For long term Tenants, you want stability; you want some skin in the game, moving in furniture, appliances, knick knacks, and recreational gear.If you furnish, you are creating a new maintenance headache, and an additional list of items that you need to track.

It's like hiring a painter to show up and paint a house that isn't built yet. 

Keep the kitchenette as clean and built-in as possible A single cabinet run with an under-counter fridge and microwave shelf usually feels much more polished than separate appliances sitting on the counter.

But I'd push back slightly on the premise -- the biggest margin compression isn't coming from one line item, it's the cumulative hit of labor being sticky at the top while material costs stabilized.

I started submitting itemized rehab breakdowns by room and my rates dropped 2 points immediately.

Curious to hear from other investors on this.For those holding newly built homes (2023–2026 builds), are you self-managing or using a property manager?

PROPERTY OVERVIEW - Extract key details (address, units/SF, year built, occupancy, unit mix) - Property condition and recent capital improvements 2.

Building was built in 1972.

There is an old farmhouse built in 1929 sitting on about 2.5 acres at the front of the property, I'm in the process of securing a loan to renovate it for use as a STR.

Missed a lease renewal, forgot an insurance expiration, spent 3 hours one weekend trying to reconcile why my PM disbursement did not match what I expected.Where I landed differently is that I kept my PMs but built systems to verify everything they send me.