When I rented to foreigners, they came either as international students or for a techie job in Silicon Valley.  

I only used M2M agreements when I managed an apartment building in Silicon Valley.  

There have been periods of high inflation since the 70s, the emergence of Silicon Valley, and other supercycle-type events.

I managed a building in Silicon Valley, and as you probably know the rents went into the stratosphere after the market rebounded.What happens is, you tell the tenant you're going to raise the rent. 

It's not required to be competitive, even in Silicon Valley, where I rented out units to techies and students.  

Very clean and well-maintained, in Silicon Valley next to a university.Anyway, the number that scared me was 599 and below.

I rented apts in Silicon Valley, and it was madness.  

But, I have a friend who lives in Silicon Valley (Santa Clara) and what she did was looked for a commuter tenant.  

I learned that for the place I managed (26 unit apt building) in Silicon Valley, CA, that month-to-month worked best for us in the building we had.  

I was a resident manager in Silicon Valley.