Renting from Private owners

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Pete
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Renting from Private owners

Post by Pete »

Just throwing this out there. Im sure most have wanted to take a plane overnight from a flight school and have gotten a little flack about when it will be back, how much it will be flown etc. Then you have to have it back when you say or they get pissy (Ive been weathered in somewhere...and having a FTU piss and moan because its nice at the school). Now Im not saying all flight schools are like this, some are really nice about it, but some are complete phuck tards about it. Are there people that own planes that will rent to licensed pilots? Can they rent to people off the streets? This post was brought up a while back and someone posted a cool link about who owed/looking to rent...but it was pretty outdated.

Im not looking for a $$ break, Im looking for flexable owners. For example...if I wanted to go somewhere...and I feel like continuing on somewhere else...a booking wouldnt constrain me to bringing the plane home. Im in southern ON. Any info appreciated!
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Post by Cat Driver »

Pete:

If you have a pilot license that allows you to fly that type of aircraft all you need is the owners agreement and be on the insurance policy.

Anyone can rent or lease their rivate airplane.

Cat
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Post by Doc »

Yes. No problems renting from private owners. I've done it many times. Check with the local FBO's where you see an airplane you'd like to rent. Contact the owner..and talk to them.
A word of caution: Insurance. You may be required to be on the owner's policy. That's what I did. I cost me $35 to have my name placed on an guys insurance for his 150. Then, pick up deductable insurance from COPA, or AOPA...it's a real bargan in peace of mind.
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Bobby868
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Post by Bobby868 »

There are people who rent out their private planes.

I've talked directly with Transport on this and to my suprise it is totally legal to rent out a privately registered plane. It does not have to be commercially registered or commercially maintained.

However, the owner needs to be sure that his insurance company knows he/she is renting their plane to other pilots. And rental insurance is not cheap. last year I was looking at somewhere around $5000.00 open coverage on a cessna 150 or Cherokee 140 so anyone with a pilots licence could fly the plane.

The way to get the insurance down to a reasonable level is to specifiy by name on the insurance policy each pilot that will be flying the plane. This will reduce the cost of insurance by more half but the owner will probably be limited to the number of people he can put on his policy. Also as pilots come and go the owner will have to submit each pilots name and flight hours. And if it looks like he/she is running a full fledge rental outfit their insurance company will pull the plug or force them into the higher rates.

Also keep in mind that the grass is not always greener. With private rentals most owners want you to buy block time. This can be an issue if a) you decide you can't get along with the owner. b) the owner dies, leaves the area. c) You get a new job / leave the area d) The plane goes mechanical and the owner can't afford to fix it and he doesn't have or won't return your money.

12 years ago I got a great deal on block time in a 172 in Edmonton. I bought 10 hrs, flew two and then got a job posting in Vancouver. I called the guy up and he himd and hawd and then agreed to send me the remainder of the cash. I'm still waiting for that check to arrive in the mail.
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Pete
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Post by Pete »

Thank you everyone for responding so quickly. I never thought an FBO would give out that info to anyone...I think Ill be taking a trip to a couple different airports in the area. I just want to experience the actual freedom of flying. If I want to fly a 3 hour leg in the late afternoon, stay over somewhere a night, and have the option to go where I please the next day...thats why I got my PPL...and have never experienced it. To not feel pressured by a flight school being weathered in somewhere is another. I hate the bickering! But at times can understand where they are coming from...but they should too no?

I will definatley take the advice offered and start doing my research. Any other comments, please feel free (ie. anything else I should know before I go searching/calling around) Once again thanks guys.
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Post by Cat Driver »

" I've talked directly with Transport on this and to my suprise it is totally legal to rent out a privately registered plane. It does not have to be commercially registered or commercially maintained. "

Why, why ,why this paranoia about flying airplanes??

If you own something and want to give it away, rent it , sell it or smash it all to rat shit with a sledgehammer what if fu.k does Transport have to do with it?

Man I don't believe the paranoia in aviation about Transport Canada.

Are you guys taught to fear TC to the point you can't wipe your ass without phoning TC to get permission?


Cat
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Post by 200hr Wonder »

Actually cat there is a procedure manual posted regarded the proper ass wiping technique for an aviator and is available as a pdf from transport, it is TE1337 if you care to check it out.... jeez rookies!
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Post by Cat Driver »

Thanks 200 hour, Do they wipe their asses at TCCA, I note you said aviators so that may not apply to TC.

Just wondered because they expect people to kiss their ass in many cases just to get some simple thing done or approved.
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Post by Doc »

ROTFLMFAO!!!! As soon as TC was mentioned, I wondered how long it would be before the Cat jumped in with claws out! But, why would anyone ask for TC's blessings? On anything? If you want to do something,and you've never heard that you cant.....then..do it!
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Post by Cat Driver »

Doc, it is this paranoia of TC that amazes me.

When did this start in aviation?

Christ no matter what subject comes up someone jumps in and asks what will TC say.

