Ultimately, I did not renew my VRBO annual subscription and dropped the listing.I think if your unit is suited to larger groups, you will do well on VRBO.

After one year, the tenant has renewed the lease along with a market rate rent increase.

Or they don’t know how many days notice to increase rent or non-renew.

Her lease is up in mid February so I was proactively planning on giving a yearly renew at that time.

Pile on every violation they have done on the lease and hand them a non renewal of lease letter giving them 30 days to leave.

It does not protect against non renewal of a lease or lease violations. 

Darn, I was hoping you had some leverage to negotiate the retail PM fees down.My own PM doesn't charge placement or renewal fees. 

We like the tenants and hope to have an easy renewal. 

I am in process of renewing my PA real estate licence and obtaining my NJ licence also.

So if you hold for 10 to 20 year eventually close to a 6 cap or if they leave then release the building (typically get building for free if tenant does not renew the option) and convert to absolute NNN at much higher rates.There is long term value add and short term value add NNN.