The property manager should be involved before you buy any property to give input on due diligence, how to increase income and reduce expenses, and to make repairs or improvements to maximize occupancy.Excellent property management is critical to your success before, during, and when planning to sell or refinance.To your success!

I also look at future development plans in the area, as new projects can increase property values and attract more renters.

I'll focus on maintaining the property and optimizing rent increases to ensure consistent returns over the years.

Whether we agree with these items or not, the following are inflationary government policies: stimulus, student debt relief, tariffs, increased child tax credits, limited immigration, and big government deficit spending.

And during inflationary times rental rates increase.

We might consider a slight increase in 2026.

Your returns could be increased if you are willing to rent it by the room to individual students. 

Change all lighting to LEDTo increase revenue: 1.

I recognize this is not the sole source of return, but the other sources have their return increase with smaller equity position. 

In this era of increased rates, obtaining properties that will produce a good return are harder to find and often involve quite a bit of work.