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If you’re a boat or yacht owner who doesn’t use it all year long and would like to earn extra money by renting it out, Sailo is the perfect app for you. Sailo allows you to list your boat or yacht up on their online marketplace for free. Sailo will charge you a 14% commission fee on each rental. Considering average rental prices for boats and yachts, you can expect to make around $860 per day or $2,030 per week.
Pros
- User-friendly app
- Passive income stream
- Choose the price of your boat listing
- Can offer special deals and promotions
Cons
- 14% commission fee
- No guarantee of renters
Jump to: Full Review
Compare to Other Sites to Rent Stuff
Neighbor
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
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
What is Sailo?
Sailo is a web and mobile marketplace that connects charter companies and boat owners with those who want to rent boats.
It was founded by Adrian Gradinaru in 2014 and is now based in New York. Sailo works to create transformative technology to redefine the $50 billion boat rental industry as instant and mobile.
Sailo’s mission is to make all of the world’s boat experiences instantly available to customers anytime, anywhere, and on any device.
There are over 30,000 boats in over 100 countries and over 500 locations.
How Does Sailo Work?
If you’re a boat owner, you can rent your boat to renters on your own terms and offset the costs of boat ownership.
With Sailo, renters can create an ideal trip by renting a boat online by browsing through thousands of boats and being able to customize their search.
Who is Sailo Best for?
Sailo is best for boat owners to earn a side income by renting out their boats online to potential renters.
What Can You Rent With Sailo?
With the Sailo app, you can rent out your boat and/or yacht quickly and seamlessly.
By indicating the details of your boat or yacht, you’ll help potential renters find the boat they were looking for.
How Much Can You Earn With Sailo?
The average cost of a boat rental is $860 per day or $2,030 per week.
How much you earn on Sailo depends on how much you would like to set the rate at whatever level you feel a renter would be willing to pay.
Pro tip: Offer special one-time deals to potential renters to boost bookings.
Sailo Benefits: What Does Sailo Offer?
Wide Audience
As a boat owner, you have a large market palace on Sailo for your boat to be seen by potential renters. Listing your boat on Sailo increases your chances of booking rentals because of the large online audience.
With Sailo, you can earn extra money by listing your boat or yacht online for rent. Renters will pay to use your boat and help you make an extra side income.
Set Your Own Rates
As a boat owner on Sailo, you get to set your own rates and decide how much you’d like to list your boat or yacht. You can also offer renters special one-time offers and promotions.
Sailo Fees: How Much Does it Cost to Use Sailo?
While listing your boat on Sailo is free of charge, it has a 14% commission fee on each rental made through the platform.
Sailo Requirements?
To get started with Sailo, you need to create a profile online. Once you create your profile and are ready to list your boat, your boat will have to pass a Sailo insurance inspection.
There is a detailed process to list your boat that includes filling out boat information, photos, and available calendar dates.
Sailo Payout Terms and Options
Payments are processed 24 hours after the end of a rental period and will be deposited directly into your bank account as per your instructions.
This means that you will receive payment after the rental period is finished.
Sailo Reviews: is Sailo Legit?
Sailo reviews are quite hard to find online. The platform isn’t rated on popular review sites like Trustpilot, SiteJabber, and BBB.
Nevertheless, Sailo has a 4.7-star rating on Facebook (based on 88 reviews). It’s noteworthy that reviews on Facebook are from people who have used boats through the platform.
Overall, users are happy with Sailo as it has a wide range of boats and yachts available. A lot of people also praised their customer service.
Meanwhile, most unhappy customers complain about poor customer support, which wasn’t able to solve their issues.
What Are Sailo Pros & Cons?
Sailo Pros
- User-friendly app
- Passive income stream
- Choose the price of your boat listing
- Can offer special deals and promotions
Sailo Cons
- 14% commission fee
- No guarantee of renters
How Good is Sailo Support?
Sailo has a very detailed and extensive FAQ page where you can find answers to commonly asked questions that are organized by categories.
If you can’t find an answer to your query, you can contact Sailo customer support in two ways:
- Send a message through a contact form
- Email at info@sailo.com
Sailo Review Verdict: is Sailo Worth It?
If you’re a boat or yacht owner who doesn’t use it all year long and wants to earn extra money by renting it out, Sailo is the perfect app. Sailo allows you to list your boat or yacht up on their online marketplace for free.
Considering average rental prices for boats and yachts, you can expect to make around $860 per day or $2,030 per week.
Note that while listing your boat or yacht on the platform is free, Sailo will charge you a 14% commission fee on each rental.
How to Sign Up With Sailo?
You’ll first be directed to create a profile and fill in your basic information to sign up. You will also be asked to put in your banking information in order to receive payments. Listing your boat is a more detailed process, where you will fill out various information about your boat before you can list it.
Once your boat is listed, you can wait for potential renters to contact you.
Sites Like Sailo
| Comparison | Sailo | Neighbor | FriendWithA | Airbnb |
|---|---|---|---|---|
| Earning potential | $860 per day | $100 – $600 per month | $1,000 per month | $2,500 per month |
| Service fees | 14% | 4.9% + $0.30 | 10% | 0.03 |
| Best for | Boat/yacht rentals | Renting storage space | Renting items | Vacation rentals |
Sailo 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
Sailo allows you to rent out your yacht or boat to potential renters, while on Neighbor, you can rent out storage space to potential renters. With both of these apps, you can list your space and earn income from the renters.
Sailo 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
With Sailo, you can rent out your boat or yacht for renters to book for a daily or weekly fee. On FriendWithA, you can list your gear for rent by the hour. You earn money by putting your boat or equipment up for rent with both of these apps.
Sailo 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 Sailo and Airbnb, you are using the apps to rent out a boat or property for a daily fee. On Airbnb, you can rent out an entire house or a room or space, while with Sailo, you can rent out your boat or yacht.
Sailo FAQs
Does my boat get verified by Sailo?
Yes, Sailo will visit your boat to make sure that its standards are in line with the service they’re offering renters. They also review and verify all captains and renters to ensure safe operation by experienced renters.
If I have a boat, can I list it on Sailo and captain it myself?
Yes, you can list your boat on Sailo and captain it yourself. Note that you’ll be required to have proper USCG or local government licensing.
Does the rental price include fuel?
This will depend on the owner and what they decide, but typically, the rental price does not include fuel.
Can I pick my own captain?
Yes, as a boat owner, you can pick the captain you trust as long as they have a USCG license.
