Ferrari Mailing List: Re: OT - Collection Storage

[Erik Nielsen (judge4re]

Coverage on the cars are one thing, it's the coverage on the building that is 
something else. If they get a wiff that you'll be doing work on someone else's 
car, watch the premiums go through the roof.

We fought the HOA and got the city variance on our addition. Something about 
rather see someone invest in their own property than turn it into a Section 8 
rental just for shits and giggles...

Neighbors still think I'm a blood sucking lawyer, who am I to correct them.

Sent from my iPad

> On Oct 16, 2014, at 7:31 PM, <bglarson [at] transystems.com> <bglarson [at] 
> transystems.com> wrote:
> 
> Erik,
> Just added a car to the vintage policy....To your point, they did say I saved 
> on the premium by storing at a friend's house (or my own) vs paying rent.  I 
> wasn't quick enough to ask how much difference it made.  
> I've priced the conversion of the basement to a fire rated garage for the 
> full lifestyle option and found that it is twice, more likely 3X cost per car 
> compared to the cost of adding a detached garage which requires a variance 
> not easily obtained in my neighborhood.  So the crosshairs seem to point at 
> building/buying a space apart (warehouse) from the home that would have value 
> later OR start over and build a new home (much downsized house which is 
> preferred by me, upsized garage---havent sold that one yet to my bride (nor 
> have I tried real hard) even though she is good with 11 cars). 
> Thanks for your thoughts. brian
> 
> -----Original Message-----
> From: Erik Nielsen [mailto:judge4re [at] gmail.com] 
> Sent: Thursday, October 16, 2014 5:28 PM
> To: HQ-Brian Larson
> Cc: ferrari [at] ferrarilist.com
> Subject: Re: [Ferrari] OT - Collection Storage
> 
> Buildings, lifts, coffee pots, etc... are the easy part, what is not cheap is 
> insurance coverage.  Having gone down this route, the only practical solution 
> is individual ownership.
> 
> We extended the house with an additional two car garage with a design studio 
> space above (wife tax on the project). About the price of a Testarossa, but 
> I've found that if I kept a car off site, I ended up ignoring it as life just 
> gets in the way.  An 11' ceiling gives me room to add lifts when the time 
> comes.
> 
> I still have room the other way to add an additional 2 spots should I choose 
> to.
> 
>> On Oct 16, 2014, at 2:24 PM, bglarson [at] transystems.com wrote:
>> 
>> I would imagine that the scenario you have in mind (temp control, card 
>> entry, electrical, +extras like lift, coffee pot) would put you at $250/mo 
>> even in the Midwest).  I am sure that the full service shops (start the car, 
>> drive it out type places) are $500+/mo.  Those have never interested 
>> me----but they are a way to preserve a car that you own but simply don't 
>> have time or access.  The places I have used don't have a full time 
>> attendant----you call the owner/owner rep and meet them there (ie, limited 
>> access).
>> 
>> -----Original Message-----
>> From: Charles Perry [mailto:charles [at] carolina-sound.com]
>> Sent: Thursday, October 16, 2014 1:18 PM
>> To: HQ-Brian Larson
>> Cc: ferrari [at] ferrarilist.com
>> Subject: RE: [Ferrari] OT - Collection Storage
>> 
>> Thanks! Hard to think that you could fit enough cars in 10k sq ft to cover a 
>> full time employee, though. Was assuming most access would be by owners and 
>> keycard, etc...? Enthusiasts are usually good about cars, but sometimes they 
>> might bring friends and family, which has to be watched. Your staffed 
>> version fixes that, but increases complexity and decreases profitability...
>> 
>> 
>> -----Original Message-----
>> From: bglarson [at] transystems.com [mailto:bglarson [at] transystems.com]
>> Sent: Thursday, October 16, 2014 1:59 PM
>> To: Charles Perry
>> Cc: ferrari [at] ferrarilist.com
>> Subject: RE: [Ferrari] OT - Collection Storage
>> 
>> Charles,
>> You have solved it---get 10k sq. ft. of space.  It does simply come down to 
>> having adequate and appropriate space. Here is what I have learned from the 
>> Midwest.
>> *  car storage rental is $75-$225/mo/slot (the bigger the city the 
>> more $$)  $150/mo is typical for no frills, retail space with 
>> electrical service
>> *  fellow enthusiasts who have space like yourself are preferred as they 
>> understand the care needed and the consequences of miscues (hint: the 
>> providers I use both move the cars inside the structure, not the owner)  
>> Nonetheless, they do have liability insurance.
>> * security control is provided (building design via one expensive door 
>> in/out, systems, personal attendant when open)  So, with the enthusiasts I 
>> deal with, you have limited access but personal attention.
>> * I am not sure how to quantify it, but it stands to reason that shared lift 
