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Arlington

Property Management

Our team of local professionals at Mynd Property Management are different from other Arlington property managers. Servicing Dallas and the surrounding Kennedale, Mansfield, Pantego, Grand Prairie, Irving, and Euless areas, we leverage real-time data to consistently better our services, providing owners with seamless management experience.

Customers working with Mynd can rely on us as their trusted partner, providing them with a healthy investment, and their residents with a happy home. Education and manufacturing are Arlington’s biggest money makers, and now residential real estate joins their ranks. It’s time to make your real estate investment work for you

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Mynd's rental income guarantee

Rental Income Guarantee

We protect your rental income

If we place a resident and they fail to pay rent at any time during their lease, we reimburse you up to $5,000 in lost rent while we resolve the situation.

Mynd's property damage protection guarantee

Property Damage Protection

WE PROTECT YOUR PROPERTY

If a resident we place moves out and leaves behind property damage in excess of their security deposit, we will cover the difference, up to $5,000.

Mynd's eviction protection plan guarantee

Eviction Protection Plan

WE PROTECT YOU

If a Mynd-placed resident fails to pay rent and an eviction is required, Mynd will cover the court costs and legal fees up to $5,000.

SELECT YOUR AREA TO VIEW PRICING

Pricing Plans That Suit Your Needs

CORE SERVICE PLAN

$79
Monthly Management Fee
100%
Rental Leasing Fee
$349
Lease Renewal Fee

AVID INVESTOR PLAN

$99
Monthly Management Fee
75%
Rental Leasing Fee
$299
Lease Renewal Fee
checkmark - feature included
Rental Income Guarantee
checkmark - feature included
Eviction Protection

PEACE OF MYND PLAN

$139
Monthly Management Fee
25%
Rental Leasing Fee
$199
Lease Renewal Fee
checkmark - feature included
Rental Income Guarantee
checkmark - feature included
Eviction Protection
checkmark - feature included
Property Damage Protection

Don't Take Our Word For It

Results You Expect

Your rental property is one of your most valuable assets. You expect concrete, tangible results, and Mynd delivers. We focus on measurable results that you can see.

Mynd offers faster leasing times

Faster Leasing

Quicker than average leasing times.

Mynd responds quickly to resident and owner communications

Quick Response

Less than 4 business hours for owners, less than 8 business hours for residents.

Mynd finds high quality residents

Quality Residents

Higher than average resident quality score (720+)

Mynd offers low delinquency rates

Low Delinquency

No need to worry about rental payments, less than 2% delinquency.

Mynd's high customer satisfaction scores show high resident satisfaction

High Resident Satisfaction

Consistently high customer satisfaction scores (Better than 4/5)

Mynd's NPS score shows higher owner happiness rates

Happy Owners

Net Promoter Score of 58 versus industry average of 7

Meet Your Local Superstars

We start by hiring the best people with deep local expertise.We equip them with the tools, technology and data. You get results.

Meet

Lakeisha

Portfolio Manager

Lakeisha has 6+ years of real estate experience. She is a Louisiana and Texas native who has been in the property management for many years. Lakeisha is a licensed agent and has extensive knowledge of the local area and industry. Outside of real estate, sheI loves to read, work out and meditate doing yoga while traveling the globe whenever possible.

Arlington

Arlington is within Tornado Alley, and Mynd is prepared to deal with the challenges that brings. Texas experiences the most tornadoes because of the state’s size and its location within Tornado Alley. Thankfully, it doesn’t rank as high on the list of tornadoes per area (Kansas is #1 and Oklahoma is #2).

That doesn’t mean, however, that tornadoes are not a real concern. In 2012, for example, Arlington was hit by winds as high as 135 MPH, which damaged more than 200 homes and businesses. When you’re confronted with a force of nature that powerful you cannot help but respect it, and Mynd does.Clearly, Mynd knows the Arlington area. We also know the original Six Flags is in Arlington; yes, we even know the rides (Titan is our favorite)

Mohsen
Leasing
Derek
Accounting
Gina
Resident Services
Gilberto
Maintenance

Arlington

Arlington

1341 W Mockingbird Ln #600w
Dallas, TX 75247
United States

Mynd Property Management is local
(972) 370-9994

Arlington

Mynd knows how big sports are in Arlington. The Texas Rangers, The Dallas Cowboys, the Dallas Wings, and the International Bowling Campus are all in town. And Arlington has birthed many pro-athletes. Explore our resources below to learn more about Dallas rental properties and Dallas property management!

