To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In 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!

My question for you more seasoned investors is, what policy terms must I make sure are part of the policy I end up selecting to ensure maximum protection of my asset?

And also engaged with institutional investors on a regular basis.I'm highly entrepreneurial and figured out that what I really want to do in my professional career is US multifamily investments.What I've done so far is selecting the markets I'm interested in (in TX), building a comprehensive financial model to analyze deals, and creating a very detailed due diligence list.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In 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!

I strongly recommend North Jersey as you'll get way more bang for your buck and your open to a much wider selection 

BiggerPockets has a section just for this, Under the BUILD YOUR TEAM tab- then select- MEET UPhttps://www.biggerpockets.com/forums/521Best of luck to you!

Once you know you have selected the best market, then analyzing the deals comes next.

There are various makes, select one that is overbuilt if you are putting it in a rental.

Then hover over services, a drop down box will appear and click select short term rentals.

I'll be more selective and avoid renting to those with emerging credit or uncertain financial situations.