Today a neighbor came to my husband and said he has a friend looking for a place to keep some horses and if we would be interested in renting our barn and pasture. This is a situation we had actually thought about, especially if my daughters could some how get involved with taking care of the horses, this way I will know if it would be feasible to get two of our own in the future.
I would JUMP at the offer - if only at the prospect of making use and earning $$$ from that barn that otherwise would just sit there unused.
How much do people generally charge for barn and pasture rental? The barn is a bare minimum structure, with two stalls, and no doors, one electrical outlet.
I think it really depends on what you are providing.
My barn lady went over what exactly goes into my $450/month board bill. That's his stall, daily turnout, feeding 3 times a day (hay and grain), supplements, and keeping an eye on him with the permission to call the vet if there is any reason to.
The barn has hot water, indoor plumbing (bathroom, bath area for the horses, spigots and hoses for refilling water buckets), electric (fans on the horses in summer, heaters going in aisleways in winter, lights), and every boarder has their own pantry sized locker to keep all their stuff.
If this person is doing all the work and care themselves and bringing the hay and grain and so forth... then I would at the very least charge $150/month per horse.
And the more improvements you make to the barn - the more you could reasonably charge. I would definitely use the income from the guy renting the barn towards making improvements every year.
What are the risks of doing something like this? What type of rules should we have written down?
Talk to your lawyer.
My barn lady has a form which everyone who works around or rides the horses has to sign - essentially their promise not to sue if any accidents occur on her property.
Barn rules = you need to have set hours that the boarder may come out and visit. You need to make sure they aren't smoking or drinking on your property, etc...