You have heard about charter income programs. Maybe you are considering putting your luxury motor yacht into a charter fleet to defer your ownership costs. So, now the question you are asking yourself is, “do I have what it takes to be a charter yacht owner?”
If you currently own a yacht, or are considering purchasing a yacht, you already have everything you need to be a charter yacht owner! There are no special skills or certifications required to start earning income as the owner of a charter yacht. Once you decide to place your motor yacht into a charter fleet, you remain completely in control. How often, for how long, and to whom your vessel gets chartered is completely up to you!
As long as you are the type of person without any “hang-ups” about strangers using “your boat,” you have what it takes to reap all of the benefits of charter yacht ownership. Remember, we take great pains to screen anybody who books your boat for charter, and ensure that she is respected and handled with care. Besides which, ultimately, you get to approve any charter before it is booked.
Charter Yacht Programs
There are many different types of yacht charter income programs available. While the programs vary in design, they all have one goal in common: to remove many of the hassles of yacht ownership, while at the same time providing income and maintaining your opportunity to enjoy your yacht whenever you desire!
Having your yacht in a charter program can typically help you defer many of your motor yacht’s “operating expenses,” particularly the costs of “high ticket” expenses such as dockage, routine maintenance, and fuel.
Less Hassles, More Pleasure
I run into many yacht owners, or potential yacht owners, who think that placing a yacht in a charter fleet, just gives them one more thing to worry about. Contrary to what you might think, making your yacht available for charter, can actually make owning a yacht easier, not any harder!
Again, for the types of charter programs we are talking about, you should not consider charter as a “business opportunity,” or a way to “make money,” but as an excellent way to offset the costs of yacht ownership. It is not uncommon to reduce your costs of yacht ownership by as much as 30%!
Not only that, as part of a yacht charter program your yacht will be cleaned and detailed after each charter, so she will always be “ship shape.”
Just as any yacht owner, can be a “charter yacht owner,” so can just about any motor yacht be operated as a charter boat –new or pre-owned, almost any size or model motor yacht can earn income as a charter.
Of course you have a choice when it comes to charter income programs. Besides our years of expertise, and well-qualified charter brokers, and booking agents, one of the main advantages of FYM’s program is you gain access to our groundbreaking On Demand Yachting solution. On Demand Yachting is a proprietary online yacht management platform that has been designed to remove all of the hassles of yacht ownership!
Operating a motor yacht can be costly. Putting your boat in Charter can earn income, and defray some of the costs of ownership. On Demand Yachting from FYM can show you how. If you would like to learn more, 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 (954) 900-9968.