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Co-Living and the Multifamily Industry

The concept of modern, dorm-like community living (i.e., co-living and multilevel real estate innovation) is rising despite the pandemic.

Co-living is a niche model in the multifamily ecosystem where tenants share common areas with other occupants while retaining their individual private spaces. Growing from just a few hundred beds to over thousands in the last five to ten years, co-living societies add value and a sense of community to renters’ everyday life. 

Companies like WeWork and many others are already up and running in the game, promoting the ideas of accessibility, community, collaboration, openness, and sustainability. The approach speaks volumes to Gen Y for its potential to offer Class A construction in an exceptional neighborhood along with assured affordability. 

WeWork is a co-working setup that leases its business office to individuals and/or companies. Having attained unmatched success with their primary business model, WeWork branched off in the multifamily sector and has since moved up in creating safe and reliable millennial communes.

As this new sector evolves, we predict a significant shift from traditional apartments to co-living spaces. Renters may gravitate toward these more affordable systems of housing to accomplish their American dream of homeownership. 

Is co-living something that has the potential to yield roots in your city? Also, how can a co-living property benefit your investment portfolio? Talk to a Class A Management real estate expert at 817-295-5959 to learn more about co-living and multifamily industry trends today. You can also email us at .

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The Real Estate Roundup

The single-family rental sector is currently having its moment. The future, too, lies in single-family, purpose-built, for-rent apartments. According to the Q3 2020 Single-Family Rental Investment Trends Report, the occupancy rate, even during the pandemic, has hit a generation record with upward pressure. While 2020 may be a year most of us want to forget, it’s one that lends itself to raising our real estate literacy.

Investing in property? Evaluate the neighborhood

Don’t let property investment daydreaming create unrealistic expectations. It’s a major financial decision. Research the ROI data of the places you deem profitable, study the crime rate, explore its conveniences, analyze the expenses of owning/renting the property, and see whether or not the neighborhood is filled with foreclosure signs. Don’t forget the future the community holds to save your time, stress, and money.

Teaching kids finances through real estate investment

Kids realize that money holds value once they reach a certain age or are nurtured with a specific mindset. Finances are a scarce resource. Thus, their training must start early. Open avenues of relatable topics and encourage questions. Introduce them to real estate concepts and teach how smart work can help build wealth.

Afford a mortgage and tame student loan debt

Student loans do prevent borrowers from homeownership. But that doesn’t have to be the case. Focus on maintaining credit scores, keeping credit utilization low, looking for down payment assistance, consolidating credit card debt with personal loans, and managing debt-to-income ratio are all super smart approaches.

Homebuyer myths are hard to debunk

With loads of information to sift through, distinguishing fact from fiction is challenging. Don’t fall for apartment buying or renting process myths. Equip yourself with the latest trends and make the right choice for your financial future.  

For further information on the latest apartment trends, renters’ activity, and more, call us at 817-295-5959.

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When Property Management makes the most sense

Investing in real estate is an invaluable way of growing your wealth when done sensibly. But how can you manage your properties to curtail delinquencies, free up your time, market your property, avoid long term vacancies, sign new tenants, maintain premises, and carry out other associated responsibilities?

A dedicated, knowledgeable, and reputed property management firm can address your needs. It can mitigate uncertainties and ultimately protect your long term investments. Laser-focused companies help you maximize your returns while minimizing turnovers. They have all systems put right in place to handle day to day operations, perform inspections, oversee maintenance, assist with taxes, manage relationships, provide regular updates/ reports, and better optimize the entire property investment process for you.

Besides, having an experienced team by your side becomes even more critical if you own an out of state asset. Someone who can keep their eyes on the property and be immediately available under emergencies becomes essential. Plus, with their industry know-how, they can provide legal expertise to ensure state wise compliance. Many real estate investors consider partnering with an exceptional property management firm for they’re worth their weight in gold.

If you require assistance with managing and protecting your Texas investment property, we can guide you through! When you hire the Class A Management team, we assure you that your property returns are well optimized. We also provide exceptional customer support services, retain/ sign quality tenants, and use proven technologies to manage relations and other daily operations. We have a proven track record for helping investors with their multifamily investing decisions. Contact us to know more about our services – we’re one of the most trusted and competent property management companies in Texas you can rely on.

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Infographic: Apartment Rental Trends

Americans are moving into newer homes, downsizing from larger properties, and seem more interested in leading simpler, apartment-focused lives. We’re witnessing a significant change in Apartment Rental Trends across the country.

Unquestionably, housing prices, COVID-19 shutdowns, renter defaults, or out-migration may have notably delayed the rental season this time by a few months. However, the American dream of homeownership is still very much alive and thriving.

Renters are willing to sacrifice square footage in hopes of lower rent, with the amenity race coming to a standstill. We’re also seeing urban renters moving outside metros. Yet, investors, landlords, and property managers look optimistic about the rental property market in 2021.

Here’s an interesting infographic we found by John Burns Real Estate Consulting that gives you more information on how the demographics are shifting between single-family and multifamily properties.

Source: John Burns Real Estate Consulting, LLC

How Can Class A Management Help?

We’re a premium multifamily and commercial Property Management Company based in Texas. We specialize in property consultations, administrative management, financial management, operations, collections, maintenance, and more. With more than 30 years of expertise in providing practical solutions to renters, we can guide you through the entire investment life cycle. And, our skilled real estate professionals can help you put the apartment renting trends into a reality that benefits you in the long-term.

Call us today at 817-295-5959 or email us to learn more about how the Class A Management team can help make a difference in your property.

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How do property management companies work?

The property management companies process

Starting out in real estate investing involves a learning curve. A great property management company can help owners learn a lot about how to be successful in the local real estate market, but many prospective landlords hesitate to reach out. Their number one question is often: How do property management companies work?

Here’s a comprehensive guide to how property management companies work, typical fee structure, and services offered.

Hiring a property management company

Ask these specific questions when hiring a property management company to determine if they offer the services you need, and whether they’re good at what they do:

  • How many properties are you currently managing?
  • What experience do you have managing properties like this one?
  • What are your licenses and certifications? (Then verify.)
  • Have you ever had to evict a tenant? How did/would you handle that?
  • What is your average occupancy rate?
  • How long does it typically take for you to fill a vacant property?

Remember that these questions are just a starting point. You may have additional questions, depending on your property type, location, or other special considerations.

The property management fee structure

After an initial setup fee that covers the creation of marketing plans and other property-specific needs, the primary monthly property management fee can be structured as a flat fee, or as a percentage of rents collected. Fees can range from 7 – 12 percent of gross monthly rent. Typically, property management fees are higher for single-family properties and lower for multifamily properties.

Other fees aren’t monthly, and may include:

  • Tenant placement fee (covers advertising, screening, and lease preparation)
  • Vacancy fee
  • Eviction fee (plus court costs)
  • Early termination fee

The Maintenance Fee is usually included in the monthly management cost and placed into a Reserve Repair Fund to pay for emergency repairs. Landlords sometimes have approval authority for every expense out of this account, but property managers usually require a minimum balance be kept in the reserve at all times.

What can influence property management fees

All of the various property management fees can vary depending on certain property features or influencing factors:

Class A Management offers comprehensive property management services and can customize a package that fits your property, budget, and investment goals. Contact us today to learn more about how your single-family or multifamily property can become the crown jewel in your portfolio. We take pride in offering our clients complete transparency, and we’ll be happy to answer your questions and explain the Class A Management fee structure and provide references to existing clients.