Property management - to be profitable - relies on scalable processes and procedures. 

I definitely rely on just peeking at my bank account every couple weeks to make sure things are as expected.

Let me demonstrate why you should not rely on this approach.Suppose you want to compare two properties.Property A:Rent: $1,800/MoPrice: $300,000Taxes: $2,000/YrInsurance: $1,500/YrAssoc Fee: $250/MoProperty B:Rent: $1,600/MoPrice: $300,000Taxes: $800/YrInsurance: $600/YrAssoc Fee: $35/MoCalculating the rent price ratio for both propertiesProperty A: $1,800 x 12 / $300,000 = 7.2%Property B: $1,600 x 12 / $300,000 = 6.4%So, Property A is the better property!

I bet that translates into other good practices, like fast response times when people reach out to you.

You don't want to rely on your tenants for WiFi service, it's not a good idea.

This means low monthly payments for high cash flow, which translates to low interest rates and extended loan amortization.

Cities near forests, lakes, parks, etc. that have a history of short term rentals will always rely on that.

REI Game Changers is a beginner program that relies on cheap spray and pray list marketing.

I've heard some people rely heavily on the MLS, while others use wholesalers, pocket listings, etc.

Yes, I probably have some protection, but rely mostly on insurance.NOTE: we manage a lot of Class C properties and unfortunately get sued 2-3 times annually.