Classic Property Management Blog - Rental Property Management Tips

What to Do if a Tenant Violates Their Lease Agreement?

On September 13, 2024

Managing rental properties with tenants adhering to the lease terms 100 percent of the time is the dream for any Texas landlord. Unfortunately, that isn’t always the case. Violations, such as missed rent payments, unauthorized occupants, or property damage, can leave landlords in a challenging position. While eviction is always an option, it’s a last […]

What Type of Landlord Insurance Do You Need?

On September 9, 2024

Hosting long-term and short-term rentals has become a great way for homeowners to make stable money. Wrongfully, many potential landlords believe the transition between homeowner and landlord means minor changes to insurance. At Classic Property Management, we’ve seen plenty of homeowners become landlords, and we know the transition goes beyond the duties of a landlord […]

What to Do If Your Rental Stops Renting

On August 28, 2024

As a real estate investor eager to make a profit on your rental properties, you never want to face the facts that your homes are difficult to rent out. Even in a city like Dallas or Fort Worth where the rental market is extremely competitive, it’s possible for your rentals to fly under the radar […]

Tips for First-Time Real Estate Investors

On August 12, 2024

Real estate investment has long been recognized as a lucrative path to wealth creation. However, navigating this complex landscape can be daunting for first-time investors. As Dallas and Fort Worth’s lead property management team, Classic Property Management is here to help you understand the essential principles that can set you on the path to successful […]

The Unexpected Costs of Renting to Short-Term Tenants

On July 25, 2024

Thanks to platforms like Airbnb, Vrbo, and HomeAway, short-term rental properties have gained popularity among investors and homeowners. These platforms offer a lucrative opportunity to generate income from properties by renting them out to tenants for short durations, ranging from a few days to several months. However, while the profit potential is high with these […]

Is it Better to Sell or Rent My House in Texas?

On July 8, 2024

If you’re hoping to relocate from your current home in Texas, you’ll face the important decision of selling or renting it out. This choice depends on several factors, including your financial situation, market conditions, and personal preferences. Each option has its unique advantages and disadvantages, which can help you make the best decision for your […]

What Are the Duties of a Landlord?

On June 26, 2024

Being a landlord entails more than just rent collection and ensuring occupancy. It involves a series of responsibilities and legal obligations that ensure the property remains in good condition and that tenants have a safe and habitable place to live. For those managing rental properties around the Fort Worth area, understanding these duties is crucial […]

Are Rental Properties a Good Investment?

On June 17, 2024

The past few years have been quite a ride for the real estate investment market. Interest rates have fluctuated dramatically, rents have skyrocketed, and property values have seen significant appreciation gains, all amidst rising inflation and ongoing speculation about an impending recession. Given this roller coaster ride, it’s natural to wonder if rental properties remain […]

How to Increase the Rent of Your Rental Property

On May 22, 2024

As a rental property owner in the Dallas-Fort Worth area, one of the key decisions you’ll face is when and how much to increase the rent on your investment properties. Striking the right balance between maximizing revenue and keeping good tenants can be tricky. You want rent collection to run smoothly no matter what, so […]

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