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All my new tenants are also started off with the market rent, but throughout the years, IF the tenants are trouble free, I would loosing the "increase" a bit each year, until the tenant is moving out, then I would advertise with the market rent for the new tenant again. I know investment is...

The rent is $40 below market value, since tenant is good, so notify the PM to increase $20 after the lease expired, tenant has sent a letter to inform that they will move on when the lease expired. Fair enough, so PM has put the IP back on market and advertise with the market value. There are...