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ChickAnon
Anonymous
OP, I'm pretty sure that's a Cordyline, they are very common, but yes, you are watering WAY too often. Cut that rotten part off, and keep cutting until you get to healthy green tissue inside the stem, with no brown bits. The plant will recover and put out side shoots. Water only once a fortnight, if that, and not at all during winter unless it REALLY wilts.
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