{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Flex in Five with Mike Kriel","title":"How to handle unexpected expenses in management agreements","html":"","width":"100%","height":180,"duration":606,"description":"A large, unbudgeted expense shows up on your monthly financial package. There's no explanation, no heads up, and when you ask about it, you don't get a straight answer. What do you actually do?\nIn this episode of Flex in Five, Mike Kriel walks building owners through why a surprise expense is almost always an agreement problem before it's an accounting problem, and what language belongs in a management agreement to keep it from happening in the first place.\nWhat you'll learn in this episode:\nWhy expense categories should be built on formulas, not guesses\nThe pre-approval clause that heads off most expense arguments before they start\nWhy the variance report is where a number like this should have been caught\nHow to build a \"what happens if\" into every section of your agreement\nWant to learn more about what it takes to open and run a profitable coworking business, and whether it makes sense for your portfolio? Download The Commercial Landlord’s Guide to Flexible Office Space. It's 50+ pages built for landlords exploring flex:\n\nhttps://launchworkplaces.com/landlords/\n\n---------------------------------------------------------------------------------------------------------------------------\n\nConnect with Mike\nhttps://launchworkplaces.com/ \nhttps://www.linkedin.com/in/mike-kriel-a43994/ \n\n---------------------------------------------------------------------------------------------------------------------------\n\nAbout Flex in Five with Mike Kriel\n\nHow do you make money in the flexible workspace industry? Mike Kriel, CEO of Launch Workplaces, breaks down the opportunities, trends, and strategies that are working right now, in five minutes or less.\n\nHonest and unfiltered, each episode tackles one focused topic, from what's working in coworking to emerging opportunities for commercial landlords, brokers, developers, and operators.\n\nDrawing from real-world experience and conversations across the industry, Mike delivers actionable insights designed to help you grow your...","thumbnail_url":"https://img.transistorcdn.com/ttKRiFAVun6jXTNReW4JYMtCoW1yNwQtmZQDgeflZj4/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8xMTE1/MGYzMmJkZGQ4MjI5/Y2NkZDIxNDI0YzMy/NjNhZi5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}