- 1. [Shop-talk] Renting garage space (score: 1)
- Author: PJ McGarvey <pj_mcgarvey@hotmail.com>
- Date: Thu, 9 May 2013 10:22:30 -0400 FILETIME=[A3AAE1C0:01CE4CC0]
- Toying with the idea of *considering* bidding on a house with an amazing garage... rest of the house is great too, just has some other issues and the price is a bit high... So to explore way how I mi
- /html/shop-talk/2013-05/msg00033.html (10,124 bytes)
- 2. Re: [Shop-talk] Renting garage space (score: 1)
- Author: Scott <scott.hall.personal@gmail.com>
- Date: Thu, 09 May 2013 10:46:09 -0400
- Man, there is NO way I'm letting you keep your car in my garage, whether you pay me for that or not. At least not without enough insurance to ballast a small aircraft carrier. And maybe not even then
- /html/shop-talk/2013-05/msg00034.html (11,156 bytes)
- 3. Re: [Shop-talk] Renting garage space (score: 1)
- Author: Paul Parkanzky <parkanzky@gmail.com>
- Date: Thu, 9 May 2013 11:08:55 -0400
- There is an organization near Ann Arbor called the "Ypsi Yacht Club" that operates as a community garage. They have a couple of warehouses linked together and rent storage and work bays to members. T
- /html/shop-talk/2013-05/msg00035.html (12,346 bytes)
- 4. Re: [Shop-talk] Renting garage space (score: 1)
- Author: "Matt" <mbarre@juno.com>
- Date: Thu, 9 May 2013 15:33:13 GMT
- I am a landlord, but not just garage space.As has already been mentioned, I think the critical issue will be insurance - specifically liability. Interesting concept though. Finding the right person w
- /html/shop-talk/2013-05/msg00036.html (10,399 bytes)
- 5. Re: [Shop-talk] Renting garage space (score: 1)
- Author: eric@megageek.com
- Date: Thu, 9 May 2013 11:33:24 -0400 7.0.1|January 17, 2006) at 05/09/2013 11:33:28, Serialize complete at 05/09/2013 11:33:28
- PJ, I let me throw in my findings on renting space. First, INSURANCE!!!! Make sure you can get the appropriate coverage. Not just for the contents, but for a person on your property that injures them
- /html/shop-talk/2013-05/msg00037.html (10,299 bytes)
- 6. Re: [Shop-talk] Renting garage space (score: 1)
- Author: eric@megageek.com
- Date: Thu, 9 May 2013 11:33:24 -0400 7.0.1|January 17, 2006) at 05/09/2013 11:33:28, Serialize complete at 05/09/2013 11:33:28
- Scott writes.... PJ, this reminds me of one other thing to consider. Years ago, a barn that was housing over 30 classic cars caught fire. They all burned to the ground. Cause of the fire was one owne
- /html/shop-talk/2013-05/msg00038.html (9,593 bytes)
- 7. Re: [Shop-talk] Renting garage space (score: 1)
- Author: Jeff Scarbrough <fishplate@gmail.com>
- Date: Thu, 9 May 2013 11:58:08 -0400
- Others have pointed out all the traps to which you expose yourself if you rent out the space. Better to offer what you think is a fair price that you can afford, then afterwards you can invite people
- /html/shop-talk/2013-05/msg00039.html (9,778 bytes)
- 8. Re: [Shop-talk] Renting garage space (score: 1)
- Author: Jim Franklin <jamesf@groupwbench.org>
- Date: Thu, 09 May 2013 09:55:28 -0700
- In today's litigious society, the only way I would do this is to form an LLC or S-corp and have that entity run the rental business, and possibly own/lease the property. I would for sure consult with
- /html/shop-talk/2013-05/msg00040.html (9,657 bytes)
- 9. Re: [Shop-talk] Renting garage space (score: 1)
- Author: PJ McGarvey <pj_mcgarvey@hotmail.com>
- Date: Thu, 9 May 2013 15:14:17 -0400
- Some good ideas in there, thanks. Obviously liability is a big issue, and even if covered it's one that could easily outweigh the income earned. Not to mention the pain in the ass renter you may end
- /html/shop-talk/2013-05/msg00044.html (10,110 bytes)
- 10. Re: [Shop-talk] Renting garage space (score: 1)
- Author: Brian Kemp <bk13@earthlink.net>
- Date: Thu, 09 May 2013 15:46:25 -0700
- Talk to your insurance company and if you are in a city of some sort, also talk to them. My city does not allow rental of any part of your property in the residential area (other than the full proper
- /html/shop-talk/2013-05/msg00045.html (12,617 bytes)
- 11. Re: [Shop-talk] Renting garage space (score: 1)
- Author: steve hochschild <shochschild@att.net>
- Date: Thu, 09 May 2013 17:50:42 -0500
- Don't rent it to a car guy, rent it to a glass artist, or a painter, or as a yoga studio, or even as rehearsal space... Far fewer risks and potential for conflicts that way. I have learned never to r
- /html/shop-talk/2013-05/msg00046.html (11,507 bytes)
- 12. Re: [Shop-talk] Renting garage space (score: 1)
- Author: Wayne <wmc_st@xxiii.com>
- Date: Thu, 09 May 2013 19:11:50 -0400
- Wow, I would NOT even go there. Maybe if it was rented to a friend, *JUST* for storage. Letting a stranger share space can turn into a nightmare quickly. My Dad & I built a 3 car garage / shop behind
- /html/shop-talk/2013-05/msg00047.html (10,922 bytes)
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