Episode #084 - Everything You Need to Know About LEASE AUDITS!

Today hosts Braden Cheek, Brian Duck and Joel Thompson discuss the logistics behind lease audits and what to look out for when reading over lease agreements! Time Stamps: 0:00 - Introduction 0:19 - Both of our Kitty Academies have been remodeled & are hitting the market! 2:12 - The logistics of the U-Haul incident at Plaza West and the broken HVAC unit at Dollar General. 4:33 - Understanding lease audits and how to build your model before purchases. 6:50 - There's 3rd party companies that do the lease audits for you. 8:23 - Multi-tenant vs. multi-family lease audits. 11:42 - Verifying triple nets vs. gross leases. 14:28 - Outs: Noticing how & when people utilize outs, & when they're necessary. 16:36 - Who pays for the ongoing maintenance items? 19:00 - Restrictive use. 20:39 - In conclusion... *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list MB01GOYTK7WTBLE