Anyone who has shared, or thought of sharing, a boat has had to face the question of how much to charge partners. In a shared ownership or syndicate scenario the question gets a little easier, i.e., split all costs according to percentage of ownership for each owner. When you want maintain ownership but share your […]
Let’s start with our main news today – renting or partnering. We’d like to recognize the work of boatbound.co, getmyboat.com, cruzin.com and a few other new entries in the entrepreneur / startup / get things going realm of boat sharing endeavors. We encourage and support such efforts. Still, we ask the question, would you rather […]
Our boat sharing business sites section has been getting a lot of activity the last few months so we thought we’d outline some of the main features of this newest offering from Nautical Monkey. Our boat sharing business section allows people who are interested in creating a boat sharing business to establish a custom site (such […]
We’re still busy little bees here at Nautical Monkey – much like you good people no doubt! Our development staff has been busier than the rest of us however – we have a slate of brand new boat sharing, member pleasing features to show off to you all. Scheduler Updates Three 8-Hour Slots: The scheduler […]
Ready to start sharing a boat this season? Would you believe that 2014 is almost three twelfths over already! Whatever your boat sharing plans and aims are for this year, you best get on with them. Time flies after all! Sure it’s still 30 degrees outside, but there’s no time like the present to get […]
One of the biggest problems we encountered when we first set up our boat sharing relationship had to do with tracking expenses and reconciling member payments. As a matter of convenience, sometimes my partner gassed up the boat, sometimes I did. Sometimes he paid for cleaning, minor repairs, oil changes, or a new flashlight and sometimes I did. How were we to keep track of these minor (and some not so minor) costs associated with sharing a boat?Initially, we sent emails back and forth with the amount we paid and tried to reconcile things on a month or semi-monthly basis. This system broke down quickly for obvious reasons.
Nautical Monkey is coming up on our 3rd birthday and boy are we excited. We’ve spent the last 3 years writing thousands of lines of code, building a great resource of articles, tips and informational posts, we’we’ve completely revamped our online scheduler and many other aspects of our web site. We’ve been growing our membership daily […]
Since we get so many questions about what kind of legal entity a person should use when setting up a boat sharing partnership, I wanted to take a moment to provide a brief outline of the some of the common choices using a scenario that was submitted to our forum this week, i.e., someone owns […]