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Austin

Property Management

Our team of local professionals at Mynd Property Management are different from other Austin, TX property managers. Servicing rental properties in Austin, TX and the surrounding Round Rock, Georgetown, and Lago Vista 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. Residential real estate now joins high tech, pharmaceutical and biotechnology industries as Austin, TX biggest moneymakers. 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

Rosie

Portfolio Manager

Rosie works hard to provide her clients with the most positive real estate experience possible. She has 20+ years of experience in Property Management and Residential Sales. Whether you are buying or selling a home, or need property management services, Rosie is looking forward to working with you! She aspires to help her clients reach their real estate investment goals on a daily basis. Reach out to Rosie to learn more today!

Austin

Austin, TX is a very diverse community, your rental property residents will have no shortage of job opportunities, leisurely activities, outdoor exploring and more. The city of Austin is home to multiple fortune 500 company offices such as Amazon, Google, IMB, 3M and more. The Mynd management team can also recommend some of the most beautiful outdoor activities such as Lady Bird lake, Mckinney Falls and Barton Springs for your residents to explore. The team also knows of the city’s challenges.

As of 2019, there were over 2,000 people experiencing homelessness. Mynd knows Austin, Texas in the way only a local can. The city has received many impressive accolades in recent years including the U.S. News & World Report’s number 1 place to live in 2017 and 2-10. Forbes names Austin number one on the “Cities of the Future” list. We are proud to manage rental homes in this highly coveted area!

Mohsen
Leasing
Derek
Accounting
Gina
Resident Services
Gilberto
Maintenance

Austin

Austin

100 Congress Center Avenue
Suite 2000
Austin, TX 78701

Mynd Property Management is local
(833) 367-6963

Austin

Mynd’s team has a vast knowledge of the Austin area, explore our resources below to learn more about the city’s opportunities to invest in Austin, TX real estate properties. Mynd's team has vast knowledge of Austin property management as well!

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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Residential real estate properties in Austin, TX, great for investing!

Why Invest in Austin Real Estate?

A robust economy, favorable business conditions, and a large pool of working millennials are among the factors which distinguish the city of Austin – and Silicon Valley has taken notice. In fact, several major Silicon Valley firms continue to maintain a significant presence in this Texas market. This, combined with the fact that local apartment development is set to explode, makes Austin a logical choice for investors.

Employment rate in Austin went up 2.2% in the last year, which means that it outpaced other top metro areas in the US. Furthermore, many of Austin’s jobs are well-paying tech positions, attracting millennials and making it a city of the future. As a large segment of the millennial population prefers to rent – and delay homeownership for an extended period of time – this represents another favorable condition for investors.

The capital of Texas is home to some of the largest tech companies in America. With low taxes and no state income tax, young graduated professionals continue to create new start-up companies in the area. Austin, or the “Live Music Capital of the World”, hosts some of the largest music festivals of the year including South by Southwest and Austin City Limits.

Ranked as one of the fittest cities in America, the people of Austin like to exercise. There are over 250 gyms, yoga studios, over 280 parks, biking and running trails, and healthy restaurants and stores contributing to the economic climate. With a strong presence of infrastructure, people live in a variety of places. The city of Austin is projected to be home to roughly 4.5 million people by 2040 and the metro currently has over 2 million. Austin is a great location for housing investment and has been ranked the #1 real estate market to watch in the PwC’s annual 2020 Emerging Trends in Real Estate: United States and Canada report.

