In Texas, renting and leasing are considered real estate activities and require a license to perform full-service property management.

Absolutely. Not everyone has the temperament, time, energy, professional network, or experience to be a property manager – particularly an Austin property manager, since all cities are unique. It takes a lot of work to manage a rental home. Not to mention that many people want real estate to be a passive investment.

Property managers in Austin do a lot! 

• Write rental property listings 
• Tenant screening
• Tenant placement
• Ensure easy rental property turnover 
• Perform regular maintenance 
• Help you make tax deductions
• Maximize rental income
• Avoid surprising liabilities
• Property inspection
• Lease signing
• Early lease terminations
• Encourage qualified tenant renewals
• Manage tenant satisfaction
• Respond to every maintenance request ASAP
• Interact with your homeowner's association (HOA)
• Eviction
• And more

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Typically, an owner or investor can't provide the combined expertise and digital tools that Mynd can provide. This includes:

• Digital leasing
• Legal and compliance
• Online portal
• Quality resident screening
• Financial reporting
• Electronic rent collection
• Dedicated portfolio manager
• Repairs, inspections, and maintenance
• 24/7 Emergency Support
• And more.

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Yes, your property manager will handle evictions and early lease termination. You want a qualified property manager who knows how to manage and reduce the likelihood of an eviction because evictions can take a long time and end in property damage.

An operating budget ensures your property management company has the resources they need to protect your investment and the documentation necessary to maximize your tax deductions.

The property manager has three primary responsibilities.

1. Protecting the property owner’s best interest: Mynd protects your investment by properly maintaining your property, choosing qualified tenants, following the law, and making the best use of tax deductions.
2. Protecting the tenant’s best interests: By providing the tenant quality service, Mynd ensures that you maintain an uninterrupted positive cash-flow with minimal losses due to vacancies.

Following the law: By following the law, Mynd protects the landlord from losses, tenants from harm, and maximizes savings using tax deductions.

Expertise and level-headedness are crucial to good property management. You need to know how to talk with people, negotiate prices, and anticipate challenges. 

You also need to maintain a professional, respectful, and amiable demeanor no matter what's going on. Property managers see it all, from tenants excited to find a new home to residents in challenging circumstances facing eviction. Austin property management experts need to know what to do and how to do it calmly through it all.

Yes, property managers collect rent. At Mynd, we offer an easy-to-use Resident Portal that allows for easy rent collection online.

Residential property managers' first responsibility to the property owner is protecting their investment. Everything a property manager does stems from this singular commitment to the landlord, from finding and retaining renters and preventing investment property damage to following all the laws and maximizing tax deductions.