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 rent to another artist in the same medium...
On 5/9/2013 2:14 PM, PJ McGarvey wrote:
> 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 up with.
> One thing I learned from renting a house, was that it might be a good idea to
> check first to see if the renter has a Daddy who is a lawyer.. BIG no no.
> Escort them out immediately. They will pull that card whenever possible.
>
> Makes we wonder what kind of *standard* home insurance policy this building
> would carry anyway...
> Darn expensive hobbies.
>
> -PJ
>> Date: Thu, 9 May 2013 09:55:28 -0700
>> From: jamesf@groupwbench.org
>> To: shop-talk@autox.team.net
>> Subject: Re: [Shop-talk] Renting garage space
>> 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 an attorney
>> beforehand. If someone gets hurt on your property, you can lose it just
>> in lawyer fees alone from a lawsuit.
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