There are various options for studio renters to make money. Here are some suggestions:

Rent out your studio space: If your studio has excess room, you can make money by renting it to other musicians or artists that need a place to work. Depending on the terms of your agreement, you may bill them on a monthly or hourly basis.

Teach classes or workshops: You can hold classes or workshops in your studio if you have a particular talent or area of expertise. For instance, if you’re a painter, you may teach beginning or advanced students how to paint.

Work together with other artists to create new chances and gain more visibility. Think of collaborating with other artists to produce collaborative works or performances.