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Charter your home

Questions and answers about financing the dream, budgets, insurance, investments, taxes, and all things money related.

Topic author
skbenga
Posts: 4
Joined: Mon Sep 30, 2019 7:30 am
Your Vessel Info: No Boat yet but if i could i would get the Lagoon 40.
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Charter your home

Unread postby skbenga » Wed Oct 02, 2019 2:14 am

My dream is to Live aboard a lagoon 40/42 but its pretty damn expensive so I have been looking for ways to fund it.

I wanted to ask,
1. do people charter their live aboard boat as like a hotel room on the water?

2. Is this feasible to do? Is there enough people wanting to pay for these charters for me to pay off a dream boat (assuming good location and service)?

User avatar

CaptForce
Posts: 1047
Joined: Mon Oct 08, 2012 2:01 pm
Your Vessel Info: Morgan Out Island 41
Location: Lived Aboard 45 Years,- now on a chair in my walk-in closet!
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Re: Charter your home

Unread postby CaptForce » Wed Oct 02, 2019 9:38 am

It would be difficult to find a liveaboard that charters their vessel as a bareboat charter. Some may do captained charters, but these are usually just day charters as the owner is still maintaining the vessel as their home. I've witnessed two types of situations close to what you described in South Florida and the Bahamas.

1- Some of the large chartering companies will sell a vessel that remains in their charter fleet while you are able to use the vessel for a specified time as you make payments to gain full ownership.
2- There are a number of liveaboards that own vessels with the major space aboard is altered to accommodate 8 to 12 youths in a dorm-like setting. They specialize in boy scouting adventure cruises.
Take care and joy, Aythya crew

Topic author
skbenga
Posts: 4
Joined: Mon Sep 30, 2019 7:30 am
Your Vessel Info: No Boat yet but if i could i would get the Lagoon 40.
Has Liked: 1 time
Been Liked: 1 time

Re: Charter your home

Unread postby skbenga » Wed Oct 02, 2019 9:54 am

I may have miss spoke due to lack of knowledge which i should apologize for.
My plan is to buy the boat mentioned above (with three cabin setup) and then run it as a hotel room with my wife. we would provide meals and arrange tours etc.

Is this a feasible business model and do other people do it with relative success?
User avatar

CaptForce
Posts: 1047
Joined: Mon Oct 08, 2012 2:01 pm
Your Vessel Info: Morgan Out Island 41
Location: Lived Aboard 45 Years,- now on a chair in my walk-in closet!
Has Liked: 14 times
Been Liked: 132 times

Re: Charter your home

Unread postby CaptForce » Thu Oct 03, 2019 7:44 am

I've seen a few vessels listed on Air BnB. Are the "tours" that you refer to excursions on the boat? In the USA taking passengers aboard a vessel underway requires a certification. It's not difficult to obtain the "six-pack" license that is required for six passengers or less. I suppose that the success would be hard to predict,- 'probably dependent upon your location and promotion.
Take care and joy, Aythya crew
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tex
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Re: Charter your home

Unread postby tex » Thu Oct 10, 2019 2:08 pm

I reserved a space (single room) on a yacht providing B&B service in Stuart, FL. This was a 60 ft. or so yacht with at least two other rooms (priced higher) available. I ended up cancelling due to an approaching hurricane, but it seemed like a neat idea to me.
When life is hard, eat marshmallows!

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