Of course PM companies are a necessity for passive and out of town investors.

I definitely feel like I need to search for another law firm/title company but i went thru a list of 20 potentials and this was the only one that fits exactly all my necessities in closing.

An agent who is also an investor is a huge necessity!

optimism is a necessity, but for most folks, the reality of bills, loan payments, groceries, kids, families, make being a full time investor something that usually takes a while to build.

I've held rental property since 2008, but that was more out of necessity than it was a deliberate investment move.  

I see a lead paint program as a necessity to force landlords to update their properties, many owners will have to decide if they will re-paint or install vinyl siding/windows or dump their properties to new owners who will.

We're currently landlords through necessity.  

Every property management company will provide a breakdown for their services and it just comes down to your goals for the property and quality of life you desire while traveling.Pending on the type of MTR travelers you receive and your space, with MTR you are providing the same things as a STR, but most of the necessities (paper towels, toilet paper, cleaning supplies, etc) are going to be fronted by you, but necessary for you to keep them stocked week by week or month by month (based on the expectations you set up from the beginning).

I could see the necessity to be on the insurance in case the tenant tries to sue them, but I figured their real estate insurance would cover them.  

Older economy properties are generally owner operated and run very lean (based on necessity).