The above are the basics of accounting, you don't need to be an accountant, but accounting is the language of business, if you can't speak to these basic accounting functions, you can't talk business. 

Once you have a short list, get an account with each one and run them through the wringer to see how they really function.

Please let me know if there are critical functions that you have found most useful. 

The Management Company is usually, primarily, fulfilling an accounting function...receiving payments from owners, disbursing payments to vendors, preparing monthly financial reports for your Board.

The systems also has a review function built-in, but we do not offer a full suite of rental management tools.

These software options may require a bit more setup and learning, but can provide more robust features for managing your property's finances.Overall, the key is to find a software solution that is tailored to your specific needs and provides the features and functionality you need to effectively manage your property's income and expenses.

Listing the elements you need to solve for during a named due diligence period (like those you have set forth) is a good practice and should be prefaced by the words: "Such as, but not limited to" which will then include any other factors that have not been specifically cited.In addition to citing the elements that define due diligence functions is the TIME needed to get them done.

We have started the process of converting our unfinished basement into a functional living area to rent out for games, graduations, move-in/move-out, etc.

Not only quality of PM's, but PM's being choosy about where/what they manage.I would reach out to Anna, my @ function isn't working today for some reason so I'll post her link.  

A new, expensive apartment in a hip area may be one you want to re-decorate  interiors frequently to keep it fresh, while an older property in workforce housing is more focused on clean and functional over style.