I have 48 units in Central Maine I'm considering selling. However, we put alot of work into them and they are running so well, it doesn't make financial sense to sell them for a low price. So one idea I have is offering "free management" for 1-2 years for full (or nearly full) priced offer. We've been managing these properties for 6.5 years and this would offer a financial cushion for buyer, and maintain the comfort of residents having the same management they're used to.
What do you think? Would this be attractive to a buyer enough to buy at a 7% cap rate vs a more mainstream 8-10%? These are old buildings but decent neighborhoods and many MANY upgrades. (very little deferred maintenance).