Thinking about purchasing a rental property in Tacoma, WA? Learn how looking at the rental statistics, the demographics, and having a local property manager as a partner can ensure you are looking at real numbers when deciding if the area fits your investment strategy.

Before investing in an area, you will want to look at the demographics, home prices vs rental prices, forecasted economic growth, and other important statistics to see if it fits with your investment strategy to help you reach your goals. Will the area give you the cash flow or appreciation you are looking for?

About Tacoma, WA

Tacoma, WA, one of “America’s Most Livable Cities”, is a port city on the Puget Sound and is known for being one of the most walkable cities in the US. From its beautiful waterfront to its numerous city parks that include the country’s second largest city park (700 acres), the area has seen a 12% population growth since 2010.

Tacoma property management

Tacoma offers more affordable investment opportunities than the Seattle area which can be expensive.  Cash flow opportunities are better in Tacoma because the prices of homes are not as high.  

Home prices in Tacoma

Median home price: $354,019

Home prices have gone up 9% in the past year.

 

Diverse types of renters

Commuters – Many choose to work in Seattle but live in Tacoma because it is more affordable.  

Students - Several universities are in the area including the University of Washington’s Tacoma campus, so there are a lot of student renters.  

Military - McChord Air Force Base is South of Tacoma, so there are military families renting in the area as well.  

Between the port, universities, military presence, and proximity to Seattle, Tacoma is a great area for investors looking for an area whose economy is being fueled by a diverse mix of industries.

 

Economy and industry in the area

Tacoma is the 7th busiest container-handling port and attracts businesses in multiple industries. It is known for its high-tech industry that includes Intel and Expedia which are headquartered there. Agricultural and forest products are also large contributors to the local economy.

  • Unemployment rate: 5.3%
  • Average income: $75,649

Tacoma has seen steady job growth over the last 10 years and expects 39.9% in future growth. With its strong industry presence and growth record, it is a great place to invest in rental property for less than a home in a Seattle would cost.

If you are considering investing in Tacoma, contact us at Mynd. We can help you determine if this market fits your strategy to reach your goals. If it doesn’t, we have offices in 19 markets and can help you find an area that does.

How to accurately set rent for my Tacoma, WA rental property

The rental market is cyclical, so you want to make sure you set rent to match today’s prices. Just because you rented your property for a certain amount 3 years ago doesn’t mean it will rent for that amount today. The price could be higher or lower depending on what the market says is the going rate. To avoid extended vacancy time, you will want to accurately price the property, so you are getting the maximum return while also filling the vacancy quickly.

Tacoma rental statistics

  • Median rent for a single-family home: $1750
  • More single-family homes available since 2007
  • 45% Renter Occupied
  • 55% Owner Occupied

Steve Rozenberg, Head of Investor Education for Mynd, says he sees this as a good, steady mix of renter/owner occupied homes which makes it a great market to have a rental property. You should always be able to find a renter.

Knowing the trends and statistics for the area is key to your success as an investor.  Consider hiring a local Tacoma property manager like Mynd who can help you determine the correct rent rate.  Mynd has access to proprietary information so you are getting current, accurate numbers to base your decision on. If you want to know what you can expect to rent your home for, Mynd offers a FREE rental analysis.

 

Why should I hire a property management company in Tacoma, WA?

What does a Tacoma property management company do?

They take care of the day to day operations required when you own a rental property such as:

Do you have the time to manage the property? How valuable is your time to you? If you are managing it yourself, do you know that you are doing it correctly and following the laws?

Landlords must comply with ever-changing laws and regulations

Landlords must comply with Federal, state, and local laws that apply to rental properties. These laws are constantly changing, and as a landlord you are expected to keep up with them.  If you must evict a tenant, there may be new laws in place that limit how you can do that. If managing property isn’t your full-time job, you are more likely not up to speed on current laws such as:

  • 120 day notice to purchase property if you intend to change the use of the property
  • 60 day notice of no cause termination of a resident
  • 60 day notice of rent increase
  • Several tenant’s rights laws. For example, tenants can complain to the city of Tacoma about code enforcement violations.

