Marina slip fee increases

John Mercier · 01-22-2022, 09:56 PM

Quote:

Originally Posted by Winilyme

There are so many variables. A smart business person will consider them all and select a rate reflective of the market less the risks including those associated with being perceived as someone who's gouging. But I bet a vast majority of people that are renting slips, bikes, AirBnbs or whatever don't consider all those variables and simply go for the highest dollar value the market will bear. Sadly, that's the way of the world today. Customer care is a dying art. It's all about me, not about you. But, as Jeffk points out, when the shoe is on the other foot...

Regarding the marinas, I doubt many of them are too worried about business not being there in the future. I mean, maybe they need to respond to market declines at some point by lowering prices but do any of them really think they aren't going to be able to fill up all those slips in the future at the highest possible price point? Yes, they'll anger some people but I'm betting in most case that's second fiddle to the almighty dollar.

I care a lot about customers. But the ones that want luxuries should expect to pay for those luxuries.

Descant · 01-23-2022, 12:08 AM

Transparency is a word we hear a lot and mostly ignore. Let's be transparent here and state our position. In my case, I own a rental residence and I own a rental boat slip. It's hard to raise the rents on a residence because, if the tenant leaves, I may have to re-paint, replace carpet, advertise and have vacant times with no rent. The goal is to keep the tenant in place, right? In the case of a boat slip, there is no expense to turnover, except perhaps vacancy. There is a wait list of tenants who will, pay a higher rent, if that's the market. That's the way it is today. In some years, there is no wait list, and I get no rent at all, or I reduce the price to find a way to cover some, if not all of my expenses, mortgage, dues, taxes. In that case, I can't sell, no buyers, or the price is a loss if I sell. This is all pretty basic, but posters on this topic should indicate their perspective, not just a position from Economics 101.

John Mercier · 01-23-2022, 01:18 AM

Wouldn't that just be you deciding that the extra cost is not worth the possible increased return?

01-23-2022, 12:08 AM	#2
Descant Senior Member Join Date: Mar 2006 Location: Merrimack and Welch Island Posts: 4,597 Thanks: 1,418 Thanked 1,705 Times in 1,109 Posts	Transparency Transparency is a word we hear a lot and mostly ignore. Let's be transparent here and state our position. In my case, I own a rental residence and I own a rental boat slip. It's hard to raise the rents on a residence because, if the tenant leaves, I may have to re-paint, replace carpet, advertise and have vacant times with no rent. The goal is to keep the tenant in place, right? In the case of a boat slip, there is no expense to turnover, except perhaps vacancy. There is a wait list of tenants who will, pay a higher rent, if that's the market. That's the way it is today. In some years, there is no wait list, and I get no rent at all, or I reduce the price to find a way to cover some, if not all of my expenses, mortgage, dues, taxes. In that case, I can't sell, no buyers, or the price is a loss if I sell. This is all pretty basic, but posters on this topic should indicate their perspective, not just a position from Economics 101.

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01-23-2022, 01:18 AM	#3
John Mercier Senior Member Join Date: Jun 2021 Posts: 3,987 Thanks: 3 Thanked 680 Times in 562 Posts	Wouldn't that just be you deciding that the extra cost is not worth the possible increased return?