All Forum Posts by: Darren Ito

I just closed yesterday with a commercial loan on a property in Reno with a direct lender. PM and I can give you more information.

@Jessica Zolotorofe You are correct, structure only. Tenant pays for all maintenance of landscaping, parking lot, trash etc. Thank you everyone for your advice!

Hi,

Thanks in advance for any suggestions you have to my question.

I'm from California and currently own multiple residential real estate investments locally. I am a licensed real estate broker and manage all my properties. I am in contract for my first commercial property in Reno Nevada. The property is a single building, single tenant NNN lease.

My question is do you think its necessary to hire a property manager for this property?

Being new to commercial and NNN leases, I'm not sure how to gauge the amount of work that is needed by the landlord in a NNN lease situation. Added to that, the property is out of state so being "hands on" isn't really an option.

The lease stipulates the landlord is responsible for the walls and everything outside the walls except for the glass. Additionally the landlord is responsible for the heating and AC unit.

Any suggestions or words of wisdom would be greatly appreciated!

Thank you!

Darren 

Hi,

Thanks in advance for any suggestions you have to my question.

I'm from California and currently own multiple residential real estate investments locally. I am a licensed real estate broker and manage all my properties. I am in contract for my first commercial property in Reno Nevada. The property is a single building, single tenant NNN lease.

My question is do you think its necessary to hire a property manager for this property?

Being new to commercial and NNN leases, I'm not sure how to gauge the amount of work that is needed by the landlord in a NNN lease situation. Added to that, the property is out of state so being "hands on" isn't really an option.

The lease stipulates the landlord is responsible for the walls and everything outside the walls except for the glass. Additionally the landlord is responsible for the heating and AC unit.

Any suggestions or words of wisdom would be greatly appreciated!

Thank you!

Darren