Investing & Property Management in Mays Landing, NJ

[George Wade]

All, I own an investment property (a condo) in Mays Landing, NJ and am considering purchasing a second condo in the same, Mays Landing, NJ area.  Since I live in the New Brunswick, NJ area (about 1.5 hours away from Mays Landing), I am considering using a property management company (PMC) to... you guessed it... manage the two properties.  The PMCs I have spoken with thus far want the tenants to mail the monthly rent payments payable to the PMC, the PMC would take a 10% cut, then EFT the balance to my bank account.  Some questions for this knowledgeable group... 1) Does 10% sound reasonable for condo management (it sounds excessive to me) when the condo association covers all of the outside maintenance?  2) Can you recommend a PMC that would handle a Mays Landing condo or two?  3) What are the services I should expect from a PMC?   

Thanks in advance, George