I have the best landlord in the world.

Pure accident that I came here, but, I have gotten such a good deal from 
him wrt rent, he put ads in a local magazine for all of us in the 
building, he takes the time to come in and chat, offers encouragement, 
fixes the little things that go wrong that my handyman skills can't fix, 
etc etc.

I help him with his computer occasionally, take in his oversized mail, 
let him hold meetings here, etc etc.

What he also gets are people coming in his building that normally would 
not, and he knows that these folks are potential customers once they 
leave the TVO.  It is telling that in these rough times only one office 
in this building is empty....and I want it....can't get it, but....maybe...

Mike


On 12/22/2009 1:02 PM, Tom S. wrote:
> Hi everyone!
>
> Has anyone leased their space using a revenue-sharing concept with
> their landlord or is everyone on a standard term lease?  It seems
> apparent that every coworking space needs some time to get to that
> break-even point, so instead of getting into too deep of a financial
> hole, we have thought about offering our landlord a percentage of our
> revenue.  If we reach our max capacity, then we will be able to pay
> 10% over the current market rent, but at the same time, as we grow to
> that point, we will not be saddled with a growing amount of debt or
> dipping into our own wallets as much.  It would seem in today's tough
> market, landlords would be willing to receive something instead of
> nothing especially if there is an opportunity of extra profit on the
> other end.  Just a thought....
>
> Tom from Savannah
>
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>    

-- 
Mike Pihlman
TracyVirtualOffice
"A Coworking Community"
95 W. 11th Street, Suite 203
Tracy, CA 95376
Mobile: 209-608-4340
Web: TracyVirtualOffice.com
Twitter: @TracyVirtOffice
Skype:  tracyvirtualoffice1


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