Who will monitor the efficient working of the connection, etc?

The biggest issues came down to under-qualified VAs, not being able to monitor whether they were reaching their KPIs, and poor performance.I can't put all the blame on the companies I worked with though, because I feel that I didn't set the VAs up for success (poor training and poor SOPs), however I didn't really have the time to improve that part of it either. 

Just make sure to monitor after the repairs to check any additional damage that may continue to develop.

His opinion is balanced and allows for a fair discussion on what a qualified management firm can do for it's clients.As to your primary questions, a property management company will not do your taxes, will not prepare K-1's, nor establish, monitor you entity (LLC, etc.).They will, upon your authorization, set up trust accounts in your entities name, collect rents, establish operating budgets, contract for services, pay bills, handle tenant relations, handle defaults, evictions, tenant improvements or turns, deferred maintenance issues, inspections, financial reporting, coordinate legal issues, leasing (if you so choose), maintenance, design modification, etc.Your biggest responsibility as an owner is to make the right choice concerning the person and company that is going to handle your asset.

I monitor what is for rent in the areas of my places continuously. 2.

Bigger Pockets has some great state forums and local real estate investors do monitor those and I think you will get more responses there.

@Dave Laird I see you have some good responses already but just in case Bigger Pockets has some great state forums and usually there are good locals that monitor those.

They usually have some good locals that monitor each state forum. 

The next plumber fixed for $125Personally, I would do nothing and monitor the use of toilet paper and such and more than likely you won’t have another issue .  

I had been looking and monitoring the market very closely for months.