Cool Client Story: Net-Properties.com
So I've had a lot of clients over the years, but none as long as friend and high school mate Blair Rinnier, and his online company, Net-Properties.com. Starting Net-Properties.com in 1998, Blair and his partner Henry Hanna had an idea that the web would be a great place to broker Net leased properties (NNN Triple Net Lease)... and the fact that they are around today, stands as a testament to the quality of business they give to their clients. Even in these economic times, things are still looking up for the no-longer web start-up but seasoned web company.
Their site is driven by ColdFusion, designed in Photoshop and well, of course the back-end database system for the properties and their clients is SQL server 2000.
Anyway, the cool part of the story is detailed below as relayed to me just the other day...
Net-Properties.com continues to find solutions for investors even in todays challenging financial and real estate markets. For example, an exchange investor contacted us in a search for nnn investment properties which would offer both security and a cash flow which was as profitable as the current rates in the bond market.
However, he was very disappointed in the low returns associated with S&P A-rated tenants, and had decided to invest all of his proceeds in bonds. Net-Properties prepared a series of comparative financial analyses showing the investor how he could invest in zero cash flow nnn properties to achieve the best of all worlds the long term security of an A-rated tenant, the market return of real estate appreciation, and still have over 80% of his equity to invest in high performing bonds.
The end result has been a win-win situation for everyone. Our client was introduced to a new financial vehicle which provides not only immediate but long term value, and Net-Properties gains another satisfied client
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