For Property Owners

Most owners don't set out to become property managers. They buy a rental to build equity and cash flow, or they inherit a property, or they move and decide to rent out the old house instead of selling. Then life starts happening to the property — tenants call, things break, the lease expires, someone doesn't pay, the tax forms arrive. The 'passive income' stops feeling very passive.

Lockwood Property Management takes that operational layer off your plate. You retain full ownership and strategic control. We handle the day-to-day, the compliance, the paperwork, the vendor coordination, and the tenant relationship — and we report back to you monthly with everything you need to know and nothing you don't.

What You Get

Your Time Back

No 11pm calls about a clogged drain. No back-and-forth on maintenance scheduling. No chasing rent. No Googling Texas Property Code provisions on a Sunday. The mental tax of having a rental drops to near zero.

Better-Protected Assets

Systematic inspections catch small problems before they become expensive ones. Preventive maintenance runs on a calendar, not a crisis. Tenants get consistent, responsive service — which keeps them paying, keeps them renewing, and keeps them treating the property well.

Clean Financials

Every dollar tracked. Every invoice kept. Every lease on file. Monthly statements that match reality. Year-end reporting ready for your CPA on time, every year.

A Professional in Your Corner

Texas Property Code updates, fair-housing issues, security deposit rules, lease changes, local ordinance shifts — we track it. When something unusual happens, you're not Googling; you're calling us.

Our Owner Services

Full Management

Soup-to-nuts. Marketing, leasing, screening, rent collection, maintenance, inspections, renewals, delinquency, evictions, accounting, and reporting. You sign the management agreement and the lease; we handle the rest.

Leasing Only

For owners who want to self-manage but need help finding a qualified tenant. We market the property, show it, screen applicants, and deliver an executed lease. You take it from there.

Project Turnover

Between tenants — paint, flooring, appliance replacement, landscape cleanup, minor repairs. We scope the work, coordinate vendors, and deliver the property rent-ready. Can be bundled with leasing or full management.

Ownership-Transition Management

Inherited a rental? Moved and decided to rent the family home? We help owners who are new to being landlords get set up: lease form, insurance review, rental licensing where required, photographs, pricing, listing, and first tenant placement.

How We Work

1. Initial Call & Property Assessment

We talk through your property, your goals, and your timeline. We pull comps, assess condition, and identify anything that will affect leasing speed or rent ceiling.

2. Written Proposal

You get a written management quote: management fee, leasing fee, renewal fee, and any flat-fee services, plus an estimated market rent and a turnover cost assessment if one's needed.

3. Management Agreement

Clear, plain-language management agreement. Term, termination, fee schedule, scope of authority — all set out in writing. No surprises.

4. Onboarding

We collect existing lease documents, keys, vendor relationships, insurance info, and utility accounts. Any gaps get filled. Owner portal gets set up.

5. Go Live

If the property is tenanted, we transition the existing tenant relationship smoothly. If it's vacant, we start marketing immediately. Either way, you move to monthly reporting and hands-off ownership.

Transparent, Market-Standard Pricing

Residential single-family management in DFW typically runs 8%–12% of collected monthly rent, plus a leasing fee (generally 50%–100% of one month's rent) when a new tenant is placed, and a renewal fee (typically a flat rate or reduced percentage) when an existing tenant renews. Multifamily is priced per-unit or as a percentage based on the building and scope.

What we do not do: mark up vendor invoices, charge 'processing' or 'administrative' fees on owner statements, or add a-la-carte charges that weren't in the original agreement. If the fee isn't in your management agreement, it isn't on your statement.

DFW Areas We Serve

• Tarrant County — Fort Worth, Arlington, Mansfield, Bedford, Euless, Hurst, Keller, Grapevine, Southlake, North Richland Hills, Colleyville
• Dallas County — Dallas, Irving, Garland, Mesquite, Grand Prairie, Carrollton, Richardson, Desoto, Duncanville
• Collin County — Plano, Frisco, McKinney, Allen, Prosper, Celina
• Denton County — Denton, Lewisville, Flower Mound, Little Elm, The Colony, Highland Village