Renting out space to increase profits
Hi Al,
My name is Carla, I’m a yoga teacher in Prince George BC. I just
recently purchased your homestudy Yoga Studio Success course and am enjoying it very much.
I have a question that I was hoping would be answered during class 2,
but no one seemed to ask! When you have multiple renters come to the
studio (we do a bit of that already), is the normal protocol to give
everyone a key, which essentially means access anytime – or is
offering your space for rentals only really feasible if you have
someone on staff throughout the day to let people in. In the past we
have been very trusting (and continue to be) with giving people keys,
but if we plan to increase the number of renters, I am hesitant about
having all sorts of keys out there. I know our landlord would also not
be thrilled with this.
————————————————————
Hi Carla,
Good question. Your goal is to let renters enter and exit on their own. But…you don’t want them to get into your private space. Many studios put a lock on the door of any space renters shouldn’t enter.
However, recognize that if you screen someone decently, it’s pretty rare to have problems. I mean sure, they can steal straps and blocks and stuff like that, but if they are renting with a legitimate purpose, this kind of thing is unlikely. Also, remember, they have left you a deposit, so if anything is missing, they know they are going to pay for it. Basically, the rule is, for things like private files, money, and such, make sure they are locked up. Computers should either be locked up or password-protected (and don’t leave critical data on them if they are in a public area). Big stuff like furniture and props are generally not a concern.
Remember, your renter is responsible for leaving the space as they find it. If you’re not confident about leaving them there alone, you can always have someone hang out during the first couple of times to make sure they’re responsible.
Overall, it works smoothly for most studios who rent space – it’s relatively rare to have theft or damage problems.
Al
Leave a Reply