That's what I do. I was in my metalworking shop this morning, and marveled at all the wheels and tires hanging there. "I don't have that many bikes. Why all the circular items?" , I asked myself. But I'm sure my collection pales in comparison to some here. I use two of those larger, rubber coated "J" hooks available at Home Depot. One per joist for wheels. Two adjacent to each other on neighboring joists for tires.