See any problems here?

Someone wants a place to store a 26 ft boat. He will pay $200.00 a month. What do you think? I have the space. Stan

Insurance?

Rodent free?

I dont see a problem as we stored boats and a couple cars in Dad's buildings when his farming was over. Never had a problem and rents were probably comparable to your rent. We wished we had more barns. I owned a carriage house that had 4 garages underneath and a larger bay in back. Kept them full for years with never a problem.

If he's a good guy and you know him -- no problem.
If you don't know him he could be a nit-picking, ''you damaged my boat'' kind of guy -- look out.

ship shape with some value , no problem, if in poor shape no way, disposing at the landfill will cost you much more

The place where I store my trucks for the winter charges by the ft. The contract they have you sign states that the owner is responsible for their own insurance. It also plainly states that "the facility is not responsible for any damage to any item for any reason."

What if you have a grass fire?

What are the boat owners expectations for coming and going? Big difference between wanting to come and go every weekend, and long term storage. Who is going to open up and lock up the building? Will his boat be in the way of any of your equipment or vice versa? Having that all figured out up front would help.

Insurance, rodents, and actually getting paid would be my 3 concerns.
AaronSEIA

What does the boat look like? Do the boat and trailer have current registration? If it looks decent enough, I'd go for it. But if it's a junker, fuhgetabouit; you'll find yourself with an abandoned boat that will cost you money to dispose of.

Most storage lots require tenants to sign lengthy contracts. You don't need a lawyer to write up a contract, but at least have him sign something that says you're not responsible for anything that might happen to his boat. Also, I would ask for a copy of his driver's license, current registration for boat and trailer (that matches his DL), as well as proof of insurance on the boat.

Might check the going rate for storage.

He may be under bidding.

That would be a question for your code enforcement officer if you have one. I while back you were complaining about a neighbors RV(?), are you trying to get even?

I am paying way less than that - $250 for the entire winter for a 19' boat. Sounds like a pretty good deal for you. Lady I store with asked for the money for the season when I put the boat in two falls ago. She was not home this fall when I put it up, so will pay her in the spring.

Tim

If you don't need the money, tell him NO.
Too many things could happen.
I store a truck for a good friend.
No charge.
When he is here, he works hard helping me with whatever I am doing on the place.

I get $12 per ft for outside storage on a trailer for 6 months at my boatyard

Before you decide anything, read Mark's advice again ..... here it is ..... 'I would ask for a copy of his driver's license, current registration for boat and trailer (that matches his DL), as well as proof of insurance on the boat'. Maybe someone else 'owns' the boat, who knows?

I don't know. I think I'd have to think about that myself.

On the up side, $200 a month sounds like pretty descent money for some un-used space.

My concerns would be, is this year round, or through the winter season only? I wouldn't want to be bothered with digging this thing out of the back corner (if that's where it has to be) of my building every Friday, and putting it back every Monday throughout the summer. One time in, and one time out (for a whole season) wouldn't be so bad. But if during the boating season, they'll want to use thier boat on the weekends you don't want to be bothered with it, is how that'll work out if storing this thing in a back corner.

Another concern would be, this is a boat. And the two happiest days for a boat owner is the day they buy it, and the day they sell it. So what if they lose interest in this boat while it is in your shed? Stop paying the rent? Fail to come to retrieve it because of the back rent? Then your stuck with a boat in your shed that your not collecting rent on. You better have a contract for them to sign. And it better address this issue. Along with a specified time frame, what happens if rent is not paid, who is liable for any damage while in storage.

Friend of mine had to have a speed boat during his short lived (only months) marriage. He was awarded the boat in the divorce. Put it in the back corner of his own shed where it just sat for 15 plus years without even seeing the light of day (or water). To many boat stories end this way. Without rent even being involved or a factor.

(quoted from post at 05:36:13 01/17/23) Might check the going rate for storage.

He may be under bidding.

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Of course he's under bidding. If he were willing to pay the going rate, he'd just store it at one of the usual storage facilities.

Before I filled my barn with my own stuff, a friend of mine would pay me $700 up front to store his pickup truck in there. If you could arrange the deal like that...

I am starting to rent storage space out on the farm. the 2 car garage i got lucky and have a good renter. very timely on the rent and is a neat freak. comes out every couple weeks to dust the cars off

the machine shed has a couple prospects. i'm limited by the dirt floor and only a 9-1/2ft tall door. (14 wide). but lots of space and i'm only asking $325. if it was a concrete floor i'd ask more like $500/month.

I don't let any storage outside. don't want me or others to have to look at it. I had someone ask about behind the barn which is an option but its not mowed much and a bit wet so not good more parking anything of value.

Either way you need a contract. I found a decent generic storage one and have modified it a bit (with names/property description ect). One of the deals in it is I have NO responsibility for your stuff so you should (recommend) carry your own insurance either renters or comprehensive on a car. also a liability waver and limit times of access and lien if they don't pay, no storing trash or illegal stuff, you cannot live in the garage, late charges ect ect . is it fool proof?? possibly not depending on what kind of attorney they other party may get. but you need something.

good luck