Call pest control. 

Smaller projects or cosmetic flips are one way to control costs but full blown renos are still viable as long as you buy right and control what you put into it (do not over improve).

They auto-match receipts, categorize expenses in real time, built-in approval flows and spend controls and integrate directly with accounting tools like QuickBooks, Xero...

I think the most important thing you can do is work to lower/control your costs.

A common setup is to hold your rental properties in an LLC for liability and organizational purposes, then have a family trust own that LLC so the assets and income can easily transfer to your kids later without probate and with more control over taxes.

The second is control.

True DCR should include all the recurring and predictable expenses you’ll actually pay to keep tenants happy, properties safe, and the city off your back.Here are a few commonly missed or underestimated expensesthat destroy real DCR: 🐜 Termite Bonds & Pest Control: Annual termite protection and monthly pest control are non-negotiable in many climates, especially in the Southeast. ❄️ HVAC Maintenance Contracts: Annual tune-ups and semiannual filter replacements aren’t optional if you want your system to last.

Hey all,I’m toying with an idea and wanted to get some real feedback from people actually in the trenches.I know most of us don’t want/need a full property manager (8–12% of rent is steep, and a lot of us still want to keep control).

NY is all about bequeathing property owners with all of the responsibility but none of the control. 

In fact, pre-leasing velocity in a lot of Tier-2 and Tier-3 university markets continues to outperform expectations.Here’s what this means for investors:Student housing has proven far more recession-resistant than most realize.Demand is built-in - students keep enrolling, and they need somewhere to live.The operational complexity is higher, but so are the returns if managed well.For me, this reinforces a big shift we’re betting on at Gold Crest Holdings:When you understand your tenant base and control execution, location near strong universities becomes an incredible defensive play.Curious how others on BP are viewing this trend.