Triple Net- A Lucrative Commercial Property for Investors
Triple net is one of the most lucrative investment options today. This is why more and more people are investing their money and are buying houses and apartments to make quick ROI.
Even though triple net properties were badly affected by the 2007 recession. The US economy is still recovering from the economic crisis and will most likely improve in the years to come. Researchers agree that the recent recession was the cause of the collapse of the housing market there and led bank failures in the US and Europe. Record high oil prices are mentioned as a reason for this worldwide economic slowdown. However, things have improved a lot now and housing market is once again witnessing huge growth in the United States. Many people are making NNN investments and getting good returns. Investors are now buying properties not to occupy them, but to rent them for profit.
There are many benefits of investing your money in triple net leases. One of the main reasons why people purchase them is that they are a long-term and secure investment product. They generally last for 20 to 40 years. They are a way of earning fixed income for investors. The best thing about these properties is that they are easy to sell and manage. This is why there are always in huge demand. Banks readily agree to finance such properties and thus investors do not have to worry about the cash to purchase them. They are really a safe investing option and will for sure bring you bigger profits.
The responsibility of the owner has no responsibility of maintaining and managing NNN properties. He has to just collect the payment from the lessee or tenant. The tenant will handle the task of repair and maintenance of the building. He will repair the roof, remove all trash, clean and repair the parking lot, stripe the parking lot, maintain the landscaping, take care of plumbing problems, pay for all electricity and pay property taxes, income taxes. The tenant or lessee will also be responsible for handling insurance on the property. Thus, triple net investments are easy to manage for landlords. This is why the importance of such properties is growing day by day not only in the US, but also all over the word.
When it comes to investing your hard-earned money, there are plenty of NNN deals. But make sure you thoroughly inspect the house or the apartment. Ensure that it is in good condition and does not need any repair. While lease your building, be sure to give it someone who has good credit history, because if you rent it to a tenant who is under financial crisis, he will not pay your rent on time plus he may not take care of repair and maintenance task desired from him. It is always better to consult a property lawyer, as he will protect you from making bad real estate investment decisions. To know more about the latest triple net lease products in the market, visit some reputable property sites and get details.
Khurshid Ahmad is an experienced content writer at nnndeals.com and provides investors as well as real estate developers information about NNN investments. He has written many articles on NNN properties in recent months.
Processing your request, Please wait....
