Deal enables more boat owners to join sharing economy and offset the cost of boat ownership.
MIAMI, Fla., – November 2, 2022—Boatsetter, the leading marketplace for boat rentals and on-water experiences in the U.S., and Suntex Marina Investors, LLC, the premier owner and operator of best-in-class marina properties, today announced a partnership to provide boat owners in the Boatsetter program with access to slips at select Suntex Marinas. Suntex has 70 locations and more than twenty thousand existing slips across an ever-growing portfolio of locations. This groundbreaking partnership will allow more boat owners to earn extra income to offset the costs of owning and maintaining a boat via Boatsetter’s sharing platform.
Boatsetter provides private boat owners with a way to safely and legitimately list their boats for rent, and its intuitive platform makes it simple to manage bookings. Boatsetter connects owners with renters and U.S. Coast Guard-licensed captains and manages all the logistics to allow private boat owners to earn income. Some Boatsetter owners reported generating more than $100,000 in revenue.
Boating is a natural extension to the sharing economy, which has allowed people to turn homes, cars, RVs, swimming pools, and more into revenue generators. In fact, Boatsetter has a higher cohort revenue retention than the leading homesharing platform, meaning boat owners realize higher revenues year over year.
The company boasts the world’s only legally compliant and insured peer-to-peer boat rental platform, having partnered with GEICO and BoatUS to pioneer the first-ever peer-to-peer boat rental insurance policy in 2014. With the Suntex relationship, it has removed yet another barrier for entrepreneurs looking to participate in the sharing economy.
“Having a dedicated location from which boat owners can safely operate their businesses is a game changer and makes building a lucrative business via Boatsetter, exponentially easier. We’re thrilled to partner with Suntex to create a seamless process for all parties involved,” said Jaclyn Baumgarten, CEO & Co-founder of Boatsetter.
“This partnership allows us to showcase the boating lifestyle, our amazing marina destinations, and the unparalleled Suntex Experience to a new group of individuals. It brings together two forward-thinking companies with a vision for providing innovative options both for boat owners and for those looking to create treasured memories on the water,” said Rich Carter, Suntex Chief Operating Officer.
Initially, slips will be available in two locations in Florida, Bayshore Marina in Miami and Little Harbor Marinas, Ruskin, with plans to expand to additional marinas across the country in 2023.
About Boatsetter: With more than 50,000 boat listings available in over 700 locations worldwide, Boatsetter is the leading marketplace for on-the-water experiences and boat rentals. Boatsetter makes it easy to discover and enjoy a wide array of on- water experiences by connecting qualified renters directly to boat owners and licensed captains. Featuring the largest database of USCG-certified captains, Boatsetter makes it possible for even those with no prior boating experience to tap into an incredible array of water activities. Credited with pioneering the first ever peer-to-peer boat rental insurance policy, Boatsetter has empowered boat owners with the tools and support to become entrepreneurs on the water. Launched commercially in 2014, over one million boaters and boat owners alike have turned to Boatsetter to discover the endless possibilities the water provides.
About Suntex: Suntex Marinas engages in the ownership and management of marina properties. The executive officers at Suntex have over 100 years combined experience investing in, acquiring, and managing marinas. Suntex prides itself on a growing reputation in the marina industry for its commitment to superior customer service, experienced marina managers and staff, conscious contributions to marina communities and expansive enthusiasm for creating treasured memories on the water. www.suntex.com
Mollie Leal for Boatsettter