There are many benefits to owning a single, double or triple net (“NNN”) leases. One of the most significant benefits is passing on the burden of operating the property to the tenant. In most NNN Leases the tenant makes the repairs, pays the taxes, deals with the issues on-site etc… Because so many responsibilities have been shifted to the tenant, there is a temptation for the property owner to merely wait for the check each month and leave the headaches to the tenant. We believe that this approach is a mistake because there are many issues that need to be reviewed on a regular basis to protect your investment. Below, we have identified some issues for the owner of a property with a NNN lease to consider, but sometimes fail to do so with dire consequences:
To ensure that your property is given the attention it deserves, a member of Rialto’s management is always available 24/7 to address any issues or problems that may arise.
We are happy to meet with you to discuss the services and how we can work with you in the future.