 

Austin, TX Real Estate Market Highlights

  • Austin’s unemployment rate of 2.4% in October 2019 is the lowest among large metropolitan areas
  • A strong job market and low cost of living resulted in an over 23% population growth between 2010 and 2017, and continuing to grow
  • #1 ranked real estate market to invest (PwC US and Urban Land Institute)
  • 1st fastest-growing large city in 2019
  • Austin is ranked the 2nd best city to get a job (Forbes)
  • Fortune 500 companies Whole Foods Market and Dell Technologies located here
  • #1 US city to start a business (CNBC)
  • The Austin Metropolitan Area is predicted to experience a population growth rate of 31.6% between 2020 and 2030
  • More music venues per capita than anywhere in the world
  • 4th dog-friendly city in the U.S.
  • Tech companies with regional headquarters: Apple, AMD, AT&T, Dell, Google, Facebook, 3M, and PayPal
  • Home to the South by Southwest Music Festival and Austin City Limits
  • 3.3% job growth year over year
  • No state income tax = strong rent growth

 

Northwest Austin Real Estate Market Data

Known for its lake access, the northwest is home to the top school district in Texas and 2nd best school district in Austin. The area gets significantly more expensive as you move closer to the city center.

  • Whole Foods World Headquarters
  • Zilker Metropolitan Park - site of Austin’s music festivals, recreational area alongside Lady Bird Lake
  • Sixth Street - Nightlife, food, music & bars
  • Austin Aquarium
  • Apple Inc.
  • Facebook Corporate Office - downtown
  • Oracle Corporate - edge of Austin
  • PayPal - next to Oracle

 

Northeast Austin Real Estate Market Data

The University of Texas at Austin is a major asset to this area. The university is nationally recognized for athletics and academics. Just north are Round Rock and Georgetown. Georgetown is the 7th fastest growing city in the U.S. for 2018 (Census Bureau)

  • Dell Headquarters - Round Rock
  • Google Office - north Austin
  • Amazon Fulfillment Center - north Austin
  • The University of Texas at Austin
  • Paramount Theater - historic venue for entertainment
  • Central Market - huge gourmet marketplace 4 miles from downtown
  • The Domain - upscale mall /office space
  • LBJ Presidential Library - President Johnson’s story downtown
  • Cap City Comedy Club - a popular place for standup comedy
  • Dell Diamond - AAA baseball stadium in Round Rock
  • Southwestern University - in Georgetown

 

Southwest Austin Real Estate Market Data

Zilker Metro Park attracts people from all over. Whether its music festivals or a stroll in the park, there are plenty of activities in the southwest. Consider investing close to the southwest because Zilker Metro Park hosts Austin’s large music festivals.

  • Zilker Metropolitan Park - site of Austin’s music festivals, recreational area alongside Lady Bird Lake
  • The Long Center for Performing Arts - borders the Colorado River
  • St. Edwards University - private liberal arts, Roman Catholic university
  • Barton Creek Square - shopping complex 5 miles from downtown

 

Southeast Austin Real Estate Market Data

The southeast is home to Austin’s largest airport and the Colorado River.

  • Austin Bergstrom International Airport
  • Austin Convention Center - music festivals
  • Circuit of the Americas - state of the art raceway & amphitheater 14 miles outside downtown
  • Lady Bird Lake - a reservoir on the Colorado River, running, biking, kayaking
  • McKinney Falls State Park - camping, hiking, fishing

For more information, refer to our Knowledge Center and visit our Austin, TX Property Management page for local landlord tips and information. Our team has vast knowledge and experience in local property management and can help you to have a better investment experience. We educate on topics in the area ranging from landlord tips, repairs and maintenance, leasing how to manage your rental property remotely! We look forward to furthering your rental property education.

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FOR IMMEDIATE RELEASEMedia Contact: Stacey Corsostacey.corso@mynd.coPhone: () 672-6460

Mynd Property Management Acquires Empire Industries, LLC in TexasIn addition to 800 single-family rental () units, Mynd gains industry veteransSteve Rozenberg and Pete Neubig

