In that case you would want a fixed rate not a adjustable rate like a HELOC.

You could adjust their rent as you transition them over at lease renewal letting them know that $50 of their rent covers the heating cost, so they pay $50 less per month and now pay for heating directly.

If MFH, it's closer to 500'ish but many specific variables rapidly adjust that such as use of on-site PM assistant's, caretakers etc..

What adjustments should I make when sizing up a commercial property?

Have prices dropped significantly (back to 2018-2019 levels, even after adjusting for inflation)?

UPDATE: I had a good conversation with the ALE relocation specialist yesterday, and she's submitting the pricing info I requested to the insurance adjuster.

That's why you always have to anticipate these nuances and build them in to the asking price from the get go.My 3 cents worth adjusted for inflation.

For instance if you have agreed on a sales price of $200,000....see then if the seller is willing to adjust and go for a deal of $206,000 with a $6,000 seller subsidy.

Original mortgage is an adjustable rate mortgage.

I often hire the contractor that are reliable but bids in the middle of the spread, and I often have leases that probably have room for adjustments, but if my deals works for my own metrics at conservative metrics, I will do it.And slowly the market rose, and then very very steeply we entered a seller's market.