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GetMyBoat Review 2024 – How Much Can You Make?

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GetMyBoat Review

getmyboat logo

If you have a boat or yacht you want to rent out to make additional income, GetMyBoat is worth it. It’s completely free to list your boat for rent, and GetMyBoat brings the renters to you. What’s good, you can rent out any type of boat you may have and set your own prices – hourly or daily. Based on the current listings on the platform, it’s safe to assume that you can make at least $300 per day.

Safe & Legit

Service Fees

Earning Potential

Payout Process

Pros

  • High earning potential
  • Set your prices and rental terms
  • Secure payments via PayPal
  • Free to list your boat for rent

Cons

  • 8.5% service fee
  • No guarantee of successful rentals

Jump to: Full Review

Compare to Other Sites to Rent Stuff

Neighbor

Neighbor logo

Rent garage, driveway, parking lot, basement, bedroom, shed or carport

No listing fees + guaranteed payment monthly even if a renter doesn’t pay

Free coverage for everyone— $1,000,000 for host and $25,000 for renters

FriendWithA

FriendWithA logo

Earn money by renting out your gear with relatively low rental fees – 10%

Average monthly pay – $95 for bike, $145 for camera, $150 for guitar

Personal liability guarantee up to $100,000 and $125,000 property coverage

Air Bnb

Air Bnb logo

Earn approximately $924 per month hosting one of the 30+ million users

Low booking fees – a flat 3% per reservation + free $1M liability insurance

Option to set your prices + get paid quickly by PayPal, Direct Deposit

How Does GetMyBoat Work?


GetMyBoat was founded by Raf Collado and Sascha Mornell in 2021 in San Francisco, California. It is the marketplace for boat rentals, yacht charters, and on-the-water experiences.

GetMyBoat gives boat owners the ability to earn money and offset the expense of boat ownership. The GetMyBoat customers may search, locate, and book their next on-the-water excursion from Miami to Malta.

How Much Can You Earn With GetMyBoat?


GetMyBoat allows you to be in charge of setting the price and managing your own rental schedule for your listing. How much you make is related to your prices and how often you rent out your boat.

Here are some of the examples of the boat prices currently listed on the platform:

Boat PriceBoat TypeBoat CapacityLocation
$595/dayBowrider8 guestsArizona
$320/dayPowerboat10 guestsAlabama
$195/hourPontoon14 guestsTexas

GetMyBoat Reviews: Is GetMyBoat Legit?


GetMyBoat has a 4.9-star rating on Apple App Store, a 4.9-star rating on Google Play Store, and a 1-star rating on BBB.

Review SiteReview Score
Apple App Store4.9
Google Play Store4.9
BBB1

Customers have praised the app for being user-friendly and easy to use, responsive and quick.

Customers have raised complaints about their accounts being suspended, not being able to contact customer support, and dealing with last-minute cancellations. 

Who Is GetMyBoat Best for?


GetMyBoat is best for boat owners who want to offset the cost of boat ownership and make additional money by renting out their boats online. 

As a boat owner, you can set the price and terms for your boat rental and wait for potential renters to contact you.

What Can You Rent With GetMyBoat?


With GetMyBoat, you can rent out your boat, yacht, or kayak on their online marketplace. You can determine the price you want to charge renters per hour and easily earn money online.

GetMyBoat Benefits: What Does GetMyBoat Offer?


Earn Money Online

With GetMyBoat, you can easily earn money online by renting out your boat, yacht, or kayak on the app. You can charge per hour and make money from each successful rental.

Set Your Prices

You get to decide how much to charge renters for your boat rental by the hour. The prices you set are completely up to you.

Be Your Boss

GetMytBoat allows you to work as your own boss by setting your prices and hours. You can choose how often you want to work and rent out your boat and are in charge of your income.

GetMyBoat Fees: How Much Does It Cost to Use GetMyBoat?


Creating a water or boat experience on GetMyBoat is completely free. GetMyBoat does charge boat owners an 8.5% service fee to cover their costs.

GetMyBoat Requirements


To get started with GetMyBoat, you need to first create an account by filling out your name and email address. Once you create an account, you will have to provide a copy of your ID. Once you are verified, you can create your listing and wait for potential travelers to contact you.

