Hire the right provider for the right job!

Unlike some people, I believe HOA is good costodian often finances, get volume discounts, do the effort of hiring contractors and maintain common space so in that regard I consider them a value. 

@Gabriel Sastre hire a good attorney

Hire correctly and your rentals should be very hands-off.

Very true, same reason I hire out all the contracting work that I can as those pros are much better/faster at it then I could be!

I also recommend hiring an accountant that specializes real estate taxation. 

HI, We are taking over a rental  unit from current rent managament company we had hired.

If I hired a PM that would also take care of collections (among other things) would I still need a service like rent redi?

When you hire people to work in your business you are buying their skills and time.2.

Decide whether to manage the property yourself or hire a company.Good luck!