{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Flex in Five with Mike Kriel","title":"The one moment when most management agreements die","html":"","width":"100%","height":180,"duration":366,"description":"In 13 years of opening coworking locations, Mike's seen one thing kill more deals than anything else. It's not the agreement. It's what happens after you sign one.There's a void between picking an operator and opening your space, and that void is where most landlords get caught off guard:What does it cost to get your space to the operator's standard? How long will it take? What return can you actually expect once it's done?The way to work through it is to walk the space together, office by office, wall by wall. Ownership prices out the work. The operator builds a pro forma based on the same walkthrough. Then you put both numbers together and ask the honest question: Is this worth doing?Most of the time, the capital requirement is a fraction of a market deal. But the ones that fall apart are always the same story: expectations that were never grounded in reality, discovered too late to do anything about it.If you want to learn more about how management agreements work and what to look for as a building owner, download our Commercial Landlord's Guide to Flexible Office Space. It's 50+ pages built for landlords exploring flex:https://launchworkplaces.com/landlords/---------------------------------------------------------------------------------------------------------------------------Connect with Mikehttps://launchworkplaces.com/ https://www.linkedin.com/in/mike-kriel-a43994/ ---------------------------------------------------------------------------------------------------------------------------About Flex in Five with Mike KrielHow 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.Honest and unfiltered, each episode tackles one focused topic, from what's working in coworking to emerging opportunities for commercial landlords, brokers, developers, and operators.Drawing from real-world experience and conversations...","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}