If you have a Captain, and a crew for your luxury motor yacht, you may wonder what do I need a “yacht manager” for? But, that’s like saying if you have a cameraman and crew on a major motion picture, what do you need a director for? The truth is, running a luxury yacht is complicated, and the bigger, and more expensive the yacht is, the more complicated it can get!
A good yacht management company will contribute greatly to the successful operation of your yacht. Consider your yacht management company as your liaison. Your yacht manager can help bridge the gaps between Captain, crew, and owner, while providing support for all.
Support services supplied by your yacht management company can range from accounting, maintenance, recruitment and technical support and to charter brokerage.
That having all been said, what should you look for in a good yacht management company?
Each with a Job to Do
The key to finding an effective yacht management company is finding one that understands that both the yacht manger and the Captain each have a job to do. You want a yacht management company that creates an environment of mutual respect between itself, Captain and crew.
The “business side” of a luxury motor yacht – managing its safe operations, paying suppliers, managing crew and handling charters – is a full-time job. The Captain already has a job.
The yacht management company should never feel they know more than the Captain about his or her particular vessel, but understands that ultimately their role is to take care of all the “other details,” so the Captain and crew can focus on what they do best – making sure that the owner and his or her guests have the safest and most enjoyable cruising experience possible.
You also want a yacht management company that does not take a “one size fits all” approach to management. Yachts are different, owners are different. Florida Yacht Management has various packages available, from “Full-Management” to a la carte services, all tailored to your specific needs.
Transparency and Integrity
There have been yacht management companies that have given the industry a bit of a bad rap in the past, particularly here in South Florida. At Florida Yacht Management we take honesty and transparency very seriously. All of our project managers, captains, crews and technicians, have been fully vetted.
That is something you want when looking for a good yacht management company. Another complaint that owners have had about less than admirable yacht management companies, is they were never quite sure what services were being done, or what services they were being charged for.
Our “On Demand” software allows you to monitor all of the service work being done on your new or used boat in real time. That means at any time, you can approve or decline any service work. You have the ability to monitor all systems checks, weekly or monthly, and can see when they were completed and by whom. You can schedule your trips online in advance, build itineraries online, or select your crew and so much more.
Of course, when choosing a yacht management company, we want you to choose ours. But, do not just take our word for it. Ultimately, when looking for any yacht management company, ask around. Get several references from other owners of motor yacht’s similar to yours, ask captains, suppliers, and of course, your yacht broker.
In the long-run a good yacht manager will make your entire ownership experience a better one, so put as much time and effort into finding the right one, as you did in finding your yacht.
Avoiding mistakes when hiring crew for your yacht can be challenging. If you would like to benefit from our expertise in these areas, or if you have any questions or comments about this blog post, do not hesitate to contact our Yacht Management specialists, or call us at (855) 318-6328.