Opti Space Blog

Sharing an office space can be a great way to cover overheads and even create a profit. 

Especially in this day and age, a lot of businesses are facing a new reality, the new hybrid work model where employees are working from home at least few days a week. Professionals that used to have face to face appointments, reduced number of appointments or they transferred a part of their business online. Their business spaces are often empty and renting them out is one of the best solutions, even if it’s only for an hour at a time, a few hours, or a week. 

However, a lot of them are reluctant to share their space with others simply because they know how much work and time it requires.

Just imagine what you would need to do to get renters and also ensure smooth managing and administrative processes. You would need to build a website, make several phone calls, answer tons of emails, and maybe even spend some money on advertising. Also, billing your renters would take up so much of your time. Honestly, dynamically sharing one office space with more than three people can become extremely complicated.

Let’s face it, most space owners don’t want to become administrators for others. They want to focus on their clients, do the job they love, and grow their business.

The good news is that it’s possible to do both! You can focus on your business and rent out your space without wasting your precious time. The solution is a software system that automates the sharing or short term renting of spaces. The Opti.Space platform is a big game-changer in the shared use of business space. We created it because we understand the challenges and opportunities in renting out office spaces.

We thought about everything. This software enables sharing different types of office spaces (private office, meeting room, desk or therapy room) and among as many others as the owner wants.  

The best thing about this platform is that it provides an excellent user experience. It’s easy to learn and understand, and it won’t take up a lot of your time. 

You won’t have to worry about dealing with reservations of space because they are automated and synced with calendars and information about space availability. Cancellations are also automated. Also, we have a unique closed ecosystem of reservations and users. Once a business space is fully booked by an existing circle of customers, it can go into “invisible mode” for others but current users continue to use it in our system.

Billing is also managed automatically, either monthly or immediately, therefore customers don’t have to manually prepare billing for every time they use the space.

All you have to do is create a profile of your office space, write a detailed description, and some general information (how to access it, where to get the key…), upload attractive photographs of your space, and decide on a competitive price.

After that, your only duty is to share the available dates and hours. 

The rest is taking care of it. Soon you will get new customers and your space will start creating income or even profit. 

You will still use your space every time you want but at the same time, you will get rid of some financial burden.

We assure you, Opti.Space is a great platform that will help you populate your office space with some fantastic guests. 

Do you have a therapy room that you’re not using regularly? Make it earn money for you!

In the last year, many businesses have moved their meetings online, and a lot of therapists are feeling stressed as the coronavirus pandemic decreased the demand for their services. As a result, therapy rooms are often empty, but fixed costs still have to be paid, which often leads to financial distress. Fortunately, there is a very effective solution to avoid these kinds of worries.

You can offer your therapy space to other therapists and counselors when you are not using it yourself. You can opt for an hour, a day, or a week.

Finding customers won’t waste a lot of valuable time if you use the Opti.Space platform. It provides an automated system that includes calendar, space availability, confirmations, cancellations, and other key information. In fact, Opti.Space removes the need to have to deal with the organizational and managerial processes, therefore you are able to focus on your business.

OUR CLIENT’S REMARKABLE SUCCESS STORY

Renting out your therapy room can help you generate revenue very quickly, which can be confirmed by many of our clients. One of them experienced a breakthrough in the second month of co-sharing their well-being space, as they covered all costs and even made a profit. Since then, they generated a profit of 300 euros a month and the profit it getting bigger each month.

Why is sharing the room the best way to make profits?

For example, let’s look at a therapy room in Ljubljana, which the provider markets for € 260 a month.

If they rent it out for only 2 hours a day and charge € 7 per hour (which is a competitive price), they earn € 70 per week and € 280 per month.

If they rent out his space for 4 hours a day, the room is making them € 560 of income per month. In this calculation, we only considered working days, and we all know that therapies and counseling are also provided on weekends.

The advantage of sharing space is also the fact that if one customer cancels their hourly lease, you lose € 7, but if you rent to only one

subtenant for a whole month, you would risk losing a full month’s rent.

You too can experience such success, but first, you need to convince the customers that your well-being space is exactly what they need.

