Rent Your Office
Sep 07, 2020Hi, this is Dave Kats with Therapist Consultants, and I have a tip for you.
There's a way that you can make more money without working any harder. Here it is, sublet your office to somebody when you're not using it. Now, you may say, "Well, I only have one room, and I work four days a week," or "I work five days a week."
Well, let me give you an example. I have a client who worked Monday through Thursday, she just had a one-room office. She rented it out on Friday, Saturday and evenings to two different people, one for $350 a month, one for $300 a month, and she made $650 a month, which by the way, was the cost of her executive suite that she had right there, so she was getting her rent-free just by letting someone use her area. I said, "Is there any hassle with it?" She said, "No, at the first of each month, I just get their checks on my desk, one for $350, one for $300."
Think about this. It's just like seeing another three or four patient visits every month by renting your place out and charging $300 or $400 for the time when you're not using it. I think it's a great way to increase your revenue without spending more time in the therapy room.
This is Dave Kats. Thanks for listening
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