It sounds like you're getting a realtor leasing agent, which I have almost always seen end poorly.

Thanks so much in advance.Asking price: $1,035,000Offered: $995,000Space: 3,920 sq ft $18.53 rent per sq ft = $72,672 CAP rate: 7.3%Lease Type: NNN in Condo building Existing tenant: Dermatologist with other 3 locations in the same city since 2008.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

He was willing to do a 15 month lease and pay all up front.

--Lease-option/rent to own. 

When I first bought the building I did not know the difference of NNN or gross leases so I just copied and pasted the previous owners lease.

If you have not moved out just yet, it could be smart to just start with signing a one year lease at an apartment or with a private landlord so you have a better understanding of how a lease looks and works.

A little about me:I hold a Certified General Appraiser license and have been working in corporate and commercial real estate for over 25 years.My recent focus has been on property investments and appraisal work, including commercial and residential properties, lease-to-own agreements, and broker price opinions (BPOs).I’m always looking for opportunities to expand my portfolio and knowledge in real estate, and I love analyzing market trends and valuations.I’m here to connect with other investors, share insights, and learn from the wealth of knowledge this community offers.

@Jon Martin You are right , if you don t know how to market a property and get direct reservations you should not attempt to co-host or triple net lease a property.You fail to mention that leases on a property can be as long as 30 years.Long leases are a way to give both property owners and management companies favorable terMs.

a big problem with coin laundry where you rent is you are at the mercy of the landlord and remaining lease terms.