Ed_on_WD
Well-Known Member
Very true! A poorly run boat can be a money pit. My wife was previously on a boat where the president of the LLC was a self centered tyrant. He disregarded input from the other owners, treated marina staff rudely, and paid all the bills late.
His payment history meant that repairs were not done on time, which lead to share owners missing their vacations because the boat was inoperable. One year, just before the LLC presidents trip, he started paying past due invoices so the things would be in tip top shape for HIS vacation. The share just prior to his struck a rock and damaged an outdrive. Several owners got together and visited the shop doing the repairs. The shop owner had the time and the parts, and said the boat would be ready to go for the next trip out, which was the presidents. The group of owners convinced the shop to "have trouble locating parts", and the president missed HIS trip. Poetic Justice!
The last time we saw that boat, it was in the docks at Wahweap, listing badly to starboard and down at the stern.
We bought into our current boat in 2006. We toured 22 potential candidates during a December 2005 inspection trip, when they were out of the water, talked with the shops that maintained the boats in question, and had phone conversations with share owners (not just the managers). I am shocked by the number of people who write a check based on a Boat Trader ad, never having seen the boat in person!
In spite of all those precautions, we still ended up with a management company that stole all the yearly dues from 5 boats, and ALL the money from shares sold on a new boat not yet built, who then invested all that money in the housing bubble that burst in 2008. We took control of our boat and ended up with a GREAT group who were determined to do it ourselves, and do it right. We are still on that boat 17 years after we bought in. Look for the best maintained 2004 Summerset at Antelope, and that is us.
His payment history meant that repairs were not done on time, which lead to share owners missing their vacations because the boat was inoperable. One year, just before the LLC presidents trip, he started paying past due invoices so the things would be in tip top shape for HIS vacation. The share just prior to his struck a rock and damaged an outdrive. Several owners got together and visited the shop doing the repairs. The shop owner had the time and the parts, and said the boat would be ready to go for the next trip out, which was the presidents. The group of owners convinced the shop to "have trouble locating parts", and the president missed HIS trip. Poetic Justice!
The last time we saw that boat, it was in the docks at Wahweap, listing badly to starboard and down at the stern.
We bought into our current boat in 2006. We toured 22 potential candidates during a December 2005 inspection trip, when they were out of the water, talked with the shops that maintained the boats in question, and had phone conversations with share owners (not just the managers). I am shocked by the number of people who write a check based on a Boat Trader ad, never having seen the boat in person!
In spite of all those precautions, we still ended up with a management company that stole all the yearly dues from 5 boats, and ALL the money from shares sold on a new boat not yet built, who then invested all that money in the housing bubble that burst in 2008. We took control of our boat and ended up with a GREAT group who were determined to do it ourselves, and do it right. We are still on that boat 17 years after we bought in. Look for the best maintained 2004 Summerset at Antelope, and that is us.
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