A triple net lease is a lease where the tenant pays rent as well as property insurance, property maintenance, and property taxes.

If you do not want to read about the process of calculating a triple net lease, I recommend you visit my triple net lease calculator or my advanced triple net lease calculator.

Actually calculating a triple net lease is easy. Usually the rent is quoted as dollars per rentable square foot. Then the building operating expenses (this includes the property insurance, property maintenance, and property taxes) are also quoted as dollars per rentable square foot, and are then added on to the rent. The total rent and expenses is then multiplied by the number of rentable square feet that the tenant will rent.

Here is an example of a potential commercial rental scenario for an actual commercial building located in Denver. A company decides to rent space on the first floor of a building. The first floor has 8,550 rentable square feet “RSF” available for rent. The lease rate is $22 / RSF, and the operating expenses are estimated at $8.50 / RSF.

The starting lease rate is $22 / RSF. This is a yearly rate, as commercial leases are quoted per year. So we multiply the lease rate by the square feet to find out how much the lease will cost per year. In this example, the lease will cost $188,100 per year.

We then calculate the building operating expenses (this is the NNN part of the lease). This particular property is quoting an ESTIMATE of $8.50 / RSF. Again, this is an annual rate. In this example, the operating expenses for the space is $72,675 per year.

We add these two figures together to find out how much it will cost to rent this space out for a year. In this example, the grand total for this lease is $260,775 per year.

Divide this grand total by 12 to learn what the monthly lease payments would be. In this example, the monthly lease payments are $21,731.

Earlier, you saw that the operating expenses were ESTIMATED at $8.50 / RSF. If, at the end of the year, the operating expenses come out to $8.00 / RSF, the tenant would receive a refund. However, if the operating expenses actually cost $10 / RSF, the tenant will owe additional rent. The tenant is charged the ACTUAL operating expenses. The estimate just helps the tenant and landlord create a budget for these items, and the tenant pays the monthly budgeted amount until such time as the estimate is reconciled with the actual expenses.

Finally you may want to calculate the monthly price per rentable square foot. To do this, simply divide the base rent by 12, and the operating expense estimate by 12, and then add these two together in order to see the total you are paying per rentable square foot per month.

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The return rates on rental properties can be all over the map. I have surveyed many sets of investment properties, and have found that there is a wide variety of return rates.

The best way to determine the rate of return (also known as the CAP RATE) is to obtain financial documents from the seller detailing income and expenses. Then use my free calculator to figure out the CAP RATE and GRM. The CAP RATE should probably be above 6%, and the GRM should be below 100. If the sellers are unwilling to provide financial documents about the property, you should be extremely wary and ask yourself, Why will Mr. Seller not give me the financial documents? Here is more information about the CAP RATE and GRM.

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There are two answers to this question, depending on the situation.

If a prospective tenant hires a real estate agent to help them find a rental, the agent is usually paid a commission that is equal to one months rent of the place the prospective tenant ends up signing a lease for. The commission is only paid if the agent was the one who showed / introduced the property to the prospective tenant. If the prospective tenant found the property on their own, with no help from the agent, no commission is paid.

If a landlord hires a real estate agent or company to perform property management services such as collecting rents, handling repairs, evictions, and renting to new tenants, the real estate agent or company is paid 10% of the gross rents each month. For example, if the rents are $800 a month, the real estate company would receive $80 a month.

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You should try to keep paying your mortgage if at all possible. Your end goal should be to try and sell the house and pay off the mortgage. You should contact your lender and advise them of your situation, and maybe they will work with you to get the house sold - maybe even for less than what is owed. Until you get the house sold, You should eliminate any luxury items such as cell phones, cable, internet access, everything that is not essential. Next would be to let your car get repossessed and ride the bus to work (unless there are no bus routes to work). You should contact the Colorado Foreclosure Hotline at 1-877-601-HOPE for additional advice and help.

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A 6% CAP rate is not stellar, but its not terrible either. Remember, Bank CDs pay 3% or so. So any CAP RATE less than 3% is terrible. If you can get 10% consistently, that would be a decent CAP RATE.

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Earnest money is applied towards the purchase price and closing costs of real estate. For example, if a buyer contracts to buy a home at $200,000, and the closing costs are $10,000, The buyer will need to pay $210,000 to purchase their home. If the buyer provides $8,000 in earnest money with the contract, the buyer will need to pay $202,000 at closing.

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I am not an appraiser, so I cannot give you an official answer, but I can give you a guess. The appraisal value of the new furnace will probably be 60-70% of the cost of the furnace. The reason for this, is because the old furnace had some value. Its value was not zero, unless it was completely non-functioning. When you make improvements to your house, the cost of the improvements generally does not add to the appraisal value at the same rate. For example $100 spent on improvements may only increase the appraised value by $60. Improvements made to the kitchen, bathrooms, and exterior sprucing up usually increase the appraised value the best. Adding luxury items to the home such as a swimming pool or air conditioning usually do not add much to the appraised value.

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There is a MLS code assigned to each school in the entire MLS area. These are the MLS codes for the Cherry Creek School District.

The MLS codes for the Elementary Schools are 5000, 5010, 5015, 5020, 5023, 5025, 5030, 5040, 5045, 5047, 5050, 5055, 5070, 5080, 5085, 5090, 5100, 5110, 5120, 5135, 5140, 5150, 5160, 5170, 5180, 5190, 5200, 5210, 5212, 5215, 5220, 5230, 5240, 5250, 5260, 5270, 5280, 5290.

The MLS codes for the Middle Schools are 5710, 5716, 5720, 5730, 5735, 5740, 5742, 5745, 5750.

The MLS codes for the High Schools are 5905, 5910, 5920, 5925, 5930, 5940.

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The phone number for Denver Water is 303-628-6000. The website for Denver Water is simply http://www.denverwater.org.

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According to advertisements from DirecTV, you should take your receivers and remote controls to your new house and leave the satellite dish behind at your old house and obtain a new satellite dish from DirecTV. Their website says pretty much the same thing. DirecTV asks you to call their special “moving” customer service phone number at 1-877-616-6683 before your move. It appears that you will need to renew your contract with DirecTV in order to receive a new satellite dish for free. So if you do not wish to renew your contract, you should take your satellite dish with you as well. The website describing the DirecTV moving program can be found here.

Dish Network policy is similar. They say to leave the satellite dish behind and take your receivers and remotes with you. They do not mention anything about a contract extension, they say “restrictions apply”… so there may be a contract extension involved here as well. So if you do not wish to extend your contract, you may want to take your satellite dish with you. Dish Network also asks that you call their special “moving” customer service number at 1-866-228-3836. The website describing the Dish Network moving program can be found here.

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