Meet Keagan Steyn + The Leopard 50 Deep Dive + Do I Need a Management Company?

Keagan Steyn joins Cat Chat Live for his first appearance on the show, and Wiley puts him through the paces: six years running charter catamarans in the Caribbean (Lucia 40, Leopard 50, Lagoon 620), a 200-ton Yachtmaster license earned the hard way in Cape Town, a Dive Master ticket picked up during COVID downtime, and an engagement to Olivia — the chef he talked into joining him on the boat mid-pandemic. From there, Wiley and Keegan dig into what actually makes a catamaran charter-worthy, take a full deep dive on the Leopard 50 (production history, known maintenance quirks, and what to look for on survey), tackle the recurring question of self-managing a charter boat versus hiring a yacht management company, and close out with their brokerage picks of the week. In This Episode Meet Keegan Steyn (00:00 – 10:17) Born in South Africa, raised in Virginia after his family relocated in 2001, college in Boulder, Colorado, and a family trip to the BVI that changed everything. Keegan's dad got his captain's license first; Keegan finished college while chipping away at his own licensing over summer breaks in South Africa, then moved to the Caribbean full-time. He ran a Lucia 40 (year one), a Leopard 50 (three years), and a Lagoon 620 named Huntress (two years) before joining Catamaran Central as a broker roughly two years ago. He holds a 200-ton Yachtmaster (earned in Cape Town) and a Dive Master certification (earned during the COVID charter shutdown). He also shares how his fiancée Olivia joined him on the boat in 2020 — she talked her way aboard as his chef, learned to cook professionally at Ashburton in the UK, and the two are getting married in Anegada in about two months. Between the Hulls: What Makes a Good Charter Catamaran (10:18 – 18:59) Cabin count and en-suite layout ("heads and beds") as the biggest driver of bookings — three to five guest cabins, all en suite, is the sweet spot. The conversation compares owner-operator purchases versus boats built for hired crew, why bigger boats (Lagoon 65s and up) demand more technical comfort from an owner-operator, and why crew count (two vs. three) directly affects the guest experience — especially once water sports, diving, and multiple cabins are added to the mix. Boat of the Week: The Leopard 50 (18:59 – 30:12) Production ran 2018 to roughly 2024/2025 (around 300 hulls built, replaced by the Lagoon 52), including a rare four-unit "performance" version without the flybridge lounge. Topics covered: solar capacity even with the lounge in place (up to ~3,800 watts on some boats), the 2023/24 interior veneer refresh, the shift from four-cabin to five-cabin availability late in the run, and survey/maintenance watch-items — steering cable tensioning after big swells, Empirbus digital switching quirks, and a pattern of salon window cracking on earlier hull years. Overall verdict: a simple, reliable, easy-to-maintain boat that holds up well for both charter operators and private owners. FAQ: Yacht Management Company vs. Self-Managing (30:13 – 40:59) A breakdown of the real trade-offs: third-party financial oversight and accountability, protection against a crew's lack of technical knowledge (e.g., replacing a generator that only needed a rewind), the risk of losing an entire season if self-managing crew walks off mid-charter, and how a management company's oversight can actually save an owner money versus the perceived savings of self-management. Brokerage Picks of the Week (41:00 – end) As of recording, 18 Leopard 50s are on the market, ranging from $619K (ex-Moorings) to $1.2M+. Wiley's pick: a 2023 model in Fort Lauderdale at $1.125M with a full Victron 48V electrical system, Arco Zeus alternators, and Thermodynamica air conditioning. Keegan's pick: "Southern Charm," a 2020 owner-operated Leopard 50 with nearly 2,000 watts of solar, a 1,800Ah lithium bank, washer/dryer, extra fridge/freezer capacity, and a Code Zero/bowsprit setup. Key Takeaways Charter-ready catamarans are won or lost on cabin layout and en-suite count, not just size. Boats built for hired, professional crew (three-plus crew on larger cats) tend to deliver a noticeably higher guest experience than two-person operations once diving and water sports are added. The Leopard 50 remains one of the more dependable, easy-to-maintain 50-foot cats on the market, with a small handful of known watch-items (steering cable tension, Empirbus switching, early salon windows). And while self-managing a charter boat can look cheaper on paper, the financial oversight and risk protection of a professional yacht management company often pays for itself. Questions for a future episode? Email the show or drop a comment. Subscribe on Apple Podcasts, Spotify, or YouTube to catch every new episode of Cat Chat Live.