need fair price opinions on space rental

[Sam_Fear]

I'll be moving and plan to rent my current garage. Have no idea what's fair to both of us. 24x24 uninsulated unheated garage with 220v and electricity paid. Access to garden hose if needed.

Insurance will be dealt with seperately.

I should add that the price will come out of what I rent the house for. So it really isn't a question of how much can I make off it, it's what will be fair split of rent between the two.

 

[Sam_Fear]

No surprise, no responses... so how about this.

75$ a month sound reasonable to anyone?

 

[Bamamav]

No surprise, no responses... so how about this.

75$ a month sound reasonable to anyone?

I'd pay that. Wish you were here!

 

[super56]

Man I wish I lived closer...

 

[Dr Crankenstein]

$75 sounds more than reasonable but I have no idea what's fair in your market. Here, a similar garage rents for $150/mo. A decent 1200 sq ft. house runs 1200 - $1500/mo. Indoor (cold) storage for a car or boat, $100/mo.

Does $75 make or break the deal? I understand reducing the rent helps the tenant but personally, I would prefer one tenant for the whole enchilada. Two tenants (in my experience) can be difficult to the point where an empty garage is better than a 24 hr headache.

 

[cantwell.colton]

No surprise, no responses... so how about this.

75$ a month sound reasonable to anyone?

id pay that for sure... is it just one individual? when i was in hs i rented a small garage for our band to practice and paid the same...

 

[Neto]

I'd suggest checking the going price at area storage buildings, then come up with a lower rate based on that. Those rates must vary considerably for different areas, but I think that $50.00/month gets only an area a bit smaller than a one car garage around here. (We are far from any large city - other areas are probably a lot more.) I would also think that the security level would be another determining factor as well.

 

[Bonehead]

Your market is not the same as my market. But you are a reasonable guy, I would go with whatever you decide.

 

[Sam_Fear]

Thanks for the input fellas. Here's the kicker - I'll be renting it to myself. We are going to sell our current house to my Sis-in-law on contract, but I won't be able to build a shop at the new property until spring so I'll have to at least use my old garage for storage and hopefully have time to work there some too.

I think I'll go with $75 a month a 2$ for every day I work in it.

 

[GJunktionMike]

I have a buddy here in GJ that pays $200 for that same set up, plus he pays the elec to.

 

[Bonehead]

I have a buddy here in GJ that pays $200 for that same set up, plus he pays the elec to.

Like I say, different market here. I bet you will be fair and honest about the whole thing.