NNN Lease Expenses Explained [for Landlords and Tenants]

[@MelissaRisovideos]

You made this soooo easy to understand! Thank you!

[@TylerCauble]

You're so welcome!

[@miguel.947]

Thank you for the awesome educational content. Keep it up!

[@TylerCauble]

Of course! Glad you liked it

[@MikeRivera-v9q]

If i have a 5-unit commercial property, how do i perform NNN for each unit?

[@robertdustin430]

What online site can I purchase a NNN lease for CT?

[@javierhinojo137]

Good stuff. So on a NNN lease. Who is the beneficiary of the insurance? Say there is a fire. Who will get the right to the claim and be responsible for the repairs?

[@TylerCauble]

The landlord has the policy in their name and pays for the policy, the tenants just reimburse the landlord for those costs

[@antonyreid7008]

Good Stuff!

[@TylerCauble]

Thank you!

[@robbiew4557]

Could you shower us how to structure pro formas. Im also having a hard time understanding what the after construction value Is and what makes a good percentage for roi.

[@TylerCauble]

It’s pretty difficult to explain how to structure a pro forma. We have models available for sale on my website at www.tylercauble.com/models and videos on how to use them. A good return on investment completely depends on your risk profile and what investors are seeking. I typically won’t do anything for less than a 20% cash on cash return for my time invested

[@robbiew4557]

@@TylerCauble thanks. I’m 18 year old and have a dream of getting into real estate development. what do you think would be some key research tools? For example like books websites anything really.

[@TylerCauble]

Listen to podcasts - they’re free! I’ve got one called The Commercial Real Estate Investor and we’re sharing episodes multiple times a week. Books / audiobooks are next best because they’re cheap. Then take experienced real estate investors out for coffee and pick their brains. Tons of ways to learn for cheap

[@steverohner]

Do prospective tenants and landlords typically have leases reviewed by an attorney before executing them?

[@TylerCauble]

Not always, but I do highly recommend it. Legalese is nothing to mess around with and one word in one sentence in one paragraph of a 30 page document can totally change things, so it’s best to have a professional review

[@kku9546]

How much does the professional review charge?

[@TylerCauble]

Which professional review?

[@kku9546]

Retail lease contract.

[@TylerCauble]

@@kku9546 depends on how complicated it is. If the attorney is just reviewing it, probably an hour or two of their time (typically attorneys charge $200-$550/hr in my experience). If they’re negotiating it on your behalf, likely in the thousands of dollars

[@victorv3077]

THANK YOU!

[@TylerCauble]

For sure!