What is a Triple Net Lease?
I’m sure by now you know that I am a huge fan of Triple Net Leases for commercial Real Estate investing. You can actually use a triple net lease for any type of real estate investing. Everyone out there has heard horror stories from people who have been harassed by their tenants. I’m really no different. I actually had one tenant complain to me about the way the bathroom window was opening.
Now however I’m prepared. A Triple Net Lease completely eliminates the stress of dealing with all of the maintenance issues. Additionally, if leased to the right clients, you don’t have to worry about getting paid either. Triple Net Leases are so favorable for the real estate investor they have sometimes been called a “hell or high water lease.” Meaning, come hell or high water, the tenant is responsible.
Of course, getting involved in a triple net lease involves a lot of resources. This is why my business partner and I wrote this book. We saw how great these leases were, yet people were not pursuing them because of the sophistication required.
In summary, we continue to believe in the triple net lease way of real estate investing.
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