I'm dumbfounded by this behavior but see it all the time.

Learning from the experiences of others helps that experience come much more quickly.I've had one situation where it didn't work out as well as we'd hoped due to bad behavior by one partner, so that was unfortunate.

It is a coefficient representing behavior of the marketplace relative to deployment of capital as a function of NOI.

Give you the wherewithal to pursue and achieve your long-term goalsMany investors start off "too hot", and they either overdevelop their first property or they spend their money too fast - either of these behavior will stop you dead in your tracks, and you probably won't even be able to achieve your short-term goals - and you certainly won't have the resources to pursue your long-term goals.

Then you started wondering who encourages behavior as such?

You cant charge now for it but when you renew you should consider this behavior in particular if it repeats.

The problem with giving gifts is it creates the wrong expectations:You expect the tenant to be good to you in response, but it will not change their behavior for good or bad.They expect you to give them a gift every year, so when you don't give them a gift next year, they are disappointed. 

I know none of the above will 100% predict any particular market's future behavior, and I'm not asking for a place to go that will give me 'predictions'. 

Give you the wherewithal to pursue and achieve your long-term goalsMany investors start off "too hot", and they either overdevelop their first property or they spend their money too fast - either of these behavior will stop you dead in your tracks, and you probably won't even be able to achieve your short-term goals - and you certainly won't have the resources to pursue your long-term goals.

The cash may earn some degree of interest but it will be a drag against real performance.Net real taxes are rising faster than rents and real wages· Real taxes are rising faster than rents; governments are incentivizing home ownership over rent seeking behavior.