How to Finally Own That $3 Million Yacht You’ve Always Wanted – Global Sound

Global Sound – (PRWEB) June 10, 2004

Monocle Yacht Management, in Fort Lauderdale, Fla., has introduced a “fractional ownership” plan that can make wannabe-millionaire dreams come true.

Those who once thought owning a yacht was out of their reach financially — and perhaps more importantly, not a sound practical decision – now have an alternative. Buyers pay a percentage of the yacht’s price, as well as a percentage of annual management and maintenance fees. They then own a percentage of the property and use it for a certain amount of time each year.

Sound like timesharing? Maybe, but since most people have limited time to manage and use vessels like this, it just might be the ticket to enjoying the luxury yachting lifestyle without all the risk.

In this case, the owners actually purchase a share of a particular yacht, complete with a captain, crew, maintenance, insurance and everything that goes along with it. They get a deed to their asset just as they would any other major investment property, and they are free to sell their share just as they might a piece of real estate.

Though still a fairly new concept, fractional ownership is now the fastest growing segment in the travel industry. It started taking off in the corporate jet industry in the mid-90s when Warren Buffet joined forces with NetJets, the world’s largest fractional jet ownership company. It’s popular too with resort homes

As a management company, Monocle has bulk buying power and the know-how to hire and manage the entire crew to generate maximum savings, convenience and luxury for the owner. They specialize in vessels above 70 feet and manage more than 50 yachts all over the world.

Research shows that typical yacht owners are on board their vessels less than one month per year over the tenure of their ownership. Through fractional ownership they’re able to own the yacht and only for the portion they actually use.

“Because they do have busy lifestyles and only limited days available to cruise each year, we make everything as easy and comfortable as possible for the yacht owner,” said Marty Busekrus, national sales manager.

“A couple of weeks before their scheduled cruise date, the captain calls the owners up and asks ‘where would you like to go, and what would you like on board to eat?’ We take care of everything for them,” said Busekrus.

Monocle Management was originally founded by Dr. Loren Simkowitz to address the headaches and hassles commonly found in the yachting community. Simkowitz has more than 40 years experience in yachting, combined with a background in managing multi-unit residential rental communities.

For more information contact Marty Busekrus at [email protected] or 813-363-3913; or log on to http://www.MonocleManagement.com

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