Even if they accept it, you run the risk of starting off with a bad relationship that will bite you later.Get rid of them and start fresh with new renters.No offense to the BP podcast guest, but building a binder with comparable rentals and then asking your tenants what they're willing to pay is a complete waste of time.

No offense, but for someone looking at a 90 unit apartment building which I'm assuming you will be syndicating to raise money for, this seems like a question for someone who is out over their skis a bit.

No offense, but that should have been done prior to purchasing this property.

They have frontline experience of the neighborhoods and can often guide you better than the internet does!

It was overpriced and had some offensive pet odors so it sat on the market for a few weeks which, combined with the post-closing occupancy, allowed me to make a lower offer that didn't offend the seller.

Depending on the bank you might run into having to disclose this with the bank or it’s a federal offense. the bank will need whatever the seller is financing to be off there hud 1 or closing statement.

With longer occupancy and nominal rent increases each year, you can reach and surpass the 1% rent to price ratio threshold.The biggest mistake I see investors make, and I mean no offense to anyone because after 20+ years as an investor I still make mistakes, is that they don't consider the quality of the area, the home or the management of their asset when trying to hit the 1% "rule".  

If you make an offer that is offensive directly to a property owner you are done.    

$10,000 wouldn't be worth bothering for a syndication, no offense meant to your friend.

No offense Brandon he just doesn't love real estate like the rest of us).