Horse Barn and Pasture - The Horse Forum
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post #1 of 13 Old 05-06-2016, 07:50 AM Thread Starter
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Horse Barn and Pasture

I just recently bought some property. It has a really nice barn and pasture ground and would be great for horses. As I don't own and have never owned horses I am interested in leasing the barn and pasture.


It has 4 stalls, a tack room, loft storage for hay and feed, a functioning bathroom, a 50' by 60' 'training pen', and 1.5 acres of pasture out front. If desired there is an additional 6 stalls in the back of the barn, a 'dry lot', and another 5 acres of pasture.


What would a fair rate be for a lease? What other implications are there for leasing this property?


Thanks!
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post #2 of 13 Old 05-06-2016, 08:34 AM
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Location, location, location. It is kind of small for a professional trainers barn.
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post #3 of 13 Old 05-06-2016, 12:57 PM
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1. Your state and the area within that state, would help determine cost.

Agree it is too small for a big training facility but an individual with horses would love to lease something like that.

To make it affordable for the typical middle class working person, you would have to ask a flat rate for the entire horse area.

You would have to be sure the person leasing from you wouldn't try to sub-lease a couple stalls, possibly causing you all kinds of grief with people coming/going at all hours of the day and night:(

2. You need to check with your homeowners insurance agent regarding liability. Personally, I would have an additional million dollar liability policy to cover my butt. They aren't expensive.

2.1. I would also inquire if it would be in my best interest to make the property LLC as another safety measure.

You will have to be careful who you would lease to. They could be the best care givers in the world or trash the place so bad, it may not be able to be repaired.

Good luck with a great idea, if you can find the right person:)

A Good Horseman Doesn't Have To Tell Anyone; The Horse Already Knows.

I CAN'T ride 'em n slide 'em. I HAVE to lead 'em n feed 'em Thnx cowchick77.
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post #4 of 13 Old 05-06-2016, 01:00 PM
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Greentree is right, this would not be a suitable place for a professional trainer but you might find someone with multiple horses to lease it from you. And she's also right about location!!

Last weekend I went to an auction selling a 32 acre horse property with a brick 3 bedroom house, garage plus a very large, incredible 24 stall horse barn. The barn had a huge indoor arena attached, full bathroom and wash rack with heated water, an office, 4 different wood paneled rooms for tack, feed ect and a tiled entry way with a huge crystal chandelier hanging in it. Pastures everywhere each with run in sheds and a nice large outdoor. If it had been within 10-20 minutes from a large city it would have been worth 1.2 million plus but in our rural community it sold for only $319,000 !

Leasing prices run the same way real estate prices do but on the other hand, if you are in a high end area you may have problems finding a person who wants to do full care. People with the money usually go to full care stables and all they have to do is show up and ride. See if you can find out what stables around you are charging for what services and you can calculate from there.
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post #5 of 13 Old 05-06-2016, 09:05 PM
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As others have said it depends on the going rates for your area.

Look online to see if other people are renting out land for horses and what they charge, or call up some horse agistment places and inquire about their care rates per horse, and then work out how much people will be paying for four horses. That will give you an basic idea of the price range you are looking for.

Other things worth considering is if you are going to be responsible for weeding, fence repair, electricity, water etc and factoring these costs into it.
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post #6 of 13 Old 05-09-2016, 07:49 AM Thread Starter
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I have had some interest. It is a person who wants to house 6 horses. Some gypsy and some drum. They said $300 for monthly rent without utilities. That sounds very cheap to me. Any thoughts? I was thinking $100-$150 per stall. I am in central Indiana.
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post #7 of 13 Old 05-09-2016, 08:00 AM
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It depends on if you are going to care for the horses or if they are. I'm assuming they will be, in which case you won't get as much. Also, by central Indiana, is it rural, or close to Indianapolis?
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post #8 of 13 Old 05-09-2016, 08:04 AM Thread Starter
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I'll be honest and admit I don't know how to care for a horse. It is about 20 miles from Indianapolis.
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post #9 of 13 Old 05-09-2016, 09:23 AM
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They are a bit crazy. Are THEY going to be responsible for ALL maintenance and repairs? Because calling a repair person almost every Sunday is going to eat up $300 in a hurry.

Do they know anything about pasture management? Six horses are going to need to be intensively managed to keep your small acreage from turning into a mud/dust pit.

I would also be willing to bet that six horses multiply.....

Good luck!
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post #10 of 13 Old 05-09-2016, 12:50 PM
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What Greentree said.

Your kindness and heart are in the right place.

Not so, the people with the six horses.
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A Good Horseman Doesn't Have To Tell Anyone; The Horse Already Knows.

I CAN'T ride 'em n slide 'em. I HAVE to lead 'em n feed 'em Thnx cowchick77.
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