HOW TO CHARTER YOUR YACHT! HOW YACHT CHARTER WORKS.
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- čas přidán 24. 07. 2024
- For many yacht owners, chartering offers a great way of reducing the running costs of the vessel.
In this interview with Adam Fitzmaurice we dig in to the practical steps and the costs associated with chartering your yacht.
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This has to be one the interview of the highest quality I have seen on any subject. Video 📸 insert for support and clarity. Outstanding.
I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second boat already which is on rental, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made. Great video! Thanks for sharing!..
Very inspiring! I love this
Not quite long I started investing. I'm very curious and need help on how to enhance and increase my returns. Any good investment tips would be appreciated
@@eadad4371 Alright so generally, investing requires higher knowledge. For this reason, It's important to have a solid support structure (financial consultant) to guide you through especially in asset picking. I operate with (REGINA LOUISE COLLARO) an investment advisor who partners with a licensed wealth management firm. For the record, the experience has been the best for my finance. She is quite popular for her services so you might have heard of her.
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@@eadad4371 look her up on the internet and leave her a message she's quite popular for her services as she was recently featured on cnn. She can work with anyone irrespective of where their located
@@skoopqueen. I have had the intentions of starting investing. But I always thought it was late and I think I need to stop procrastinating. I will definitely 🔍 Regina Louise Collaro and see what she can advise .Thanks a lot . This was of so much help to me
Would love to hear Adam explain what "successful charter" means when his version of success with a boat is losing $ every month..
Keep going
Vary interesting David thanks for sharing this video
Thanks for another insightful video. I would be interested to know how easy or hard it is to find the right clients who want to charter a yacht. Also are there many yachts that move from the Northern Hemisphere to the Southern Hemisphere and back to maximise their use?
Very Interesting, the broker has a tricky balance of looking after the owners and charters interests. Good Job David
Very informative. I've wondered about several of the questions. Thanks for answering them. Thank you David and thank you Adam
These Florida videos are a great nuts and bolts series about the industry. You clarify things by looking at issues from both sides - the buyer and the seller / the charter customer and the boat owner. The topics are interesting and educational. Your inserted video clips take the video beyond the cliche of just intelligent talking heads.
Hi David and Adam. A fantastic video, very interesting subject, I'm happy to see the details about charter for owners and clients. Great video thanks 😊
Great episode! Lots of great information! Thanks for sharing!! 👍👍🛥️🛥️
Does the 20% include organising provisioning, fueling, planning itineraries, future mooring/docking, payment of crew wages etc.
What percent of a build cost would go to making it commercially compliant to charter? Does it cost 10% or 20% to build a yacht to charter?
David, very informative as always. Now I know where to look to search for pricing and amenities.
Another great informative vlog from the king of super yacht youtubers.
Just one question.
Is it possible for an owner to remain on his yacht while it’s being chartered .
Great insights Nd now ibjave my answer to charter or not. The answer is no.
One question, when you build your yacht, and you think of maybe chartering it in the future. Is is not better to build in the charter /flag state requirements from the beginning ?
Thank you . What a great video .
What’s the likelihood that you can cover most of the running expenses with a charter? Is this a great way to build up a fleet of yachts?
Yachts are expensive. Super yachts are super expensive. Chartering has a decent chance of covering year on year expenses but it's still a depreciating asset and you won't be profiting beyond the expenses enough to recoup the purchase price.
The folks who make a fleet of charter yachts work are the ones doing smaller boats, like all the charter cats in the bahamas, and then management is an active full time job not a passive income stream.
While it wasn't mentioned when discussing related costs, I would imagine with increased usage from chartering, maintenance costs would also increase.
Maintenance costs will be there either way. (The captain is paid year-round, the crew is contracted seasonally or year-round.) The yacht has properties of both a house and vehicle. If you buy either one and _don't_ use it, you will have parts go bad and have to replace them. For example, any rubber parts, such as with the commodes or hoses, need to be used or they become brittle. Fuel just sitting around could go bad or clog up. And if you have the yacht sitting at a dock, you have to pay your weekly or monthly fees for it to just float there. While I'm not certain, I _think_ a yacht just sitting at a dock is more likely to get gunk on its hull and propellers, but that may be an area/location thing. Fortunately, you don't have to pay for any fuel or docking while it's being chartered.