>> access would be a plus to many renters.  As the provider, you would then 
>> have more exposure to renter activities than what I have been in involved 
>> with.
>> I wonder what the per sq. ft. capital cost is for a no frills warehouse with 
>> features appropriate for this purpose?  New construction + land vs. retrofit 
>> of existing.
>> I've also seen big basements and priced that idea out on my house----that 
>> number scared the heck out of me and made me think maybe warehouse that you 
>> turn someday.
>> Brian
>> 
>> -----Original Message-----
>> From: Charles Perry [mailto:charles [at] carolina-sound.com]
>> Sent: Thursday, October 16, 2014 11:50 AM
>> To: HQ-Brian Larson
>> Cc: ferrari [at] ferrarilist.com
>> Subject: RE: [Ferrari] OT - Collection Storage
>> 
>> Brian -
>> 
>> I can't relate to not knowing where I parked my cars, but I am interested in 
>> your warehousing. I'm fortunate that my company has a spare 10,000 sq ft 
>> warehouse where I keep my cars. I'm interested in renting out the remaining 
>> space to enthusiasts. Would you mind sharing what your friends charge for 
>> that storage? Also, what security/surveillance to they have to protect the 
>> cars with multiple people coming and going? I'm less worried about overall 
>> theft than someone perhaps dinging/scratching another owners car and how 
>> they handle that.
>> 
>> I'm adding some high grade lighting and a lift for my own use. Do you have a 
>> guess as to how much value that would add to a potential renter if they were 
>> allowed to use it?
>> 
>> Everyone else feel free to chime in. All thoughts appreciated...
>> 
>> -- charles
>> 
>> 
>> 
>> -----Original Message-----
>> From: Ferrari 
>> [mailto:ferrari-bounces+charles=carolina-sound.com [at] ferrarilist.com] On 
>> Behalf Of bglarson [at] transystems.com
>> Sent: Thursday, October 16, 2014 10:41 AM
>> To: Charles Perry
>> Cc: ferrari [at] ferrarilist.com
>> Subject: Re: [Ferrari] OT - Update on Rick's purchas
>> 
>> Gents:
>> I'm largely an interested lurker on the list, but this topic hits home with 
>> me.  I am on the cusp of retirement and have managed to indulge in my 
>> appetite for cars over the past seven or eight years to add to my 69 Z/28RS 
>> which I have enjoyed for 32 years.  Now the list totals 11 cars including 2 
>> drivers (me and the mrs), one track car and the rest being taken out 
>> regularly but always only for fun. The marques are Chevy(1), Ford(1), 
>> Ferrari(1), Pontiac(1), Porsche(1), BMW(6), 50/50 mix of 1960-70s cars and 
>> 2000 era cars. 
>> My garaging is a fright, something I manage between lifts Ive 
>> installed, friend's garages, and rental storage from fellow 
>> enthusiasts who have bought a warehouse.  I would be interested and 
>> appreciative of hearing what others have done when they find 
>> themselves in the spot of waking up and deciding they want to drive 
>> one of their beloved cars but forgot which parking spot they left it 
>> in.  I realize the potential for humor here, and that's ok too, but I 
>> am sensing the need to forge a direction that doesn't involve a 
>> shotgun.  Thanks Brian
>> 
>> 
>> -----Original Message-----
>> From: Ferrari 
>> [mailto:ferrari-bounces+bglarson=transystems.com [at] ferrarilist.com] On 
>> Behalf Of Matt Boyd
>> Sent: Thursday, October 16, 2014 8:42 AM
>> To: HQ-Brian Larson
>> Cc: The FerrariList
>> Subject: Re: [Ferrari] OT - Update on Rick's purchas
>> 
>> Rick,
>> 
>> I'll continue in the slightly OT vein and just say I'm a little jealous. I'm 
>> missing two ingredients that you have right now, and that is time and money. 
>> I'm aiming hard though to emulate your hobby in another 15 years when I 
>> retire, as my current cashflow goes towards retirement savings, college 
>> savings, everyday life, and a monthly Tesla payment. All that said, 
>> everything is set up so that when I turn about 59, everything will be paid 
>> off, I'll be retired, and the kids will be out of the house. The retirement 
>> fund will enable me to fulfill the hobby just like you are.
>> 
>> We are very alike in our makeup regarding the toy hobby, even if not 
>> exactly the same tastes. I have no allegiances. I've had two Ferraris 
>> (one you know well), a Jag (XJR), two Rolls-Royces (88 Spur and now a
>> 39 Phantom-III with a sweet V12), a Bentley Turbo R (from former lister Dave 
>> Quick), still have my 57 Chevy I bought 28 years ago when I was 16, the 
>> Model S P85 as our daily driver, used to have a 78 MB 450SEL as a backup 
>> daily driver up until last year, and then the more mundane 91 Volvo 940 
>> Turbo I'm still keeping for my son who turns 16 in a few months, the 04 
>> minivan, and George Parker's 04 Jetta TDI wagon. All have their place. I 
>> still have on my list a desire for a free-flow exhaust American muscle car, 
>> a little British sportscar (not anytime soon so I have plenty time to thnk 
