32-year-old brings in $39,000 a month renting his 2 boats to strangers—and only works 30 minutes a day
JP Mancini II brings in $38,000 of revenue per month renting his two boats out to strangers.JP Mancini II has always been attracted to luxury. He just assumed the barrier of entry was too high.
That's off only 30 minutes of work per day, spent managing bookings and making sure the boats' captains — who are hired and paid by individual renters — are maintaining his watercrafts properly, Mancini says. After four years, he was promoted to general manager, he says. During that stint, he developed a keen sense of how to craft the customer experience.
As a car guy, Mancini knew he wanted something "that held good resale value, like a Toyota or Jeep, a didn't cost an arm and a leg to run." He says he spent 300 hours researching models until he landed on the Axopar brand. In November 2021, Mancini left the car dealership — a "mutual" parting of ways, he says. Two months later, he listed his boat on Boatsetter and GetMyBoat. And in May, he bought his second boat, taking out a $150,000 personal loan to cover half of the vessel's cost.
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