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Paul O'Connor
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35
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Property Management in Lubbock, TX

Paul O'Connor
Posted

I've seen a few other posts about this, but I've called around and a lot of these property management companies are also real estate brokerages, where these realtors are property managers. They also charge fees that I'm not so sure are commonplace. Is it common for them to charge 50% of the first months rent when a new tenant moves in? Is it common for them to charge $250-$350 for every lease renewal? I thought it was a flat 10% of gross rent... maybe I was wrong. I'm looking for a property manager who doesn't charge all these other fees (does that exist)? I can do the background checks, as long as they can do the walkthroughs, collect rent, do key handoff, and applications. The fees just seem excessive to me... are these pretty standard across the industry? This is my first time shopping around for a property manager.

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