>> about what that'll be), and I could go on...and on...but it'll be several 
>> years before I can start "being like Rick."
>> 
>> Keep us posted.
>> 
>> -Matt
>> 85 euro 308
>> 39 rr p-iii
>> 57 bel air
>> 13 model s p85
>> 91 volvo 940 turbo
>> 04 jetta tdi wagon
>> 04 sienna xle limited awd (SWEEET!)
>> 99 bounder 36s
>> 
>>> On Thu, Oct 16, 2014 at 8:50 AM, Rick Lindsay <richardolindsay [at] 
>>> gmail.com> wrote:
>>> Morning Friends,
>>> 
>>> I now own 10 cars, 8 of which are of particular interest. They are 
>>> varied marques and styles of cars - a point many marque-specific guys 
>>> can't seem to understand. Point is, I'm not a Ferrari guy, or a 
>>> Triumph guy, or... I'm a machine guy, and old cars top the list of my 
>>> interests.
>>> 
>>> A friend on the Triumph TR3 list wrote,
>>> 
>>>> Rick, don't worry about "the wedge"
>>>> in the garage...they get along very
>>>> well with TR's...
>>> 
>>> Harmony in the garage is very important. Side by side, my two TRs 
>>> make for quite a contrast. That's a Triumph TR3 next to a Testarossa. 
>>> :-P And contrasts keep life interesting.
>>> 
>>> John went on to write,
>>> 
>>>> My TR7 "wedge" is very happy next
>>>> to the TR2, and they are so different, that it makes for  great 
>>>> conversasions.
>>> 
>>> Personally, I really like the TR7 and TR8. In fact, when I went 
>>> searching for the next late, great project, I started out looking for 
>>> a Triumph 'wedge', of either 7 or 8 fame. Failing in that search, or 
>>> perhaps because I became distracted, my quest turned toward a Lotus 
>>> Europa. Having previously owned an S2 Europa with Renault power, I 
>>> searched specifically for a Lotus-Ford TwinCam powered car. I found 
>>> either total basket cases with damaged fiberglass and broken 
>>> drivetrains, or overpriced running examples ranging from 'drivers' to 
>>> show cars. CG's response to my frustration was, "How about an early 
>>> Esprit?" That car was not even on my radar.
>>> 
>>> My quest changed but my budget didn't. I found a quite rare '79 
>>> Esprit 'John Player Special' in dreadful but complete and undamaged 
>>> condition. Hadn't turned over in decades, but the price was a little 
>>> steep, considering that it needed everything - plus a year or two of 
>>> work. This isn't my first rodeo so I know what a restoration costs, 
>>> even to 'just usable' status. And that cost can double with a limited 
>>> production exotic! I passed on the JPS but by then, I was firmly on the 
>>> search for an Esprit.
>>> 
>>> At the outset of the search, I joined the early Esprit e-mail list. 
>>> That's where I found the JPS car, which has since been purchased buy 
>>> a guy with the means to restore it correctly. I have no clue as to 
>>> what it will be worth when he is done, but that's not the point. Of 
>>> greater importance is that a rare car (about 100 made) will be saved from 
>>> parts-car status, or worse.
>>> 
>>> Shortly after declining the JPS car, a long-time Lotus owner and 
>>> expert restorer offered to me his restored '78 Esprit. That car too 
>>> is acceptably rare, with only 474 cars (hand) made in 1978. The 
>>> restoration is about a decade old but the work was done expertly and 
>>> has been treated with TLC ever since. What the car needed, and still 
>>> needs today, is a thorough exterior cleaning, polishing and waxing, 
>>> plus tires and the routine maintenance brought up to date. It appears 
>>> that the PO's interest in the car declined and it was left unused in 
>>> dry storage for over a year. About 6 months ago it was driven but 
>>> performed poorly thanks to quite old fuel and probably a bit of gum 
>>> buildup in the carburetors. At not quite twice the price of the JPS, this 
>>> normally aspirated '78 Esprit S2 is the car that I bought.
>>> 
>>> So in my immediate future are numerous maintenance steps. None the 
>>> least of these are draining (pumping) any remaining old fuel, 
>>> flushing the fuel lines, and probably rebuilding a pair of Dellorto 
>>> carburetors. (The Dellorto side draught carburettors are quite 
>>> similar to and interchangable with, Weber 45DCOEs, and are of similar 
>>> quality
>>> devices.) They are easily rebuildable and ultimately tunable.  Of 
>>> course, also in the queue are replacing all fluids, new hoses and 
>>> ancillary belts. An A/C recharge, if not rebuild, is almost a 
>>> certainty. Fortunately, Houston's weather has cooled a bit so that can wait.
>>> 
>>> Granted, this note and the whole theme is 'off topic' but that never 
>>> stopped us before. I'll share a few pictures and stories, and 
>>> hopefully no horror stories, all in limited quantity, once the car arrives.
>>> 
>>> We now rejoin your regularly scheduled program, already in progess.
>>> 
>>> -rick
>>> 
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>