Majesty palms like fairly damp soil because in the wild, they grow on riverbanks in tropical climates. They also don't like to sit in water, so you'll want to make sure that your pot (and soil) drain well.

Do palm trees need good drainage?

Palm trees need a slightly acidic soil with good drainage. Loose, sandy potting soil in a container with plenty of drainage holes is ideal. The ideal soil for palms can be mixed by hand or bought.

Should I cut the brown tips off my majesty palm?

Just cut off any fronds as they turn yellow or brown. Doing so improves the look of your plants and creates a clean space for more fronds to grow. Protect your majesty palm from pests, such as spider mites, by regularly fertilizing and keeping an eye out for signs of an attack.