Friday, July 23, 2010

Boat Ownership- In the end, it's about getting out on our Lakefront!



Our city's greatest assett (our skyline) is best viewed from the water.  But then again, we might be a bit biased.  Enjoy.

For More Information Ask Karma Yacht Sales by email  or call 1-877-KARMA-Y-S (527-6297)
Bookmark and Share

Thursday, July 22, 2010

Monday, July 19, 2010

Pro's and Con's to Boat Partnerships

Boat co-ownership: sharing the costs, but waves over money, cleaning and guests



Lou Sandoval, right, of Karma Yacht Sales in Chicago, has been in four boat-owning partnerships. "I tell people to have a down-to-earth conversation about how the boat will be used and who will use it more," he says. Jason Veatch is at left. Photo: Stephen J. Serio


From Crain's Chicago Business


By Shia Kapos

July 19, 2010

When Jon Mossberger's boat needed $5,000 in repairs, he was thankful he co-owns it with seven fraternity buddies, reducing his share of the expense to $625.

He was less happy to hear that the steering mechanism in the $70,000 boat had been damaged because of a co-owner's lack of experience using it.

"That was frustrating," he says.

Mr. Mossberger, 31, shares a 2002 Chaparral 280 Signature and goes out on Lake Michigan with his friends nearly every weekend.

"The best part about owning a boat like this is that it allows us to stay in touch. As you get older, it's harder to do that," he says. Still, he acknowledges, "there are some challenges."

New boaters or die-hards pinched by the economy are the most likely to share ownership of a boat. Once they can afford it, though, most leave the communal life behind quickly.

They say goodbye to disagreements about the cost of repairs, whether to add upgrades such as air-conditioning and who they can bring onboard as a guest.

Mr. Mossberger, owner of Stretch bar in Wrigleyville, says his group abides by written rules "to make sure it's not awkward. It's all on paper. There's no gray area."

Owners must text everyone when they want to use the boat. Any of the co-owners can join the person initiating the trip. The boat leaves at about 2 p.m. You can bring any number of girls but only one guy.

When issues arise, they turn to the contract. "We don't get mad," Mr. Mossberger says.

You can't, says Lou Sandoval, owner of Karma Yacht Sales in Chicago, or you may as well end the partnership.

"I tell people to have a down-to-earth conversation about how the boat will be used and who will use it more, and you have to have a sunset on the agreement that allows you to exit gracefully," Mr. Sandoval says. A legal document should allow co-owners to revisit their partnership at a certain time, allowing a chance to continue or buy a partner out. Now on his fourth partnership, he says such agreements made his previous splits amicable when co-owners wanted out after having children.

"You see (partnerships) go wrong when they aren't aligned in the goals of the use of the boat. One guy wants to spend a lot on high-tech equipment to re-outfit the boat and the other owner might say, 'What's with the bells and whistles? Can't we use last year's sails?' " Mr. Sandoval says.

Bob Zeman, 71, founder of Chicago-based Norwood Paper Inc., is in the sixth year of what was supposed to be a two-year partnership with Gene McCarthy, 82. They disagree often, about how frequently to race the boat or when to buy new sails: "If we were all exactly like one another, it would be dull," Mr. McCarthy says. But the two men respect each other's sailing and this week will embark on the Race to Mackinac with their 69-foot sailboat.

They have not made the partnership legal: "I come from an era where a handshake and a word are good enough," Mr. Zeman says.

Dirk Lohan, a co-founder of Lohan Anderson architects in Chicago, equates boating partnerships with marriage.

"Two people come together, and they have different personalities and different priorities," says Mr. Lohan, 70, now the sole owner of a 55-foot custom-designed boat.

A few decades ago, he shared ownership of a smaller boat. "I'm a cleaning freak, and I saw things that should have been done that weren't done. Food was left in the pots and was mildewing," he says. "I pointed it out, and it got solved amicably, but I decided if I can, I'm going to own my boat free and clear by myself — which has its own shortcomings, because you have more work to do."

But partnerships still exert a pull. It makes sense to share the costs and labor, given the time and money involved for a short boating season.

SHRUGGING IT OFF

Len Goodman, a criminal defense attorney, was ready to sell his 19-foot motorboat when friend Martin Herman, a neurosurgeon at Advocate Lutheran General Hospital in Park Ridge, talked him into keeping it, proposing a partnership in which Dr. Herman takes care of the maintenance and storage.

