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so I did my first triple net lease last week Im standing in front of a building that I own its six commercial units zero residential all commercial units Ive owned this building for a little over three years now and man have I missed out on tens of thousands of dollars by not using the triple net strategy but hey just like anything in life you live and you learn I didnt know about triple net I didnt know how it worked until now so here is what a triple net lease triple net means that the tenant basically pays for everything so they pay a base rent they also pay a portion of taxes they pay a portion of insurance and they pay a portion of grass they pay a portion of snow removal they pay a portion of basically all the expenses except maybe the roof the HVAC and the structure of the actual building so theres five units exactly the same theres one unit thats a little bit bigger than the other one but previously on the five smaller units we rented them for 850 a month now were gett
