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 […]
One of the primary questions we get at Nautical Monkey is about boat sharing contracts and syndicate agreements. Specifically what are the primary questions we should be asking, where we can find sample agreements, and what kind of partnership should we create. We will be publishing a set of articles about boat sharing contracts in […]
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 have been busy as always at Nautical Monkey HQ trying our best to keep up with your growing list of feature requests. The latest round of changes was inspired by a group of users who needed to be able to create nonstandard time slots in their scheduler. Custom Time Slots The typical scenario was […]
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.
Winter has come for us in the Northern Hemisphere and many of us may have put our boats and our boat sharing partners in the background as we prepare for winter holidays and activities. Like any long term relationship however, a boat sharing partnership needs to be nurtured and fed during the off season. Even […]
We have just completed the new Find a Boat or Partner section of our web site which provides all the tools you will need to find the perfect sharing match. Take a moment to browse the already growing list of boats and if you haven’t yet listed your boat, it only takes moments to do […]
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 […]