Boat Co-ownership - Page 3

Ribbed41Pleasure · 07 March 2013, 09:09

Talking of boatshare schemes - Ribshack Marine Ltd, went 'bust' last month and is now operating under the Ribshack Marine (Trading) Ltd brand - now out of Saxon Wharf. The onwer's boat's were chained up for a week or so as berthing payments had not been settled by the afformentioned company. Someone settled on the owners behalves. Luckily!

So boat management is not always the way to go.

whisper · 07 March 2013, 09:24

The trouble with joint boat ownership is if you do 10% more than your share, your partner does 10% less than his share.

So therefore you have done 60% of the work and they have only done 40%

It's the same with the money and the usage.

Very soon the balance tips and it makes your boating experience a very unhappy one

bigjarv · 11 March 2013, 22:38

Poly! Thank you very much for your help with this. I forgot to post a thank you! Looks like we are go go go!!

Oscarguitar · 12 March 2013, 00:40

Shared two boats in the past.

First one rebuilt a 21 ft jet deep v something, fibreglass, respray, new windshield, upholstery, motor and Jet. Looked great, was crap. Bought boat and co - owner announced he was off to Australia for three months. By time he got back I had pretty much finished it. I put petrol in he used it up. I cleaned it, he didn't, it sank, I sold it and gave him 1/2. Who's the mug?

Second was diesel Monterey. Lovely boat, I used it lots, he (different one) hardly did, always moaned about servicing cost, storage, repairs. Had some weird ideas about tying it up, could not get the cover right, was never as clean as I left it. I bought him out in the end.

So sharing is a great idea if you share with me, the boat will be serviced, clean, fuelled up, maintained, cover on securely and tied up properly! And I will do most of the work and pay more than my share, cos that's how I like it!

OCD, who me! Don't do it!

John Kennett · 17 March 2013, 23:42

From reading through this thread it seems that having two or three sharers with an informal DIY arrangement is probably asking for trouble. A larger syndicate, with a sensible formal agreement and most of the work contracted out looks like being a better prospect.

A management company could potentially be helpful, but I reckon it's probably an unnecessarily expensive way of doing things (although a company like RIB Shack which runs a fleet of boats does have the advantage of being able to provide a replacement if there's a problem with your boat).

Poly · 18 March 2013, 00:04

Quote:

Originally Posted by John Kennett

A management company could potentially be helpful, but I reckon it's probably an unnecessarily expensive way of doing things (although a company like RIB Shack which runs a fleet of boats does have the advantage of being able to provide a replacement if there's a problem with your boat).

well maybe...

Quote:

Originally Posted by Ribbed41Pleasure

Talking of boatshare schemes - Ribshack Marine Ltd, went 'bust' last month and is now operating under the Ribshack Marine (Trading) Ltd brand - now out of Saxon Wharf. The onwer's boat's were chained up for a week or so as berthing payments had not been settled by the afformentioned company. Someone settled on the owners behalves. Luckily!

So boat management is not always the way to go.

bigjarv · 25 November 2013, 15:44

Just thought I'd bring this back up to let you know, I found a web site called Indulgeon and now share my rib using their system. It's really good. We own the rib but their online software does all the management type of stuff with an online calendar etc. Their solicitor made up all the agreements. All the info and discussions on here were really useful so thank you very much. Understanding the pitfalls I think helped me sort all the problems. That and the knowledge from the guys at Indulgeon.com. So far sharing has worked for me. It's all in the setting up it seems!

Deflated tubes · 25 November 2013, 15:49

I have also been using the Indulgeon website to run my shared rib.

I have to say that the flexibility that the calendar booking system offers is brilliant. You should all check this one out!!!

The range of things that this website can do is awesome, really takes all the hassle out of sharing!

HUMBER P4VWL · 25 November 2013, 17:15

Trade- Hmm, not many posts in the last two posters' history?! Chances of two users posting consecutively on an old thread 5 mins apart? Lol

Deflated tubes · 25 November 2013, 17:42

Of course the two posts are related!!! I am in the same group sharing a rib with BigJarv!!!!!

We were chatting about Indulgeon.com on Skype, he was posting on this forum and I agreed that it was a website worthy of promoting as it has completely solved all the niggles that we had before using it.

We thought you all should have a look at it so I supported his views.

Nos4r2 · 25 November 2013, 18:52

What's your rib? Do you still retain 100% ownership if you use that site?

Jizm · 25 November 2013, 20:01

Quote:

Originally Posted by Nos4r2

What's your rib? Do you still retain 100% ownership if you use that site?

Hmmm. Strangely quiet now.....

John Kennett · 25 November 2013, 20:19

bigjarv, you are a director of Indulgeon though aren't you?

Why not shell out the very modest £100 for a Trade Membership and tell us all about it properly instead of taking people for fools and spamming the forum?

HUMBER P4VWL · 25 November 2013, 20:25

Quote:

Originally Posted by John Kennett

bigjarv, you are a director of Indulgeon though aren't you? Why not shell out the very modest £100 for a Trade Membership and tell us all about it properly instead of taking people for fools and spamming the forum?

Knew it.

nugent · 25 November 2013, 20:28

Yes it was a tadge obvious

SteveHall · 25 November 2013, 20:36

Lets wait and see this guys reply, maybe he isn't... He can't be a director and that obvious about a fake reviews...

Doug Stormforce · 25 November 2013, 20:38

Quote:

Originally Posted by bigjarv

Just thought I'd bring this back up to let you know, I found a web site called Indulgeon and now share my rib using their system. It's really good. We own the rib but their online software does all the management type of stuff with an online calendar etc. Their solicitor made up all the agreements. All the info and discussions on here were really useful so thank you very much. Understanding the pitfalls I think helped me sort all the problems. That and the knowledge from the guys at Indulgeon.com. So far sharing has worked for me. It's all in the setting up it seems!

Quote:

Originally Posted by John Kennett

bigjarv, you are a director of Indulgeon though aren't you?

Why not shell out the very modest £100 for a Trade Membership and tell us all about it properly instead of taking people for fools and spamming the forum?

Big Jarv- That was a stunning bit of marketing. We really know how trustworthy your brand is now.

paintman · 25 November 2013, 20:43

Quote:

Originally Posted by bigjarv

Their solicitor made up all the agreements.

You mean they're not true

I'm shocked

Deflated tubes · 25 November 2013, 20:48

12345

SteveHall · 25 November 2013, 20:49

Looked at the site.. and my tubes feel deflated