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Reasons could be peace of mind or insurance purposes.

You cannot have rent increase effective immdly in NSW. 60 days notice is required, at least this is my understanding

I just did that on my recent IP. I dont self manage. My PM collected the papers from the tenant's existing PM a day after settlement. She then sent the tenants a letter that they will be managing the property and option to sign a new fixed term lease with increase in rent effective after 60 days.