Ep 110: The Paying Tenant Trap: What to Charge for Spare Rooms
About this episode
The episode discusses the financial implications and strategic considerations for practice owners when renting out spare rooms.
Most Practice Owners with a spare room will let someone in before they've worked out what the room is actually worth. The logic is familiar: a paying tenant is better than an empty room. In the short term, it feels true. But below a certain rate, a tenant starts costing you more than the room generates -- in admin time, in blocked space, in the leverage you've quietly handed away. Todd and Sachin call this the keep-open cost, and most Owners don't know where theirs sits. In this episode, they walk through how to calculate it, who actually belongs in a spare room and in what order, and the agreement mistakes that lock Owners into the wrong arrangement for years. What you'll get from this episode: The hierarchy of what belongs in a spare room -- from a GP first down through allied health, and why the order matters Why the allied health tenant who treats your space like a business beats the sessional who comes twice a week Sachin's locked-in mistake: the five-year sublease that handed over front desk services and left no leverage Why Todd watched a $700-800k allied health operation return almost nothing -- and what that taught him about keep-open cost The cosmetic injector scenario…
People in this episode
Hosts: Dr. Sachin Patel, Dr. Todd Cameron
More episodes of Scale My Clinic
- Ep 114: How to Unlock a Practice Your Partners Won't Grow
- Ep 113: Your Crusty Accountant Is Killing Your Exit
- Ep 112: The Cost of Not Yet
- Ep 111: The Chaos Coordinator Badge
Explore listener stats, chart rankings, contacts and more on the Scale My Clinic podcast page.