Your videos are exactly what Iv been looking for . Thank you for taking your time with these videos . I’m very excited to plan a trip
@mcjsrn3 ай бұрын
Great info, fun.
@Queen_Peacful3 ай бұрын
Definitely on my bucket 🪣 list 🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉 ⛵⛵⛵⛵⛵⛵⛵⛵⛵⛵⛵⛵⛵⛵
@gabrieldufresne82724 ай бұрын
let say I would like to start in this business by buying a low entry yacht to 400-500k only for rental..do you think it could be a good investment or not really ?
@mystyachtcharters4 ай бұрын
Yes, you can make money on a boat at that price with the right management and the right crew. I would still say that it's best to buy it for yourself, not as an "investment" that you expect to appreciate in value. There are also many tax incentives that you can take advantage of them would help the numbers to work.
@gabrieldufresne82724 ай бұрын
@@mystyachtcharters thanks for your reply .. i would not buy a yatch just for myself i'm not rich enought ... but i could paid a 400k-500k boat cash .. let say i give it to you under your management & what kind of profit do you think in average after all the expenses i could do every years (sorry for my english i'm french)
@matthewboyd32974 ай бұрын
Good vid
@marvona35314 ай бұрын
Thanks for sharing!!!
@mel.is.on.top...5 ай бұрын
Me watching as if I'd ever do this😭
@BuddyRathmell5 ай бұрын
Do you distinguish between BVI and USVI? When you say the Bahamas and the Virgin Islands are the best markets.
@mystyachtcharters5 ай бұрын
BVI is the best market.
@603livefreeordie5 ай бұрын
Awesome job Candice! Thank you for the info. I will have to keep you in mind when I come out there. Thanks again, Michael
@jodadaniel6 ай бұрын
👍👌🙂
@johnphantom6 ай бұрын
The real Full Moon Party is at the Bomba Shack in Tortola. They have shrooms.
@joseasantiago307 ай бұрын
Very informative video.
@Sweet..letssurf7 ай бұрын
Show the Wave!!!
@realtorlexi7 ай бұрын
Great information! Thank you!
@bellerophon91167 ай бұрын
Please define your terms regarding a “crew member being past their prime.” I presume this refers to age. In essence, how old is too old?
@ProYachtie7 ай бұрын
It's not age-specific. It's the crew that has been doing it for too long and gets too comfortable in the job that they can't take advice and become less accommodating and set in their ways. For instance, I once had a crew tell my clients that if they wanted to stay at the beach bar after 9pm, they needed to get a random ride back to the boat or find a water taxi because they needed rest. This crew was young but clearly "past their prime" and too comfortable in their job stability and relationship with the owner.. They seemed to have forgotten that it was "the client's boat for the week," and they work for the charter guests and are on their schedule. On the flip side, I have had crew tell guests that the chef gets up at 7, and they're not allowed to touch the coffee maker themselves even though they wake up at 5:30/6 am. This crew had a full booking calendar but again forgot that they were working for the guests for the week.
@bellerophon91167 ай бұрын
@@ProYachtie I see. Familiarity does indeed breed both complacency and contempt. Although I can certainly see that crew members are there for the guests and should provide great service, I wouldn't tolerate a work environment as seemingly demanding as the picture painted by this description. 5:30am-till late evening/whenever the guests are done is a bit much. It seems these folks are ran like rented mules and expected to smile and suck it up.
@Vasebdbdhd7 ай бұрын
Idk it just feels disgusting people can actually own this by themselves when there people that can’t feed themselves I know you have to work hard to make money but still don’t you think it’s a bit much haha
@brx0177 ай бұрын
I read somewhere that you needed birth certificate to get back through customs for return flight, is that correct?
@CarlosAlberto-ii1li8 ай бұрын
I just knew that you would be american and have that awful voice.
@djwashx8 ай бұрын
maybe more longer videos great video thanks!!!!!!!!!
@mylifeonthebeach8 ай бұрын
Starting into 2024 … what is the status of BVI charters from an ownership perspective?
