A triple net lease (NNN lease) is one of the most common agreements in commercial real estate, yet many tenants and investors hesitate because of its unique cost structure. Unlike traditional leases, an NNN lease shifts major expenses, property taxes, insurance, and maintenance directly to the tenant. This setup can offer stable, predictable income for landlords while giving tenants long-term control over their space. However, it also comes with responsibilities and risks that must be carefully evaluated. This guide breaks down the key benefits and drawbacks to help you decide if a triple net lease is the right fit. Key Takeaways A triple net lease (NNN lease) requires the tenant to pay a low base rent plus the three "nets": Property Taxes, Building Insurance, and Maintenance (Net 3). The key benefit for landlords is highly stable Net Operating Income (NOI), as they are largely protected from increases in variable operating costs, which enhances the asset's value. Tenants benefit from ...

Leasing transitions are a pressure point in property management. You're juggling maintenance, marketing, screening applicants, and negotiating leases—all while the clock ticks on a vacant unit. But in the background, there's someone else with skin in the game: the property owner. And too often, they’re left guessing. Transparent and timely owner communication in property management isn’t a bonus—it’s essential. Let’s dig into why communication breaks down during transitions, what to fix, and how to keep property owners confident in your process. Why Owner Communication During Transitions Often Fails Let’s be blunt: most property owners don’t hear enough when it actually matters. The moment a tenant gives notice, owners start worrying—about vacancies, repair costs, income disruption, and whether their property is being handled properly. And the usual communication problems? Lack of frequency: Updates happen only when prompted. Ambiguous info: Managers say “We’re working on it,” but ...

Leasing transitions are often a mess—but they don’t have to be. Whether a tenant is ending their lease, a new one is moving in, or you're simply renewing terms, this period tends to bring stress, confusion, and unnecessary back-and-forth. And in almost every case, it boils down to the same culprit: poor communication. If there’s one area that deserves more attention in property management, it’s communication. Get this right, and you’ll avoid most of the usual chaos. That’s not just a guess—it’s something professionals in the industry learn quickly. Solid property management communication doesn’t just make things easier. It’s what keeps everything running. Let’s break this down. Why Lease Transitions Go Off the Rails Lease transitions are supposed to be a straightforward process. One tenant moves out, the next one moves in, and everything in between gets handled in a timely manner. But that ideal scenario is rarely what happens. Instead, here’s what you often get: Tenants leave behind ...

Property management often feels like trying to keep multiple plates spinning—leases, rent collection, maintenance, communication, and tenant concerns all demanding attention at once. While the job hasn’t necessarily gotten easier, the way it’s being done has shifted dramatically. One key reason? Digital leasing tools. They’re not flashy, and they don’t come with a big song and dance. But they are cutting down on repetitive tasks, improving accuracy, and giving property managers their time (and sanity) back—week after week. Let’s break it down, piece by piece. The Daily Grind (Before Digital Took Over) Ask anyone who's been in property management for more than five years, and they'll tell you how messy it used to be. Rent collection was often manual, maintenance issues came in through calls and texts at all hours, and lease agreements were signed the old-fashioned way—with actual paper. The result? Property managers spent more time doing admin than managing properties. Some of the ...

Let’s face it—there are too many leasing management platforms out there promising the moon and delivering barely enough. If you're knee-deep in managing properties, dealing with tenants, chasing payments, or fielding repair requests, you don’t need flashy gimmicks. You need features that actually get the job done. The reality? Most platforms look good in demos but fall apart in real-world use. So before you commit to one, here’s a grounded checklist of leasing management software features you should absolutely insist on. 1. A Solid Lease Tracking System When it comes to property management, keeping track of leases is the foundation of everything else. A solid lease tracking system is a non-negotiable feature of any leasing management software. It's not just about storing lease documents—it’s about making the entire lease lifecycle smooth, transparent, and automated. Look for platforms that allow you to manage lease dates, rental amounts, and renewal terms with ease. A reliable system ...

Renting has changed, and frankly, tenants aren’t asking for anything outrageous—they just want what every consumer expects in 2025: speed, convenience, and clear information. If you're managing rentals today, you're not just competing with other properties; you’re competing with the overall digital convenience people are used to in their daily lives. Here’s what modern renters expect and how you can meet those expectations without jumping through hoops. 1. Speed and Simplicity Rule the Leasing Process People are busy. If your leasing process involves printing out applications or waiting days for approval, you’re going to lose qualified applicants. The truth is, tenant expectations in leasing now revolve around instant access, minimal effort, and quick decisions. They want to see a listing, apply immediately, and know where they stand within a couple of days. A modern rental application process solves half the headache. Online applications that allow tenants to upload ID, proof of ...

The leasing industry, like many other sectors, is undergoing a significant transformation. The rise of digital payments in the leasing industry is one of the most influential changes, reshaping how businesses and consumers interact. As digital payments become more prevalent, the leasing industry is evolving to accommodate these new methods of payment, simplifying processes, reducing costs, and offering more convenience to all parties involved. In this blog, we’ll explore the role of digital payments in leasing, how they’re driving digital transformation in leasing, and the lasting effects on industry practices. What is Driving the Rise of Digital Payments in the Leasing Industry? The traditional leasing process often relied heavily on paper-based transactions and checks. However, the rise of digital technologies has paved the way for digital payments, which offer a host of benefits for both leasing companies and tenants. Digital payment solutions are gaining traction for their speed, ...

In the leasing industry, collecting payments has traditionally followed a one-size-fits-all method — often limited to checks or direct bank transfers. However, the rapid evolution of financial technology is reshaping this landscape. Today, multiple payment options in leasing are no longer a luxury; they are becoming a necessity for property managers and leasing companies looking to keep up with tenant expectations and streamline operations. Offering diverse payment methods isn't just about convenience; it signals a shift toward a more inclusive, efficient, and user-friendly leasing experience. In this blog, we explore the future of payment systems in leasing and why integrating multiple payment options is a smart move for both landlords and tenants. The Shift Toward Flexible Payments Modern tenants expect the same digital convenience in their rental experience that they enjoy in online shopping or food delivery. From credit and debit cards to mobile wallets and ACH transfers, people ...

Leasing properties can be a daunting and time-consuming task for property managers. From handling paperwork to managing tenant communications, the traditional process of leasing often involves a lot of manual effort. However, with the rise of digital leasing tools, property managers now have access to innovative solutions that streamline these processes, making leasing faster, more efficient, and less prone to errors. These tools not only simplify the leasing process but also enhance the overall experience for both property managers and tenants. What Are Digital Leasing Tools? Digital leasing tools are software applications designed to help property managers automate and manage various aspects of leasing, from lease agreements to tenant communications. These tools can handle a range of tasks, including document management, payment tracking, maintenance requests, and much more. By digitizing these processes, property managers can save time, reduce administrative workload, and provide a ...

Managing rental properties comes with its own set of challenges. Among the most crucial yet often overlooked processes is the tenant transition process—the period between when one tenant leaves and another moves in. Many landlords focus on securing new tenants and finalizing the lease agreement but neglect the finer details of the transition itself. These overlooked steps can lead to disputes, legal issues, and a decrease in property value. In this blog, we’ll explore what most landlords miss during tenant transitions, why it matters, and how you can ensure your rental property remains in excellent shape while keeping both parties satisfied. 1. The Importance of the Tenant Transition Process The tenant transition process involves several stages: from inspecting the property after the old tenant moves out to preparing it for the new tenant's arrival. Effective transitions minimize vacancies and ensure that your property stays in optimal condition. A smooth transition can also boost ...