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Triple Net Leases – Property Investors Best Kept Secret
Triple Net properties are one of the least known, yet most beneficial
property investments in the real estate market today. A triple net
property is a real estate investment property that is leased out under a
triple net lease. A triple net lease is a lease on a commercial
property, where the tenant pays not only a fixed rent, but also pays
property taxes, insurance and all maintenance and operational expenses.
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This makes the triple net property a
great investment, especially for retirees who do not want to, or are
not able to maintain the property. Basically all a landlord of a
triple net lease has to do is collect the lease payment, inspect the
property and set the guidelines as to what the tenant is allowed to
do. Most tenants of a triple net property are allowed to renovate
the property to suit their needs. However, all the coordination of
the renovations and the expenses involved are paid by the tenant.
With commercial real estate continually being a solid investment, a
triple net lease is a very attractive option. No longer does the
owner have to deal with the day to day expenses and labor involved
in managing a property, yet is still able to reap the benefits of
increased equity with rising property values. The triple net
property truly becomes a “hands off” investment that provides
residual income, while simultaneously increasing net worth. If you
currently have an investment property that is not viable as a triple
net property, it is not too late to find a new one and take
advantage of the triple net lease. In fact under internal revenue
code 1031, it is easy and affordable. The 1031 code allows an owner
of a property to purchase a new investment property with the
proceeds from the sale of their existing property, without paying
any capital gains taxes. To take advantage of this, and purchase a
triple net property, you need to identify the new triple net
property within 45 days of the closing of your existing property and
close on the new triple net property within 180 days of the closing
of your existing property. This makes flipping you current
investment property into a triple net property very feasible. There
are many triple net properties available and many real estate firms
who specialize in triple net properties that can help you.
Check with a local commercial real estate agent or simply run a
search for triple net properties on the web and you can get started.
With triple net leases being the ideal option for many major
retailers located in shopping malls, strip malls and stand alone
locations, you needn’t worry about finding a tenant for in a high
traffic, good commercial location. Find the right location, the
right deal and the right tenant and start reaping the benefits of
real estate investor’s best kept secret – the triple net property.......
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Triple Net Leases – Property Investors Best Kept Secret...read
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