GetMyBoat Payout Terms and Options


Payout occurs after a trip is completed. Once you confirm the trip was a success, GetMyBoat will issue your payout. Payouts are issued via bank transfer or via PayPal and take 5-10 business days to appear in your account.

What Are the GetMyBoat Pros & Cons?


GetMyBoat Pros

  • High earning potential
  • Set your prices and rental terms
  • Secure payments via PayPal
  • Free to list your boat for rent

GetMyBoat Cons

  • 8.5% service fee
  • No guarantee of successful rentals 

How Good Is the GetMyBoat Support?


GetMyBoat has a very detailed and extensive FAQ page in their help center that answers their most commonly asked questions. You can also submit a request on their website to receive help from customer support.

GetMyBoat Review Verdict: Is GetMyBoat Worth It?


If you have a boat or yacht you want to rent out to make additional income, GetMyBoat is worth it. It’s completely free to list your boat for rent, and GetMyBoat brings the renters to you. 

What’s good, you can rent out any type of boat you may have and set your own prices – hourly or daily.

Based on the current listings on the platform, it’s safe to assume that you can make at least $300 per day.

How to Sign Up With GetMyBoat?


Getting started with GetMyBoat is easy:

  1. First, add a description, photos, boat specs, and prices to your profile
  2. Then, wait for interested renters to contact you
  3. Next, make an offer of availability, pricing, and trip details
  4. Finally, get paid online

Sites Like GetMyBoat


CompanyGetMyBoatNeighborFriendWithAAirbnb
Logo getmyboat logo neighbor logo friendwitha logo air-bnb logo
Earning potential$300+ per day$100 – $600 per month$1,000 per month$2,500 per month
Service fees8.5%4.9% + $0.3010%0.03
Best forRenting boatsRenting storage spaceRenting itemsVacation rentals

GetMyBoat vs. Neighbor


Neighbor Summary

  • Earn up to $600 per month renting a garage
  • 48 hours to screen potential renters
  • Get 1 payment at the end of each month
  • $1 million free coverage for hosts

With both GetMyBoat and Neighbor, you can rent out your boat or extra space to potential renters. On GetMyBoat, you rent out your boat, yacht, or kayak by the hour, while on Neighbor, you rent out storage space. You can post your listing and earn money from the renters with both of these apps.

GetMyBoat vs. FriendWithA


FriendWithA Summary

  • Outstanding 24/7 customer service
  • $10,000 damage protection insurance
  • Relatively low fees of 10% per rental
  • Earn up to $1000 per month from rentals

GetMyBoat allows you to list your yacht or boat for rent, while with FriendWithA, you can list your gear for rent at an hourly rate. With both of these apps, you can rent out your boat or gear by the hour to make an additional income.

GetMyBoat vs. Airbnb


Airbnb Summary

  • Over 150 million users worldwide
  • Earn an average of $924 per month
  • Rent out your property whenever you want
  • Quick turnaround time for payouts

With both GetMyBoat and Airbnb, you rent out either your boat or space for guests to stay and earn money online. GetMyBoat allows you to rent out your yacht or boat by the hour, while with Airbnb, you rent out your property or rooms for a nightly fee. You can earn extra money from guests with both of these apps.

GetMyBoat FAQ


What Is GetMyBoat?

The platform is the world’s largest boat rental and charter marketplace with over 150,000 boats in 184 countries and over 9,000 destinations across the globe.

GetMyBoat’s mission is to change the way the world goes boating, snorkeling, kayaking, and more. With GetMyBoat, boat owners can rent out their boats and earn additional income.

Today, GetMyBoat has over 249,000 reviews from customers and 2.5 million unique visitors per year.

Can you make money on GetMyBoat?

Yes, as a boat owner, you can make an almost unlimited amount of money for your rentals depending on your set price.

Can I take a deposit through GetMyBoat?

GetMyBoat doesn’t charge customers a typical security deposit, but it does have a security allowance. 

How do I add my payout method?

You must add your payout information to your GetMyBoat account in order to get paid.

How can I maximize my bookings?

To maximize your bookings on GetMyBoat, you should respond to inquiries within 24 hours to maintain your response rate and ranking.

How do I cancel a booking?

To cancel a booking, head to your inbox and click “Confirmed Bookings.” You can click on the booking and click cancel the reservation.

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Kate Starr

Dollarbreak

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