There are a lot of laws that have to do with tenant’s rights, and you must be sure you comply. If you aren’t up on the laws, you may find yourself getting in trouble which can cost you $1000s in fines and court costs.

 

Consider hiring a Tacoma property manager

Our Tacoma property managers can help you make smart decisions and ensure your property is following the laws. Mynd has in-house counsel to help ensure your property is complying with the laws.  Contact us today at Mynd about property management in Tacoma or finding your next investment property in one of the19 markets we serve.

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As an investor, you want to know that investing in a rental property in Everett, WA aligns with your strategy and helps you achieve your goals. Identifying the right data and numbers to calculate your return is an important step in making an informed, smart decision.  Having a local partner like a property manager makes this process easier.

What kind of return do you want from your investment property?

Are you looking for monthly cash flow? Is the property you are looking at going to give you what you need to at least cover your expenses?  Are you only interested in appreciation or debt paydown?  Your strategy must be defined before you start looking for a property.  

About Everett, WA

Everette is a coastal city on the shores of Port Gardner Bay and is located 25 miles north of Seattle. It attracts families with its world class schools, over 30 city parks, and numerous outdoor sports, activities, and art experiences.

Everett population and home prices

  • Population: 111,000
  • Average age: 33
  • Median income: $57,999
  • Median home value: $362,000

 

The median income for the area is about average for the US, but the home prices are significantly higher than average. You might be able to make enough cash flow to cover your expenses, but you are more likely looking at making your money in appreciation.

Many of the homes in the area were built between 1970-2000.  Being older properties, they may require some maintenance or updates to attract a quality tenant and meet Property Code.

 

Everett Property Management

 

Industry and the Economy

  • Unemployment rate: 5.8%
  • Cost of living index: 116.2  (US average is 100)

Boeing’s 747, 767, 777, and 787 Dreamliner airplanes are constructed in the world’s largest building located in Everett, and they offer a popular tour of the facility. Everett’s proximity to Seattle is an advantage because it is going to be fed by the strong industry nearby.

Best neighborhoods in Everett

  • Darlington
  • Edgewater
  • Pinehurst
  • Riverside
  • Bayside
  • South Forest Park

When you buy a property in one of the more popular areas, you are probably going to see more appreciation. With an average age of 33, residents are likely families interested in the quality schools in the area.  They are also more likely looking homes with multiple bedrooms for their growing families.

 

Talk to an Everett, WA property manager about the local market and what trends they are seeing. They can answer questions like:

  • Is the city growing?
  • Are rents going up or down?
  • What is the average eviction rate?
  • What are the average days on market?
  • What is the average vacancy?
  • What type of homes are rented quickly? What are most people looking for?
  • Are there certain features people are looking for in a home?

These are the questions you want answered before purchasing a property, so you have the proper expectations. Contact us at Mynd for more information on the Everett area. They can tell you what types of properties are renting quickly, what renters are looking for, and more.

If Everett doesn’t fit your strategy, we can help you find a market that does. Mynd has offices in over 19 markets. Our local property managers can use Mynd’s proprietary data to help find you properties that match your strategy, whether you want to invest locally or diversify across several markets.

 

How to Accurately Set Rent for my Everett, WA Rental Property 

It is important to know what the market is dictating when setting rent for your Everett rental property. The goal is to get the right amount of rent while leasing it quickly, so pricing it right is critical.

Leasing has seasons

You might not be able to get the same amount of rent if you lease your property in the Winter (off season) vs the Spring/Summer months (peak season).

The economy can affect rent

If the industries in the area are in a downturn or upturn, that can influence the rent you can expect to receive.

Everett rental statistics

  • 42,000 housing units
  • 37% Owner Occupied
  • 67% Renter Occupied
  • 44% single family homes 36% Apartments
  • Median rent: 1,990
  • 48% of homes were built between 1970-1999

The rent amount will vary depending on the property type, square footage and number of bedrooms.  When comparing rents, look at properties that are the same as yours. Being that many of the homes are older, you may find you can get a little more money in rent by doing some updates to the property.

