{"podcast":{"title":"Modern Craftsman","slug":"modern-craftsman-1118256","podcast_index_feed_id":1118256,"rss_url":"https://themoderncraftsmanpodcast.libsyn.com/rss","website_url":"https://www.moderncraftsman.co/","image_url":"https://static.libsyn.com/p/assets/d/3/b/0/d3b0f49848d81725a04421dee9605cbd/Modern_Craftsman_podcast.jpg","author":"Modern Craftsman","episode_count":595,"summary":"The Modern Craftsman is a podcast for builders who think beyond the jobsite. Hosted by Nick Schiffer and Tyler Grace, this show explores what it takes to build a better business, a stronger team, and a more sustainable career in the trades. Each episode features real conversations about leadership, project management, client communication, team culture, mental resilience, and long-term success in construction. Whether you're a carpenter scaling your company, a remodeler refining your process, or a builder navigating burnout, you'll find insight, support, and hard-earned lessons from those who've lived it.","last_synced_at":"2026-09-07T08:22:13.243241+00:00","page_url":"https://stenobird.com/podcast/modern-craftsman-1118256"},"episode":{"title":"414 Who Should Carry The Cash Burden In Residential Construction? with Shane Durkin","slug":"414-who-should-carry-the-cash-burden-in-residential-construction-with-shane-durkin","published_at":"2026-08-17T00:00:00+00:00","page_url":"https://stenobird.com/podcast/modern-craftsman-1118256/414-who-should-carry-the-cash-burden-in-residential-construction-with-shane-durkin","show_page_url":"https://stenobird.com/podcast/modern-craftsman-1118256","url":"https://themoderncraftsmanpodcast.libsyn.com/who-should-carry-the-cash-burden-in-residential-construction-with-shane-durkin","audio_url":"https://mgln.ai/e/p3479/traffic.libsyn.com/secure/themoderncraftsmanpodcast/Shane_Durkin_Ledgerwise_Brad_leavitt_Nick_schiffer_Modern_Craftsman_cash_flow_residential_construction.mp3?dest-id=503482","summary":"Nick and Tyler bring Shane Durkin back, with Brad Leavitt joining the conversation, to challenge one of construction's most persistent problems: how project money moves and who should actually carry the financial risk. They get into deposits, escrow accounts, credit card rewards, cost-plus construction, project-level accounting, lien waivers, trade payments, and the hidden complexity that comes from running millions of dollars of client funds through a builder's business. Shane explains how LedgerWise separates project finances into their own accounts while Brad, Nick, and Tyler push on the tradeoffs, risks, and real-world practicality of the model. Ultimately, the conversation asks whether builders should be spending their energy managing cash flow and financial workarounds at all, or whether a simpler system could let them get back to building. From Contractor to Company Workshop: https://www.moderncraftsman.co/workshop-registration Sign up for the Modern Craftsman Community: 👉🏻 MC Community Sign-up Sign up for the newsletter: Newsletter Sign-up Shane's Websites: https://www.buildpatriot.com https://www.ledgerwise.com ShowNotes: Cash Flow Challenges in Construction (0:00) Introduction of Ledgerwise and Construction Accounting (0:39) Discussion on Construction Accounting Models (4:24) Details of the Escrow Model (6:41) Benefits and Challenges of the Escrow Model (6:58) Case Study: Handling Project Cancellations (9:27) Conclusion and Final Thoughts (10:28) Minimum Balance and Client Trust (10:42) Payment Process and Trade Onboarding (11:19) Lien Waivers and Preliminary Notices (11:37) Cost and Revenue Model (74:47) Builder Testimonials and Industry Challenges (79:27) Upcoming Events and Final Thoughts (83:04) Partners: Andersen Windows Harnish Workwear Use code H1025 a…","meta_description":"Nick and Tyler bring Shane Durkin back, with Brad Leavitt joining the conversation, to challenge one of construction's most persistent problems: how proje…","key_points":[],"chapters":[],"topics":[],"duration_seconds":5343,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/modern-craftsman-1118256/episodes/414-who-should-carry-the-cash-burden-in-residential-construction-with-shane-durkin/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/modern-craftsman-1118256/414-who-should-carry-the-cash-burden-in-residential-construction-with-shane-durkin.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}