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 […]
The vernal equinox signals the beginning of nature’s renewal. Birds begin migrating northward. Worms emerge from the earth. We put winter clothes away, and turn off the furnace. At approximately (and I mean approximately) the same time each year most Americans will "spring forward" for Daylight Savings Time, DST.We shift our watches and clocks one hour earlier, all except parts of Arizona and Hawaii who do not observe Daylight Savings Time.A little trivia: As of 2007, daylight savings time begins in the United States on the second Sunday in March and e
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 […]
It’s hard to believe that’s it’s been almost a month since the last Nautical Monkey blog. Time flies when you’re having … well … a break from writing blogs. And talking of time, we know it’s precious and the lack of it might mean that some of you haven’t had a chance to get out on […]
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.