Downside to having multiple different PM's?

[Ishviyan D.]

I'm hoping to build out my portfolio in the coming years and may face situations where I purchase properties from different turnkey providers in the same market. Given that each turnkey provider has their own established PM, whether in-house or external, is there any downside to having my properties managed by 2-3 different PM's in the same market? Or is it better to consolidate and bring all properties under one PM? I am speaking purely from an operational / efficiency perspective assuming all PM's in question are equally effective and capable. Curious if anyone out there has any opinions on this. Thanks.

[Account Closed]

I am against buying turnkey properties that come with a PM. Personally, I think most if not all are scams.

That said, the upside to having different PMs is that if one of them is ripping you off, at least it won't involve all of your investments.