As far as the book keeping on your end, just keep it simple.

They generally have large portfolios allowing for in house maintenance and management staff along with a point person who is communicating with the local housing authority on a regular basis and has the ability to streamline operations. 

The primary reason for the price of anything is simple supply and demand.

The most important thing to keep in mind is that fast, quality maintenance and good communication are by far the best forms of customer service a property manager can provide.

We currently use an insurance broker that covers while in rehab and then adds loss of rents later once applicable, but communication is difficult when there is a broker involved.

His message was quite simple: Until you've been humbled, you have not figured out this business.

I include written instructions for payment, reporting maintenance, and how the tenant can communicate with me.

How I found them was pretty simple, actually.

If you are willing to rent rooms, it is a simple equation and you can live for free, it literally is just finding a house where you can add multiple bedrooms and turn a 4 bedroom to a 7 bedroom or a 5 to a 7 bedroom and you take the smallest room or a trailer and renting out 7 rooms, you can definitely achieve cash flow.

Communicate w/ your PM, the City and follow up until it's resolved quickly.