How Tech Can Save Money for Landlords with Net Leases

Connell McGill, co-founder and CEO of Enertiv

NEW YORK CITY—Technology can assist all property owners in the upkeep of their buildings. But it can be particularly helpful with triple net leases, where in addition to rent and utilities, tenants pay for taxes, insurance and maintenance. When a net lease expires, a landlord returning to his or her property could find equipment, which cost just say $250,000 and should have lasted as long as 20 years, needs replacement after seven or eight years thanks to the tenant’s poor maintenance. Often the problems, neglect or abuse of systems can be difficult to detect, until after the tenant is gone.

Connell McGill, the co-founder and CEO of New York City-based Enertiv, explains how their data-driven, comprehensive operations platform can prevent such unpleasant surprises.