We’ve reinvented the way people invest in residential rental real estate,” explains CEO Peter Julian, “but we’ve done it using a time-tested commercial real estate tool.
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Dayton, OH (PRWEB) February 3, 2010
Harvesting returns of 9-17% in today’s hard-hit economy is enough to get the attention of virtually any investor. Accomplishing that using a time-proven model is what’s catapulting Dayton, Ohio-based Triple Net Houses, Inc. into the forefront of residential real estate investing --- and pronto.
“We’ve reinvented the way people invest in residential rental real estate,” explains CEO Peter Julian, “but we’ve done it using a time-tested commercial real estate tool. We’re helping investors leverage the glut of affordable single family homes using the triple net lease model that commercial real estate has used for decades. We’re the first in our field and we’re excited by how those who have always believed in real estate are responding.”
There’s nothing new in the fact that Triple Net Houses, Inc. purchases, refurbishes, and rents out single-family homes. What’s revolutionary is that the company then sells those same houses to investors and immediately leases them back for a 10-year period. “Just like commercial property managers, we take care of renting, maintenance and the headaches,” says Julian. “People can invest in single family homes without being the landlords. Investors receive a hassle free turnkey. We do all the leg work and take the burden off investors,” says Julian. “All they do is deposit the checks.”
The method, of course, supplies traditional benefits of homeownership such as increasing equity, tax savings and properties that appreciate. What Triple Net brings to the table, according to Julian, is a positive, predictable cash flow in the form of 12, fixed monthly payments each year --- even when an investor’s home is unoccupied.
“Investors like to count on steady cash flow --- and that’s just what Triple Net Houses, Inc. provides.” Julian points out that since owners don’t pay maintenance expenses, real estate taxes, assessments or insurance and aren’t reliant on the renter-occupant for their monthly payout, their monthly cash flow is constant. “They know they are going to get a check each month for the same amount. There are no surprises.”
Julian points out that his company has a tremendous incentive to manage properties effectively. “We need to keep our rental properties at the high end of the scale, so we take care of each home as if it was our own.” The management team of Triple Net Houses, Inc. has an average of 20 years in the real estate management business and has been involved in thousands of real estate transactions.
Triple Net Houses, Inc. has focused on homes primarily in the Midwest because housing prices have remained more consistent. “Both coasts have had crazy spikes --- and plunges in real estate prices,” says Julian. “By investing in more consistent markets, such as in Southwestern Ohio, we’re able to pass on great cash flow to investors. Our homes are in the Midwest, but our investor base is nationwide.” Julian cites investors in Hawaii, California, Texas, and New York, among others. He says investors can expect an annual cash return of 9.1% on all cash purchases of Triple Net Houses and a cash on cash return of about 17% when financing Triple Net Houses.
Triple Net Houses, Inc. has established itself as the premiere provider of residential real estate management. “People are looking for alternatives outside the stock market. We’re providing a more stable investment in what’s been a volatile market. People are always going to need places to live, and at a time when loans are harder to come by, we help fill the need for both renters and investors.”
For additional information on Triple Net Houses, Inc., its products or this release, contact Ernie DiMalanta at 1.877.899.3NET (3638) or visit http://www.TripleNetHouses.com.