General Advice on renting my property

[Jason Strauss]

I am moving out of my primary residence of 5 years, and transitioning it to a rental property.  I've already hired a full-service management team who will provide turn-key management.  I've begun keeping receipts on upgrades, fees, etc... to be prepared for tax time.  They will be filing my 1099 for me to the IRS.

In general, what tips and recommendations do you have that I should keep in mind in my first year of renting, and for a first time, hands-off landlord?