Mynd’s Everett Property Management company offers a FREE rental analysis so you can see what your property can expect to rent for.

 

Why Should I Hire a Property Management Company in Everett, WA 

When you own a rental property there are a lot of day to day operations to take care or not to mention all the ever-changing laws you must follow.  Should you continue to do this yourself or does it make sense to hire an Everett property management company?

 

Treat your investment like a business.

If you own multiple rental properties or plan to in the future, the tasks required increasingly take up more of your time.  Keeping up with all the laws you must comply with can become a heavy burden.  Maybe you got into investing because you wanted a safe, secure retirement investment or passive income, but you did not realize the amount of time that was involved in managing it yourself.  You thought you were gaining free time and ended up having a second job.

It is entirely possible that you will not end up where you hoped because you may not be doing something right. Not complying with a law could result in your ending up in court owing $1,000s in fines.  

Getting that great deal when you buy the property is only the first step in the process that leads to your success. Steve Rozenberg, Head of Investor Education for Mynd, thinks it is important to have a team to help you maximize your return.

 

What does an Everett property management company do?

They take care of the day to day operations required when you own a rental property such as:

They know the laws and regulations

You must follow Federal, state, and local Property Code that dictate how a property must be maintained. When it comes to fixing things in the property, who is responsible for them? The tenant or the landlord?  There are things you can’t ask on an application or during the screening process.

Landlords must comply with Federal, state, and local laws that apply to rental properties. These laws are constantly changing, and as a landlord you are expected to keep up with them.  If you have to evict a tenant, there may be new laws in place that limit if or how you can do that.

Maintenance issues

Mold can be a problem in the Everett area due to the amount of rain it gets. You will need to make sure the roof, ventilation, and plumbing is in good shape to prevent mold.  There are laws that protect the tenant to ensure they have a safe home to live in. Property managers know what you have to do to comply with any laws in regards to Property Codes.

If you don’t have the time or desire to keep up with the laws and regulations, it might be a smart decision to hire a knowledgeable property manager.  Mynd has local property managers that know the laws to ensure you are following them as well as in house legal counsel.

A good property manager helps you make smart decisions and ensures your property is following the laws. Contact us today at Mynd about property management in Everett or for help in finding your next investment property in one of the 19 markets we serve.

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On August 31, 2020, California Governor Gavin Newsom (D) signed AB 3088 into law, providing state-wide protections for tenants and landlords in the face of the ongoing coronavirus pandemic. The safeguards extended to tenants worrying about evictions and to landlords concerned about foreclosures. 

Moratorium Eviction Extended

Tenant relief act legal document


AB 3088 limits a landlord’s ability to evict a tenant for non-payment of rent. To make use of this protection, the tenant must submit a declaration signed under oath of financial hardship due to the financial burden experienced between March 4 – August 31. A valid declaration will prevent evictions from occurring before February 1, 2021. 


For hardship stemming from the coronavirus pandemic between September 1, 2020 – January 31, 2021, tenants are expected to pay 25% of expected rent to avoid eviction by January 31, 2021. 


Do Tenants Pay Rent?

The expectation of rent has not been eliminated. Instead, unpaid rent cannot be the reason for eviction for tenants that have experienced financial hardship and submitted a valid declaration. Tenants will still be responsible for paying back rent to landlords, who can begin to recover their debts through a civil small claims lawsuit on March 1, 2021. 


The jurisdiction of small claims courts will be temporarily expanded to allow landlords to recover unpaid rents. 


Unpaid rent isn't waived under AB 3088. Instead, it's converted into consumer debt collected in small claims court as early as March 1, 2021. If a tenant cannot meet the 25% rent minimum, AB 3088 would only provide eviction protection until February 1, 2021. If a landlord attempts to use extrajudicial self-help, such as shutting off utilities, threats, or coercion, to generate an eviction, then the landlord may face penalties as high as $1,000 to $2,500. 

