Offset the Cost of Owning a Boat

Written by Mariah Hoefle
May 24, 2019

Last Updated on December 1, 2023 by Boatsetter Team

Since the launch of Airbnb back in 2008, the sharing economy has truly exploded. We now live in a world where many of the most valuable things we own, from houses to cars and even boats can be shared or rented out to others as a way of earning a valuable income. Of course, owning these assets can be quite expensive and boat ownership, in particular, is a costly endeavor. With brand new boat purchases ranging anywhere from $25,000 to $50,000,000, there’s a lot of reasons why renting out your boat can be a valuable means of income for any boat owner. Fortunately, a lot like Airbnb, with Boatsetter, you can list your boat online where prospective renters can find your boat and rent it for a period of time, making you some serious money. So if you’re looking to pay off that insurance or just simply want some extra cash in your pocket, Boatsetter is here for you.

Offsetting the costs of boat ownership by renting out your boat

Listing your boat on Boatsetter is pretty simple. All you need to do is sign up and list your boat on the website where your listing will go through a verification process. You will need to provide some information about your boat. Information such as the make and model, as well as the current condition the boat is in. You will also need to describe how people can use the boat if they rent it and where the boat is located and how it can be accessed. You will also want to provide some up-to-date photos of the boat so people can see what they are renting. Once your boat has been approved by Boatsetter, you are good to go!

Use our Boatsetter calculator to see how much you can earn

By using our Boatsetter calculator, you can figure out what other people are charging for similar boat rentals with the same make and model as yours and in similar locations. You can get an idea of how much money you’ll make per rental or on a month-to-month basis. You can also add a fuel rate that users must pay to power the boat. In fact, many of our boat owners that have listed on Boatsetter, earn thousands of dollars from a single rental and when it comes to annual earnings, the sky’s the limit. At the end of the day, you could literally pay off your entire boat by renting it out and still have enough profit to buy another one.

Protected by the best boating insurance in the world

With our 1 million dollar insurance protection policy from Geico Marine Insurance, you can rest assured that your boat will be protected at all costs. If the boat incurs any damages whatsoever it will protected by Boatsetter’s insurance policy. And with an insurance policy in place that protects everyone involved in the transaction, there’s no reason to worry about renting out your boat to responsible renters.

Hire a captain or serve as your own captain

If you’re a captain that is looking to take people out on the water, then that’s an option too! You can even earn more money for showing your renters the ways of the water, from fishing excursions to sailboating. Of course, this can all be included in your boat rental cost which you are able to decide for yourself. And if you’re too busy, you can always higher another captain to use your boat to give boating excursions or simply just let anyone with a boating license rent the boat from you. All in all, there’s a lot you can do by listing your boat on Boatsetter and the financial gains can be increasingly high. So list you boat today and let Boatsetter find clients for you!

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