Connell McGill, co-founder and CEO ofEnertiv
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.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.