Rent a Room

Hi, this is Dave Kats of Therapist Consultants and I have a tip for you.

We've talked about this one once before, but it's so unusual what I see, that I want to bring it up again. I would suggest, as a therapist, if you have any extra space, rent it out to another therapist. Now it could be that the only extra space you have is on weekends and evenings, and that's okay. I would rent that time out. I have a therapist in the greater Dallas area that does not work on Fridays. She works Monday through Thursday. So she rents out her office on Friday, Saturday and during the evenings. She rents it to two different therapists, so they split the time, and one pays $300/month, and one pays $350/month. Together that's $650 which pays her rent for that facility. So, it's really a great idea to do. Now, the reason I bring it up is because as a consultant, I talk to clients that are just getting in practice, and I talk to clients that have been in practice for a period of time, and they are like two ships passing in the night, but never connecting. Here's what happens. I'll get on the phone, and the first therapist will say, "Well, I'd like to get into practice faster, but I just don't know of any place I can practice. I don't know of anybody that has a room to rent.", and the next call will be from a person in another area, and they'll say, "Well, you know, I've been in practice for a long time and I'd like to have somebody come in and use that extra room that I have, but I can't find anybody to use that extra room." So it's like two ships passing in the night. If you put your opportunity out there, either as a practicing therapist needing to rent out a room, or a therapist getting into practice wanting to rent a room out on different media sources like Craigslist or Indeed, you could improve your financial ability and your office. One other thing I should say to the therapists that are in practice or to the therapists that are not in practice, you can get a list from your state of all the therapists that are in practice, and you can send a letter to the ones around your zip code, and say, "I'd like to rent a room. Do you have one available?", and almost always they do. If they don't, wait about two weeks and send out the same letter again to exactly the same people but this time you'll find two or three responses, I've seen that so many times. So, think about this, if you have a room to rent, let's go ahead and rent it. if you want to rent a room, let's find the therapist by retrieving the names from the State Board and sending out the letters.

This is Dave Kats, thanks for listening.