Owning in retirement

On Apr 24, 2:17*pm, Ross wrote:
Robert M. Gary wrote:
On Apr 24, 7:54 am, Ross wrote:
Mike Noel wrote:

I have always been sole owner of the plane. I have been thinking about a
partnership, but then I have someone else to work with on how it is
flown, maintainence, etc. I have never been there. Not saying it is bad
as lots of folks do it. I guess a two way partnership splits everything
50-50 except the gas, oil, and reserves. *Need to look at what AOPA has
on the website.

When I did it we charged monthly dues to cover all fixed expenses and
then figured all variable expenses (repairs, not routine parts of
annual) to an hourly rate that we charged. That way the guy who flys
10hr/yr can get along with the guy who flys 100hr/yr. Everyone is
interested in keeping the maintenance top notch so there isn't much
concern there. It also helps during owner-assisted annuals because you
have more hands turning screws (something like 1000 screws to annual a
Mooney).

-Robert

Scratch Mooney as a plane to upgrade to... Actually, I used to work with
a john Mooney that was the son of the founder. He used to work at Texas
Instruments years ago.

160 knots on 10 gal/hr is hard to best though. I've thought about
upgrading to a Bonanza as my boys get larger. Two things stop me.
First, the fuel economy of the Mooney, second the Bonanza's limited
baggage loading ability. When we flew a rental Bo we could only load
the first couple bags through the door, the rest go over the back of
the seat. Mooney fixed the problem by putting the luggage door at the
top so you can load straight down like a car trunk vs. through the
side with a little door. We usually load baggage to the ceiling.

-Robert