Tips to help you maintain an NNN property for sale

Tips to help you maintain an NNN property for sale

Triple net properties, commonly known as NNN properties, are commercial premises leased under conditions that differ from other lease agreements. The tenant is responsible to pay all expenses related to the premises, including insurance, property tax, and maintenance of the property.

These kinds of properties are unique because as an investor, you are not responsible for any expenses or management. If you’re looking for NNN properties for sale, searching online is the best option. Here are some things to consider while looking for NNN properties for sale:

  • Quality of the tenant
    Well-reputed and large franchise chains like McDonald’s, Dunkin Donuts, or Starbucks are desirable as tenants. When the property is leased to such tenants, there is almost zero possibility of default in the timely payment of the lease.
  • Location of the property
    A tenant with a strong credit history and financial background is desirable, and if you do not choose the right location, you may find it difficult to re-lease the property in case the existing tenant vacates it. So, ensure that the chosen property is located in a neighborhood that makes it accessible to and desirable among tenants.
  • Market awareness
    It is recommended you choose NNN properties for sale located in a market that you’re well aware of. Also, analyzing the market for factors like demographic profile, potential traffic, and estimated growth in population is advisable. Do not hesitate to spend time in research and collect maximum information about the market before making a decision.
  • Lease structure
    Investing in triple net properties is a source of secondary income, so you must ensure that it is an absolute NNN lease. The lease deed must specify that the owner does not have to pay any taxes or any form of building maintenance expenses. If you are buying a pre-leased property, procure a copy of the lease agreement and review the terms and conditions to evaluate the liabilities of both the parties, that is, the landlord and the tenant.
  • Lease period
    The primary objective of investing in NNN properties is to earn additional income through rent. You need to check the balance period under the lease agreement as your income depends on it. Also, the re-lease costs are high, which means you need to invest more while leasing the property after the current lease expires. So, it is recommended to opt for properties that have long-term agreements to earn more income.

Pros of NNN properties

  • As an owner, you don’t have to incur additional expenses toward maintenance, insurance, and taxes
  • Such investments provide a steady flow of secondary income
  • For tenants, NNN lease offers greater property control without owning it
  • They are a cost-effective option for tenants as the rent for NNN properties is lower

Cons of NNN properties

  • Tenants have to incur more expenses over and above the base rent
  • Tenants may have to pay certain unexpected inconsistent expenses due to damage and repairs

NNN properties for sale are excellent investments, but it is recommended you take assistance from a skilled and experienced professional for maximum benefits.

Popular Reads

All you need to know about kidney and liver failure

Hepatorenal syndrome is a condition that is identified as a type of kidney failure that occurs in people who have serious damage caused to the liver, commonly due to cirrhosis. When the kidney stops functioning, toxins begin to accumulate in the body which leads to liver failure as well. Therefore, kidney and liver failures are co-dependent in this case. This condition is of two types: 1 and 2. In Type 1 the kidney failure is more rapid, while type 2 patients tend to move gradually toward renal failure and the symptoms are less aggressive. Symptoms The symptoms caused by the hepatorenal syndrome are a cause of medical emergency in most cases. If any of the symptoms associated with the condition occur, the patient must be rushed to a doctor without any delay. The common symptoms associated with the condition include Nausea Increase in body weight Confusion Reduced urination Change in the color of urine, which usually becomes dark-colored Swelling in the abdomen area Jaundice Dementia Vomiting Delirium Causes and risk factors In most cases, the hepatorenal syndrome is a complication associated with liver disease. Almost in all patients, the condition is caused as a result of liver cirrhosis. When a person suffers from cirrhosis of the liver, there are several factors that can cause the hepatorenal syndrome, such as Infections, especially the ones that affect the kidneys Digestive tract disorders such as gastrointestinal bleeding Use of diuretics, the substance used for increased production of urine The primary reason behind the condition is mostly any kind of disease related to the liver.
health

Symptoms, causes, and risk factors of mental health issues

Mental health is a term that is collectively used to understand illnesses that include symptoms that might have an impact on the thinking, mood, and behavior of a person. Mental health problems might make it difficult for people to concentrate on work or maintain a positive work-life balance. There might even be problems pertaining to relationships when a person is dealing with mental health problems. While mental health and stress have a complex but definite relationship, the latter can gravely be worsened by the former. What is the solution? While some people resort to counseling for mental health problems, some might turn to medication. A combination of both can also be a good and effective solution for some. Symptoms of mental health problems The symptoms of mental health illness can vary depending on the individual, the depth of the problem, and how a person is looking to cope with the problem. There can be emotional and behavioral repercussions of mental health illness, and the best way to cure is to identify it early on and support the person suffering from mental health issues as well as possible. Some of the known symptoms of mental health illnesses include: Feeling sad or low Inability to concentrate on the job or even on leisure activities like watching TV or reading the newspaper Extreme feeling of guilt Irrational fears or worries, especially about the future Mood swings Withdrawal from family, friends, and all sorts of social activities Detachment from the real world and a sense of delusion or hallucinations Inability to keep up with daily tasks or powerlessness in handling the stress of simple jobs Difficulty in understanding people and situations Excessive alcohol use Sudden change in eating habits Change in sex drive for the worse Change in temperament and sudden hostile behavior and loss of patience Suicidal thoughts Physical symptoms such as stomach ache, back pain, and headaches Causes of mental health problems Multiple causes can be associated with the occurrence of mental health illnesses.
health