This BOAT makes $90k per year as a short term rental
Summary
AI-generatedThis video explores the potential of purchasing and operating large sailing catamarans as short-term rentals, highlighting a specific charter program's guaranteed income and included expenses. It also shares a personal account of a family member's experience with boat ownership in a charter program, including resale challenges.
Key insights
A 42ft catamaran with four state rooms and four heads rented for $9,000 for 8 nights, with additional fees for fuel, mooring, and customs bringing the total to around $10,800 for eight people.
Mistakes to avoid
Relying solely on a charter company's projected resale value without considering market volatility and depreciation can lead to financial losses when selling the boat at the end of a contract.
Tools & resources
The Mooringsplatform
The Moorings is identified as a major charter company in the Virgin Islands and globally, offering charter programs with income guarantees.
Frequently Asked Questions
Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial