As boat owners, we all know that even when we're not using our boats, they still cost us money. Mooring fees, insurance, and maintenance don't stop just because our boats are sitting at the dock, and they do that for the most part of the year.
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 find out:
Why you should list your boat on bluebnc and how to make money with it!
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 money on days their boats would otherwise sit at the dock or on the trailer. Also non-boat owners can get on the water when they want and enjoy beautiful coastlines, and let someone else handle the costs of ownership. Vacationers can rent boats far from their normal cruising area, opening up the 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.
Is it possible to make money renting out your boat this way? Maybe. According to Marc von Eiberg, founder of the P2P boat rentals platform headquartered in Palma de Mallorca bluebnc.com, you can often pay for your expenses by renting your boat once or twice a month and if you are open to renting it more often you can even make money on top of that.
How It Works
Boat owners list their boats on bluebnc.com. Potential renters browse boats of all types and sizes, and once they find something they want to rent, the website handles the transaction from start to finish. Owners set their own price based on the market, as well as required deposits. Insurance should be included in the price.
Bluebnc makes it easy to list or find a boat.
Boat owners often find it hard to imagine renting their boat to a perfect stranger. Their biggest concern? How do I know a renter will take care of my stuff? The flip side to this is that a renter doesn't want a boat that's not safe, or that can barely make it out of the marina. While there is a certain element of trust, the answer combines something eBay has been doing for years — buyer and seller reviews — with vetting for both renter and boat. If your product is good, you get a good review; if your buyer is good, he/she gets a good review. If either gets poor reviews, it's not likely they'll be able to continue to participate. The same concept is used on bluebnc.com, with the addition that a renter is further vetted and the boat has to meet certain qualifications, and needs a Charter License so the boat can be hired in Mallorca, Menorca and Ibiza. Furthermore, bluebnc.com offers renters the possibility to hire a captain for their rental.
You wouldn't rent your pride and joy to someone you know nothing about, so Bluebnc requires renters to complete a questionnaire and affidavit, meet age requirements, have a valid license, and possess a minimum of two years of boating experience. Bluebnc also requires that the owners receive a deposit from renters to cover contingencies like minor damage, missing life jackets, or failure to refuel the boat. In the end, though, it's the owner who has to feel comfortable renting to an individual, and there's really no standard format.
Renters can browse bluebnc.com, which show pictures and descriptions of boats, what Marina the boat is in, along with reviews from previous renters, so they can be sure they're getting the right boat. Still not sure you'd rent out your boat? Bluebnc has taken a slightly different approach to address the high-end luxury-boat market, setting up their website to offer the option of having a licensed captain aboard for the rental.
How much can you make?
Renting a boat in Mallorca, Menorca or Ibiza is not cheap, but if you consider the fact that rental cost will be split between all the people getting on board, it is easy to understand why this is getting so popular. Before we get in to the numbers, you can expect to rent your boat in Mallorca up to 90 days/year, in Ibiza up to 75 days/year and in Menorca up to 60 days/year, see below what you can charge for your boat:
Motor Boats Rental Prices Mallorca.
Rent a boat without a license in Mallorca: 200 to 300 Euros/day.
Rent a 5 to 6 metres sports boat in Mallorca: 300 to 500 Euros/day.
Rent a 7 to 8 metres power boat in Mallorca: 500 to 700 Euros/day.
Rent a 8 to 10 metres power boat in Mallorca: 700 to 1000 Euros/day.
Rent a 10 to 13 metres power boat in Mallorca: 1000 to 1500 Euros/day.
Rent a 13 to 16 metres Motor Yacht in Mallorca: 1500 to 3000 Euros/day.
Rent a 16 to 20 metres Motor yacht in Mallorca: 3000 to 6000 Euros/day.
Sailing Boats Rental Prices Mallorca.
Rent a 7 to 8 metres Sailing Boat in Mallorca: 200 to 300 Euros/day.
Rent a 8 to 10 metres Sailing Boat in Mallorca: 300 to 400 Euros/day.
Rent a 10 to 13 metres Sailing Yacht in Mallorca: 400 to 600 Euros/day.
Rent a 13 to 16 metres Motor Yacht in Mallorca: 500 to 7000 Euros/day.
bluebnc.com takes a commission of 20% and all your rentals booked through the platform, and also offers the services of checking in, checking out and cleaning.
For any more info, feel free to check Bluebnc.com , to list your boat visit the List your boat Page or contact us directly.