The same thing happened to me a few years ago, pretty much exactly. Apartment complex bought by a private equity firm, renewal came up during the transition, rent went down by a tiny amount. The previous (i.e. non-equity) owners kept incredibly shitty records, so my guess was that the new vampires just had to guess at a "fair market value" and fucked up.
we've found the secret, just convince these ghouls to incessantly play building hot potato with each other until everybody's rent goes down by fifty bucks
The same thing happened to me a few years ago, pretty much exactly. Apartment complex bought by a private equity firm, renewal came up during the transition, rent went down by a tiny amount. The previous (i.e. non-equity) owners kept incredibly shitty records, so my guess was that the new vampires just had to guess at a "fair market value" and fucked up.
we've found the secret, just convince these ghouls to incessantly play building hot potato with each other until everybody's rent goes down by fifty bucks