In some cases, Boatsetter also connects boat owners with the crew needed to sail their vessel.
Expected pay: Boat owners determine rental prices; captains typically make $50 per hour.
Commissions and fees: 20–35% (10% if you currently have a business liability policy, including insurance). Renters must pay fees to use the website.
Where: 2,100 waterways worldwide
Eligibility: A rental boat, the necessary training and expertise to serve as a skipper, a smartphone
Our Review
You can connect with people who wish to rent your boat or hire you as a boat captain through Boatsetter’s online marketplace. If boat owners want to purchase the website’s commercial insurance policy, they will pay a 20–35% cost on each rental. Geico Marine underwrites the insurance, and the cost varies depending on the yacht. A 10% cost per rental is applied to boats having commercial insurance or a charter insurance policy.
Any additional payments made on behalf of the owner or renter are also subject to processing fees from Boatsetter. Fuel, damage/security deposit payments, and other small fees are included in this. The processing price at the moment is 3% + $0.15 per charge.
