New Property Managment Company Fees.

[Xavier Arroyo]

HI! We are creating new property management In Waco, Texas, and need some ideas or advice on what we should charge for "Lease up," late fees, and pet fees.

[Patrick Pendley]

I would be careful discussing fees. TREC takes its anti-trust violations and price-fixing rules pretty seriously. Additionally remember, in Texas Property Management is a service you need to have a Texas Real Estate License for and all of the business needs to be conducted in the Brokers name. The biggest part of that is that the trust account needs to be in the Brokers name. I am in Waco as well, feel free to reach out and I will help you how ever I can. 

Here is a link to some FAQs 

https://www.trec.texas.gov/taxonomy/faq-category/property-ma...

[Michael Smythe]

Just shop the competition and go from there.

Be careful of thinking you can undercut everyone - they probably know more than you do about what it costs to stay in business.