So many strategies available to you to start out with, a big part of it depends on if you are looking to be hands on or continuing to pursue other opportunities at the same time. 

Line Item Fee Collected Rents 10% of All Collected Rents New Tenant Search & Onboarding $500 Business Hour Service Calls $80/hour + Materials Cost + Tax After Hour Service Calls $110/hour + Materials Cost + Tax HVAC Cleaning & InspectionGutter CleaningSpring/Fall Exterior CleanupSeasonal Mowing & Weed TrimmingSeasonal Snow PlowingGeneral Contractor Vendor Cost + 10% Oversight Fee

., I would do a search on here for Galveston and you will find some info.There are a lot of STRs there so you will be forced to compete on price so self managing is going to be the way to go.

You collect so much stuff over the years.

So far, so good, but it is early. 

The recent earthquakes destroyed many multi-family complexes and will continue doing so.

Things are going well so far - I am using Grant Shipman's model (LivingSmith) instead of padsplit, which works great for me.How nice are the neighborhoods you invest in? 

The owner is making money so the PM should also make money.

So, if a tenant is paid on the 3rd or 4th and initiates payment on the 5th they do not incur a late fee. 

There's no real harm to keep tracking your hours, so it shouldn't matter too much anyway at this point.