So I currently have 2 properties, one 5 unit, and one 12 unit- These are currently managed but the rate is 17% gross which is killing my returns.

Does anyone have any experience transitioning tenants from a previous owner on gross leases to NNN leases?

I come up with negative cashflow.Income & Expenses (Annual)Gross Annual Income: $24,300Insurance Expense: $1,440Gross Annual Expenses: $2,120Gross Inc Multp: 11.32Net Annual Income: $22,180Capitalization Rate: 8.07%Taxes: $3,761List Price: $279,900The above is what the listing gave me... using std 4-6% interest over 30 years I keep coming up negative.

I come up with negative cashflow.Income & Expenses (Annual)Gross Annual Income: $24,300 Insurance Expense: $1,440 Gross Annual Expenses: $2,120 Gross Inc Multp: 11.32 Net Annual Income: $22,180 Capitalization Rate: 8.07% Taxes: $3,761 List Price: $279,900 The above is what the listing gave me... using std 4-6% interest over 30 years I keep coming up negative.

Taking conservatively, $13 per person per night and 50% occupancy, indicates a potential of $3,900 per month, gross.

Hi @Eric Gross,I think the best way for you to grow your business would be to get into leasing. 

What % of gross rent do you charge for management fee?

I like the idea of paying a little extra each month to my highest grossing property.

I currently gross around $120K per year and plan to maintain this income through the first many years of my REI journey.So far: I’m educating myself on the process of REI by reading books, following the forums, attending webinars, etc.

We currently average about $4500/mo in savings and gross $110k/year between both of us, and we plan to live here for two years.