Tripe Net (NNN) Rent Explained

What is triple net rent or N-N-N? Triple net rent, or N-N-N rent, is a type of commercial lease agreement where the tenant is responsible for paying all the operating expenses of the property in addition to the Base Rent. The operating expenses include property taxes, insurance premiums, and maintenance fees. This means that the tenant is responsible for all the costs associated with the property’s operation and upkeep, and the landlord is only responsible for the structural components of the building. Triple net rent agreements are commonly used in commercial real estate leasing situations where landlords want to pass the property’s expenses on to tenants without having to manage those expenses themselves.

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CREW Austin Presents a day to ELEVATE

CREW Austin presents a Day to ELEVATE. The event will include a keynote from a world-renowned speaker and serial entrepreneur, PLUS a panel of top women leaders in Central Texas CRE discussing the mindset, strategy, and tactics necessary to prioritize your success and find fulfillment at every stage of your career. There will also be time for networking with leaders in commercial real estate.

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Switch From Residential Agent to Commercial Agent

Are you considering a switch from Residential Real Estate Agent to Commercial Real Estate Agent? We are often asked this question, especially during an economic downturn. So our Founder DeLea Becker has compiled advice, tips, and tricks she has given out for over a decade to residential agents asking for transition advice.

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1031 EXCHANGE DONE : 2 Acres in Central Texas - #TexasTriangle

Beck-Reit is no stranger to 1031 exchanges. In fact, you may call us the 1031 experts. In 2022 we closed two 1031 exchanges, and have never failed. The rigorous timeline to identify a property to purchase before Uncle Sam tries to swoop in and grab his “share” can be intimidating for most, but our meticulous process makes every one of those 45 days of the identification period count.

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WHAT'S NEW AT BECK-REIT : 5 LOTS PURCHASED FOR OUR SURPRISE DEVELOPMENT PROJECT

In the last week of March, The East Austin Experts—Beck-Reit Commercial and others closed on 5 lots in East Austin to begin a killer surprise development project on E 7th Street.

Let us know if you’re interested in office, retail, or restaurant space on E 7th, and check back here for more updates as the project progresses and more details are announced.

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2023 CREi Summit

The CREi Summit is the only conference of its kind where commercial real estate industry leaders share their best practices for honing and delivering marketing messages that win. Establish your own plan for thought leadership, a stronger personal brand, and close more deals. Your success blesses others!

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Insights from Massimo Con 2022

The Massimo Group is the top Commercial Real Estate broker/agent coaching organization in the world! This year for the first time, the Massimo Group hosted their first live conference event that was open to the public. The convention had several CREi Summit List makers on panels and in attendance. #DominateCRE. Here are a few of DeLea Becker’s takeaways.

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Austin Women Trailblazers

Bisnow is honoring Austin’s most influential trailblazers - Top-level women executives and industry powerhouses who influence the way commercial real estate is done in ATX. Read the article full of quotes by our Founder DeLea Becker : “Building The Plane While Flying It”: Women In Austin CRE Are Soaring

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3110 S Lamar ATX 78704

3110 S. Lamar Austin, TX 78704 is now a part of Beck-Reit Commercial Real Estate’s portfolio. Secured in a 1031 Exchange | Off-Market Deal. This Advanced Autoparts is situated on one of the most desirable streets in Austin. The current lease gives time for entitlement and development plans (3 year + process in Austin) so we will be poised with the Demolition Permit the day the lease ends.

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Less than 3% of Commercial Real Estate is Owned and Managed by Women

According to research by BiggerPockets, women represent less than 2% of commercial real estate investors. This figure is surprising given that more women own and manage their own businesses today than ever before. Commercial real estate is an asset class that offers tremendous potential for growth, especially when you consider the current market conditions. However, most women are not investing in commercial real estate for one main reason: lack of knowledge about how it works and how they can get started investing. But this isn't true for Women In Commercial Real Estate. For Women in our profession, investing is squarely in our Circle of Competence.

There is potential to create $1 trillion dollars of value for women in commercial real estate by 2025 if we start investing like men. It's a $3.5 trillion dollar industry, and it's the largest one in the world.

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