Just like when you rent a car, your weekly rental is roughly equivalent to one month's payment if you were paying it off over five years. It would be profitable if you can rent it a certain # of times a year, but you can't always do that (especially since yachts have to be cleaned at least once a year) because you have to maintain it.
While your costs will go up a bit, your income will go up as well and then some. If chartering a yacht cost the owners money, they wouldn't be doing it.
Very interesting! Thanks David
Would it make sense for an owner to create something novel like a "charter-to-own program" where
A) charter guests can earn a "right of first refusal" should the yacht be listed for sale one day.
-> thus familiar guests are potentially incentivized to charter the yacht even more often and are more "emotionally invested" when the yacht goes on sale which might shorten closing times while driving the price slightly up
or
B) charter guests commit to a certain amount of charter time and therefore are granted an option to buy the yacht in x years at a predefined exercising price -> Owner has a potential buyer and guaranteed revenue stream while terms could be also attractive to the charter guest if he is unsure about buying a yacht
-> Almost like a hybrid between chartering and co-owing, while option contracts can be designed as needed
I was thinking along the lines of having a frequent charter program. Maybe give them a discount every few charters.
A lot of chartering is what I would call "quantitative" or things that you can measure (or have to pay for). This i all of the things associated with making sure your yacht is OK to charter. Then there are the things that are "qualitative." Toys, crew, location and all of those things that make someone want to charter your yacht. Quantitative things must be done, but the qualitative things are difficult to determine and to get implemented and those are the things that someone will see. I would think that finding and having the right crew is probably one of the most difficult qualitative things to obtain and retain.
Nice channel you have .. showing all aspects of yachts life and ownership
Great Video Clip. very informative. Thank you
Second question. I heard that adding your yacht as a charter, it has tax advantages? (Even you never accept any client)
Have you dealt with any conversions from, say, military or commercial vessals, that now have new lives as yachts?
Thank you for the video! Always great to learn more about the industry. :)
You should use a De-esser on you audio it will get rid of the hanging waves when you say letters like “s”
WOW thank you CZcams I would have never have thought about Charting my Yacht I mean it's been in the back of my garden shed now since my son was six years old his 31 now all this time I could have run it to the local pond and have people pay me 1000's of pounds what a dumb ass I have been.
This youtube channel has become the bible of the yachting industry. 👍👍👍👍 You have any questions, I'm pretty sure you'll find an answer in the videos.
For me as a Central European from a country that does not have a sea very interesting videos! Thanks David
Is Tatiana going to be chartered?
As a retired professional private motor coach driver, the “gremlins” that show up while being parked for a extended period of time are real!
It always amazed me how a brand new $2.5M Prevost can magically develop issues with electronics, generators, air doors, etc., after only 2-3wks of downtime, let alone 2-3mo.! 😬
The more I learn about the cost of charter and the cost of chartering out your own yacht, fractional ownership starts to make a lot of sense.
Did he say owners of the boats do not make any real money. Just enought to cover their daily coast. Yet, I bet this company makes a furtune. Something seems fishy here
Hello David, Great video! I am glad to see you made it back ! Thanks for all the awesome content - I made your logo in After Effects for you - czcams.com/video/ZmSvuKoOYkY/video.html
Thanks so much - it looks amazing! I'd love to use this for my vlogs 😁
Would you mind dropping me an email? david@yachtsforsaleblog.com
@@Yachtsforsaleblog Hi David, Glad you liked it! Email sent (:
So how do skirt discrimination laws? For example, if you don't want party animals on your yachts or say you don't want kids, how do you not have to worry that people will decide to sue because of them being denied and say that they were a minority, but also a group with kids, and you don't want kids on your boat and they decide to sue and claim it was because they were a minority or say you don't want party animals and they claim minority discrimination. Who deals with that? Like I wouldn't want vegans or halal people on my yacht because my chef would want to quit, who handles that?
Unsubscribe Button is coming. Your videos starting to be so boaring.
Hey, if your interested in Yachts, this should up your street. What do you want to see in a video?
@@colin.chaffers A spelling tutorial probably.
The fact that you mentioned you will unsubscribe tells me you wont unsubscribe, because those who mean it just do it and dont feel the need to make a public announcement about it.
Boring??? Where else on youtube are you gonna find this information?? This is extremly good content!!!
When you don't know how to spell "boring" then your probably not the demographic this channel is concerned about.