Also next-door neighbors in Lincoln Park, they say they're both easygoing and neither demands frequent use of the boat.

"We don't clash. I really only like to water-ski, and the weather has to be perfect for that, which isn't very often," Mr. Goodman says.

He had just returned from one of those perfect mornings, despite having arrived at the boat to find no life jackets left aboard.

"We had to use those flotation devices; I'm sure we were violating some sort of safety rule," he says. "You can't let things like that bother you."
Len Goodman, left, was about to sell his boat, now in Diversey Harbor, when friend Martin Herman talked him into a partnership deal, offering to store and maintain it. Photo: Lisa Predko

The biggest challenge to their co-ownership came a few years ago when Dr. Herman married and had children, making it more difficult to coordinate use of the boat, Mr. Goodman says. He credits having a small boat (19 feet) with keeping disagreements to a minimum, with lower costs and no large parties onboard.

That's the very reason Michael Wolf, 41, has two boats: a 34-footer of his own, which he sails out of Monroe Harbor, and a 9-foot dinghy that his family shares with another in Evanston, to introduce their combined five kids to the water.

Mr. Wolf, a partner at Jenner & Block LLP, says the low cost — the dinghy was $3,000 — makes the situation less fraught.

"It's our first season together, but we've known the family for a while," Mr. Wolf says. "If any concerns pop up, it will be about maintenance or upkeep. Those are simpler to solve for a small boat. For a big boat, that's where you get into trouble; I couldn't imagine doing that unless you had complete alignment."

There are three kinds of boating partnerships in Chicago's nine harbors.

Sociable co-owners boat together. Like Mr. Mossberger and his pals, they tend to be younger, single and able to head out to the water at a moment's notice. You're just as likely to find them hanging out in Diversey Harbor with a case of beer as on the water.

There are the co-owners at the Chicago Yacht Club at Monroe Harbor who sail together during regatta season.

And there are those who share ownership but seldom see each other, boating for leisure with their own close friends and family. These relationships are most ripe for tension, as co-owners are less bonded to each other.

THE PRICE OF PARTNERSHIP

For Gene Mackin, the challenge of shared ownership was figuring out the value of labor vs. money.

"Some of us had money, and some had time. The people who had the money thought they had a greater stake, but some put in a lot of time. How do you value five hours at the boat yard vs. $250?" says Mr. Mackin, 71.

He owned his first boat with four partners; "Holiday" was a 40-footer with a 12-foot beam and 6-foot draft, bought for $15,000. But that was four or five boats ago, back in the 1960s.

' The people who had the money thought they had a greater stake, but some put in a lot of time. How do you value five hours . . . vs. $250?'

— Boat owner Gene MackinToday, he outsources the labor on his boat to Bob Remsing's SailTime Chicago, part of a worldwide network of fractional boat ownerships. The local office operates in Burnham and Winthrop harbors, overseeing upkeep and storage and offering an online scheduling system.

Mr. Remsing says a good number of his clients came from boating partnerships gone bad.

"There's always someone who wants it cleaner," he says. There are disagreements about handling the boat on the water, getting the boat ready for the season and repairing it. Not to mention scheduling.

"What if you both want to take it out to watch the fireworks for the Fourth of July?" Mr. Remsing says.

Willie Wagner, 47, the owner of Honky Tonk BBQ in Chicago's Pilsen neighborhood, has owned his 44-foot boat with a number of partners over the past 20 years. Right now, there are four. He's seen tempers flare over cleanliness ("It's a bunch of guys, so it's always been a little bit of a frat house," he says); contributing to spring upkeep ("If you have someone who is like, 'All I do is drive the boat,' that's a problem") and money.

"What if one guy can't come up with the money by Feb. 15, when payments are due at the harbors? Then the other three have to make it up by a certain date," he says. "That's been the biggest beef."

He's not sure he could handle it without a lifetime of preparation.

"If you're going to be a partner in a boat, you shouldn't be an only child; you have to know how to share," he says. "I'm one of 11 kids."

©2010 by Crain Communications Inc.


For More Information Ask Karma Yacht Sales by email  or call 1-877-KARMA-Y-S (527-6297)
Bookmark and Share

Tuesday, July 13, 2010

First 30 On-The- Water Trials Video


2 FIRST TOGETHER from Team First 30 on Vimeo.

Video Footage of the Team First 30 Trials in France. Fast Seahorses!


