Renting my boat on Boatsetter - Long Term Rental with $$ breakdown

My experience renting out my boat on the Boatsetter peer to peer platform for a long term rental including full $$ breakdown before I started my own watersports charter business. I think this is a nice, easy to use platform overall if you are looking to rent your boat out occasionally or if you have a captains license and are looking to try out some charters without the hefty costs of starting your own business.
Luckily, this renter was comfortable around boats however if you do not screen people carefully I could see some very inexperienced people doing serious damage to your boat.
Although I do not regularly use the platform, I still receive a good amount of single day rental request in the summer months. Many of these requests are last minute or unqualified renters in addition to some good leads mixed in as well.
Feel free to reach out with any questions or experiences in this area!

[@skoopqueen]

I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second boat already which is on rental, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made. Great video! Thanks for sharing! Very inspiring! I love this..

[@eadad4371]

Glad I came across this comment section. I was struggling to decide what to do with a good amount of money in the bank doing nothing. I would be happy if you could advise me, as I am ready to go the passive income path.

[@skoopqueen.]

@@eadad4371 Alright so generally, investing requires higher knowledge. For this reason, It's important to have a solid support structure (financial consultant) to guide you through especially in asset picking. I operate with (REGINA LOUISE COLLARO) an investment advisor who partners with a licensed wealth management firm. For the record, the experience has been the best for my finance. She is quite popular for her services so you might have heard of her. She made me financially stable investing through her help, now I earn on a monthly basis through her passive income strategy...So I’ll advise you do get a good Investment advisor for yourself.

[@eadad4371]

@@skoopqueen. That’s great , your investment advisor must be really good,I have seen testimonies of people using the help of investment advisors in making them more financial stable. Do you mind sharing more info on this person?

[@skoopqueen.]

@@eadad4371 look her up on the internet and leave her a message she's quite popular for her services as she was recently featured on cnn. She can work with anyone irrespective of where their located

[@emeldcentor1474]

@@skoopqueen. I have had the intentions of starting investing. But I always thought it was late and I think I need to stop procrastinating. I will definitely 🔍 Regina Louise Collaro and see what she can advise .Thanks a lot . This was of so much help to me

[@michaeldonato8837]

Could any point me in the right direction to get more info on this? This seems like a very good idea.

[@Itssantiagodiaz]

I’m in a loud bar rn. But booking fees are around 2k? If you rented out in a lake community with self advertisement you can over ride that right? I guess in this case you rented it out for a month straight on a app.

[@brianm7402]

Thanks for sharing. Looking into the boat rental thing as a side hustle.

[@edgarthejeweler]

Thanks for the info man I would like to hear more in how to list my jetski

[@ianmacrae2547]

Will depend on where you are located. Jet skis can be tough since I don’t think Boatsetter insurance will cover it. If you look at my insurance video you’ll see info for Bruce Woods with southern cross agency. He’s a great resource to ask about insurance coverage and go over your business plan!

[@TheKingship]

Screw that that I would never give up 40 percent u should rented to him for a couple days in boat setter then the rest in cash

[@ianmacrae2547]

Depends what your risk tolerance is, the days it’s not on the boat setter policy it’s not insured if they hit something or someone gets hurt. 40% is a lot though I agree

[@AttitudeCharter]

Great strategy saying that publicly. Expect a visit from the IRS imminently LOL.

[@Hallahanify]

@@AttitudeCharter he's taking about the fee boatsetter charges not taxes

[@juslostone]

Damn your customer took you from 600 to 200 dude. You will not be successful like that

[@ianmacrae2547]

Have my own private insurance now! Much better

[@juslostone]

@@ianmacrae2547 Good to hear it. I'm sure you're absolutely in a better place from experience

[@ianmacrae2547]

@@juslostone absolutley. Boatsetter is a good step 1 but not where you want to be long term

[@RealJoshBinder]

​@ianmacrae2547 is it possible to use boatsetter but opt out of their insurance?

[@ismailayyoub9831]

Hey Ian, I got a couple of questions regarding this boat business wondering if I can get some answers?

[@connecticutwatersports4274]

Hey Ismail, What are some of your questions? Maybe I can help! Thanks, Ian

[@bbqworld2103]

Great video! I’m thinking of buying a used boat, and putting it on boat setter, could you do a video on how to buy a used boat? Thanks

[@itriedtotellem523]

Get my boat is only 8.5%