Property Management Company considerations

[Mit P.]

To the BP community! Hello!

I am a property owner of one retail/commercial ground-floor tenant, accompanied by three residential units above. Presently, I personally manage the property which includes rent collection, addressing repairs, and the like; I use a realtor to rent the residential units. I live approximately 3 hours away and in 5+ years owning the property have not had major issues addressing matters timely or effectively (knock on wood!). I am now considering moving further, where driving to the property would not be possible. I would like to understand the basic range of costs for property management companies/property managers, their basic responsibilities, overall what I should expect and ask of them. Any thoughts here would be helpful! Thanks much in advance!