Racing circuit folks: what do you expect in a local rental property?
DISCLAIMER: The only thing I know about horses is that you don't walk behind them.
I own a few acres within 5 miles of HITS Ocala Winter Circuit. I'm interested in outfitting this property to cater to out-of-towners. If I'm reading the land development code correctly, I can fence off an acre or more, which should be enough to legally accommodate four horses.
I spent a year and a half living and working on this property, but it still needs some TLC (new well. ugh.) before I would feel comfortable renting it. I am not wealthy, so this is going to be piecemeal. I imagine taking it though a few stages:
- Year 1 - Fenced acre (No Climb 48"), single stall, RV hookups (maybe internet?)
- Year 3 - Above plus four-stall barn
- Year 5 - Above plus mobile home
- Year 6 - Above plus additional fenced 1/2 or whole acre
- Year 10 - Above plus larger home
Am I leaving anything out that would be obvious to y'all? Maybe a tack room? I've thought about plumbing the stall, growing hay on the same parcel, a small laundry shed, maybe loaner tools? What if I paid my neighbor to muck the stalls?
And finally, what are reasonable rates to charge for these amenities? I'm aware of the--screw it, not beating around the bush here: the sort of folks who drive/fly horses interstate for three moths of racing are simply in a different income bracket than I am and I have no idea what they would find reasonable. I just know being 5 miles from HITS is very attractive. I'm not looking to beat anyone up on price, I just want to recoup my investment ASAP.
Submitted May 07, 2017 at 11:38AM by diddatweet
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