@Sanjeev AdvaniIn our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Never buy any property without physically inspecting it and its neighborhood yourself, AND having it thoroughly inspected by a great inspector who YOU select and pay for.

It’s also possible to have a negative net worth, which means your liabilities are greater than your assets.Examples of assets that may be included in your net worth include:Business interests Cash and savings Investments Personal propertyReal estateRetirement savingsVehicles Examples of liabilities that may be included in your net worth include:Credit card debtMedical billsMortgagesPersonal loans Student loan debtVehicle paymentsNet worth is very easy to calculate: You add up all your assets and subtract your liabilities.The net worth formula is:Net worth = Total assets – total liabilitiesHow to Select a Net Worth TrackerYou can choose from several net worth trackers to help you monitor your financial position.

If so which did you select and why? 

Don't allow something as simple as selecting the LLC's name become a complication in your business.

However, in my experience, the MOST important factor in the safety, security and property protection is tenant selection. 

When I was trying to determine demand for our area, I selected about 20 listings near the location I was focused on, and tracked them for several months.

@Eric StugartI would first select a market, and then find boots on the ground.

A positive answer reinforces their suitability as a renter.Tips for Conducting Effective Reference Checks Effective reference checks help you select reliable tenants who will respect your property and fulfill their financial obligations.

or would you rather be more involved in the process of purchasing/selecting coverage?