Flex in Five with Mike Kriel

Not every management agreement with a flex operator has to be a 10-year deal. In this episode of Flex in Five, Mike Kriel breaks down why shorter-term agreements (24, 36, or 48 months) can be the right fit for landlords trying to fill a vacancy gap, reposition a building, or bridge a transition.

What you'll learn in this episode:
  • Why the 10-year assumption is costing landlords real opportunities
  • How to talk to operators about shorter timelines without losing leverage
  • Why automatic extensions protect both sides of the deal
  • How to get your internal team aligned before you reach out
Want to go deeper? The Commercial Landlord's Guide to Flex is 50+ pages of insight from both the operator and landlord sides. 

Grab it at https://launchworkplaces.com/landlords

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Connect with Mike
https://launchworkplaces.com/ 
https://www.linkedin.com/in/mike-kriel-a43994/ 

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About Flex in Five with Mike Kriel

How 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 across the industry, Mike delivers actionable insights designed to help you grow your piece of the pie in this ever-evolving market. 

🔔 Hit subscribe to make sure you don't miss an episode.

Want to learn more about how to add a profitable coworking operation to your building? Download our free eBook: https://launchworkplaces.com/landlords/

Creators and Guests

Host
Mike Kriel
Mike has been in the world of commercial real estate for decades, meaning he’s worked on both sides of the management agreement. After an extensive career with The Brick Companies, Mike was named CEO of Launch Workplaces in 2014. In that role, he set out to build flexible workspaces in Brick-owned properties as an innovative means to solve problems by filling vacant buildings. Mike’s formula proved to be a success. And since then, Launch Workplaces has evolved under his guidance, growing to offer its managed model to commercial property owners across multiple states. Fueled by his love for the commercial real estate world and his passion for building and leading Launch Workplaces, Mike acquired the business from The Brick Companies in 2021. Since 2020, Launch Workplaces has taken over management of and salvaged numerous locations that were set to close and continues to expand with locations in DC, Cleveland, and beyond.

What is Flex in Five with Mike Kriel?

How 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 across the industry, Mike delivers actionable insights designed to help you grow your piece of the pie in this ever-evolving market.