The tenant renewed, and we have another 5 years.  

In Maryland for a year lease, you have to give 90 day notice of non-renewal.

Get something you don't have to renew or refinance so you don't have to worry about it later.Also, be sure that the property is zoned for STRs out there. 

When the lease renews, send them a new one with your company name and terms.

I would try to get a 5 or 6 month lease at cheap after a washer dryer add then renew in June for a higher amount or register it then and optimize the rent. 

Remember Clayton’s BP podcast where he said he made the big bucks on TV, but he still had to worry about his contract getting renewed, will he get fired, time away from the kids, long hours?

Or is it a letter stating that after such and such a date we will not be renewing your lease?

Collection is on time, they address repairs promptly, leases get renewed and increased based on market research.

They can handle time-consuming tasks like lease renewals, tenant correspondence, and basic admin work.

Some investors will just not renew, keep the option money and find another tenant to do it again.You have clearly exceeded critical mass, you buy above median assets.