NNN / Triple Net Lease - Anyone have a simple property management task checklist?
Does anyone have a simple checklist of your expectations of what your property management company does/you do for your NNN leased buildings that they wouldn't mind sharing with me? I'm thinking something along the lines of:
 
**Timeframe** | **Task**
:--------|:--------
Monthly |  Check bank for rent
Monthly |  pay any expenses
Quarterly | check property taxes are paid
Quarterly | verify insurance coverages
Quarterly | issue financial statements
Yearly | physical inspection of property
 
edit: formatting
[{"id": "dq5c1em", "text": "Don't forget the annual rent review and correct implementation of the new rent. \n", "replies": [{"id": "dq5ckmq", "text": "Thanks, will do. I have a longer list, I just wasn't trying recreate the wheel if someone had a good document ready to go. Creating SOP's isn't my specialty.", "replies": [{"id": "dqb9mmn", "text": "Hi, can you share your longer list? I am also creating a recurring task list myself for a few properties I manage.", "replies": [{"id": "dqd12a9", "text": "I'll get them organized and make a post of them on here.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "dq5kk2p", "text": "Add: HVAC maintenance contract (qrtly), roof maintenance (annual inspection + annual maintenance and gutter clean), Fire/Safety maintenance contract (annual - sprinklers and extinguishers), construction oversight (TI's add oversight fee), landscaping + trash pick-up, street sweep (if applicable), snow plowing (if applicable), update LLC / Biz Lics (annual), loan servicing + loan Re-Fi as needed (add fee for managing this), lease renewals.   ", "replies": [{"id": "dq5lar5", "text": "Yes to all of this except HVAC PM's. Only in cases where stated in the lease, otherwise PM's aren't required outside turnover with a standard NNN.\n\nAll of the rest is applicable including asphalt and things of that nature when needed. NNN is not hands off like a pad lease.", "replies": [{"id": "dq5uo5v", "text": "Or I guess following up and making sure the tenant is doing PM per the lease.", "replies": [{"id": "dq61dxd", "text": "Right, pretty painful to enforce sometimes as well.", "replies": [{"id": "dq66o80", "text": "#compliance life :-(", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}]