[Rhodes22-list] Florida Syndicate

Mon Dec 19 11:24:26 EST 2005

I have been reading with interest.  Odyssey Marine Consulting LLC has been 
batting the idea of have a rental boat for 3 years now and I havent come up 
with a good solution.  The main down side is liability insurance.  You can 
figure >1600 a year for that.  divided by 250 that is 40 weeks of rental to 
cover.  There are companies who rent and have timeshare deals on boats.  The 
rental boats are usually low cost boats which are going to take some abuse.  
The timeshare boats are ones that most people cannot afford to own outright 
but split 6 to 10 ways is not too bad.  If you get it worked out lemme know 
I always wanted a home in Miami - even a tiny one.  Bob Weber

>From: michael meltzer <michaelmeltzer at yahoo.com>
>Reply-To: The Rhodes 22 mail list <rhodes22-list at rhodes22.org>
>To: The Rhodes 22 mail list <rhodes22-list at rhodes22.org>
>Subject: Re: [Rhodes22-list] Florida Syndicate
>Date: Mon, 19 Dec 2005 05:37:26 -0800 (PST)
>
>bill a quick subjection, you are going to need some
>form an corperation or an LLC for this, it procection
>for the share owners so no one can come after them for
>more than thier investment. we should have a lawwer on
>the list(or do we have to sign steve back up) that can
>be voliltered for it :-), FWIT, a benifit to the share
>owners is they can "use" any unrented time up to
>double thier share as advaiable, please play attention
>to "exit" clause now, in clear full/terms, including
>unable to conatct.  What happens is some is unhappy,
>losses intrest, dies, heath etc, or worse yet get
>pissed at the other members...... get is cleaned up
>upfrount instead with the "last man standing" years
>from now. Could be a "downer" to debate on the list so
>use some tack. -mjm
>
>--- Bill Effros <bill at effros.com> wrote:
>
> > Chris,
> >
> > I understood what you meant, I just wanted everyone
> > else to understand
> > that while I think I can nail down the logistics for
> > a single home port,
> > I can't recover the boat after one-way trips.
> >
> > If a group of people wants to take the boat to the
> > Bahamas, have another
> > group sail it around there for a while, and have a
> > third group return
> > it--why not?  As long as it gets back to home base
> > somehow.
> >
> > If the boat is useful for Stan and Elton, why not?
> >
> > If someone wants to take the boat to distant waters
> > because a group
> > wants to sail somewhere, why not?  How about Maine
> > in the Summer?  I
> > know how to store it in Greenwich for a lot less
> > than I know how to
> > store it in Miami.
> >
> > Everyone pitches in with their knowledge. Some
> > people can provide some
> > things, some can provide others.  We'll need all
> > kinds of help to keep
> > it rolling.  As long as people want to keep using
> > it, and are willing to
> > pay a modest use fee, we can afford to keep it.  The
> > membership of the
> > Syndicate can keep changing.  If it gets to be a
> > pain, and no one is
> > willing to do what has to be done, we sell it.
> >
> > I think it could be a lot of fun, and good for
> > everyone.  It appears
> > that there are enough people who agree with me so
> > that we can try it out.
> >
> > You've got a lot of experience in outfitting boats
> > for more than day
> > sailing, and we'll be listening to all of your
> > ideas.  Since we all own
> > the boat, hopefully everyone will leave the boat a
> > little better than it
> > was when he or she got it.
> >
> > We'll see.
> >
> > Bill Effros
> >
> >
> >
> > Chris Geankoplis wrote:
> >
> > >Dear Bill,
> > >                Getting the boat to Miami would be
> > no problem, I just
> > >thought that some of the guys might want to sail
> > the Bahamas without making
> > >2 crossings.  No problem!
> > >Chris G
> > >----- Original Message -----
> > >From: "Bill Effros" <bill at effros.com>
> > >To: "The Rhodes 22 mail list"
> > <rhodes22-list at rhodes22.org>
> > >Sent: Sunday, December 18, 2005 1:53 PM
> > >Subject: Re: [Rhodes22-list] Florida Syndicate
