Tag: Boat Sharing

Boat Sharing – How Many Partners is too Many?

One of the primary questions we get asked when people are thinking of sharing a boat is how many partners they should have. Most people can get their mind around two people sharing a boat. Communication and scheduling aren’t too difficult with two people and if something happened to the boat and you didn’t do […]
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Top Five Questions to Ask a Potential Boat Sharing Partner

We have seen a myriad of different partnership arraignments work. Family partnerships, business partners or friends who purchase a boat together, relative strangers who become a member on a boat and remain for years – there really doesn’t seem to be a single defining characteristic that insures success in a boat sharing relationship. There are, […]
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Our First Accident (or What happens if someone wrecks the boat?)

A few months ago one of my boat sharing partners left the following message on my cell phone. “John, can you call me back? I really need to talk to you.” I was having dinner and figured I would call him back later that night. During dinner he called again and left another message. “John, I really need you to call me back – John … It’s really bad.”After listening to this one I was obviously motivated to call him back right away. He told me that he had been blown sideways while docking and the side of our boat had been scraped by the anchors of two other
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Advantages to Fractional Boating

There are more than 70 million Americans enjoying boating, and approximately 17 million registered recreational vessels in the United States; however, on average, a boat is only used 14 days per year! What if you could have the watercraft of your dreams, pay for only ½ or ¼ of it, and still use it the […]
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How to create a Boat Sharing Arrangement that works.

Sharing a boat seems like such a great idea.After all, there are approximately 17 million registered recreational vessels in the United States, but on average a boat is only used a total of 14 days per year. With that amount of usage, sharing only makes sense, right? But purchasing any asset with people you know can create the kind of problems that can end those valued relationships.Dreams of weekends at the boat club and watching everyone's kids grow up together can be replaced with large maintenance expenses, angry calls about who gets which holiday weekend and even possible lawsuits.
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