PM is own repair team & General Contractor, pros/cons

[Ben Simpson]

The PM company I use in Indianapolis employs a team of repairmen and handymen, and also will act as General Contractor when specialists are needed.

I'd love to hear back: is this common?, and what investors think about the pros and cons.

My experience with this specific team so far:

• pro: speed. the jobs are estimated and completed quickly
• pro: cost. the PM says the costs are very competitive.
• con: trust, all of the above pros are just what the PM company claims, I have very little checks in place. Things are not exorbitant when I look at the bills, but there is no third-party involved.
• con: bids, there are no bids, just a quote from the PM
• con: examination, the Property Manager wants me talking to him, so I don't speak with the repairmen to validate information