Some will charge a percentage each month but also a start-up fee, a leasing fee or lease renewal fee each year, administrative fees, maintenance fees, etc.

“-He signed a lease, missed four months of payments, was dealing drugs out of his apartment, and disrupting the peace of the building.”

Many realtors are more administrative contract negotiator these days.

And, of course, it's not free - you have to pay administration fees, find an independent trustee, etc. 

He didn't drink and didn't smoke and didn't use drugs.  

The Connecticut administrative regulations (and many leases) provide a 10 day grace period.

Do you think the current executive branch is held to any executive action from the Obama administration?

., administrative fees for loans, administrative fees for property insurance, etc.

Trust administration? 

There have been some complaints  from investors on the administration side  alleging: improper reporting of tax information, lack of updates on problem investments and  other customer service issues.