OAKLAND, Calif., Oct. 15, 2019 — Mynd Property Management, a property management firm serving the small residential sector with a combination of on-the-ground experts and innovative technology, has acquired Empire Industries, LLC, a property management company with properties under management in Houston, Dallas and Fort Worth. Pursuant to the transaction, Mynd expands its footprint in Texas with 800 properties under management, bringing its total number of units under management to more than 9,000. Mynd also gains two property management veterans: Steve Rozenberg, who will serve as VP of Investor Education for Mynd; and Pete Neubig, who joins Mynd as a Regional Director of Texas. “We are excited to welcome Empire and its leadership team to Mynd,” says Doug Brien, CEO and Co-Founder of Mynd. “Over the past two years, Mynd has joined forces with like-minded property management companies whose mission and goals align with ours, and Empire fits the bill perfectly. Our objective at Mynd is to grow our portfolio of managed properties to 100,000 and Texas will be a significant part of that growth,” notes Brien. Rozenberg, a 16-year veteran of the real estate industry, was drawn to Mynd’s resources, ability to scale and rapidly growing footprint. “I’m passionate about educating people on the benefits of real estate investing,” explains Rozenberg. “With Mynd’s expanded footprint and recently appointed Chief Growth Officer, Alex Osenenko, I will be able to touch so many more lives all over the country by implementing a best-in-class investor education program.”

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mynd.co

About Mynd Property Management

Mynd Property Management serves the small residential real estate sector with a combination of on-the-ground experts and innovative technology that empowers investing in any market in the U.S. Headquartered in Oakland, Calif., Mynd manages over 9,000 units in 16 markets and offers small residential rental properties for sale in 20 metro areas. Mynd’s end-to-end management and real estate investment solution is powered by INVESTimate, a home-valuation tool that determines the investment potential of any home in the United States using AI and machine learning.

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What’s a lifehack in the context of East Bay property management? It’s about using tools or seizing opportunities to do things better, faster, smarter – and as a result, make more money. Owners of rental properties know that although rental income may be classified as “passive,” it can feel far from it, especially if you’re self-managing. What’s the better alternative?

How technology is changing the game

When you think about how you live day-to-day, is technology a part of that picture? Of course it is. Unless you’re Amish. But if you’re reading this, you’re probably not. The point is – technology is more pervasive now than ever before. You probably use your smartphone as an alarm to wake you up first thing in the morning. If you ride BART, you might be opening social apps or news feeds on your smartphone and scrolling through headlines and photos. When we talk about smartphones and apps in the framework of technology and property management, the benefits that they present – connectedness, providing valuable insights, shortcuts – makes a huge difference in how we do business. The best part? These lifehacks fit in the palm of your hand.How does mobile technology impact the way your properties are managed so you can build more wealth?

  1. Be where you want to be. Do what you need to do. As mobile technology continues to improve, and as mobile apps continue to replace the need to perform manual tasks, we’re nearly getting to the point where we can do virtually anything straight from our phones. Working with a property management company that employs a mobile app can change the way owners operate altogether. Proximity is no longer a factor since you can see how your properties are performing from anywhere, anytime.
  2. Surprise and delight your residents. A happy resident potentially means longer duration of stay, which saves you money on any turnover-related costs. The more proactive and responsive the management is, the more satisfied residents will be. For example, if a resident has a repair request, you can either automatically approve the repair service or review them for approval later straight from a mobile app. Cutting down on the time it takes to sort resident issues can make them feel like they’re being taken care of.
  3. Know exactly how you can improve. Financial and operational reports are the cornerstones of doing good business. You can get the real-time data on when rents have been paid, what you’re owed, and any expenses that may have been incurred. You can also gather stats on average turnover rate, average time to lease, and overall cost of turnover so you’re more equipped to make adjustments to management processes as needed to maximize returns.
  4. Save the most important resource you have: time. Working with a property management company obviously saves you tons of time from tasks like filling vacant units, resolving repair and maintenance issues, and researching the market for rental prices and unit qualifications. But smart property managers don’t just save you time. They save you money and save you from headaches as well. One prime example is not having to spend hours brushing up on rent control laws, East Bay rental housing compliance legislations, or other complex guidelines, so you can avoid fees and penalties that may occur from compliance disputes.
  5. Grow your portfolio and build wealth wisely. Technology platforms are magical in the sense that they’re designed to allow you to do more without using more resources. This, in short, allows you to scale your business more efficiently. Property management apps also provide key performance metrics on each unit you own, which can inform you on how to be a better investor and grow your portfolio.
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