Separate Property Mgmt Companies for Two Rentals?

[Mike Warder]

I just lined up a property management company for a buy and hold townhome I closed on yesterday in Summerville, SC. I have a SFR there that will close soon and I need to decide whether to find a second company to manage it, or to just use the company i'm using for the townhome. I'm investing from out of state and know it can be difficult finding good management companies. I've done my due diligence on first company, but I won't really know how much I like them until we get tenants and spend some time working together. I'm thinking to use a different company for the SFR to hedge my bets in case one doesn't work out. None of the companies I've looked at offer any financial benefit to managing two properties.

Anybody have experience with this approach? Am I thinking about this the right way? Thanks in advance for any insights.