Boat and Yacht Management

Everything You need to Know About Managing Your Vessel

General boat management is relatively easy. Daily checks and keeping the boat clean and the oil changed regularly is the main maintenance required, but when boaters begin to get larger boats and yachts, the maintenance can be too much to handle. Management companies take all of the stress out of this process and allow the owner to get the most out of his or her boating experience.

What is Boat and Yacht Management

A yacht management company is an entity that stores and maintains the vessel for the owner. The company keeps the yacht at the marina and is on call 24 hours a day for any maintenance issues, legal problems, and virtually any situation that arises in regard to the yacht parked in the harbor. Yacht management companies can also have marinas or dry storage facilities for vessels that need to be kept out of the elements for a long period of time during the off season.

Who Needs It

Management companies appeal mostly to busy business minded people who want to own a boat or yacht, but do not have the capacity to store and keep up with the maintenance of the vessel. The people that own yachts and require the expertise of a management company are generally those that are already running their own company or have high demand jobs that take up the majority of their time. The owner can come and go with the boat as they please without worrying about the ever mounting details of yacht maintenance.

The Need for a Crew

Larger super yachts often have the need of a crew for their day to day maintenance not only when docked, but also when the owner decides to take the vessel out to sea. Provided the yacht owner does not already have a crew at the ready to assist them as they take the yacht to exotic ports throughout the world, thee management company itself can provide the crew for the owner. This can be anything from the captain to pilot the vessel all the way to deck crew and a chef. Whatever crew is needed for the job, a good yacht management company will have them available at a moment’s notice.

Specific Needs

Each owner will have specific needs for their yacht. Some owners want to handle some of the yacht maintenance requirements while others will allow the management company to maintain most of the control over all aspects of the vessel. Full management refers to the financial, technical, crew employment, security management, safety management, and operations support. These owners can simply pay for the services to the single entity as opposed to writing checks and paying bills to many different areas. Management agencies streamline the process to make yacht and boat ownership easier for the owner.

Charters

Not all yachts are meant to be chartered, but some yacht and boat owners will choose to utilize this option to gain back some of their investment. This is especially true if the yacht is not used but a few times per year. The management company can work with the owner to have specific dates set aside for their personal use and therefore make the yacht or boat unable to be chartered for that period of time. The other times throughout the year the vessel can be chartered available with the crew and captain from the management company. This option is becoming more and more popular as those that cannot or do not want to purchase a yacht for themselves, can still access the luxury accommodations by chartering.

Learn more about boat and yacht management

Find the Right Boat with Us

Before you can even think about which management agency to use, you have to have a boat available to manage. No matter if you are looking for a large, high end yacht or a smaller fishing vessel, you can find it with Vessel Vendor. We are the leader in online boat classifieds because we care about what we do. We offer the lowest seller fees and an easy to use self posting format to entice buyers to list their boats with us. This mindset allows for us to have the largest inventory of available boats in Florida, so when shopping with Vessel Vendor, customers get access to all styles and types of boats and yachts for purchase. Visit Vessel Vendor today and discover how enjoyable buying a vessel can be.