Should I charter

[Red Horse]

Hi folks,
I have a bit of a problem,being on a limited income my boat is becoming a liability. I need to make it pay for its self to some extent or I will have to sell it. Its a Cross 38. Any suggestions?
Rich

[boatman61]

Coastal day sailing late mornings.. sunset cruises evenings with picnic lunches suppers at inaccessible beaches..

[hellosailor]

Chartering, of any kind, may not help. You may need to register the business, file monthly tax returns, get commercial insurance, check to see if commercial use of your slip/mooring is even allowed...all that stuff. Plus, chartering isn't a guaranteed thing although the expenses will be.


I'd hate to say "Sell it before you need to take a bath with a fire sale" but the alternative may require lots of time and money.

[denverd0n]

Besides all the things hellosailor mentioned, if you are aboard for the charters, you will need a Coast Guard license.

Probably not worth it.

[Palarran]

Rich,
Do you know Maui, the kite boarder who lives on a trimaran on Oahu?