Join Date: Jul 2008
Location: Middle Tennessee
• Horses: 0
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.