LakeHop is a peer-to-peer watercraft rental service that operates on lakes in 39 states. It also connects athletes wanting to sell water-related experiences with clients.
Expected pay: you set it
HuslScore: $$$$
Commissions & fees: 15% commission charged boat owners/service providers; an additional 10% commission charged to customers
Where: Lakes in 39 states
Requirements: 18 or older; Watercraft and/or athletic skill to teach (surfing, fishing, paddle boarding, sailing, etc.) Appropriate licenses.
LakeHop review:
If you have a boat — or skills that would be of interest to water-lovers — you should check out LakeHop. LakeHop, like other boat rental marketplaces, allows boat owners to list their watercraft for rent. It also provides a marketplace for people wanting to buy and sell water-related services ranging from fishing lessons to water skiing and wakeboarding adventures.Â
Boat owners and service providers can create a profile on the site for free. You set your own rates, terms and availability. Boat owners, for instance, determine rental rates, deposits and rules.
Unlike other sites, boat owners typically list their craft with a “ride share driver” on this site. That essentially means that the craft can’t be booked without a driver — often the owner. That may give comfort to boat-owners who don’t want to worry about some landlubber crashing their craft. It can also be a nice perk for renters, since you don’t have to worry about navigating and there’s no extra charge for the driver.
Other service providers determine what services they offer — i.e. , water ski or paddle boarding lessons — the price per hour and other policies.
Pay
If a boat or service is booked, the site will take a 15% commission for the connection and collection services. Payments are collected from renters on confirmation. Money is paid to boat owners and service providers within 10 days following the rental/service.
Cautions
The site expects boat owners and service providers to respond to requests within 24 hours. You must also keep communication and payments on the platform so that the site can collects its cut. If you don’t, you could be subject to a site fine of up to $1,000.
More significantly, LakeHop does not provide any sort of insurance for your boat. So, boat owners should buy commercial coverage for their watercraft AND collect a deposit on every rental. LakeHop’s terms also state that boat owners need to submit receipts for any claims within 48 hours of a rental. So, be sure to check the gas level and condition of the boat when it’s returned, if you don’t skipper it yourself.Â
Recommendations
LakeHop is a relatively young boat rental service, so it’s not as widely established as BoatSetter or GetMyBoat. You should also never rent out your watercraft without a commercial insurance policy for both damage and liability. Be sure to talk to your insurance agent about your rental plans and get the appropriate coverage before listing your craft.Â
That said, none of the boat rental services have exclusivity clauses. So there’s no downside to listing your watercraft and services on all three boat rental sites.
Suggested Options.
Blogging as a side hustle
Larry Ludwig may well be the poster child for why people recommend blogging as a side hustle. He…
Side hustle success stories: Selling on Etsy
Helen Spallas has worn many hats--investigator, janitor, tax preparer --but she didn't make six…
Great holiday gift experiences
Want to give someone something unique this holiday season? Consider holiday gift experiences.
Jobs for military spouses
The typical military family moves every two or three years. And with all that moving around, jobs…
3 Best tutoring sites
The best places to find a tutor are also the sites that are the best places for freelancers to…
Holiday hustles
One-quarter of Americans are looking for a holiday hustle to help defray the high cost of seasonal…
Learn to teach for free
Have a skill? You can make money teaching it online. And this month two of the best teaching…
5 New hustles — good, promising and pretty bad
We've reviewed 5 new hustles this week, which provide good opportunities for designers, notaries…
Strategies to survive inflation
Basic strategies to survive inflation involve spending (or saving) less or earning more. Or, if…
No college? No problem
No college? No problem. A wide array of jobs -- many of them well-paid -- don't require a degree.…