You can do this with a simple, one-page addendum, or even a written statement added to the existing lease and signed by you and the tenant.Example:This lease agreement is hereby amended to reflect the change in ownership of the rental property located at 123 Straight Street, Cody, WY 82414.

@Rud SevCap rates in NNN deals are influenced by factors like tenant quality, lease terms, location, and lease structure.

If the location is an A but the tenant paying higher rent was a B or a C then replacing the location with an A tenant at slightly less rent in some cases you can actually increase the value.Example if you had an (A) location QSR but tenant was Burger King franchisee and they went out the Burger King might sell at 7 cap.

But things out west also are a moving target on the best of days.haha, indeed, the crazy west in both CA (my property location) and WA (my residence)One more question on LLCs. 

we are currently located in central mass, but looking to expand into western mass. 

I've had very few vacancies over the last few years since Covid, tenants have been staying put where they are located.

Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

Prime Location: Downtown Griffin is quickly becoming one of Georgia’s hidden gems.

Tenant move out in the middle of eviction process and we are unable to serve him.Any suggestions on how to proceed with money judgement as we cannot locate him to serve him ?

Location, type of home, type of rental, etc make a difference with it all.