⚓ Renting Out Your Boat: Profit or Pitfall?
Thinking about renting out your boat to help cover the cost of ownership—or even turning it into a side business? You’re not alone. In places like Jacksonville, Florida, where the boating season stretches from March to October (and often beyond), more owners are testing the waters of boat rentals.
But before you jump in, you need to understand the full picture—from income potential and liability risks to maintenance costs and the type of boat that fits your goals.
Let’s break it all down.
The Pros of Renting Out Your Boat
Renting out your boat can be a great way to offset costs and enjoy more financial flexibility as an owner.
Key benefits:
Earn passive income – Boats in Jacksonville can rent for $200–$600/day, especially during peak season.
Offset ownership costs – Just 2–4 rentals per month can cover your insurance, maintenance, and storage.
Tax deductions – Expenses like repairs, depreciation, and marketing may be tax-deductible.
Share your passion – Help others get on the water while making boating more accessible.
The Cons and Risks You Need to Know
Of course, it’s not all sunshine and smooth sailing. Renting out your boat comes with real responsibilities and potential downsides.
Common challenges:
Liability – Florida law (SB 606) requires $1M in insurance and renter safety protocols. Peer-to-peer platforms like Boatsetter help cover this, but private rentals without coverage could cost you big.
Wear and tear – Even careful renters accelerate engine hours, upholstery damage, and trailer fatigue.
Time and logistics – Cleaning, scheduling, launching, refueling—it takes effort.
Seasonality – Peak rental months are typically March–October. Expect downtime and reduced demand in colder months.
Can Renting Out a Boat Cover Ownership Costs?
Here’s a basic annual breakdown to help you crunch the numbers:
Estimated Annual Costs:
Boat loan or depreciation: $8,000
Insurance (with rental coverage): $2,500
Storage/marina fees: $2,400
Maintenance & repairs: $3,000
Misc. (fuel, cleaning, gear): $1,500
Total: ≈ $17,400/year
Potential Rental Income:
Moderate usage: $400/day(4 hour or 8 hour rental depending on market) × 40 days = $16,000
High usage: $500/day (4 hour or 8 hour rental depending on market) × 50 days = $25,000
📈 Verdict: If you can rent 3–5 times a month, you’ll likely break even or profit—if you manage it right.
Choosing the Right Boat for Rentals
The type of boat you own (or plan to buy) will shape your rental strategy.
Popular rental types:
Pontoon boats – Great for families and chill days on the water. Easy to operate. $200–$400/day.
Fishing boats (center consoles) – Target anglers and charters. $300–$600/day.
Bowriders/ski boats – Attract wakeboarders and thrill seekers. $400–$800/day.
Yachts & party boats – Luxury rentals, often captained. $1,000+/day.
If you’re purchasing a boat with the intent to rent:
New boats offer warranties and attract premium renters, but they depreciate quickly.
Used boats cost less upfront and lose value more slowly, but may need more maintenance—especially if heavily used.
Towing vs. Marina Storage
Trailered boat (you launch):
Lower storage cost
Requires a reliable tow vehicle
More work to prep and clean each rental
Marina-stored boat (in water):
Higher monthly fees
Easier for renters
Often viewed as more professional and trustworthy
Ask yourself: Do you want convenience or lower cost? Do you already own a truck capable of towing your boat’s size?
Other Things to Consider
Before diving in, ask yourself:
Will I rent it personally, or use a platform (like Boatsetter or GetMyBoat)?
Do I want to include a captain, or allow renters to operate it?
Do I have time to manage bookings, cleanings, and emergencies?
Am I emotionally prepared for people treating my boat like a rental?
💡 Final Thoughts: Is It Worth It?
If you already own a boat, or you’re thinking of buying one, renting it out can absolutely be worth it—but only if you go in prepared. The numbers work out in your favor if you hit even modest booking goals.
Just be sure to:
Protect yourself with proper insurance
Choose the right type of boat and storage setup
Price competitively for your market
Maintain the boat well and communicate clearly with renters
In Jacksonville and other boating-friendly regions, this could be a great side hustle—or even a way to make boating free for you.
