Our team of local professionals at Mynd Property Management are different than other Dallas property managers. Servicing the greater Arlington, Plano, Grapevine and Frisco 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 joins business and retail as Dallas’ greatest investments. It’s time to make your real estate investment work for you.
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.
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.
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.
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.
Quicker than average leasing times.
Less than 4 business hours for owners, less than 8 business hours for residents.
Higher than average resident quality score (720+)
No need to worry about rental payments, less than 2% delinquency.
Consistently high customer satisfaction scores (Better than 4/5)
Net Promoter Score of 58 versus industry average of 7
We start by hiring the best people with deep local expertise.We equip them with the tools, technology and data. You get results.
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.
Given its proximity to Tornado Alley, tornados are becoming a creeping threat to Dallas. Until tornados become a mainstay, residents still have to contend with spring time thunderstorms, which bring hail and torrential rain.
Mynd’s property managers monitor weather closely and will respond to emergencies ASAP. We also take a proactive approach, keeping trees trimmed and making sure your roof and gutters are clean and up to snuff! After all, we know that rain causes flooding and that if hail’s big enough it can damage your roof. We’ll keep you and your tenants happy by keeping everybody dry!
17304 Preston Road, Suite 831B
Dallas, TX 75252
Dallas has a massive economy, with over 5,000 companies in the telecom sector alone. That means plenty of potential tenants, and Mynd’s Dallas property managers will help you nab and retain the cream of the crop! Explore our resources below to learn more about Dallas rental properties and more!
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.
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.
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.
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.
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.
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 property manager about the local market and what trends they are seeing. They can answer questions like:
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.
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.
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).
If the industries in the area are in a downturn or upturn, that can influence the rent you can expect to receive.
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.
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?
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.
They take care of the day to day operations required when you own a rental property such as:
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.
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 inhouse 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.
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.
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.
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.
The following legal and financial protections will be extended to tenants:
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:
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:
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.
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.
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.
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 firstname.lastname@example.org
If you are considering investing in Griffin, GA, you should determine if the demographics, home prices, and expected rental return fit with your strategy. It is also important to have the right team to give you good advice about the local market.
Griffin, GA is a metro Atlanta suburb in North-central Georgia. With a population of around 23,000 people, it offers a smaller town feel while being convenient to the city with just a 25 minute commute. The city is home to many families who enjoy the green parks and good schools. Several of the top schools in the area have a B rating, and Niche.com gives Griffin a B rating.
A city that is trending toward future growth is something you want to look for when investing in property. The largest industries in the area are Retail Trade, Manufacturing, and Health Care. Griffin has seen a 2.9%increase in the job market and future job growth is forecast to be 44.8% over the next 10 years.
Griffin has a population of about 23,000 people, so it is a smaller city.The average cost of a home is about $140,000 which is way below the US average.
As an investor, you want to look at all these factors when determining rent rates. Contact Mynd’s Griffin,GA property manager who can help you determine what your property will rent for. We offer a FREE rental analysis.
The role of the property manager is to make sure both tenants and owners are happy. They take care of the day to day operations required when you own a rental property such as:
Beyond the regular tasks you think about when it comes to managing a property, you have laws you must follow. There are things you can’t ask on an application or during the screening process. 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?
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.
With COVID, there have been more laws and regulations enacted that may affect lease renewals, evictions, and more.
If you don’t have the time or the desire to keep up with the laws and regulations, it might be a smart decision to hire a knowledgeable property manager. Mynd local property managers that know the laws to ensure you are following them as well as in house legal counsel.
A good property manager allows you to remove yourself from the situation so you can concentrate on managing your assets not running the day today tasks. Contact us today at Mynd about property management in Griffin or finding your next investment property in one of the 19 markets we serve.
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.
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.
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.
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.
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.
Visit our Dallas property management page for local landlord tips and information as well. Our team has vast knowledge and experience in local Dallas property management and can help you to have a better investment experience. We educate on topics in the Dallas area ranging from repairs and maintenance, resident issues, dealing with emergencies and much more. We look forward to furthering your rental property education!
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.”
If you own a rental property in Dallas, what can you do to prepare for a local emergency?We’re talking about emergency planning and preparation today, and it’s especially important as people in Dallas and throughout the country deal with the current emergency, which is a virus pandemic.To read more, go to: https://mynd.co/how-should-rental-property-owners-prepare-for-a-local-emergency-in-dallas