maybe you're losing a few hundred in cash every month, but i'd be willing to bet the appreciation, debt paydown, and tax benefits combined are seriously outweighing that. you could look at this like putting the negative cashflow every month into an invisible savings account for the future, like a retirement account. this obviously only works if you can comfortably lose that cash every month. you could also consider not renewing the lease and doing STR or MTR in that property?

Additionally, they've agreed to pay $200 more per month than our current tenant, which is an offer that aligns well with our financial objectives, even as we plan to adjust the rent upon renewal for the existing tenants.This MTM arrangement also perfectly aligns with our plans to make improvements to the property.

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

The requirement after getting the license or we set it up on management is easy...Pay the taxes and renew the license every year. 

With this VISA, you're able to live in Japan for 1-3-5 years (depending on what they give you), up for renewal each year. 

One benefit of giving ample notices has been getting the notice reciprocated from a tenant of non-renewal of lease (90 days).

@Carlos Ptriawan @Jay Hinrichs Residential ground leases in Maryland (Baltimore City mainly but also surrounding counties) are typically 99-year leases renewable in perpetuity, meaning as long as the rent continues to be paid the lease is automatically renewed for 99 more.No pay or slow pay and you can loose your leasehold property.You can "redeem" the ground (well except for "irredeemable" ground rents, but those are quite rare and another story) by buying out the owner of the fee simple interest a cap rate formula based upon the date the original lease was created.

NYS HOME Program | Homes and Community Renewal

Personally, if I knew I wasn’t renewing someone I would let them know today.

This site says landlords need to give 60-90 days' notice of renewal and tenants have 30 days to respond.