What's involved in owning a large distribution warehouse?
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[{"id": "fekc2mk", "text": "It's never 100% hands off, but it depends on if he manages it himself or pays a PM company. The latter would take out the day-to-day headaches, but you still are going to be involved to approve, execute, and pay for a multitude of items.", "replies": [], "depth": 1}, {"id": "fekvvab", "text": "On NNN leases there is typically little land lord responsibility. The taxes, insurance and CAM (usually a mgmt fee is included) are passed onto the tenant. Depending on the lease language you will send a bill to the tenant or the tenant will get billed directly. Landlord responsibility is usually capital items like a structural reserve, mechanicals and roof expenses outside of standard repairs and maintenance. This all varies from lease to lease and amendments can be added. Generally STNL deals are very hands off especially when compared to multi tenant office (leases are usually gross+ electric).", "replies": [], "depth": 1}]