California’s COVID-19 Tenant Relief Act Tenant Protections

The following legal and financial protections will be extended to tenants


  • The notice period for nonpayment of rent will increase from three days to 15 court days so that tenants have more time to respond to the landlord's notice to pay rent or leave. 
  • Hardship declaration forms must be provided with any eviction notices for a failure to pay rent. 
  • The hardship declaration forms provided by landlords must be provided in the language in which the rental agreement was negotiated. 
  • Landlords are also required to provide tenants with a disclosure explaining their rights under AB 3088. 
  • Expands the "just cause" protections described in AB 1482 to all tenancies, including tenancies less than one year, affordable housing, new construction, and single-family homes.  
  • Local ordinances that were in effect as of August 19, 2020, will remain in effect until their expiration, while future ordinances cannot undermine AB 3088. 


AB 3088's protections are extended to most tenants if they sign a declaration that they've been financially impacted due to the pandemic. What constitutes "COVID-19-related financial distress" includes:


  • Increased expenses due to the health impacts of the COVID-19 pandemic
  • Increased childcare or eldercare responsibilities directly related to the COVID-19 pandemic.
  • Loss of Income caused by the COVID-19 pandemic.
  • Higher-income tenants (those whose household income is over $100,000 or with over 130% of median household income) must provide documented proof of financial loss related to COVID-19.

California’s COVID-19 Tenant Relief Act Eviction Notices


When a landlord delivers an eviction notice for failure to pay rent, a financial distress form must be provided. The tenant has 15 days to sign and return the financial distress form. The economic distress form does not cover months to come, so that the process may be repeated on a month to month basis. The declaration is signed under "penalty of perjury,” so if a tenant provides knowingly false information, they can be charged with perjury. 


Lawful eviction that has nothing to do with unpaid rent caused by the coronavirus pandemic can move forward as early as September 2, 2020.  That means landlords will be able to pursue:


  • Eviction against nonresidential tenants
  • Evictions for lease defaults stemming from reasons other than nonpayment of rent.
  • Evictions for missed rent payments before March 2020 
  • Evictions for nonpayment of rent unrelated to the coronavirus pandemic.
  • Evictions against tenants willfully damaging property.
  • Evictions against tenants engaged in criminal activity. 
  • Evictions against tenants who violate the lease or rental agreement in other ways.


Evictions for unpaid rent will resume on October 5, 2020, for tenants that do not submit a financial distress declaration.


Evictions for reasons other than nonpayment of rent cannot be performed as retaliation against nonpayment of rent due to the coronavirus pandemic.


Individual cities may have their own eviction moratoriums, and tenant and landlord protections that may be more robust than that provided by AB 3088. For this reason, it's critical to consult both the stipulations outlined by AB 3088 and the stipulations, if any, of one's local jurisdiction. 


If a locality passed a new moratorium after August 19, 2020, then it cannot take effect until February 1, 2021. Ordinances that expire before February 1, 2021, cannot be extended until February 1, 2021. Finally, if a local jurisdiction establishes its repayment period, it must begin on or before March 1, 2021.


Given the complicated nature of the law, it's advised that tenants contact an attorney if a landlord provides notice of eviction. There are many free legal aid foundations to reach out to. The Legal Aid Foundation of Los Angeles, for example, offers free legal services to over 100,000 residents of the greater Los Angeles area. 

California’s COVID-19 Tenant Relief Act Landlord Protections


AB 3088 does not protect landlords from foreclosures, nor does it require banks to provide forbearance. Instead, mortgage servicers must contact borrowers before pursuing foreclosure proceedings with forbearance options. 


Dual tracking, when a provider initiates foreclosure proceedings while considering loan modifications with the borrower, is also forbidden. 


If forbearance is not an option for a small landlord, then the mortgage servicer must provide a written explanation. These protections extend to January 1, 2023.

Bottom Line on AB 3088

Due to AB 3088, California will keep a dramatic increase in residential evictions at bay through the early part of 2021. Although, further action by the federal government is required to ward off the true extent of the pandemic's effects. 

Notice of Eviction Tenant relief act


If you have rental properties, your property manager should be able to support you in navigating the changing regulations around tenant protections. To learn more about Mynd Management's services, contact getstarted@mynd.co


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Maintenance is an expense that will impact every rental property owner, and today we want to explore the things that will cost investors the most money on their Arlington properties. Whether you’re currently renting out a home in Arlington or you’re thinking about investing in the area, this will help you prepare and budget for the most common maintenance expenses.

