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 Expert
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| If you were loaning a horse out to a rider what might you expect . They are paying all entries and travel (using my horses because theirs is down with an injury) I am feeding, taking care of feet, chiro and any vet expenses unless related to travel, I also just insured the horse, and I keep her fit. So far they have kept all winnings, this is a young horse who jumped out and became a 1D horse and has so far broke even and even made a little over their expenses. I have a hard time asking for a share although I think it would be fair as I spend a small fortune keeping her in top shape. I have nothing right now and am barely holding things together this little mare is the only thing keeping me believing in the future. I want to be fair and I could run the horse myself but it is a kid riding who has big dreams and was pretty devasted when her horse got hurt. Help me I have no business savvy in this situation. Be kind I am already stressed out |
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Location: midwest mama | Based on what each of you are contributing, at the very least it should be a 50/50 split on all earnings. |
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Expert
Posts: 1409
Location: Oklahoma | aww this may be touchy since you all didn't have an agreement ahead of time. Good luck I get myself in messes all time trying to help out! |
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Expert
Posts: 3514
| You need to get a contract. They pay half of of insurance/feed/vet/
gas and any other expenses. You in turn get 1/2 of winnings. |
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I just read the headlines
Posts: 4483
| Mount money used to be 25% of earnings, but that was many years ago, it maybe more now.
Edited by GLP 2017-07-31 7:03 AM
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 Shelter Dog Lover
Posts: 10277
| Wow, that is a heck of a deal for them. Have they offered you anything at all? I think they should pay all expenses, shoes, feed etc if they want to keep all the winnings. I loaned a couple of mine to my trainer for her daughter to use, the horses did stay at her place, they paid for everything and kept all the winnings. I would just tell them if they are going to use her they need to help with the cost of maintaining her. It is very kind of you to let them use her. You can do percentage of winnings but I prefer a set amount each month because whether she draws a check or not, every run is more wear and tear on the horse and an opportunity to get hurt. Don't let the fact that you did not have this conversation at the beginning stop you from having it now. The flip side is they could have/should have offered to help with expenses too. You are not in the wrong for asking.
Edited by rodeomom3 2017-07-31 7:14 AM
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Expert
Posts: 2258
| Thanks for the information. We did talk about winnings a little after her very first run that she won by 7 tenths. They asked what is normal and we talked a little about that but then when I mentioned it again they kind of brushed me off. I have known this little gal since she was 3 not 12 and they needed a horse to ride because she is a sponsored rider looking for more sponsors and they wanted to try and do the jr nfr and an American qualifier. I just need to have a little backbone and just ask. I love helping when I can but we have had a really bad couple of years and anything a horse can do to help pay their own way is great. |
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Veteran
Posts: 233
| Are leases not common, where the leasee pays all maintenance costs and a monthly fee to the owner? Otherwise, if it's an ongoing thing but she's only riding the horse at competitions, I'd charge a daily use fee, say $50-$100. Miles on a horse are miles. |
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 Go For It!
Location: Texas | I would lease them the horse... they pay all expenses and give you $X. a month, if she's a super nice mare. Make sure they have insurance that includes major medical. You just have to decide for yourself what it's worth. One run could end your mare's career. Or just be kind and do it for them, pay it forward, help her reach her goals and let God give you the blessing! Either way, you just have to go with your gut.