@mystyachtcharters8 ай бұрын
Softer than normal season but still the best place to base your yacht in the Caribbean
@mylifeonthebeach8 ай бұрын
@@mystyachtcharters Thanks for your reply! 😎
@mylifeonthebeach8 ай бұрын
@@mystyachtcharters what yacht style has the highest % of weeks booked?
@mystyachtcharters8 ай бұрын
Catamarans in the Virgin Islands always do the most charter weeks of any type of yacht, anywhere in the Caribbean@@mylifeonthebeach
@mylifeonthebeach8 ай бұрын
@@mystyachtcharters Do the charter companies end up discounting pricing when the markets softens as you say, or do they protect their pricing at all costs. Wondering how competitive it gets when the economy gets weaker.
@Oldman5258 ай бұрын
This is bullshit you speak a lot and say nothing.
@Oldman5258 ай бұрын
Very complicated and risky business. If I invest £20,000,000 in a yacht I would not want five companies managing it, considering that you say 20 weeks is a good season.
@ankiyoutube6608 ай бұрын
Job me
@endlesssummer4268 ай бұрын
Very informative video, thanks so much. We have never chartered out our boat, were playing with the idea, but you made it clear that chartering our boat full season is not going to be for us. Sounds negative, but in fact your video was very positive. We may need to rethink our plans and see what is realistic and feasible. Never knew there was so much going on behind the scenes, there was a lot that we had not thought of. 👍
@roflmoomoo20988 ай бұрын
Just pay your fucking taxes, people are dying.
@rb25309 ай бұрын
👍👍
@redlilwitchy608810 ай бұрын
I'm just one person. Do people ever need ppl to share a charter? To help with expences.
@ProYachtie10 ай бұрын
Yes, it's called a "cabin charter" or "by-the-cabin" charter. It's usually 6 double cabins each with a private bedroom and bathroom, and a two-person crew.
@Jim.Thunda11 ай бұрын
More vocal fry. So fake.
@garlandmoore628511 ай бұрын
Can you run a character out of Belize
@mystyachtcharters11 ай бұрын
Belize is a challenging location to run charters, I believe (and I'm not an expert on this) that you need to pay a full import duty to run charters there, which is why you see a lot of older yachts in Belize, and no one is just there for one or two bookings.
@garlandmoore628511 ай бұрын
Are you a yacht manager?
@mystyachtcharters11 ай бұрын
We are a broker and "charter manager". Not a yacht manager. This means we manage the charter booking calendar, but we do not hire the crew, to the yacht accounting, or registrations.
@MarketingStrategies2811 ай бұрын
This will be worldwide sometime in 2024
@motoryachtloon11 ай бұрын
Nice thumbnail 😉
@VivaUkraine22 Жыл бұрын
Amazing info 👍
@mystyachtcharters Жыл бұрын
Glad you liked it!
@VivaUkraine22 Жыл бұрын
Great info 👍
@katie_otoole Жыл бұрын
This was awesome, thank you!
@LaredoHandyman Жыл бұрын
Awesome content, you have a new subscriber!
@LaredoHandyman Жыл бұрын
The best info on this subject I've seen so far. Great video! Boats vary greatly in price. Is there a sweet spot for the best profit margin when picking Boat size? Is there also a preferred boat type? ie sailing Cat vs monohull vs motor yacht.
@mystyachtcharters Жыл бұрын
Hi John, Glad you like it! First of all, buy the yacht for yourself. A yacht salesperson could discuss potential charter revenue at different price points. The charter market is the strongest for catamaran in the BVI and power yachts in the Bahamas/Florida
@LaredoHandyman Жыл бұрын
@@mystyachtcharters Thank you. I'm retiring in 4 years and would love to live on a boat for a few years and do charters. I've got a lot of research to do.
@Xinyouting Жыл бұрын
Could the charter business offset the loan as well, apart from the maintenance and service cost?
@mystyachtcharters Жыл бұрын
Yes, it's possible it could offset the cost of the loan. If that is your goal it's essential to put the yacht somewhere with high demand for charters and price it competitively.
@yourlifestyleelevated2015 Жыл бұрын
❤ 🎉 Great value of information in this video. Looking forward to seeing more.
