In some markets despite rent declining, and in California, we are facing rent increases that even when raised to the limit (under 10% in CA in any 12-month period), there is no real way to incentivize residents to sign a lease to renew? Thus, we used to increase rents and then add on a factor for staying MTM as a premium. However, in CA no matter what you call it, the 10% cap is inclusive of all rent and that premium. So, if you want to raise the...In some markets despite rent declining, and in California, we are facing rent increases that even when raised to the limit (under 10% in CA in any 12-month period), there is no real way to incentivize residents to sign a lease to renew? Thus, we used to increase rents and then add on a factor for staying MTM as a premium. However, in CA no matter what you call it, the 10% cap is inclusive of all rent and that premium. So, if you want to raise the top amount and rents may still be below market, you have no incentive for them to sign a new lease as they know you cannot do anything for another 12 months so why lock yourself into a lease. How have any of you dealt with that or is it that the reality is that you just have to offer some thing less than the full 10% with enough of a gap between that and with an added on MTM premium to hopefully make it wide enough of a gap to entice a signed renewal lease? Show more