Investing in real estate offers huge opportunities. But most of the time, it can be not easy to get tenants to rent your houses. To avoid the stress of having to look for tenants, you should let the tenant pay some of the expenses such as maintained fee, insurance and property taxes. When you get into such an agreement, the tenants will benefit from having to pay less rent and also you will not have to struggle with empty houses. The article highlights some of the benefits of using the triple net lease.
Minimal Management
As a landlord, it is your duty to manage the house. But in the case where the tenant will take care of the building maintenance, insurance and property taxes, there is less work left for you. The only thing left for you is bookkeeping. Thus, you will have more time for yourself and still be earning. For those who have a full-time job, investing in this business will give you space to do your work and keep earning.
Stable Cash Flow
When you are thinking of investing, your first thought is cash flow. Thus, when you enter into triple net lease, you can be guaranteed a maximum cash flow for at least 10 years. The agreement you put between you and your tenant will last for a minimum number of ten years, and in this time you will be receiving your cash. You will also not struggle to look for new tenants every year and have to deal with vacant rooms.
The Low Entry Price Point
Single-tenant properties are more affordable compared to other types of properties. Thus, as an investor, you can buy the property at an affordable price, obtain a tenant, and start earning as soon as possible. Therefore, if you want value for your money, get into real estate and get into an agreement with your tent to start earning.
Conclusion
Making investments is paramount, and if you do it right, you will get returns for your investment. In case you choose to invest in the real estate business, you can be assured you will get value for your money. Thus, this is the reason you have to see to it you have found a suitable expert to help you manage the venture. If you handle the project right, the possibilities of getting any issues are less. With the leasing option, you will get returns without straining.
