If you can find the opportunity, it's a good way to sample the life without a major infusion of your cash. The problem is the condition of the boat and being able to use it. Insurance
is definitely an issue as you'd have to be a named insured just in case something happened while you were driving. If the insurance
company is going to consider that a charter
, the insurance will be pricey. It's doubtful that any owner would let you take the boat out on your own. Too many ways for the boat to disappear and/or end up as salvage
. As others have said, there is the issue of the owner using the boat for daysailing. Will he let you go along on the sails
, what kind of notice will he give you when he wants to take the boat out, etc.
The boats that I have seen that were rented were in poor condition and usually, if a sailboat, missing small things like sails
, boom, winches, and an auxillary engine
. That is something that won't endear the boat to the others in the marina and result in complaints that may get you busted by the Marina Management. I looked at a Tartan 27 that was advertised for sale
a few years back. Boat was a POS the would have taken $1,000's to get into a condition to sail and 5 figures to put into a condition I'd consider minimal to own. I made him an offer of a $500 thinking he'd be happy to get the derelict off his hands. He laughed at the offer. Said he was renting
the boat for $500 a month which made it worth at least $5,000 because of the income
. A large difference in value between a Sailboat vice floating ghetto rental. The condition of the boat reflected the condition of the marina, btw.
FYI. San Francisco
have a 10% live aboard occupancy limit. If the owner doesn't have a live aboard slip, you'll be playing sneak aboard. That is not fun, btdt. The other liveaboards will be watching you. Miss a step, leave something on the dock
, get seen too often leaving the boat during the week, having your car in the parking area constantly, could all bring you to grief. Be sure that the boat is in a liveaboard slip
before you sell you worldly possessions to move aboard.
limit is also a problem for you if you like the lifestyle and decide to get your own boat. Convenient, nice weather
areas all are at limit for live aboard permits. You'll have to get very lucky to get a slip in Alameda and probably Sausalito and/or wait years for a slip to turn up. There may be opportunities in less desirable areas, read high crime, long commute, cold foggy weather
, and/or very windy.
If you're flexible and moving about is no big thing for you, by all means sample the life. Way better than buying
a boat and finding that you can't find a marina and/or don't like the life.