Small "syndicate"

[coombm]

Small \"syndicate\"

Thinking of purchasing a boat with a couple of friends. Does anyone have any suggestions / good & bad experiences of the things that must be done and the pitfalls to avoid?

 

[petem]

Re: Small \"syndicate\"

What sort of boat and where you gonna keep it?

<A target="_blank" HREF=http://www.FairlineOwnersClub.com>Fairline Owners's Club</A>

 

[byron]

Re: Small \"syndicate\"

<font color=blue>My experience is based solely on seeing other people do it. It seems an instant recipe for argument and a general falling out about everything ranging from who caused what to happen to who left a bottle of milk to go off. In short unless run via a management company... instant disaster.

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[Trevor_swfyc]

Re: Small "syndicate"

Mike,
It sounds good as the bills are all split including the original cost so you can get a bigger boat than you might have done on your own. The pitfalls are numerous which might become a problem. Will you all use the boat together or individually.
Will you all want to anchor up and have a few beers and sit in the sun or would you want to speed up and down the river. Repairs and maintenance can become a problem one person often gets lumbered with this as unfortunatly your partners get called away on the weekend that you are due to antifoul, but they at least agree to pay 1/3 each for the antifoul. New equipement you may want a new electronic must have bit of kit but then get frustrated by a why do we need that attitude what we have got does us.
It would be worth getting something down in writing, what for instance if one member wishes to drop out after one year.
Whatever you decide enjoy!

Trevor

 

[EME]

Re: Small \"syndicate\"

JFM is the real expert hereabouts on thi sissue. Try pm'ing him. He will explain pleisures and pitfalls.

<font color=blue>I am WHAT I say I am</font color=blue>

 

[petem]

Re: Small \"syndicate\"

Well I've owned a whole boat myself and that's not an ideal solution either. You spend so much cash that you feel obliged to go down there every weekend, even if the weather is crap. JFM is in a syndicate and says that his works well.

Just make sure of the followng:-

o you like each other.
o you have the same mindset and motives for boat sharing.
o if the boat is in Spain then make sure that all the partners are uk based. If one of
you lives in Spain then they'll make it their boat.
o Draw up a formal contract (RYA have a basic one).

I've PM'd you with details of the syndicate I'm trying to set up.

Regards, Pete

<A target="_blank" HREF=http://www.FairlineOwnersClub.com>Fairline Owners's Club</A>

 

[jfm]

Re: Small \"syndicate\"

It can work absolutely fine. All down to personal preference and you can see that Byron disagrees 200% which is fine. But if you get the right people and you're all cool about it then all will be fine. You have to get into the mindset that it's only a pice of plastic and who cares if someone prangs it, everything can be fixed, everything. Although in fact we dont prang ours at all, much. See previous posts in last 3 weeks for much detail especially <A target="_blank" HREF=http://www.ybw.com/cgi-bin/forums/showthreaded.pl?Cat=&Board=mby&Number=305044&page=&view=&sb=&o=&vc=1#Post305044>this one</A>

 

[sgball]

Re: Small \"syndicate\"

Agree a set of rules and stick to them. A few to get you started.

1. Have a ring round system, so you don't get to the mooring and find the boat gone.
2. Fill petrol tanks after use, very frustrating when you get to the boat early in the morning to catch the tide and find you have no petrol.
3. Leave boat clean and tidy.
4. Set up a bank account which requires two signatures.

We once shared a boat with family - ended up with none of us talking to each other for years.

Regards
Trudie

 

[Guest]

Re: Small \"syndicate\"

Anyone want to share a Glastron /forums/images/icons/laugh.gif (only joking)

 

[BrendanS]

Re: You\'d have to pay them! nm

 

[Guest]

Re: You\'d have to pay them! nm

Includes all safety gear /forums/images/icons/laugh.gif

 

[byron]

Re: Small \"syndicate\"

<font color=blue>I do stress I speak only from observation rather than from self experience. If it is working for you then that is great. I can however see the pitfalls.
BTW. Who did put that nasty mark down the side of your boat /forums/images/icons/wink.gif

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[hlb]

Re: Small \"syndicate\"

JFM posted some good remarkes on the subject some weeks ago. About finding people with similar views and backgrounds I think. Now this might be great if you have loads of friends or aquaitances who all have the same boat ethos as yourself. Course they also need to have just about the same amount of spare money as well. Or one will want bigger better and another smaller, cheaper. Then course. You dont want some one like me. Who likes to go every where. Cram it into the smallest harbour and up the shallowest river. Course I've no thoughts of doing any damage and have not so far. But! Then theres Long john with his diving equipment, nets, weights and spear gun, not to mention all the hidious things he brings up from the depths. Blood and gore everywhere. Course if you like that sort of thing. OK. Then of course theres the worse lot. The G&T brigade. Flower pots. Reading Lamps. Orniments and doylies. Yuk!!

<font color=blue> Haydn

 

[Steve_D]

Re: Small \"syndicate\"

I am embarking on a similar enterprise with a mate and I thought long and hard about it. when I thought about my various friends I quickly narrowed it down to those I thought it could work with and those it definately would not!

The chap in question is very laid back and has a similar attitude to me about life in general. Each brings different skills to the party and I feel (hope!) that we will compliment each other.

On the other hand my closest mate would not be a good mix at all, we would just end up bickering and fall out, despite being each others best man and knowing each other for over 25 years. It just wouldn't work.

Good luck

Steve D