They tend to just keep increasing it until you leave then just dial it back a little and get someone else in. Far worse than individual landlord that if you're a good easy tenant is gonna prefer you to an unknown, corporate don't care about that.

the property can always be sold to a new owner that has a different use in mind.

Another drawback, you're likely to have less negotiating power with a corporate-owned rental.

If you stay long enough, you might be forced to move to another unit for a renovation.