By Michael Wong | January 3, 2022.
Rent Out Your Boat
Is your boat, jet ski, canoe, or kayak sitting around unused most of the year? Have you thought about making money renting out your boat to other people?
If this idea interests you, read on...
How Much Can You Make Renting Out Your Boat?
Prices vary considerably depending on the type of boat or experience being offered on verified genuine online boat rental marketplaces. They range from $11 per hour to an incredible $230,000 per week!
You keep between 71% and any add-on charges and 93% of the rental price.
Top 2 Sites To Make Money Renting Out Your Boat
Here are my top two boat rental marketplaces to make money renting out your boat, jet ski, canoe, kayak, etc. Visit each website for more information:
1. GetMyBoat (Visit getmyboat):
- Make money renting out your:
- pontoon
- yacht
- jet ski
- houseboat
- powerboat
- paddleboard
- canoe
- kayak
- deck boat
- fishing boat
- Keep 93% of rental fee - or 90%, if there is a need for currency conversion.
- GetMyBoat collect full payment from the customer when an offer is approved.
- Earnings paid out by direct deposit into your bank account or PayPal after the trip is completed.
- Incidental coverage limit acts much like a security deposit to protect you for any incidents during the trip:
- Minor damages.
- Gas fees not collected at the time of return.
- Additional rental hours.
- Additional equipment rentals.
- Cleaning fees.
- Deductible for valid insurance claims.
- Sample rental agreements for boats, houseboats, and personal watercraft.
- You manage your rental calendar and set seasonal pricing.
- GetMyBoat does not offer boat rental insurance and is not partners with any insurance companies.
- Mobile app ratings:
- Android: 3.5 (110+ reviews / 10,000+ downloads)
- iOS: 3.1 (5+ ratings)
- Stats:
- 100,000+ booking requests last year.
- 2 million+ visitor searches last year.
- 130,000+ listings.
- 100,000+ app downloads.
- Funding: $11.5 million (http://c1ick.us/getmyboat-crb)
- Employees: 11-50 (est. 2013) (http://c1ick.us/getmyboat-lkd)
- Minimum age: 18+
- Countries: USA, worldwide.
- Free to join: Yes
2. Sailo (Visit sailo):
- Make money renting out your:
- yacht
- sailboat
- motor yacht
- pontoon
- catamaran
- cruiser
- Benefits:
- Earnings:
- You keep 86% of displayed calendar pricing, plus any add-ons you offer, if you have your own charter insurance.
- You keep 71% of displayed calendar pricing, plus any add-ons you offer, if you require coverage by Sailo's insurance policy.
- Renter must pay a refundable $500+ minimum security deposit (which you can change) to cover any incidental damage or lost items, if you choose Sailo's insurance.
- Earnings paid by direct deposit into your bank account 24 hours after a completed rental.
- You choose rental rates and availability:
- Full day = 8 hours
- Half day = 4 hours
- Quarter day = 2 hours
- Installments feature lets you charge the renter an initial deposit to hold the boat, and then charge the remaining balance across up to four payments.
- You approve or refuse any renters or captains.
- Sailo review and verify all captains and renters' boating qualifications.
- Sailo visit every boat to make sure the vessel is up to the highest standards.
- 24/7 customer support.
- USCG licensed captains available to renters.
- Invite your friends to Sailo:
- They get $100 off their first rental.
- You get $100 in boating credits.
- Requirements:
- Maintain and keep the Proof of Insurance on board at all times.
- Provide Documentation of Ownership and/or a valid copy of the Boat's Registration (and any other legally required documentation) on board the boat at all times.
- iOS app rating: 4.7 (25+ ratings)
- Stats:
- 26,000+ rentals.
- 30,000+ vessels.
- 2,300+ captains.
- Funding: $1.1 million (http://c1ick.us/sailo-crb)
- Employees: 2-10 (est. 2015) (http://c1ick.us/sailo-lkd)
- Minimum age: 18+
- Countries: USA, worldwide.
- Free to join: Yes