This agreement can specify that Cousin B manages all rental activities and reports the rental income and expenses.Property Management Agreement: Cousin A can hire Cousin B as the property manager for the rental portion of the house.

Visiting the property is up to you and your comfort level with your property manager, home inspector, etc.

Regardless of the current condition there is ample opportunity to stand out from existing rental competition with attractive styling, design, decor and pro active management. - Profitability & Consistency: Last but not least..prime Oregon Coast STR vacation rentals generally do very well financially.

I will be managing the property myself.

Is there an assumed percentage already embedded there for property management, CapEx and repairs?

There are also online portals from many property management softwares that allow people to pay online. 

Eviction and early termination history are big, big warning and for many managers, an automatic no.

(I also have experience as a sales manager and as a real estate agent, so I'm confident I can make the switch).

We would like to start building our portfolio with a long term rental, preferably a duplex, using a property manager.

Maybe, you can aim for a property with less of a down-payment and little equity used, should be easily manageable with the both of you.