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I am on a venture to rent rooms to therapist on an hourly basis. Tell me what you think of these rates.

 

HOURLY……………………………………………………………………………………………………$10

 

1/2 DAY (5 HOURS)………………………………………………………………………………………$35

 

FULL DAY (10-12 HRS)……………………………………………………………………………….…$70

 

2 DAYS(weekends)……………………………………………………………..………………………. $125

 

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I think that' s a grand plan. I know someone in Charlotte NC that does the same thing. People who can't afford their own space but who need a nice place to work really go for it. Especially part-time therapists who don't want the expense of maintaining an office.
I think your location will be critical.  What kind of environment are you in?  Urban, suburban, rural, etc...

population about 75k but with surrounding cities it is about 120k. there are more than enough therapists in the area though

Might be difficult to pull off with that population density.  What are the therapists you know saying?  Will they rent from you?

It all depends on them really.  The rates seem good to me.

We will find out but I am not trying make 50k or trying to franchise
@Alexei, although I have permanent staff (ICs) and don't do what Frank is proposing, I keep 6 full time and 2 part time therapists busy in a town of 4,000 people---and the largest county area-wise in NC, total pop about 60,000. It's a good 50 miles from one end of the county to the other. The location does need to be a good visible one with good signage and ample parking.

Hi Frank

I can't comment on the rates as I am in Aust.

One thing to be mindful of when renting room space is making sure you have established what the practitioner is paying for. It can be very easy for miscommunication to occur and bad feelings to result.

What happens if they are a poor image for your business? What rights do you have to discontinue the arrangement?

For instance what equipment is included, table, towels, oil etc. are they allowed to answer the ph and take clients that ring in? Do they want you to supply clients for them? Are they working for you or themselves or under your banner? If they are working for you what are the expectations such as dress code, spending time at the clinic, protocols etc?

A written agreement or contract is a good idea as well. Not so much for the legal perspective but when it is written down everybody knows what the agreement is.

I know this probably sounds over the top but I have seen many situations like this turn sour due to a lack of clear understanding.

Regards

Jeff

Jeff is exactly right. Draw up a contract with what is expected of both parties.

 

Laura,

Just goes to show you what you can achieve with talent and hard work :)

When I'm interviewing potential students for our schools and they ask me about employment prospects, I always tell them that in large part it depends upon them.

Alexei

Laura Allen said:

@Alexei, although I have permanent staff (ICs) and don't do what Frank is proposing, I keep 6 full time and 2 part time therapists busy in a town of 4,000 people---and the largest county area-wise in NC, total pop about 60,000. It's a good 50 miles from one end of the county to the other. The location does need to be a good visible one with good signage and ample parking.

It truly does depend on them. If you are sitting in your office waiting for clients to magically appear, you are going to have a hard row to hoe! I'm glad you're giving them the straight talk instead of making wild claims of instant wealth like so many do!



Alexei Levine said:

Laura,

Just goes to show you what you can achieve with talent and hard work :)

When I'm interviewing potential students for our schools and they ask me about employment prospects, I always tell them that in large part it depends upon them.

Alexei

Laura Allen said:

@Alexei, although I have permanent staff (ICs) and don't do what Frank is proposing, I keep 6 full time and 2 part time therapists busy in a town of 4,000 people---and the largest county area-wise in NC, total pop about 60,000. It's a good 50 miles from one end of the county to the other. The location does need to be a good visible one with good signage and ample parking.

The therapist will not be working for me at all. I will not provide clients. they are soley on their own. They will not be independ contractors under me. They pay me a room fee whenever they need a room. I provide the room and table and that is all. It is for a therapist who has other work or doesnt have many clients at all. They call me when they need a room to use.  So instead of going to your clients home or trying to worry about a place to provide your service, I just rent the rooms as needed. No phones necessary here. I am working on a signed written agreement now.

Agree 100% Laura.

There is no short cut and anyone that says there is run away from them. 

There are lots of strategies you can employ but it requires action and persistence to build a successful practice.

Regards

Jeff

Laura Allen said:

It truly does depend on them. If you are sitting in your office waiting for clients to magically appear, you are going to have a hard row to hoe! I'm glad you're giving them the straight talk instead of making wild claims of instant wealth like so many do!



Alexei Levine said:

Laura,

Just goes to show you what you can achieve with talent and hard work :)

When I'm interviewing potential students for our schools and they ask me about employment prospects, I always tell them that in large part it depends upon them.

Alexei

Laura Allen said:

@Alexei, although I have permanent staff (ICs) and don't do what Frank is proposing, I keep 6 full time and 2 part time therapists busy in a town of 4,000 people---and the largest county area-wise in NC, total pop about 60,000. It's a good 50 miles from one end of the county to the other. The location does need to be a good visible one with good signage and ample parking.

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