What building owners say matters most in a management agreement
From Flex in Five with Mike Kriel · 2:27
Show by Mike Kriel
Launch Workplaces just closed a new management agreement, and the deal confirmed something Mike has been seeing more and more from building owners: flexibility is the thing they're asking for first. Not return, not capital outlay, not operator track record. Flexibility.In this episode of Flex in Five, Mike Kriel breaks down the conversation that shaped the deal, what flexibility actually meant for this particular owner, and the specific structure Launch and the owner landed on in a single draft.What you'll learn in this episode:Why building owners are leading negotiations with flexibility right nowHow "flexibility" at the management agreement level comes down to the exitThe specific deal structure Launch landed on: five-year initial term, automatic renewals, and a termination clause with a diminishing feeWhy return and cost of capital weren't this owner's top concernHow to tell your operator what matters most to you before you start negotiating anything elseWant to learn more about how management agreements work and what to look for as a building owner? Download The Commercial Landlord's Guide to Flexible Office Space. It's 50+ pages built for landlords exploring flex:https://launchworkplaces.com/landlordsYou can also connect with Mike on LinkedIn to talk through your specific situation.---------------------------------------------------------------------------------------------------------------------------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 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/
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