How to Rent Well
Renting space in a church building can further mission and generate revenue. But it can also cost money and detract from purpose. This collaborative tool will lead you through a series of steps that will help you create, or improve, your rental process.
THIS DOWNLOAD IS ONLY INTENDED FOR USE BY ONE INDIVIDUAL OR CHURCH. Contact us to purchase for use with multiple churches, in a judicatory, in consulting or teaching, or with a larger audience.
Renting out space can further a church's mission and provide a much-needed home for community organizations and businesses. At its best rental income can both fulfill aspects of the mission of the church and bring in much-needed income. However, there are challenges with developing a rental model: if not done well it can detract from the mission of the church, require significant capital costs, and, unless effectively managed, can easily cost more money than it generates. This tool will help you learn how to build a rental model that works both for your mission and your money by guiding you through the following steps:
Part 1
- A money and mission alignment framework to guide the process
- Case studies in rental approaches - what works well and what doesn’t
- An audit of your space to determine what will work best for rental
- Prepare to develop your property into affordable housing or something else?
- Testing to confirm if there is demand for rental space in your location
Part 2
- True cost analysis to determine what renting out space will actually cost
- A rubric to evaluate potential renters based on money and mission alignment
- A list of important aspects to consider when renting such as taxation, leases, staffing, etc.
- Bringing the congregation along when your church rents out space