> > >
> > >
> > >
> > >
> > >>Thanks, Chris,
> > >>
> > >>You're in.  You've got to get it back to Miami.
> > How long would such a
> > >>trip take?  What's the insurance deal?  The Conch
> > Cruisers Bill
> > >>mentioned seem to be a group of MacGregor owners
> > taking long cruises
> > >>together.  If you set something up for the Summer
> > of 07 you might get a
> > >>group of people interested in taking their own
> > boats with you on a
> > >>cruise they would never take by themselves.
> > >>
> > >>Bill Effros
> > >>
> > >>
> > >>
> > >>Chris Geankoplis wrote:
> > >>
> > >>
> > >>
> > >>>Hey yoos guys,
> > >>>                       Did somebody say
> > Syndicate?  Back in Napoli we
> > >>>
> > >>>
> > >had a
> > >
> > >
> > >>>couple of syndicates 'till Guido went up da
> > river.  So you can count me
> > >>>
> > >>>
> > >in!
> > >
> > >
> > >>>I will commit to the rental time even if I can't
> > use it till next summer.
> > >>>It would be my intention to sail the boat over to
> > the Bahamas for a
> > >>>
> > >>>
> > >couple
> > >
> > >
> > >>>of weeks or so and I would certainly be willing
> > to put some sweat equity
> > >>>
> > >>>
> > >in
> > >
> > >
> > >>>the boat to prepare it for the trip in the summer
> > of 2007.  If anybody
> > >>>wanted to pick up the boat at the end of my
> > "charter" in the Bahamas that
> > >>>might work out well also.
> > >>>
> > >>>Chris G
> > >>>----- Original Message -----
> > >>>From: "Bill Effros" <bill at effros.com>
> > >>>To: "R22 List" <rhodes22-list at rhodes22.org>
> > >>>Sent: Sunday, December 18, 2005 8:12 AM
> > >>>Subject: [Rhodes22-list] Florida Syndicate
> > >>>
> > >>>
> > >>>
> > >>>
> > >>>
> > >>>
> > >>>>Is there is, or is there ain't a real interest
> > in putting together a
> > >>>>Florida Syndicate for Brad's boat?
> > >>>>
> > >>>>The idea is to fix up a boat so it's both
> > sailable and saleable, and
> > >>>>leave it in Miami for use by Syndicate members.
> > The boat would rent out
> > >>>>for roughly $250 a week--syndicate members get
> > first choice on dates,
> > >>>>others could rent on an as-available basis.
> > People who want to see or
> > >>>>try a Rhodes-22 could be directed to the
> > Syndicate boat, and could rent
> > >>>>it if available.
> > >>>>
> > >>>>If not enough people continue to rent the boat
> > over the years, and it
> > >>>>doesn't cover its nut, or just becomes a pain,
> > the Syndicate sells the
> > >>>>boat and splits the profit.  Syndicate members
> > have first shot at buying
> > >>>>the boat.
> > >>>>
> > >>>>Brad already has $1250 in this deal.  I said I
> > was good for $500 worth
> > >>>>of rental.  Is anyone else seriously interested?
> > >>>>
> > >>>>You can become a syndicate member by committing
> > to a minimum of 1 week
> > >>>>of rental time, paid in advance..
> > >>>>
> > >>>>Brad is slightly over committed.  He's in the
> > air right now, trying to
> > >>>>earn enough money to finance all the adventures
> > he gets himself into.  I
> > >>>>told him I would try to sort out the Syndicate
> > deal for him before he
> > >>>>returns from his current trip.  If too few
> > people are interested, I
> > >>>>suspect the boat will be parted out.  Brad wants
> > the IMF.  The hull is
> > >>>>probably worth more to Stan than to anyone else.
> >  Bud did legwork, he's
> > >>>>entitled to first shot at remaining parts.  If
> > anyone else has an
> > >>>>interest in parts, please post the interest to
> > the list, along with how
> > >>>>much the parts are worth to you.
> > >>>>
> > >>>>It's time to either fish or cut bait.  Please
> > let us all know, on-list,
> > >>>>where you stand so we can sort this out.
> > >>>>
> > >>>>Here are Bud's boat Pictures:
> >
>=== message truncated ===
>
>
>__________________________________________________
>Do You Yahoo!?
>Tired of spam?  Yahoo! Mail has the best spam protection around
>http://mail.yahoo.com
>__________________________________________________
>Use Rhodes22-list at rhodes22.org, Help? www.rhodes22.org/list