Fu.k once you get your license you are free of them what is the problem?
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Post by Doc »

Well put! One of the reasons I envy Private Pilots...nothing left to prove to TC. Thanks for the licence...now bugger off!
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Post by mikegtzg »

There is actually a website set up for this. Try http://www.pilotpartner.com register and see what is available.
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Pete
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Post by Pete »

Hey :)

Yeah pilotpartner is the one I tried a while back....alot of outdated postings and no replies from owners who were looking for renters. There has to be more sites though I would think.
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Post by golden hawk »

Cat Driver wrote:Thanks 200 hour, Do they wipe their asses at TCCA, I note you said aviators so that may not apply to TC.

Just wondered because they expect people to kiss their ass in many cases just to get some simple thing done or approved.
That would be covered by C.A.R.S. (Canadian Anus & Rectal Servicing)


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Post by mcrit »

There is a fellow that sells block time on a 150 in the NW GTA
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Post by Bede »

If you want owner information you can alway throw the name into TC's (sorry) Aircraft register.
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Post by Luscombe »

Getting back to the question of renting...

I too was pretty pi$$ed off with FTU's overly-protective, restrictive and outright paranoid policies regarding taking a plane away from the field especially overnight. Although it wasn't the only reason, but it was certainly the proverbial "icing on the cake" that made me decide to go it on my own.

I found very few people who wanted to lend/rent their baby to someone they didn't know. I ended up going to see the bank and buying. Everyone thought I was crazy (especially my wife) but it ended up being the second best decision in my life (the first was saying "I do").

It sure is nice taking the plane away on long trips (summer vacation, camping under the wing) and the ability to take it into private grass strips whenever I want to. There are some clubs that only permit their planes to be flown to specific airports only, and none of these are grass strips. This has been some of the most memorable flying I've ever done.

My 2 cents worth is if you can financially swing it, buy or partner rather than rent.

Cheers
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Post by Pete »

Thanks for the info Luscombe. I have no idea what the costs are of owning an aircraft...say a pa-28 or a 150/72. But I think at 15/hr (fortunatley I still have no expenses haha) I dont think Ill be able to afford an aircraft anytime soon :lol:

What is the overall cost of owning...or even leasing a plane...say an average cost? I know it varies, Im asking for shits and giggles...I always thought only Docters and Lawyers could afford them. Meh.
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Post by Luscombe »

That's a popular misconception that only doctors and lawyers could possibly own an aircraft.

I'm an unemployed CanJet pilot, and even I can do it.

The secret is to buy smart. You need to think of the airplane as simply a device to accomplish a task, much like a tool. First, you should decide what kind of flying you want to do. Everything is a compromise as there isn't an airplane out there that can do aerobatics, fly fast, pressurized AND is economical to operate.

If what you want is a fast cross-country machine, narrow down your choices to things like Mooneys and Barons....but lots of $$$$

If what you want is to do aerobatics, look at Citabrias, 150 Aerobats, Pitts... once again lots of $$$

If you want a cheap timebuilder, I would look at 150's, Taylorcraft, Luscombe, Champ etc...

Option 3 is really not all that expensive as long as you do it wisely. PM me for any questions you might have.

Cheers
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Post by Jungle Jim »

I agree with Luscombe on this one. I was in the same situation and found that if you shop right, you can get a real nice affordable plane that will suit your needs. In my case ,I got a Stinson 108-3 that is nice to fly, keeps my skills up, is cheap to run and maintain and always draws a crowd at the airports I visit.

Jim
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Post by Bobby868 »

I own. And I disagree that owning is cheaper than renting. Unless you are going to fly 100hrs+ a year.

People often think that flight schools are ripping them off but it only takes a little maintenance troubles and you begin to see where the money goes.

I rented my plane out to a fellow last years. He bought 50hrs off of me. He lightly commented about all the money I was making off of him. even I thought I might be making some cash. I took in about $5000.00 for that time. the annual was close to $10,000.00 so in the long run, even after that rental bit, I still spent alot of cash on that plane over and above the intial purchase price.

If anyone that tells you, you can save money owning a plane rather than renting has either never owned a plane or is trying to sell you one.

Just my 2cents
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Post by Doc »

You can buy a pretty nice 150 for the price of a decked out Harley! And you still get an air cooled engine, two seats...but they toss in a windshield and wings!
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Post by C-150Pilot »

Is this possible with a recreational license also? Iheard that it is impossible to get on the insurance policy...
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Post by Cat Driver »

" the annual was close to $10,000.00 so in the long run, even after that rental bit, I still spent alot of cash on that plane over and above the intial purchase price. "

If you paid $10,000 for an annual there sure as hell was more than an annual done.

Obviously the airplane has maintenance issues, what did you have to get fixed?
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Post by dangerous »

C-150Pilot wrote:Is this possible with a recreational license also? Iheard that it is impossible to get on the insurance policy...
You don't even have to be a pilot to own an airplane.
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