JF3135: Making Single Family Homes into Triple-Net Leases ft. Shiloh Lundahl
The Best Ever CRE Show
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How to Make Single Family Homes Triple Net Leases
We have a nuisance clause in our lease, which basically says if you don't call us and you get a hundred dollars off your rent. So we're getting even higher than normal rents, but we're giving them a discount at the same time. And then that means that they need to take care of it and they need to pay on time. We've done three, four or five year options. Most of our properties are in Arizona, but we also have about 50 out North Carolina. They can exercise at any time within that time period, but we haven't had anybody exercise it in less than a year.
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