Does renting out your Pilates studio make sense?

Lesley

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The course

Does renting out your Pilates studio make sense?

Level

Medium
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Duration

57 Minutes

Teacher

Lesley

Should you have renters in your studio? What are the pros and cons of renting your space? Can it be a reliable income stream? How much should you charge? What do you need to put in place? All these questions and so many more to help you decide if you want renters or employees and how to do it correctly so that you don’t find yourself managing a bunch of renters. This is for you even if you think your space is not quite set up yet for renters. Its always good to know your options.

The description

In this course, Lesley Logan discussed the benefits and challenges of renting out a Pilates studio. Drawing from her experience as a renter, employee, and studio owner, she shared valuable insights into managing rental agreements, setting pricing, and evaluating profitability. Lesley emphasized the importance of understanding both perspectives — that of the renter seeking flexibility and the owner aiming for a stable income.

She highlighted key considerations like legal compliance, ensuring proper contracts, and maintaining clear boundaries between owners and renters. Lesley also explained the importance of knowing your financial goals, especially when deciding between employing staff or offering rental opportunities. Through her experiences, she illustrated how different rental models could impact a studio’s success.

Additionally, Lesley advised studio owners to weigh the long-term implications of their choices, including whether they planned to sell the business or sustain it for retirement. She emphasized the importance of creating a mutually beneficial environment where both owners and renters could thrive. This session provided actionable insights for those considering renting their space or becoming renters themselves.

In this course, Lesley Logan discussed the benefits and challenges of renting out a Pilates studio. Drawing from her experience as a renter, employee, and studio owner, she shared valuable insights into managing rental agreements, setting pricing, and evaluating profitability. Lesley emphasized the importance of understanding both perspectives — that of the renter seeking flexibility and the owner aiming for a stable income.

She highlighted key considerations like legal compliance, ensuring proper contracts, and maintaining clear boundaries between owners and renters. Lesley also explained the importance of knowing your financial goals, especially when deciding between employing staff or offering rental opportunities. Through her experiences, she illustrated how different rental models could impact a studio’s success.

Additionally, Lesley advised studio owners to weigh the long-term implications of their choices, including whether they planned to sell the business or sustain it for retirement. She emphasized the importance of creating a mutually beneficial environment where both owners and renters could thrive. This session provided actionable insights for those considering renting their space or becoming renters themselves.

The structure

Lesley

Lesley Logan fell in love with Pilates after her first 100! From side-hustle to full time, she jumped from teacher to manager to running multiple studios. She wrote a book that focused on the business of Pilates, which grew into ProfitablePilates.com and is now a business coaching program called Agency. Take class from LL at OnlinePilatesClasses.com and listen to her podcast at LesleyLogan.co/podcast. When not in Las Vegas she travels, leading workshops and retreats around the world.
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Does renting out your Pilates studio make sense?

Lesley
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