Donkey
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25% is ridiculously high, it's normlly around 10% for a fully mananged service....
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All though not a great believer in BTL for purely investment purposes, I think in the OP case it may well be worth considering the rental option, particularly as there seem to be a lot of people who have sold a property prior to buying another one who are looking for "short term" / 6 month rentals. If you are not local (or living in Wales which requires registration / exams to be a landlord), then an agent is essential. Even if you did not make any money, (unlikely), you would still be retaining the value of the property should you ever change your mind, and potentially any rental income could go towards paying off a loan if you need one to fund a boat purchase?
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...hope it goes well for you...good luck, and do keep us informed, it would make a great thread!!
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After several years of hiring for the odd week we considered this as an option, or at least spending 6 months full time crusing the canals when retired, but after due consideration we decided to join a syndicate boat instead to see how we would get on with more frequent / longer cruises. (Prior to this we had only hired a boat for a week at a time but we wanted to experience spending longer on a boat). We really enjoyed the opportunity to have "longer" cruises, but after a few 2 week long cruises we realised that was probably the most time we would want to spend on a boat in one go and shelved any thoughts we had about "longer term" cruising. If it's something you really want to do then go for it, but initially I would suggest trying out a longer period of boating before commiting to the "full time" option?
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..you have forgotten to add in all the extra time for the locks
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...it actually says "Lister Dursley" on the cover....?
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..a few years ago we "borrowed" a boat for a week of a friend who was a resident / permanently moored at the "Herons Nest" marina near Llangatock / Crickhowell...
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Tonic required. Send in your photos of what is nice on the waterways now.
Donkey replied to DandV's topic in General Boating
..probably the best thread on this forum....keep going chaps!!!! -
Tonic required. Send in your photos of what is nice on the waterways now.
Donkey replied to DandV's topic in General Boating
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Tonic required. Send in your photos of what is nice on the waterways now.
Donkey replied to DandV's topic in General Boating
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Who actually votes for the "Marina of the Year" awards?
Donkey replied to Donkey's topic in Moorings & Marinas
..ta for the replies, I have checked the website and the awards are thro'/ from Towergate insurers, so probably not a true reflection of actual customer feedback? -
In our years of boating we have had the (mainly) pleasure of mooring up at a variety of marinas. More recently we moved to a Marina that has been "voted" Marina of the year on several occasions. We were "happy" to pay the premium prices they seemd to charge at every slight opportunity, but we had assumed "reasurringly expensive" would also be indicative of a "premium service"? How wrong could we have been! A catalogue of general incompetance and a complete failure of even basic communications when dealing with anything from servicing, boat safety checks and an inability to match invoices with any work actually carried out. (To be fair any engineering work that was carried out was fine, it was the "system" supporting this that seems to have major problems). I am not sure whether it was a general lack of resources, training or management or a combination of all of them, but a Company that clearly puts profit ahead of customer service, and nothing was actually achieved when these concerns were raised directly with "the management". I fully understand the need for any commercial organisation to make a profit, but I would also expect at least a reasonable level of customer service to go with this, particularly in what is essentially a customer focused business? Perhaps we were just "unlucky"?? (Although speaking to some of the other "locals" suggested that we were not alone with some of our issues).