Good luck! |
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Extreme Veteran
Posts: 534
Location: Ohio girl moved to PA | youre definitley getting the short end of the stick here. Its YOUR horse. Just be upfront and let them know how you feel and if they want to continue running the horse they need to help out in some way, especially since you are being so nice and letting them use your horse. I would expect them to pay for all upkeep. |
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 Too Skinny
Posts: 8009
Location: LA Lower Alabama | So when I borrow a horse 'for me' I feel like I should take care of it and pay for everything for it and if the owner wants a cut of the winnings then so be it. If I am riding it 'for the owner' then they provide it's care and get a cut of the winnings. Maybe you guys started as a "he just needs to be rode" and then it swapped to a lease type situation but you need to decide what is right for your set up. These are friends not just random people but they are getting the best deal possible. This may mean you need to be tough though and stop this before your horse gets used up and returned useless. |
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Expert
Posts: 2258
| I normally just let people use my horses if needed I try to be as generous as possible. I have loaned a lot of horses over the years. This mare is pretty special. I am really struggling to survive right now financially so the added expense of keeping her running is a bit hard. Thanks for your thoughts |
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Expert
Posts: 2258
| I am a control freak so the mare will stay in my care at all times and I travel with her. This is a younger girl who is a great little jockey but I feel like I still need to watch out for them. I wish I was in better shape financially and I wouldn't even think of it but we are literally barely eating and I am walking out of my shoes so some help would be great. I know I could sell this mare right now but if you have ever had that once in a lifetime kind of horse or just a special connection you know how hard that choice can be. I am trying to hold on to her so maybe I can have a shot at running her soon. |
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  Fact Checker
Posts: 16575
Location: Displaced Iowegian | First and foremost, you need to have a "sit down" with them. YOU are getting absolutely nothing out of this arrangement and taking all the chances should she get hurt. At the very least, they should be paying for her "upkeep" AND insurance. They would have to feed/vet/insure their own horse. And you should get a percentage of the winnings (25% if they pay upkeep). Or you could give them the option of a straight lease but, then, they would probably want to take the horse to their place. |
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I just read the headlines
Posts: 4483
| cutnrunqhmt - 2017-07-31 1:15 AM
If you were loaning a horse out to a rider what might you expect . They are paying all entries and travel (using my horses because theirs is down with an injury) I am feeding, taking care of feet, chiro and any vet expenses unless related to travel, I also just insured the horse, and I keep her fit. So far they have kept all winnings, this is a young horse who jumped out and became a 1D horse and has so far broke even and even made a little over their expenses. I have a hard time asking for a share although I think it would be fair as I spend a small fortune keeping her in top shape. I have nothing right now and am barely holding things together this little mare is the only thing keeping me believing in the future. I want to be fair and I could run the horse myself but it is a kid riding who has big dreams and was pretty devasted when her horse got hurt. Help me I have no business savvy in this situation. Be kind I am already stressed out
I would just tell them if they are going to use her, they must pay all the fuel costs, chiro and any other expenses related to them using her, including any replacements of blown out tires or repairs that happen when hauling them. I can't believe they didn't offer to do that in the first place. They must not know how lucky they are to have a friend like you to help them out. |
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Go Get Em!
Posts: 13503
Location: OH. IO | with what you are paying out you should just run her yourself |
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Expert
Posts: 1446
Location: California | NJJ - 2017-07-31 8:54 AM First and foremost, you need to have a "sit down" with them. YOU are getting absolutely nothing out of this arrangement and taking all the chances should she get hurt. At the very least, they should be paying for her "upkeep" AND insurance. They would have to feed/vet/insure their own horse. And you should get a percentage of the winnings (25% if they pay upkeep). Or you could give them the option of a straight lease but, then, they would probably want to take the horse to their place.
Never thought I would agree with you, but you just hit the nail on the head. I see too much potential for you and your horse to be taken advantage of. And I've always been leery of leases because people tend to not hold up their end or not give the horse back. I would be really careful, proceed with new guidelines and make sure there's a written, signed contract. |
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Expert
Posts: 1446
Location: California | jake16 - 2017-07-31 9:18 AM
with what you are paying out you should just run her yourself
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 No Name Nancy
Posts: 2715
Location: never in the right place | I am using a friends older horse right now and she needed to get off him to ride her younger one and not mess him up, so she offered older one to me since mine is hurt. IF I ever win any money I am planning on taking my entry fee out and splitting 50/50 the rest or if its a small amount just giving it to her. She is hauling, shoeing etc and just wants someone to ride her horse. I know she will not want to take it as she feels I am doing her a favor by riding him but she will find it somewhere in her truck or trailer if she doesn't take it from me. lol
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 Born not Made
Posts: 2937
Location: North Dakota | cutnrunqhmt - 2017-07-31 1:15 AM If you were loaning a horse out to a rider what might you expect . They are paying all entries and travel (using my horses because theirs is down with an injury) I am feeding, taking care of feet, chiro and any vet expenses unless related to travel, I also just insured the horse, and I keep her fit. So far they have kept all winnings, this is a young horse who jumped out and became a 1D horse and has so far broke even and even made a little over their expenses. I have a hard time asking for a share although I think it would be fair as I spend a small fortune keeping her in top shape. I have nothing right now and am barely holding things together this little mare is the only thing keeping me believing in the future. I want to be fair and I could run the horse myself but it is a kid riding who has big dreams and was pretty devasted when her horse got hurt. Help me I have no business savvy in this situation. Be kind I am already stressed out
The way you describe it, you are their "groom" keeping the horse fit and ready to go, and they jump on to ride the horse and hand the reins back when they are done. While you do get to maintain 100% control of how the horse is taken care of, you are giving yourself the short end of the stick. You are doing all the work and getting none of the winnings. Yes, they are paying the entry fees (and not you) but there still is a lot of expense with just maintaining the horse.
Of course, you can come to any sort of agreement you want. But if you are needing money right now, then I'd turn this into a lease so that they pay a portion of the horse's normal maintenance and you get a cut of the winnings.
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