Triple net on residential house

[Matt Hogge]

Greetings

I am looking to set up a lease on a residential zoned property with four units on it. House is approximately 100 years old but in good shape overall. I plan to rental arbitrage the property and run a short term rental out of the units.

The landlord is requesting a triple net lease. Wondering what the communities thoughts are on structuring NNN on an old residential property ?

Thanks!

[Benjamin Aaker]

Unusual in single family, but I've heard of it in STR arbitrage. It's all about the dollars involved. In a NNN you'll be paying for improvements so you'll need to factor that into what you pay in base rent.