Cruisers Forum
 


Reply
  This discussion is proudly sponsored by:
Please support our sponsors and let them know you heard about their products on Cruisers Forums. Advertise Here
 
Thread Tools Search this Thread Rate Thread Display Modes
Old 13-05-2018, 02:50   #1
Registered User

Join Date: Nov 2015
Posts: 15
Not sure how to go about this

Hi guys,

Last year I have proudly become owner of a Beneteau Oceania 411. I do not have enough time to use it regularly enough and therefore it stays at the pontoon doing nothing.

I am toying with the idea to sell a half share of the boat. Another reason for this is to share the expenses that come with keeping the boat, pontoon, etc.

What do you guys think? Any bewares?

Looking forward for your comments.
Steve
caughtthewind is offline   Reply With Quote
Old 13-05-2018, 07:48   #2
Senior Cruiser
 
Orion Jim's Avatar

Cruisers Forum Supporter

Join Date: Dec 2008
Location: Noank, Ct. USA
Boat: Cape Dory 31
Posts: 2,896
Images: 8
Re: Not sure how to go about this

I'm sure there are successful co-ownership examples but it is a business relationship and therefore an iron clad contract will be required to protect both parties and the assets.
On a personal note I would never share a living space with strangers. Nor would I expect a co-owner to treat my toys as well as I do. Good luck.
Orion Jim is offline   Reply With Quote
Old 08-06-2018, 15:35   #3
Registered User

Join Date: Apr 2013
Location: On board in the Wast Caribbean
Boat: Tayana 37
Posts: 11
Send a message via Skype™ to coqui811
Re: Not sure how to go about this

Think about putting the boat up for charter with some company if you are years away from being able to use it frequently. Otherwise sell it. Under use generally causes deterioration problems and may cause huge repair costs.
coqui811 is offline   Reply With Quote
Old 10-06-2018, 07:58   #4
Registered User

Join Date: Nov 2017
Location: Connecticut
Boat: in the works
Posts: 389
Re: Not sure how to go about this

Quote:
Originally Posted by Orion Jim View Post
I'm sure there are successful co-ownership examples but it is a business relationship and therefore an iron clad contract will be required to protect both parties and the assets.
On a personal note I would never share a living space with strangers. Nor would I expect a co-owner to treat my toys as well as I do. Good luck.
Truth.
jefjo is offline   Reply With Quote
Old 10-06-2018, 08:00   #5
Registered User

Join Date: Nov 2017
Location: Connecticut
Boat: in the works
Posts: 389
Re: Not sure how to go about this

Although..... I have a friend who keeps a boat in Newport RI. He lists it on air bnb and covers the costs that way. Blocks out select weekend, keeps the cost high enough to keep the clientele more high end. I think he's nuts but it works for him.
jefjo is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Not Sure if this Is the Right Place... powerskipper Europe & Mediterranean 7 08-10-2009 02:00
Not sure what is wrong with the menu... ssullivan Provisioning: Food & Drink 17 26-03-2006 14:17

Advertise Here


All times are GMT -7. The time now is 22:05.


Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2022, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2022, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.