AS BOAT OWNERS, we all know that even when we’re not using our boats, they still cost us money. Slip fees, insurance, and maintenance don’t stop just because our boats are sitting at he dock. At the same time, there are lots of people who aren’t ready to invest in a boat, but who still want to get out on the
water. To bridge these two boating groups, a new concept called peer-to-peer
(P2P) boat rental has emerged. Let’s take a look at how it works, and what to
consider before you jump in.
For a few years now, people with underused assets, such as cars, bicycles, rooms, and
even entire houses, have been connecting via P2P websites to others who want to rent them
for a few hours, a day, or a week. Companies such as Airbnb, which allow people to rent out
unused rooms on a daily basis, have been around for a few years, and the concept has now
migrated to boats. With P2P rental, boat owners can collect some money on days their boats
would otherwise sit at the dock or on the trailer. Non-boat owners can get on the water when
IS PEER-TO-PEER BOATING FOR YOU?
The happiest days in the life of a boat owner might be the day you buy it and …
the day you rent it out?
they want, and let someone else handle the
costs of ownership. Vacationers can rent
boats far from their normal cruising area,
opening up new waters to explore.
One advantage for those looking to buy
a boat is that it’s possible to rent a model
you’re considering buying so that you can
get a whole day’s use to evaluate it. Often
P2P boats are fully loaded, unlike many
traditional rentals, which normally are pretty
basic in order to sustain daily use. If you’re
interested in fishing, for example, P2P owners will often rent their boats fully rigged.
Is it possible to make money renting
out your boat this way? Maybe. According
to Aaron Hall, founder of the P2P website
Boatbound, you can often pay for your
PROTECTION BoatU.S. HAS YOUR BACK BY CHARLES FORT
If you want the joy of
boating without owning
one, peer-to-peer rental
may be for you.