iYachtClub - Poor Owner Program Experience
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I entered my catamaran yacht into a program with iYachtClub, run by Derek Huntsinger, but experienced questionable business practices.
I am also sharing from the yacht ownership perspective having put up my catamaran into the iYachtClub yacht management program.
When deciding, Derek forecasted profitable returns, and sent example of similar boats with cashflow, but after using my yacht for six months the reality became losing thousands of dollars.
Now, I am the 5th person I know of that has remarked on Derek Huntsingers questionable business practices. My advice is to be very careful, and probably like one person told me who did business with Derek Huntsinger years ago, RUN.
User's recommendation: Only sign an agreement with this company if you seek disappointment.
Location: Nashville, Tennessee
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Comments
Agreed. We had a terrible experience as owners in their charter management program.
We left after Derek screwed us over repeatedly. We too were very disappointed.