Churches are increasingly taking advantage of rental income as they are trying to develop a sustainable economic model.
Church buildings are underused and often in locations where there is demand for space. Renting out space can further a church's mission and provide much-needed space 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: it can detract from the mission of the church, be costly to manage, require significant capital costs, and, unless carefully designed and 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.
Designed as a collaborative experience for you and your leadership team to work through together this tool will take you through the following steps so that your church can rent well.
You can access How to Rent Well, along with many other useful resources for congregations and social entrepreneurs, by joining the RootedGood Mycelium Network for just $99/year. Join today!
How to Rent Well is a part of a series of tools from RootedGood helping churches navigate their economic future. You can find it, along with How to Develop Well, What about Taxes, and other tools within our Mycelium Network library of resources.
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