It helps that I start at 7 and finish up at 4, and my lunch break is flexible between 11 - 1 daily. 

Now, if the PM company is saying that the asset needs a lot of hands-on management, and they require someone to be on site daily because it is in a Class D area for instance then maybe that would warrant such a high fee. 

Aside from daily management, what else do I need to do?

Hi, I am buying a new rental property out of state and will be relying heavily on a property management to run daily operations for me.There are tenants already in the property and a property manager in place that the seller is currently using.Should I just continue with the same management company (considering the tenants are familiar with them) or use my agent as the new property manager (since he knows the property well and I have worked with him closely for a month now) or look for a completely fresh property management .Can someone please help me understand what’s the best thing to go with??

I read it daily. 

We have been going to our local REIA and I look at Loopnet and Realtor.com pretty much daily but seem to be having trouble finding good leads or a commercial broker.  

They do all the yard work and clean as part of their daily chores, etc. but the program charges a substantial amount of money that is paid by insurance companies, so they cram a lot of beds in each room because they are making money with more clients.

I quickly got some wire fencing and metal posts and installed a fence like my hair was on fire.2 days later he came over. 

I'm seeing deals daily in the MLS, so they are out there, and of course if you pick a part of town that is likely to have a high rental or low income market, you should be able to farm the hell out of it and pick up some off-market deals. :-)

While yeah, each day on market, interest continues to accumulate (assuming there is still a loan) and/or maintenance costs accrue, taxes become due, HOA's may become due, etc. but, at least in this market, it also appreciates daily by some amount.