Older, less luxurious assets are now pushing north of the 6% threshold.With a significant stake in the $4.5 trillion commercial real estate mortgage debt, the multifamily sector anticipates a modest increase in loan maturities this year, with obligations of $255 billion and $243 billion in 2024 and 2025, respectively.

In respective, I would say create the value (increase revenue, decrease expenses) and then after you do that call a bunch of lenders to see how they would value the property.

I haven't had any issues from tenants regarding it and our lawyer says that our state of MD is quiet on the subject which means that it is OK to do.Can you share your BB Addendum so we can see how it's worded when we work within our respective states? 

The guest has been quiet, polite, and respectful and we are happy to host the guest longer. 

@Tom Gimer Tom, I deeply respect your work-- I ran a Title insurance agency myself for a brief stretch.

In the end, with all due respect to hard working people, a good quality manager should easily be able to outperform somebody doing it on their own and therefore pay for themselves or at minimum offset the cost of management.  

In my market, people are more honest and respectful than what you may see in a large city.

It's all in how you outline the hurdles to the owner, have a couple prices on costs (that way you're no longer talking subjectively), and make it clear that ANY buyer will have to do this as well while treating the owner with respect and building a relationship. 

We have gotten a sense of satisfaction fixing up our investment and getting good, qualified, respectable tenants in there.

I got a good feel from the initial consultation with respect to them being investor friendly, for example the CPA I spoke to said that their clients often run deals by them before closing to foresee any tax implications.