For More Information Ask Karma Yacht Sales by email  or call 1-877-KARMA-Y-S (527-6297)
Bookmark and Share

Thursday, July 8, 2010

There is a FIRST Time for Everything...



Amidst the hot weather of July, we spent a recent night with New Owners Jason and Les Veatch talking sailing with WGN-TV's Marcus Leshock. Jason has been a crew member aboard a First 36.7 -Karma for the past four seasons. It has been a pleasure seeing him develop as a sailor and taking on new positions on the boat.

This past off season he decided to launch head on into boat ownership and buy his own boat which he has christened 'Veni Vidi Veatchy' a play on the famous declaration by Julius Ceasar in the war at Pontus in ~47B.C and his last name. He has also taken on the nautical life in full force by joining the Chicago Yacht Club as an Associate member. It represents a new phase of Jason's life as he becomes a boat owner at the age of 25 and teaches the sport to his father Les. We are sure there will be many quality memories aboard their new Beneteau and are glad to be a part of it.

Jason will be doing his first Race to Mackinac in two weeks so you can be sure he will have many stories to tell when he gets back.

This past Tuesday, he officially christened his boat compliments of Veuve Clicquot Champagne- Presenting sponsors of the 102nd Chicaco Yacht Club Race to Mackinac at the docks of Chicago Yacht Club.

Congratulations Jason and Les- Fair winds from your friends at Karma Yacht Sales.





For More Information Ask Karma Yacht Sales by email  or call 1-877-KARMA-Y-S (527-6297)
Bookmark and Share

Wednesday, July 7, 2010

Something to think about with the Warm Weather


With the Thermometer consistently in the 90 degree range with just as much humidity, one can't help but to think of the cool waters just off our lakefront.

The enclosed article breaks some commonly held myths about what a drowning victim acts like.  It can happen to everyone especially since the cool inviting waters of Lake Michigan can mean overexertion that could lead to cramping or just plain getting in to waters too deep for our swimming abilities.  For those of us that are parents- the concern is double.   Hopefully, you'll pick up something from this piece- I know we all did.
---------------


Drowning doesn't look like Drowning..


The new captain jumped from the cockpit, fully dressed, and sprinted through the water. A former lifeguard, he kept his eyes on his victim as he headed straight for the owners who were swimming between their anchored sportfisher and the beach. “I think he thinks you’re drowning,” the husband said to his wife. They had been splashing each other and she had screamed but now they were just standing, neck-deep on the sand bar. “We’re fine, what is he doing?” she asked, a little annoyed. “We’re fine!” the husband yelled, waving him off, but his captain kept swimming hard. ”Move!” he barked as he sprinted between the stunned owners. Directly behind them, not ten feet away, their nine-year-old daughter was drowning. Safely above the surface in the arms of the captain, she burst into tears, “Daddy!”

How did this captain know, from fifty feet away, what the father couldn’t recognize from just ten? Drowning is not the violent, splashing, call for help that most people expect. The captain was trained to recognize drowning by experts and years of experience. The father, on the other hand, had learned what drowning looks like by watching television. If you spend time on or near the water (hint: that’s all of us) then you should make sure that you and your crew knows what to look for whenever people enter the water. Until she cried a tearful, “Daddy,” she hadn’t made a sound. As a former Coast Guard rescue swimmer, I wasn’t surprised at all by this story. Drowning is almost always a deceptively quiet event. The waving, splashing, and yelling that dramatic conditioning (television) prepares us to look for, is rarely seen in real life.

The Instinctive Drowning Response – so named by Francesco A. Pia, Ph.D., is what people do to avoid actual or perceived suffocation in the water. And it does not look like most people expect. There is very little splashing, no waving, and no yelling or calls for help of any kind. To get an idea of just how quiet and undramatic from the surface drowning can be, consider this: It is the number two cause of accidental death in children, age 15 and under (just behind vehicle accidents) – of the approximately 750 children who will drown next year, about 375 of them will do so within 25 yards of a parent or other adult. In ten percent of those drownings, the adult will actually watch them do it, having no idea it is happening (source: CDC). Drowning does not look like drowning – Dr. Pia, in an article in the Coast Guard’s On Scene Magazine, described the instinctive drowning response like this:

1.Except in rare circumstances, drowning people are physiologically unable to call out for help. Th e respiratory system was designed for breathing. Speech is the secondary or overlaid function. Breathing must be fulfilled, before speech occurs.

