New to Property Manager- Have Questions??

[Neil Whitney]

I am in the process of purchasing my first out of state property. I am considering hiring a property manager to manage the property for me. my question is can I hold them accountable same as i would a tenant?  If rent isn't paid by the fifth then can i charge them a late fee? Would this not give them the incentive to have the rent collected on time? They should be charging it to the tenant anyway if they are late. What questions should I ask of the property management company? is there anything in particular that I should be watching out for? Thanks in advance for the tips!