@mystyachtcharters Жыл бұрын
Glad you liked it!
@jessiesheldon-huffey1824 Жыл бұрын
Do you find that people are looking for alternative methods of travel now that airline service has disintegrated to almost inhumane treatment of passengers? Are there very many charters that can act as an alternative to airline travel?
@mystyachtcharters Жыл бұрын
Hi, honestly, you need to fly to get to most charter destinations; charter yachts are not really used as a means of transport. It's more about island hoping and sailing short distances.
@fjb7380 Жыл бұрын
Thank you, so helpful! We’re a keen first time family
@candicechivilo3993 Жыл бұрын
Glad you liked it! Please reach out if you need help finding a yacht!
@sappir26 Жыл бұрын
Exactly the information I was looking for. You did a great job 💯👍thanks
@pacedeli24 Жыл бұрын
How do you get in the business without a yacht and what if you live in a region where boats are not a custom like memphis Tennessee how would you go about it
@enforcer21a Жыл бұрын
So i live in the pacific northwest, namely just outside seattle. Owning a boat and using it for charters has been a big dream of mine for a long time. How would you suggest someone new to the industry go about starting this business?
@mystyachtcharters Жыл бұрын
My specialty is in week-long charters of 20k so if you're looking to start a day charter company, the advice would be different. For week-long charters, It would help if you found someone to list your yacht on central databases and act as an escrow agent.
@jessiesheldon-huffey1824 Жыл бұрын
I also live in the pacific northwest and don't want to subject my family to the horrible traveling experience that happens on our airlines. I am willing to pay more to charter a boat to take us from Seattle to ecuador. How would I find a charter that is willing to drop us off in ecuador?
@mystyachtcharters Жыл бұрын
@@jessiesheldon-huffey1824 No yacht owner will be willing to relocate their yacht to Ecuador, no matter how much you pay them. Also, this trip might take e several weeks and is not recommended. Sorry!
@jessiesheldon-huffey1824 Жыл бұрын
@@mystyachtcharters why would the trip not be recommended ? Is that stretch of ocean particularly dangerous?
@greybeard277 Жыл бұрын
That's a lot of information you have offered here. Thank you.
@mystyachtcharters Жыл бұрын
I'm glad you found it helpful
@jeffconley8193 ай бұрын
@@mystyachtchartersI second that. Great info. Thanks
@prakershkumar912 Жыл бұрын
Hi there i want to became a yatch broker can i work with you
@Victoriaearth143 Жыл бұрын
What if you have a six-pack and want to have going to a get a 40feet ship? Are you available for hiring?
@candicechivilo3993 Жыл бұрын
Hi, I'm not sure if I understand the question, but you can hire a captain for a 40ft yacht charter. That would be a "bareboat" yacht with a freelance captain added.
@Victoriaearth143 Жыл бұрын
I want to charter my own vessel. It won't be big. It will be about 45ft. Can I still become a LLC?
@candicechivilo3993 Жыл бұрын
@@Victoriaearth143 Most charter yachts are set up as an LLCs, but I would defer to your tax adviser on the best way to establish the business. There is a good charter market for 45 catamarans in the Bahamas and Caribbean.
@jeenyus720 Жыл бұрын
I dont understand, if you do 20 charters a year for $10,000 each, youre just breaking even? Do you really have $200,000/year in expenses to run this business? If im living on a sailing yacht when its not in charter, is it possible to make at least $100K a year profit? Since im living on a sailing yacht im not paying for full docking, fuel + full mechanical expenses seen in motor yachts, and sailing myself to the customer, self manage, etc.
@candicechivilo3993 Жыл бұрын
Every situation is different, and you should only buy a yacht for "yourself." Offering charters can offset some of these expenses. How profitable it is will depend if you own or have financed the boat, how many crew the yacht has, the rates, and the market conditions, etc.
@banksbliss10 ай бұрын
yes if you set you mind to it and work hard you can profit 100k with your set up.
@RussellD118 ай бұрын
On motor Loon we get $600k per week bro :) about $25-30 million per year on average GROSS