this post was submitted on 23 Nov 2023
1 points (100.0% liked)
Entrepreneur
0 readers
1 users here now
Rules
- No Personal Attacks - criticism of ideas is allowed, attacking people is not.
- Self Posts Only - links can only provide supplementary material. Your post must contain enough content to have a discussion.
- No “How To Get Rich Quick” posts - This community is not about making a quick buck. Posts asking the community how to make $X, without making specific reference to a reasonable idea, are not tolerated.
- Avoid unprofessional communication - Please treat fellow entrepreneurs like respected coworkers, label conversations if NSFW and avoid deliberate provocations.
Please feel free to provide evidence-based best practices, share a micro-victory, discuss strategy and concepts with a frame work, ask for feedback, and create professional conversation. Treat every post as if you're at work and representing the best version of yourself.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Triple net lease that sucker.
I like the way you roll.
These guys have the answer
Anybody that actually signs a NNN is a fcuking idiot and their business should fail because of it.
Do you prefer if taxes and insurance are included in a higher base rent instead of a lower base rent with taxes and insurance billed separately ?
Think most people prefer an all in price hence the hate for NNN
What’s that?
Triple net is where the tenant not only pays rent, but also pays for maintenance and taxes on the property.
Furnace breaks? Roof leaks? Pipes freeze?
Are all the tenant's problem, not the landlords.
Property taxes increase? Tenant's problem. At least until the tenant moves out, then it becomes the landlords problem until they can find another tenant.
These are generally true of a triple net lease, but can be negotiated to just about any arrangement in a commercial lease.
A lot of NNN leases the owner will still pay for the roof and other structural repairs. The building is still the owner's asset and tenants have no motivation to keep the property value as high as possible.
Sure, but sometimes both entities have the same owner and are separated for liability purposes.
It all depends on the two (or more) business entities and what they are willing to negotiate.
Triples is best, triples makes it safe
Triple is the way
Triple all day.
Hot ticket triple nets. Dollar stores, vet clinics, urgent care, logistics warehouses for construction companies.