However, RE prices did not decrease but continued to rise.  

To manage these rises, you can adopt a few key strategies to control expenses and maintain profitability:Accurate Budgeting and Contingency Planning: Start by creating a detailed budget, accounting for current labor and material prices.

The idea being in a hot rental market with rising values a sale in 10 years will net us a decent amount of money, even if we are only seeing a relatively small percent of total equity in the deal.Thoughts?

In my area it is common for landlords to pay for heat which promotes a lot of abuse with the system in that tenants keep the heat at unreasonably high temperatures and often open the windows in the dead of winter when it can be -20 out.

Other cases- hazard insurance was not renewing or placing high subject to repairs/improvements to maintain or the market cap of my commercial apts was rising as fast as interest rates like in '22. 

Despite concerns over store closures, demand for retail space surged in the second quarter of 2024. Retail tenants filled nearly 13 million square feet, marking an 80% increase from the first quarter and the 14th cons...

Also, the number of buildings falling out of loan compliance is continuing to rise and cash buyers will have the opportunity to come in at a discount.

Let's just hope none of your tenants read your response and figure out what a pushover and easy target you are.Not aware of any laws in Chicago or Illinois that require a landlord to provide a property with a MAXIMUM temperature.

A significant challenge with the BRRRR method is the rising rates and extended seasoning periods for cash-outs.

The rapid rise in interest rates have caused somewhat of a mess for multi-family but that damage is likely already in the past (but not played out yet).