Lovely facility, right? Now go back and really look at it, scrutinize it. How much fixing needs to be done. Who pays the insurance and how much? The question of leasing the hay field. Has someone else done the haying in the past as they would normally take two thirds of the crop either as hay or in value and you'd get 1/3. It may or may not give you cheaper hay and may or may not increase your profit margin.
Insurance for horses and riders is my responsibility and the property is covered by the owner. The repairs are the owners responsibility (something that would be in the lease). The owner has done all the haying in the past. But that's definitely something that needs more discussion because I don't know the ins and outs of that part. The facility is in very good condition though, til last year was used for thoroughbreds. Good points though and definitely food for thought!
Thanks everyone I appreciate the honesty and input! Posted via Mobile Device
You have had experience to know several things: 1) what you DON'T want to deal with, and 2) what you don't mind dealing with. Utilize your position as the BM/BO to craft a boarding contract that states clearly what you provide/rules/expectations of boarders (if any), etc! Then, screen your clients and use your "gut" when accepting them into your facility. Generally, if we get an icky feeling about a potential client, the feeling is there for a reason... and we are able to tactfully decline their request to board at our facility ("we are not currently taking new boarders, but thanks for your interest!"). To avoid "co-BM drama", if you don't financially need one, don't take one on!
I really hope your past experiences drive you to succeed and reach for your goals, and that they have served as a catalyst for you in defining how your facility will be run. Surely there will be trying days where your clients may drive you bonkers, or the horses kicked down a fence board, or whatever... but if you love the situation overall, you'll manage! Best of luck in your decision making process! Keep us posted!