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26 February 2025 | 40 replies
It's true you would have to send notice to enforce a lease provision or the tenant could face legal challenges from the landlord HOWEVER the national credit tenant has their credit rating at risk for defaulting on obligations which could substantially affect their cost of credit for business operations and that is not something they want to put at risk.Contrast that with joe schmo mom and pop tenant that defaults and if they have no assets to pursue you are out of luck.I help clients navigate the purchase and sale waters of NNN.
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15 January 2025 | 4 replies
Most traditional property managers don’t handle this setup due to challenges like managing tenant disputes, coordinating overlapping move-ins/outs, and the risk of Fair Housing violations when selecting tenants.
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15 January 2025 | 8 replies
It sounds like you navigated the challenges well and gained valuable lessons for your next venture.
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14 January 2025 | 8 replies
Add the financing challenges and that you existing structure likely will become rent controlled.
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23 February 2025 | 39 replies
I definitely think it's an untapped area, but there's definitely challenges and different nuances in commercial versus residential.
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15 January 2025 | 9 replies
What are your current goals or challenges in real estate?