Some helpful hints on managing fiefs...
1) Money is what you are after and the fief is where it comes from.
2) Loyalty is the second most important thing in the fief.
So when working a fief look for the money you can get and the loyalty.
Related Topics:
Maximum Taxation
Savings
What a Good Bailiff Looks Like
Infrastructure Expense
Garrison and Keep Expenses
Loyalty
Tidbits on Fiefal Management
Dealing With Graft
Expenses