Although AirBnB'ers will need to get more practical and realistic with their nightly pricing, I mean cleaning fees right? 

There is a car on the driveway whose tires are practically stuck on the driveway, a neighbor told us it hasn't been moved in 8 years since the owner died.

For us, the best practice is to drive by and observe the exterior often (monthly is good, weekly is better), inspect the exterior in the spring and autumn, inspect the interior regularly (semi-annually is good, quarterly is better), and deal with maintenance needs and damages as we find them.

Written by attorney investors, it's full of practical advice pertaining to management of investment property, has sample forms that can be edited, and - most importantly - they tell you what your primary state laws are and where you can read them.

Is this common practice?  

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

If ignored, the attorney can lose their license to practice Real Estate Law and closings in NC.

It's common practice for loans to get sold multiple times.

Laws change , etc ...We like to promote ethical and legal practices on here .

I would definitely be open to them keeping 10%(ish) of the late fee as would be customary of a typical rental income fee.Anyone have experience on this or can shed light on best practices for PM/owner relationships?