Arlington is a diverse real estate market. When you buy here, you have options that span every size, neighborhood, and price range. You can buy a fourplex or a mansion. Even with its diversity, most of the maintenance issues are generally the same.

Foundation Issues in Arlington Properties

Arlington home foundation issues can cost money

Your foundation may cost you money now or in the future. Texas has expansive soil, and if you don’t water your foundation with a soaker hose, you will eventually have issues. Those issues are always going to be expensive. Be as preventative as you can and water that foundation when you have the opportunity.

When you’re thinking about how to pay for things like foundation work or any type of repair, make sure you have up to date insurance. You want your policy to reflect an accurate property value in case you need to rebuild or replace. You might have a hail storm that punches holes in your roof. If you’re not covered for that damage, you may be responsible for paying to repair it.

Cheaper is Not Always Cheaper: Bad Make-Ready Work is Expensive

Another maintenance expense for investors in Arlington is completely avoidable, and that’s shoddy make-ready work. If you don’t want to invest in repairs and maintenance when a resident moves out, your new resident will have issues, and you’ll find yourself paying three or four times the amount you would have paid if you had simply taken care of the problem the right way the first time.

Cheaper is not always cheaper. If you don’t live in Texas or you’re not familiar with the soil situation or the quality of the work that’s available from local contractors or vendors, you may be drawn to cheap prices. But, the next thing you know, those vendors didn’t do what was advertised or promised, and you have to have the work done again and again. So, don’t settle for cheap when it comes to fixing things in your Dallas area investment property.

This is especially true when you’re paying for foundation work. Lots of companies will offer a lifetime warranty after they work on your foundation. Do your research, however. A lifetime warranty only extends to the lifetime of that company. See how long they’ve been around. Make sure they’ve been in business for a while.

This is the same thing you should do with roofing and plumbing companies. A brand-new company might not be less trustworthy necessarily, but you can’t be sure they’ll still be in business in a year or two.

Maintenance on Major Appliances and Systems

Major appliances maintenance

Regularly servicing your major appliances and your HVAC system will save you money in the long term on your maintenance expenses. Your air conditioning in Arlington is going to be used nine or 10 months out of the year. Plumbing also needs to be inspected and serviced regularly, especially since there will be problems with plumbing if your foundation shifts. Always have your foundation serviced routinely.

Think about the age of your Arlington investment property as well. There are a lot of older homes in this market, and if you’re buying in an older part of town, you might need help from the city to have your lines reconnected.

The maintenance costs are always a good thing to consider when you’re purchasing a rental property in Arlington. Get proper inspections and do your due diligence. There’s a wide variance in how these properties have been treated over time.

Factor in what these costs are going to be before you buy. That truly could make or break your investment strategy. If you didn’t plan on these maintenance costs and you don’t have the reserves to cover it, you’re in trouble.

Have your inspections done so you know what you’re getting. Make sure you’re paying attention to all the things that can potentially break or need work at the property.

Wrapping Up

If you have questions about maintenance costs on your Arlington rental property or you need help with anything pertaining to your investment, please contact us at Mynd Property Management.

Also, if you want to keep your real estate investment education going, we have a number of other opportunities to connect with us. You can learn more about investing in Dallas with us online.

Visit our Facebook group of investors, which is called Master Mynd. It’s a real estate investors’ club, where you can exchange ideas with other owners. Check out our weekly podcast as well, called The Myndful Investor. We invite leaders in real estate and property management to talk about their success and, more importantly, their failures. There’s a lot to learn from this relatable content.

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Why Invest in Dallas Real Estate?

If there’s any U.S. city deserving of being called “all-American” it’s Dallas. Its rich history and tradition make it one of the most iconic areas in the country and its lofty status continues in part thanks to its tremendous economic success. Just how successful is its economy? Dallas/Fort Worth/Arlington had a combined GDP of approximately $512 billion in recent years. To put that in perspective, if this region were a state, it would rank #9 among all others in the United States!

