I DO NOT OWN ANY RENTAL PROPERTIES AND I HAVE ABSOLUTELY NO DESIRE TO MANAGE RENTAL PROPERTIES OR DEAL WITH TENANTS. WHY THEN SHOULD I BUY RENTAL PROPERTIES?
Your dreams have just been answered. There are thousands of people just like you who would love to have the cash flow and favorable tax treatment associated with rental properties but want nothing to do with day to day management responsibilities. With Triple Net Houses, Inc. you can have your cake and eat it too! After you lease your house to Triple Net Houses, Inc., you do not deal with tenants, maintenance or management. Your entire management involves collecting monthly payments that are sent to you electronically on the first day of each month.
WHAT TYPES OF REAL ESTATE DOES TRIPLE NET HOUSES, INC. HANDLE?
Triple Net Houses, Inc. only deals with single-family homes. Single-family homes are the most liquid type of real estate and they are the most easily rented and financed. Triple Net Houses, Inc. prefers to lease properties that have been fully refurbished. The houses listed for sale on our website have been fully refurbished and inspected and qualify for a lease with Triple Net Houses, Inc.
HOW DOES THE DEAL WORK IF THERE IS A TENANT IN THE HOUSE? I THOUGHT THAT MY LEASE IS WITH TRIPLE NET HOUSES, INC.?
Your lease is with Triple Net Houses, Inc. We pay you each month. The tenant is subleasing the house from us. We (not the tenant/occupant) are responsible for paying you each month.
PLEASE DESCRIBE THE LEASE BETWEEN TRIPLE NET HOUSES, INC. AND ME?
The lease is a triple net lease, sometimes known as a net-net-net lease. In this type of lease the lessee, Triple Net Houses, Inc., pays all expenses related to the property – real estate taxes, assessments, insurance and maintenance. You just collect an agreed upon rental amount.
WHAT HAPPENS IF THE TENANT/OCCUPANT DOES NOT PAY?
You are still paid by Triple Net Houses, Inc. You don’t miss a beat. Your triple net lease is with Triple Net Houses, Inc. – not the tenant/occupant.
WHAT HAPPENS IF THERE IS A MAINTENANCE ITEM THAT HAS TO BE PAID?
Triple Net Houses, Inc. must pay it. In our triple net lease, we are responsible for all maintenance.
WHAT IS THE DURATION OF THE LEASE?
The initial lease between you and Triple Net Houses, Inc. is for 5 years.
CAN I SELL MY HOUSE BEFORE THE FIVE YEARS IS OVER?
You can sell your house at any time. Upon the sale of the house, the new buyer can continue the Triple Net lease with Triple Net Houses, Inc. or you can terminate the lease with no penalty. The fact that a triple net lease is in force may be a great selling feature to a new buyer which could result in a quicker sale for you at a higher price.
WHAT ASSURANCE DO I HAVE THAT TRIPLE NET HOUSES, INC. WILL PAY ME?
The principals of Triple Net Houses, Inc. have extensive experience managing residential real estate. Triple Net Houses, Inc. has been in business since 2007 and has made every Triple Net Lease payment to every investor on a timely basis.
CAN I PURCHASE A HOME SHOWN ON YOUR WEBSITE WITHOUT DOING A TRIPLE NET LEASE?
The houses shown on our website are approved for Triple Net Leases. They may be purchased, however, without doing a Triple Net Lease.
IS PURCHASING A HOUSE AND LEASING IT TO TRIPLE NET HOUSES, INC. A GOOD WAY TO INVEST MY 1031 EXCHANGE PROCEEDS?
Triple Net Houses, Inc. offers a tremendous way to defer your taxes from the sale of a property by using a 1031 Exchange. Please see our 1031 Exchanges page for further details.
DO I HAVE TO PAY CAPITAL GAINS TAXES WHEN I SELL A PROPERTY?
These days many investors are using tax deferred 1031 exchanges. We can help you accomplish this. And, of course, always consult your tax professional.
HOW DO I GET STARTED?
Just call Triple Net Houses, Inc. at 1.877.899.3NET. Our associates will be happy to answer any questions that you may have and provide you with information on properties that are currently available.
CAN I GET OUT OF MY LEASE EARLY?
You may terminate your lease at any time with no penalty simply by giving Triple Net Houses, Inc. a 60 day written notice.
WHAT HAPPENS AT THE END OF FIVE YEARS?
You can sell the property or Triple Net Houses, Inc. can manage it for a fee, or Triple Net Houses, Inc. can enter into a new triple net lease with you at one year at a time with the rate to be determined at that time.