What do you pay for storage of your R?

I signed up for a 10' x 20' storage place. It was a little expensive.

I store cars at my shop, not heated, $75 month for one vehicle or two vehicles for $100.

I found a spot near my home for $162/per month with a month to month deal.

My 95R has been in and out of various places in it's history. The last place has been in my driveway.


New pictures to follow.

DAVESVT2000 said:

I store cars at my shop, not heated, $75 month for one vehicle or two vehicles for $100.

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Dave,
Just saying, but I think you probably pay less than $25/month. It's your shop, and no one can increase your rent?

I think what he was saying is he charges other people $75 for 1 and $100 for 2.

I also store both R's in the shop at home. = $0/month

Yes, I should have been more clear.

My house came with an old shop out back, 4000 square feet.

I can fit 14 cars in there at $75 month for one car, a few people put two cars away and i charge them $100 for the pair.

My cars, I keep at my work garage with my front end loaders and dump truck where it’s heated and toasty warm

I used to rent two 10x20 storage units for cars at $70/each. I have since bought land and built a garage. Now the only cost is property tax and heating/cooling.

A downside to my old storage units were they were in a dusty environment. Even with 2 car covers over the cars, they still were dusty. I also didn’t drive them much since they were 1.5 miles from my house and “inconvenient.” They now live in a dust free, climate controlled environment and can be driving easily at any time. Also, although I spent a crap ton of $ to have my dream garage, it’s nice not seeing $140/month pissing away to someone else to store my cars.

Loaded question, I pay nothing per se a month, but taxes, utilities, initial construction costs, maintenance, etc, guess it depends on how long you amortize.

DAVESVT2000 said:

I store cars at my shop, not heated, $75 month for one vehicle or two vehicles for $100.

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Does it fill up ? You could do $75 for 1, 125 for two, and buy a 4 post lift so you still only use one footprint, and someone else buys your lift. I wish I had someone around here that was that cheap.

I’m not a fan of storage facilities. Seems like things always tend to “happen” at those places. I keep all mine where they belong...with me. Plus I like being able to look at them everyday.

598 said:

Does it fill up ? You could do $75 for 1, 125 for two, and buy a 4 post lift so you still only use one footprint, and someone else buys your lift. I wish I had someone around here that was that cheap.

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Fills up every year, almost all are long term customers and friends that’s why I keep it so cheap.

Unfortunately it’s only a 10 foot ceiling, no height for lifts without raising the roof and that would be expensive.

I do however have a four post lift at my other shop for my own cars.

Goose17 said:

I used to rent two 10x20 storage units for cars at $70/each. I have since bought land and built a garage. Now the only cost is property tax and heating/cooling.

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Hey Goose,
It's just not that inexpensive in the northern suburbs of north Atlanta. I've looked. I am near the global headquarters of UPS, and the American Hd'q's of the Mercedes-Benz company.

I did the numbers around here which will require at least $300,000+ for a small property and who knows what to get a permit? I figure $400,000 in cash up front to buy one.

I paid up-front $162/month for a corner place for my 1995 Cobra R #113 (born 3-1-1995). The car looked happy to me:

Make sure you pay your storage bill. That would be a heck of a score for someone if they had to auction off your locker.

TFStang said:

Make sure you pay your storage bill. That would be a heck of a score for someone if they had to auction off your locker.

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Thanks, but I have month-to-month plan with an authorized credit card. I paid three months ahead.

One reason that I got this place is the close location to my house (>2 miles). This is great since I can drop by at anytime to check on the car. I have the gate code.

Another thing: The employees are trained to get you to buy additional insurance:
They then asked how if I knew my car was covered in this facility? I said yes. Then, "Are you sure?" [I've read my collector car policy twice]. Yes, I'm sure.

It must be a bunch of idiots that usually rent a space?

My policy is with Heacock Classic:
https://heacockclassic.com/

I did contact them and add the new storage location. I sent pictures of the location:

1995COBRA-R said:

Hey Goose,
It's just not that inexpensive in the northern suburbs of north Atlanta. I've looked. I am near the global headquarters of UPS, and the American Hd'q's of the Mercedes-Benz company.

I did the numbers around here which will require at least $300,000+ for a small property and who knows what to get a permit? I figure $400,000 in cash up front to buy one.

I paid up-front $162/month for a corner place for my 1995 Cobra R #113 (born 3-1-1995). The car looked happy to me:

View attachment 1456608

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Another option for you... buy a rental property nearby that either already has a stand-alone garage on the property or space to build one. Then when you rent the house, you have a lease that states the stand-alone garage is not for their use.

I actually considered this option for awhile. I have rent houses and was leaning this way before I finally convinced a neighbor to sell me some land.

You could have a good size garage and have someone pay you rent as well.

I keep my 95 R in the home garage
no cost.

I do have 2 car trailers that I keep my track cars in and keep those on a storage lot. Costs me about $115 a month for 2 car trailers.

Goose17 said:

Another option for you... buy a rental property nearby that either already has a stand-alone garage on the property or space to build one. Then when you rent the house, you have a lease that states the stand-alone garage is not for their use.

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I actually did this once with my first house (my first dwelling was a cabin). It had a two car attached garage, and I gave them a private key to the inside door to the garage door. It worked for about 5 years until they moved.

I am done with rentals. I bought a house near me after the crash of 2009. It was a great deal. My wife ended up signing up a friend of a friend of her's. The deadbeat renter always calls my wife with an excuse on the rent. The actual annual rent barely covers my expenses (the house is worth more than I paid).

1995COBRA-R said:

I actually did this once with my first house (my first dwelling was a cabin). It had a two car attached garage, and I gave them a private key to the inside door to the garage door. It worked for about 5 years until they moved.

I am done with rentals. I bought a house near me after the crash of 2009. It was a great deal. My wife ended up signing up a friend of a friend of her's. The deadbeat renter always calls my wife with an excuse on the rent. The actual annual rent barely covers my expenses (the house is worth more than I paid).

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Yes! I bought 5 houses back when the housing market crashed. I stole them all. I’ve had a few issues along the way, but for the most part I’ve been lucky with my tenants. I also make sure they all know I practice and teach martial arts. I think that helps!

Two of my houses came up for rent this past year so I sold them. When the other 3 come vacant, I’ll sell those too. Being able to buy them at the bottom of the market has turned out to be a nice investment.

had to put the R in a storage unit for a few months while the house was under construction. i wasn't happy about it but i didn't want anyone to hit it with anything or leave it outside. only one place near me had a 10x20 unit available and it was the most expensive at $240 a month. i wouldn't do it long term. it's to expensive and its annoying to have to drive somewhere to get the car every time you wanna use it.

Great picture @nmp1!