There’s more good news for investors: since the 2009 recession, employers in the Dallas area have created almost 800,000 new positions and nearly every employment sector is in positive territory over the same timeframe. Just as promising, the local population gained 1 million residents between 2010 and 2018, providing a solid renter base for real estate investors; many of these are millennials who are attracted to the area’s relatively low cost of living. What does the future hold? Continued relocation and expansion of major companies in the area promises sustained economic success for this American sweetheart city.

Dallas Real Estate Market Highlights

  • 26% of the population earns an annual avg. of $100,000
  • Ranks high among U.S. cities with most $100K-plus jobs available
  • Leading international distribution and logistics center
  • Boasts a world-class international airport that aids its tourism sector
  • Home to 22 Fortune 500 company headquarters, 3rd most in the nation for 2019
  • #10 city for jobs in 2018 – (Wall Street Journal)
  • Ranked #2 for nation’s healthiest housing markets in 2017 (CNBC)
  • Ranked the 13th best large city in the nation in 2019
  • 1st fastest-growing metro nationally in 2018 (Census Bureau)
  • Largest metro in Texas
  • Home to 6 major sports teams: Dallas Mavericks (NBA), Dallas Cowboys (NFL), Texas Rangers (MLB), FC Dallas (MLS), Dallas Stars (NHL), and Dallas Wings (WNBA)
  • Dallas is soon to be home to the Trinity River Park, a 10,000-acre urban park ten times larger than Central Park
  • Headquartered in Dallas: AT&T, Exxon Mobil, American Airlines Group, Southwest Airlines, JCPenney, and Frito-Lay
  • Added more than 800,000 new jobs since 2010, more than any other metro
  • Dallas Metro leads the way in percentage payroll growth since 2008 (Bloomberg)

Northwest Dallas Real Estate Market Highlights

The northwest is home to some of the biggest companies in the US, such as AT&T and Exxon Mobil. The Dallas Mavericks play outside the city but the area is also home to great school districts. If you are looking for good schools, sports, and Fortune 500 companies, check out the northwest.

  • American Airlines Center - Dallas Mavericks stadium
  • Dallas Fort Worth International Airport
  • University of Dallas
  • Continental Bridge - latest attraction and fun bridge, connects West Dallas and downtown
  • $1B Facebook Data Center - Fort Worth
  • John F. Kennedy Memorial Plaza
  • Dallas Museum of Art - art collection spanning 5,000 years
  • Galleria Dallas - a large shopping mall
  • Grapevine Mills - a large shopping mall in Irving
  • House of Blues - concert venue
  • ExxonMobil Corporate Headquarters
  • AT&T Corporate Headquarters
  • Parkland Hospital

Northeast Dallas Real Estate Market Highlights

Fair Park is the hot spot in Dallas. The northeast, like the southeast, has the Fair Park, but it also has more variety of shopping malls and stores.

  • The University of Texas at Dallas
  • Southern Methodist University
  • NorthPark Center - North Dallas shopping mall
  • Home to Fair Park - 277 acres with 8 museums, 6 performance facilities, 1 major sports stadium
  • Cotton Bowl Stadium - a college football stadium
  • Dallas Arboretum & Botanical Gardens
  • Whole Foods Market
  • Adventure Landing - theme park outside Dallas

Southwest Dallas Real Estate Market Highlights

Home to the Dallas Cowboys and Texas Rangers. The presence of 2 major stadiums helps assure investment in the nearby area. Most important, the southwest is for those who love the outdoors. Cedar Ridge Preserve and Mountain Lake Creek are two of the desirable outdoor spots for locals. The southwest region is growing faster than any other region next to Dallas.

  • AT&T Stadium - home to Dallas Cowboys
  • Globe Life Park in Arlington - home to the Texas Rangers
  • Reunion Tower - iconic observation deck with city views
  • Dallas Zoo - 2,000 animals and 95 acres
  • Six Flags over Texas - amusement park
  • Six Flags Hurricane Harbor - the largest water theme park in Dallas
  • Texas Christian University
  • The Parks at Arlington - a large shopping mall
  • Dallas Baptist University

Southeast Dallas Real Estate Market Highlights

Dallas will soon be home to one of the largest urban parks in the nation, increasing the number of visitors in the southeast. The Harold Simmons Park will connect the south with the wealthier north. The southeast is home to Fair Park. Fair Park is a hot spot in Dallas. Investing by the park is a solid bet for investors due to the presence of infrastructure, museums, and sports in the east. The southeast is home to some lower income neighborhoods but is close to the Great Trinity Forest, which is also part of Dallas’ Trinity River Park Project.

