Those who work in commercial real estate know that the triple net lease or, commonly called, NNN lease is only becoming popular by the day. Despite the popularity, the NNN lease is still frequently misunderstood by many commercial real estate professionals, and of course, the general public. So, let’s better understand the triple net lease, its pros and cons, and look at how to find NNN properties for sales. What is a triple net lease? A triple net lease or an NNN lease is a type of lease agreement in which the tenant agrees to pay for all operating expenses associated with a property and the rent cost. Each “N,” or “net” in triple net designates one operating expense category that the tenant is responsible for. The operating expenses of commercial properties include real estate taxes, building insurance, and maintenance. To understand more clearly, in a single net lease agreement, the tenant agrees to pay for one of the above expenses. Likewise, in a double net lease agreement, the tenant agrees to pay for two of these expenses. So, a triple net lease agreement means that the tenant is responsible for all three property expenses. NNN lease pros and cons Pros A triple net lease can be beneficial for both owners and tenants.

Buying a new house or vehicle or starting a new business is a big investment for most people. Even if you have the cash to pull off such an investment, financial experts advise opting for a loan for expensive purchases to maintain liquidity. Moreover, affordable interest rates and manageable payment schedules make it easier to deal with fixed financial obligations. Here are the common types of loans that can help you fund an expensive purchase: Personal loans Personal loans are commonly used to tide over some emergency or pay off outstanding debts. You can also use them to pay for expensive products or services. Depending on the amount, you can get the funds in less than 24 hours. Banks charge a fixed interest rate on the principal, and the loan is repaid in equated installments over a fixed tenure. The lumpsum cash can be used to pay off anything. Personal loans carry a lower interest rate, don’t require collateral, and are quickly disbursed by most banks and financial institutions. You can use it to pay for education, an expensive vacation or a wedding, a new vehicle, or for home relocation and remodeling. Business loans Banks and credit financial institutions also provide exclusive funding for small and mid-size businesses that require capital for initial setup and operations.

Buying a house is at the top of many wish lists, but ensuring its long-term protection is arguably an overlooked part of the buying process. Therefore, buying home insurance to safeguard your dream home from unforeseen events must be a priority. Now, purchasing an insurance policy for your home is reasonably straightforward. But you can get the best out of your home insurance policy by considering the following points before purchasing one. Explore multiple insurance companies Your home insurance may entail several components, such as disaster coverage. So, you need to consider multiple alternatives before buying the policy that gives you the best all-around protection. You do not need to zero in on one insurance provider for all your home insurance needs. You can compare multiple insurance companies based on their online customer reviews, price, coverage, and customer service quality. Considering all such factors, you will get the right kind of coverage for your home. Essentially, you need to pick the option that offers you the best value, and not necessarily the lowest price. Know about all home insurance types and discounts There are several types of home insurance policies, such as the ones that provide actual cash value for any damages caused, or others, which pay for the replacement or repairs in case of damage.

If you’ve visited a bank or credit union for opening an account, you’ll know that there are multiple options to choose from. Each of these accounts has unique benefits and features that distinguish them from the rest. Among the types of available accounts at a bank are checking accounts. Once opened, you can use a checking account for deposits and withdrawals. Here’s some other important information to know before using a checking account. Purpose of a checking account Most checking accounts allow daily deposits and withdrawals, including depositing a check you receive, setting up a direct deposit for paychecks, or taking out cash via a debit card. A checking account’s main purpose is to maintain your funds in a secure location for a short period. Your paycheck can be sent directly to the checking account, after which you can make utility payments or move the funds to a savings or investment account. That said, a checking account isn’t a long-term solution for things like saving for a house or car. This is because interest rates can be extremely low. Opening a checking account After opting for a suitable checking account, you need to sign up online or visit the bank’s branch.

Credit cards provide financial independence by allowing people to pay for their needs anytime. These cards can assist in maximizing points and rewards for each purchase. The points and coupons can be used for future purchases, resulting in significant savings. With all the benefits, one should remember to handle it cautiously, or one may find themselves in challenging financial situations. Here are ten crucial credit card tips that everyone should keep in mind. Maintain a low credit utilization ratio Remember to keep your card’s balance at or below 30% of the available credit. Carrying large balances on all your cards may harm your credit score. Furthermore, your interest expense grows if you carry these large balances from month to month. Therefore, work to maintain the lowest credit usage ratio possible. Making payments earlier in the month, before your billing cycle ends, might help raise one’s credit scores and lower interest costs. Paying off the entire balance monthly The best way to avoid unexpected costs is to pay off your entire balance by the end of each billing cycle. These monthly balances carried over to the next billing cycle may result in high-interest charges. When the balance increases, getting out of debt will be more difficult, which could be bad for one’s financial health.