2.Drowning people’s mouths alternately sink below and reappear above the surface of the water. The mouths of drowning people are not above the surface of the water long enough for them to exhale, inhale, and call out for help. When the drowning people’s mouths are above the surface, they exhale and inhale quickly as their mouths start to sink below the surface of the water.

3.Drowning people cannot wave for help. Nature instinctively forces them to extend their arms laterally and press down on the water’s surface. Pressing down on the surface of the water, permits drowning people to leverage their bodies so they can lift their mouths out of the water to breathe.

4.Throughout the Instinctive Drowning Response, drowning people cannot voluntarily control their arm movements. Physiologically, drowning people who are struggling on the surface of the water cannot stop drowning and perform voluntary movements such as waving for help, moving toward a rescuer, or reaching out for a piece of rescue equipment.

5.From beginning to end of the Instinctive Drowning Response people’s bodies remain upright in the water, with no evidence of a supporting kick. Unless rescued by a trained lifeguard, these drowning people can only struggle on the surface of the water from 20 to 60 seconds before submersion occurs.


This doesn’t mean that a person that is yelling for help and thrashing isn’t in real trouble – they are experience aquatic distress. Not always present before the instinctive drowning response, aquatic distress doesn’t last long – but unlike true drowning, these victims can still assist in there own rescue. They can grab lifelines, throw rings, etc.

Look for these other signs of drowning when persons are n the water:

•Head low in the water, mouth at water level
•Head tilted back with mouth open
•Eyes glassy and empty, unable to focus
•Eyes closed
•Hair over forehead or eyes
•Not using legs – Vertical
•Hyperventilating or gasping
•Trying to swim in a particular direction but not making headway
•Trying to roll over on the back
•Ladder climb, rarely out of the water.

So if a crew member falls overboard and every looks O.K. – don’t be too sure. Sometimes the most common indication that someone is drowning is that they don’t look like they’re drowning. They may just look like they are treading water and looking up at the deck. One way to be sure? Ask them: “Are you alright?” If they can answer at all – they probably are. If they return a blank stare – you may have less than 30 seconds to get to them. And parents: children playing in the water make noise. When they get quiet, you get to them and find out why.

If you have any questions at all – please post them in the gCaptain forums under “maritime safety”

disclaimer: The views and opinions expressed by the author are not necessarily those of the Department of Homeland Security or the U.S. Coast Guard.




For More Information Ask Karma Yacht Sales by email  or call 1-877-KARMA-Y-S (527-6297)
Bookmark and Share

Friday, July 2, 2010

Wishing You a SAFE and Happy Fourth of July Holiday!



July 2, 2010

To say that this weekend is one of the busiest on Chicago's waterfront is a huge understatement.  As many of us may know, The City of Chicago's Fireworks have been scheduled for July 4th at three different locations (see below).  This is a departure and a bit of an adjustment for those that have grown accustomed to the July 3rd megafestival that occurs simultaneously with the Taste of Chicago brings thousands upon thousands of people down to experience one of our City's best assetts our lakefront. 

It also positions the marine community in the middle of an increased amount of boat traffic and many of the issues that come along with that. 

So as your Lake Michigan Sailboat Dealer for Beneteau- we'd like to remind everyone to be safe out on the lake this weekend.  Mind your rules of the waterway and practice safe boating.  Be mindful of others and don't take risky chances you might regret. 

Most of all - have fun with your friends and family celebrating our great Nation's Birthday.

Happy and Safe Fourth of July!


Our Business hours in Observation of the Independance Day Holiday are as follows:

Friday July 2nd  8:30am to 12:00noon
Saturday July 3rd- Monday July5th Closed 


Fireworks 3 way Simultaneous Schedule for Chicago Lakefront Fireworks
  • Downtown, at Navy Pier.
  •  North Side lakefront (with prime viewing from Foster to Montrose).
  •  South Side lakefront (with prime viewing from 63rd Street to Promontory Point).
The simultaneous shows will begin at 9 p.m. A specially choreographed soundtrack of American themed and patriotic songs will be broadcast live on WTMX-FM (101.9, The Mix.)

WGN-TV (Channel 9) will show the festivities during a one-hour special, “Chicago’s Summer Blast,” beginning at 8:30 p.m.



For More Information Ask Karma Yacht Sales by email  or call 1-877-KARMA-Y-S (527-6297)
Bookmark and Share