  • Harold Simmons Park (2021) - 285-acre park, connects downtown
  • Home to Fair Park - 277 acres with 8 museums, 6 performance facilities, 1 major sports stadium
  • Starplex Pavilion - an outdoor entertainment venue
  • Cotton Bowl Stadium - a college football stadium
  • Dal-Tile Corporation Corporate Headquarters

For more Dallas investing and property management information refer to our Knowledge Center!

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Oakland, CA, June 27, 2019

AUSTIN — Investors purchased a record share of Dallas-area homes last year.And these for-profit homebuyers are expected to continue to gobble up thousands of houses in North Texas and nationwide.Home investors are having the biggest impact in the lower price ranges of the Dallas home market — the same sector first-time buyers are shopping.More than 14% of low-priced houses in the Dallas area sold to investors in 2018, according to new data by CoreLogic. Overall, more than 8% of Dallas homes of all prices were snapped up by investors.“Investor buying activity in the U.S. is at record highs,” CoreLogic’s Ralph McLaughlin said. “It’s not the big institutional guys that are leading the increase in home buying — it’s the smaller guys.“They are buying homes that are in the lower third of prices — they are essentially buying starter homes,” McLaughin said at a meeting of the National Association of Real Estate Editors in Austin.Small investors accounted for more than 60% of these home buys last year.CoreLogic found that by the end of 2018, the investment rate in the U.S. housing market reached 11.3%, the highest rate since 1999, when the researchers started keeping this data.The share of investor home buys in the U.S. and the Dallas area is even higher than during the Great Recession, when thousands of distressed homes hit the market and were sold to owners who converted them to rental properties.That’s still what’s happening with most of the houses sold to these buyers.“Most investors are investing east of the Mississippi,” McLaughlin said. “Places investors are not buying homes at such high rates are in the West.“California markets have a realtively low share of homes being purchased by investors.”U.S. markets with the highest home investment purchase rates last year include Detroit (), Philadelphia () and Memphis (), according to CoreLogic.“Homebuyers today are more likely to cross paths with investors during an open house than at any other time in the past two decades,” McLaughlin said.David Hicks, who heads Dallas-based HomeVestors of America, said his company, which mostly represents small investors, is seeing record business.He said HomeVestors buyers are on track to purchase 16,000 to 17,000 homes across the U.S. in 2019. “We are buying the lower end — small houses,” Hicks said.The houses that HomeVestors’ members purchase through franchises around the country are mostly under 1,400 square feet and were built in 1985 or earlier. “Our average age is 1960,” Hicks said.Most of the properties need repairs and updating. “People don’t call HomeVestors if they have a nice house,” he said. The buyers spend an average of $20,000 a rooftop before reselling the homes or offering them as rentals.The average North Texas property-flipper made a profit of $30,588 in the first quarter of this year, according to the latest estimate from Attom Data Solutions.While the home investment business is booming, Hicks said he worries about some of the deals he sees in markets where home costs have risen.“A lot of investors are getting in buying houses who don’t understand the economics,” he said. “We see the prices they are paying and the numbers don’t work.“It’s not a get-rich scheme — they work hard.”Hicks said if there is a housing slowdown and prices decline, some small investors who bought a few properties and paid too much could be hurt.“Right now there is a lot of money for properties,” he said. “There is more money than there has been in years.”Colin Wiel, cofounder of California-based home management firm Mynd Property Management, said the increase in rental homes is meeting a need in the market.“For many people, owning a home is the albatross around their neck that holds them down in life,” Wiel said. “I think there is fundamental change for the long term in homeownership.“Today a young person is going to have 10 to 15 jobs throughout an entire career, and job mobility is very important,” he said. “The millennial generation is very much aware of this. Homeownership is a burden as much as a benefit.”Wiel said that the U.S. home rental market is a huge, behind-the-scenes business.“It’s twice as big as the hotel industry by revenue — about $460 billion a year,” he said. “About $29 billion is collected by third-party property management companies in fees.”

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