshare or Airbnb service for boats. The most popular P2P boat rental service is Boatsetter. On the Boatsetter website, you set your price, choose your policy details, and rent your boat out on a case-by-case basis to interested parties.

Boatsetter is the biggest of these companies, which makes it easier to find customers on this platform. The other main advantage is that Boatsetter will connect you with a captain if you don’t want strangers operating your boat or you don’t want to worry about finding captains on your own.

Pick another P2P rental company if you prefer their platform.

Choose another P2P platform if you don’t find Boatsetter intuitive or you have specific needs. Every rental platform is basically the same in terms of pricing, but their apps and websites are all different. Poke around on each site to see what they have to offer before picking your platform.

Boatbound is a great choice if you want to let anyone drive your boat for a higher price. If renters complete a boating course on their platform, they can pay extra to take total control over the ship if you let them.[5]
Cruzin is a popular option if you live in Georgia, Florida, or Illinois. Many marinas offer discount docking prices if you work with Cruzin in these areas, although you can use their platform anywhere.
Click & Boat is probably the best choice if you have a yacht. This site specializes in luxury boats, although they let anyone sign up.
Samboat is a great option if you don’t dock in the United States. They’re headquarters are in France and they specialize in European and island rentals.

Opt for Beds on Board to keep the boat in the dock and minimize costs.

If you don’t want your boat to go out on the water with strangers aboard and you have a bed in the boat, go with Beds on Board. This platform allows you to rent out your boat to people looking for unique lodging. All you need to worry about is changing the sheets and showing up to give renters the key!

This is by far the safest option if you’re worried about something happening to your boat. There’s always a risk with letting strangers on to your boat and taking them out on the water, but there isn’t any serious risk with this option.
This is basically just Airbnb on a boat.