Here are some amazing tips:

NICE AND SUITABLE EQUIPMENT IS EXTREMELY IMPORTANT

You will definitely get more inquiries if you ensure them a tidy and beautiful therapy room. Make sure the furniture is clean and preserved. It should be evident that the furniture is intended for therapists and counselors. It is desirable that the therapy room contains a sofa or armchair with a table, cupboards, drawers, flowers, and a few nice elements, that will make the room even more attractive. With small changes and adorable details, you can create a beautiful and comfortable space that your tenants will enjoy. Also, you will have an advantage over others if the room includes a massage table, or at least offers enough space for it.

TAKE BEAUTIFUL PHOTOS OF YOUR THERAPY ROOM

It is extremely important to use quality photos of your space, otherwise your customers will lose interest. Make sure that all the advantages of the room are visible in the photo. We suggest that you add a bouquet or a nice decoration to let your customers know that their opinion and comfort are important to you. We buy with our eyes; therefore, the photographs must be beautiful and realistic.

THE DESCRIPTION OF THE SPACE MUST BE DETAILED

When describing your therapy room, be precise so that customers know exactly what it has to offer. Highlight its benefits and features and describe all the purposes for which it can be used. Include all the important information you think they need to know. Describe in detail how the customer can get to the therapy room location the quickest, which public transport they can use, and what are the parking options. Honesty will definitely be rewarded.

DECIDE ON A GOOD AND COMPETITIVE PRICE

Price plays an extremely important role when it comes to renting out a therapy room. Explore the market and decide on a competitive price. If it is too high, you will immediately drive away from most customers. Let it be auspicious to fill most or even all vacancies in your therapy room and make a profit. If you set a lower price, you can generate high revenue. On the other hand, an empty room can’t work for you.

SIMPLIFY YOUR LOGISTICS

Make things easy for your customers. Write them simple instructions and make sure the keys and other necessary things are available whenever they need them. We suggest you make a new set of keys for customers. The cost of production can be borne by the customer, but it is very important that you inform them at the first meeting. Also, include this agreement in the contract for the use of space. However, you can also charge a deposit for the keys.

If customers have a good experience with no complications, it is likely they will return. We also recommend that you bill your regulars on a monthly basis.

Never underestimate authenticity and kindness. In a very short time, the whole process will become a simple routine.

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When you hear the words »rent out« and »space sharing«, you probably think of coworking spaces, where freelancer can rent offices or spaces. Probably you think that those have to be some special kind of spaces that are being rented out.

Exactly now is the time where flexibility has become even more important, companies and entrepreneurs have to change the way they think and adapt tu the current circumstances.

Maybe also your business is greatly affected by the current crisis and you have to find a way not to let your offices and spaces stand empty. It might be that many of your employees are working from home which means that a lot of spaces and offices, which have been previously used on a daily basis, are now empty. But the costs for rent or maintanance remain. What could one do to bring those spaces alive again and to make sure the costs are covered, or even making profit? 
There are many experts whose work relies on one on one sessions, like therapists, coaches or consultants. They are working remotely online now, but they will want to return to those individual sessions as soon as the situation improves. Because a part of their work will still be done online, they will not want to commit and rent or purchase whole offices or therapy rooms. The idea of space sharing therefore gains a lot of sympathy, because you need to pay the space really only when you need and use it. This saves costs for the tenant and also enables the landlord a flexible renting strategy, where there is no need to commit to just one client, but instead the empty spaces can be utilized to the maximum with the help of space sharing.  
The offices and spaces, which are now not being used and which due to a modified work process organization might not be used as much as before in the future, can bring you quite some income. The important thing is that you need to think about the needs of your potential tenants and adapt your spaces to them. This means that if you want to successfully rent out your spaces and offices, you need to think about all the furniture and equipment that for example a therapist would need, or the atmosphere that would be needed for a cozy and pleasant session, without noise or other disruptions. 
Opti.Space enables flexibility to utilize your spaces to the maximum and still use them when you need them. Instead of renting your offices out to just one client, you can rent them out per hour or per week, which doesn’t bring you only additional income but also minimizes the potential loss of last minute cancellations. This way you can put your available office or space quickly online and enable last minute bookings. Opti.Space offers a simple renting out process and a perfectly maximized use of your offices and spaces.