buying garages to rent out

Lord_Baltimore

vansboy wrote: »

And the people who rent your garage, then dont pay you, but when you return to it and discover it full and I mean FULL of old tyres, (or tree cuttings. commercial waste, general rubbish) you will discover just how expensive it is to become a lock up landlord.

Add the fees for selling/buying it, as I've just done and you'll not bother.

VB

Good post!

Broken_Biscuits

thanks for all the replies.

so if you are lucky with renters, the only extras are insurance. For those who have tried purchasing garages, any ideas on costs of insurance and what it covers? Assume just a basic damage policy?

eddddy

Broken_Biscuits wrote: »

thanks for all the replies.

so if you are lucky with renters, the only extras are insurance. For those who have tried purchasing garages, any ideas on costs of insurance and what it covers? Assume just a basic damage policy?

Hmmm... if a poorly maintained, badly fitted or worn-out up-and-over garage door falls onto a tenant's classic car, I guess there could be interesting discussions about negligence and liability.