The administration process alone can takes months to go through.

And as you pointed out, they advertise ultra-low management fees, but then sock the guests with big booking and administrative fees.  

I am an occupational therapist and a RCFE administrator (passed the exam recently in May).

Annual Administration $75 A year end fee is assessed to help cover costs of the preparation of annual year-end statements, rent-rolls, 1099 Federal Tax form and annual review of entire account. 10.

-Finally, traditional banks charge administrative costs and other charges.

I also have a master's in Healthcare Administration.

This administration is quickly turning the country into a renter nation and there could be some backlash with that.Of course some of this can be overcome by buying in landlord friendly states.

This may include construction administration, surveys, punchlists, etc. 

@Jackie P.Yes, you want a true custodian and not a 3rd party administrator that layers themselves between you and an underlying custodian. 

We should be concerned that our system allows a judge to be a participant in the administration of purported justice, but does not require the judge to ensure that the defendant layperson tenant / lessee fully and completely understands his or her rights, and makes sure that they do not unwittingly waive any important rights.In theory, a tenant / lessee could make 7 of 8 payments, or 12 of 15 payments, and yet find him or herself in the same situation, to wit, unable to communicate with a virtual landlord, with an out of state property manager, both of whom were unresponsive to communications, and contact only with the attorneys representing the virtual landlord, while standing before a judicial officer more interested in the processing of cases as opposed to ensuring that the less sophisticated party fully understood their rights.I think that this issue is one of universal appeal and concern.