Credit cards are a great way to earn rewards, enjoy benefits, and build credit, but they can also be dangerous if misused. Poor usage can damage one’s credit scores and lead to penalties and high-interest rates due to the lack of timely payment. In fact, it is common to forget the pitfalls of credit cards when using them. So here are a few credit card mistakes to note to avoid falling into a debt cycle. Credit card mistakes to avoid Paying the minimum amount Paying only the bare minimum amount due each month will help one avoid late fees and other penalties. However, it causes interest to be added to the balance, making it more difficult to pay off later. It can be difficult and time-consuming to pay off the balance with high-interest rates. Thus, individuals are recommended to create a payment plan to aid in the management of funds and the timely payment of bills. Overspending Credit cards are relatively easy to use, which can lead to people easily overspending, especially when purchasing online. It is difficult to understand expenses when purchasing products online. Some good practices to follow include keeping credit card usage under 30% of your budget and only using a credit card for monthly budget expenditures that are easier to pay off before the monthly billing cycle ends.

Personal loans allow people to make more significant and long-term investments, whether it’s a vehicle or a home. But with the host of lending options available, getting a loan can seem complicated. Every loan offer is different in terms of interest rates, loan conditions, flexibility, and fees. Since a significant chunk of one’s hard-earned money goes into loan repayments, making a hasty decision can be unwise. Here are some of the most common errors one can avoid while taking loans. Accepting unreasonable repayment terms Any lender requesting an excessive amount of advanced payment or an unreasonably high rate of interest should ideally raise a concern. Interest-free loans usually come with high admin fees, which can result in a significant repayment amount. One can inquire about the percentages of loan-origination fees and actual interest before taking on such an offer. Not checking one’s credit score Approval of one’s loan application and the rate of interest depend mainly on one’s credit score. So it’s advisable to evaluate one’s credit report and get any discrepancies sorted out with previous lenders before applying for a loan. A low score can get one’s application rejected and further bring down the score. Not comparing lending options and overlooking fees One is advised to research and compare one’s lending options thoroughly.

Filing taxes is a complicated process, due to which several individuals make mistakes while filling out their forms. Though making errors is normal, doing so on a tax form can cost a lot of money. People may miss out on a larger refund and even pay higher taxes, interest, and penalties. Some mistakes may also invite Internal Revenue Service (IRS) audits. Here are some errors one should avoid while filing taxes. Delayed submission When one delays the submission of their tax returns, they may have to pay an additional fee. This penalty can rise to 5% of the tax amount due for each month that the tax return paperwork is delayed. The penalty percentage may increase based on how long one takes to file their return. But if an individual does miss the deadline, rather than doing nothing, they can request an extension by filing Form 4868 before the tax-filing deadline to get more time. Entering the wrong Social Security number The IRS uses a social security number to verify information obtained from an employee against details provided by the bank, employer, and other establishments. Therefore, adding inaccurate Social Security numbers by accident may interfere with the filing process and lead to the claim getting rejected.

It is rightly said that “a penny saved is a penny earned.” Every dollar saved today can contribute to a hassle-free and blissful future, allowing us to seamlessly fulfill our long-term financial goals. A sizable portion of our salaries is typically spent on paying taxes, contributing significantly to government revenue. Although paying taxes is every citizen’s responsibility, avoiding inevitable common mistakes can help taxpayers save money. Some such mistakes to avoid are: Not investing in tax-saving avenues Tax-saving investments can help investors avoid unnecessary taxation to help them work toward their long-term financial objectives. Several tax-saving and tax-free investment options are available today; selecting your tax-free investments should depend on your requirements, income levels, and goals. Municipal bonds, tax-exempt ETFs, and specific index mutual funds are highly tax-saving options. Additionally, some tax-free avenues to consider are 401(k)/403(b) Employer-Sponsored Retirement Plan, U.S. Series I Savings Bond, Health Savings Account (HSA), and 529 Education Fund. Waiting till the end moment to save taxes Many taxpayers commit the mistake of waiting till the end moment to begin considering tax-paying options. Such last-minute decisions often lead to large-scale one-time investments, which can affect one’s current financial needs and dissuade one from reaping the maximum benefits from tax-saving investments.

Medicare is a federal primary insurance program that is offered to elderly seniors. It is available for both working and retired seniors as a benefit to pay for rising healthcare costs. Even young adults suffering from a disability or those diagnosed with end-stage renal disease can avail of this benefit. Medicare is a complicated insurance program that entitles many tricky terms and conditions. Here are 15 essential things you should know about Medicare. It’s a government-sponsored insurance Medicare is something that you can additionally avail over any existing insurance plans to provide coverage for treatment. You need to apply before you turn 65 Applications start three months before you turn 65 and end four months post your 65th birthday, giving you seven months to enroll for the plans. There are four parts Medicare is divided into four main parts, with Part A and B forming the original Medicare. Original covers both the inpatient and outpatient needs, whereas Parts C and D are special advantage plans that help cover special costs and prescriptions. You can choose between Original and Advantage plans Original Medicare only covers Part A and B, with an option to choose Part C to pay for prescriptions. Or choose Part C with optional D coverage.