The present disclosure relates to a wire rack for mounting an iron on a wall and method of use thereof, and more specifically, to a wire rack for mounting an iron on a wall, the wire rack having a retractable rail for adjusting to different sizes of irons and equipped with an ironing board holder and a product holder. The iron holder holds the iron by the iron's base and can be adjusted to accommodate different sizes of irons. The frame is also made of heat-resistant, coated, welded wire that allows for the manufacture of a light, cost-effective device. The device is also equipped with large hooks to hold most types of ironing boards and arms designed to hold extra products used during ironing.