You don’t have to constantly remodel/renovate. Replacements can be reduced by not buying the cheapest thing you can find, I’ve done rental management and let me tell you even non corporate landlords are fucking retarded and waste money constantly replacing the cheapest appliances they can find instead of just getting something that can last. Same with repairs on pipes etc. They always hunt the bottom barrel cheapest dumbass they can find who has no idea what they are doing and ends up increasing the cost exponentially over time vs just doing it right.

Don’t even get me started on the money wasted marketing, it does nothing. Most people just search their desired area from the popular listing sites any dollar spent on literally anything other than just making sure your listing is updated on MLS db is money down the toilet.

I could go on but tldr if your rental isn’t at least in the black it’s probably your own fault.