Re: [Coworking] Landlord Owner/Operator as Manager

[Joshua Webb]

be very careful giving ownership of your concept blood sweat and tears to a
building owners who pure motivations is to fill space by what ever means
necessary.

There are others ways to do this. For instance. Do a Percentage Lease with
TI Allowances. A percentage lease keeps you in the drivers seat as the
owner of the concept but splits the Net reveues with your landlord. So as
you grow his rent grows. I highly suggest puting in a cap so that he does
not make more that what the space is work. Unless you are asking for a lot
of build out then you can add in some ROI for that for him as well. Just so
they can get their money back.
Doing a percentage lease also can allow you to take more space than you can
afford right off. Find a building in a area of town that is good but that
the building is quite empty. This owner is going to be more likly to play
ball since he needs to fill his building. Also if the building is a high
rise tell him that as your members grow they will need more space and will
become his tenants. You are not only filling space for him you are a feeder
for his building.

All in all there are a ways to do this so that you are not giving up
control of your community concept to someone else just for money.

*J**oshua Webb*

*Chief Growth Antagonist*jos...@growthli.com   *844-455-GROW <18444554769> *
*(**4769)*   *Growthli.com* 


On Fri, Jul 6, 2018 at 12:25 PM,  wrote:

> Hi group! I've been following all of your great questions and advice for a
> bit now. Thanks so much!
> My business partner and I are still in the "planning and searching for a
> space" phase. Still so much to learn!
> Since we do not have a large amount of capital to put in this business we
> are looking at all the options.
> Has anyone entered into an agreement with a landlord where they are the
> owner and you are the operator/manager? Is it traditionally known by
> another term? We keep hearing about such arrangements but would love to
> hear about a specific example and what kind of terms might be acceptable.
> You can read about the reference to the concept here (the second option in
> the article): https://www.globalworkspace.org/2016/03/
> three-ways-to-run-a-coworking-space-without-signing-a-lease/
>
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Re: [Coworking] Landlord Owner/Operator as Manager

[Jerome Chang]

One key word that you can use that’s standard in the real estate world:
- “rev share”. This is common for retail stores inside malls. The more 
you earn, the more rent you pay.
Another is like the hotel industry, where a hotel brand/operator might…
- have a minority ownership stake in the building, but this requires 
the hotel to invest some $.
- win a bid to operate a hotel b/c the developer wanted a hotel from 
the start.

So here’s the main difference b/w hotels and coworking: developers want a hotel 
from the start, so they need an operator. Office developers mostly don’t want 
coworking initially, but now are considering it, which is more of a fix for 
their vacancy or rental income after the fact rather than initially.

Good luck!


JEROME CHANG <>

talk to us: (323) 330-9505 <>
chat w/ us:  <>http://www.BLANKSPACES.com/chat 

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SOUTH: Long Beach <> |  <>309 Pine Ave (@Broadway) - opening Summer 2018

> On Jul 6, 2018, at 10:25 AM, nanette.mat...@gmail.com wrote:
> 
> Hi group! I've been following all of your great questions and advice for a 
> bit now. Thanks so much!
> My business partner and I are still in the "planning and searching for a 
> space" phase. Still so much to learn! 
> Since we do not have a large amount of capital to put in this business we are 
> looking at all the options. 
> Has anyone entered into an agreement with a landlord where they are the owner 
> and you are the operator/manager? Is it traditionally known by another term? 
> We keep hearing about such arrangements but would love to hear about a 
> specific example and what kind of terms might be acceptable.
> You can read about the reference to the concept here (the second option in 
> the article): 
> https://www.globalworkspace.org/2016/03/three-ways-to-run-a-coworking-space-without-signing-a-lease/
> 
> 
> -- 
> You received this message because you are subscribed to the Google Groups 
> "Coworking" group.
> To unsubscribe from this group and stop receiving emails from it, send an 
> email to coworking+unsubscr...@googlegroups.com 
> .
> For more options, visit https://groups.google.com/d/optout 
> .

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[Coworking] Landlord Owner/Operator as Manager

[nanette . mattox]

Hi group! I've been following all of your great questions and advice for a 
bit now. Thanks so much!
My business partner and I are still in the "planning and searching for a 
space" phase. Still so much to learn! 
Since we do not have a large amount of capital to put in this business we 
are looking at all the options. 
Has anyone entered into an agreement with a landlord where they are the 
owner and you are the operator/manager? Is it traditionally known by 
another term? We keep hearing about such arrangements but would love to 
hear about a specific example and what kind of terms might be acceptable.
You can read about the reference to the concept here (the second option in 
the 
article): 
https://www.globalworkspace.org/2016/03/three-ways-to-run-a-coworking-space-without-signing-a-lease/

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[Coworking] Re: How to get your first tenants?

[Nicolas Kint]

Hi Susiana,

While I agree with Joshua, what I've learned is the following:

In order to create that close knit community, you should keep naming your 
ideal customers to prospects, even though they have not signed. Imagine 
you're in LA, dropping names of big studio's showing "strong interest" in 
your space, will do wonders for convincing entrepreneurs and freelancers 
sign up.

Not everyone is made to do this job though. You could hire a specialist 
agency and sign them as exclusive leasing agent for f.e. 4 months. An 
example of such a agency in Paris: www.hub-grade.com.

Last but not least, try to put a process in place from day one. You want to 
capture and structure feedback from every conversation you have. This is 
where a CRM comes in. There is many out there, pick a platform which is 
simple to use, and could easily scale with you when you're growing. I've 
seen people use Capsule, Nutshell or Pipedrive. If you're looking for a 
specialised solution, take a look at www.getrialto.com (of which I'm the 
founder).


On Thursday, July 5, 2018 at 9:47:56 PM UTC+2, Crystal Susiana wrote:
>
> Hi everyone!
>
> Me and my team is on our way to creating a co-working space, and it will 
> be the most affordable co-working space in our country.
>
> I have some questions in order to start the business running. I am curious 
> on how to score our first tenants for the co-working space, and that's the 
> question I want to ask you. How did you get your first tenants? Which media 
> did you approach during your early days of maintaining a co-working space 
> to get your first sign-ups? And if you did opening events, what kind of 
> opening events did you do? How did you get to the point that you were going 
> to do that certain kind of event?
>
> Looking forward to reading your answers!
>

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