Lets face it, some 10 or even 20 numbers you could just write it down on a piece of paper or an old fashioned addressbook...You mentioned:  "I'm assuming PM collect the payments, manages the lease, track tenant activities etc." 

Does that mean the $2362.42 paper check is on its way and I don't need to take action? 

In this morning's paper, a private contractor offered to donate 20 acres to Maui County for a landfill for a percentage of tipping fees.

I guess I need to see this on paper so that I can visualize a clear goal and work towards it.

But I believe that, on paper, this app does actually do most of the stuff I said I wanted in a property management product.All that said, if you are comfortable using an app for everything, and/or if you have a pot of money you wouldn't mind rolling the dice on to earn 6-8% interest, by all means give it a shot.

REPLY: You don't :)As Jeff said you can find general info about a property but you will not find any info in the county records that says this home has equity - that would be nice though :)Equity is a funny thing and many on here may have an opinion but Equity on paper is the difference between what it is "worth" (lots of definitions of that) and what you paid (or owe).

It may pencil on paper, but you'll likely be underwater net of all costs of truly owning a physical asset.

Here's a PARTIAL list:Office rentComputers, printers & softwareInternet & phone billOffice furnitureOffice supplies: paper, postage, ink, etc.Office liability insuranceAuto expenses: monthly payment, insurance, gas, maintenance, registration/plate feesBroker license fees: annual, monthly board & MLS fees, continuing education fees, E&O insuranceEquipment: lockboxes, signs, etc.Business income tax preparation and paymentsStaff payroll & payroll taxes Time Tasks: answering phones, calling past due tenants, scheduling tours, taking marketing pics, processing those pics, writing ads, researching rent amounts, posting ads, explaining to owners how rent determined & showing where ad posted, opening & processing mail, posting payments, bank deposits, scanning documents & posting to owner & tenant portals, explaining accounting to owners so they understand their monthly statements, taking pics/videos of repairs, finding reputable handymen and contractors, confirming they're properly licensed & insured and tracking annually, verifying repairs done properly, processing invoices for utility bills, repairs, taxes, city inspections, scheduling periodic property evaluations/inspections with tenants that don't want strangers in their homes, explaining to owners why taking so long, and more & more & more...

Every promise, every clause, every little detail should be down on paper.

Your cleaning person should also let you know if you are short or need supplies (i.e. toilet paper, soap,etc) or if anything is broken or missing.I would create a checklist for the cleaning person of what they need  to clean every day, what needs cleaning once a week, and what needs cleaning once a month.