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Plano

Property Management

Our team of local professionals at Mynd Property Management are different from other Plano property managers. Servicing Dallas and the surrounding Frisco, Allen, Parker and The Colony 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. Finances and manufacturing are Plano’s biggest moneymakers, 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.

Plano

Plano isn’t a snow city, as one can expect, so the municipality doesn’t own any snow plows. The city will, however, sand and salt high-risk areas in the event of snow. This doesn’t include residential streets, however, or private roads. Mynd knows how important your day is, so we won’t let snow interrupt it, no matter how rare it may be.We’ll make sure your residents aren't put in harm’s way because of the weather because we know that your resident’s risk puts you at risk. Plano also doesn’t provide any electric services, so Mynd will make sure that in the event of an outage you’re properly taken care of.Mynd knows Plano in the way only a local can

Mohsen
Leasing
Derek
Accounting
Gina
Resident Services
Gilberto
Maintenance

Plano

Plano

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

Mynd Property Management is local
(972) 370-9994

Plano

Plano is home to many corporate headquarters, including Keurig, Dr. Pepper, JCPenney, Toyota Motor North America, and Frito-Lay. We are excited for the resident opportunities this brings to your Plano rental property. Explore our resources below to learn about Plano property management and much more!

When a tenant occupies a room for only a partial term (month, week, day, etc.), the amount a landlord charges is known as “prorated rent.” 


Prorated rent is charged only for the number of days the unit is occupied. It’s based on a monthly rate rather than daily since a daily rate tends to be pricier. 


Here’s everything you need to know about prorating rent.

Why prorate? 

If your tenant moves in or out in the middle of the month or sublets to someone else, then it’s practical to use prorated rent. For example, if your tenant moves in on the 15th, which they often do, you can charge them a prorated amount for those days and then set the regular rent due on the first day of their first full month.

Explaining prorated rent to your tenant


Prorating rent isn’t a landlord’s legal responsibility, but it does help establish a good relationship with your tenant. A good relationship is essential. It makes your tenant more likely to re-sign (reducing the likelihood of vacancies), recommend other potential tenants to your properties, be a good tenant, and follow any rules you may have (like your fire prevention tips). 

How do I prorate rent?

There are four methods to calculate prorated rent. 

A Quick Math Lesson

Prorated rent at a rental property

Before moving on to the actual formulas for calculating rent, here’s a quick high school math lesson about performing the proper order of operations for mathematical equations. You’ll need to know this because the formulas for calculating rent tend to require multiple operations.


  1. Parenthesis
  2. Exponents
  3. Multiplication
  4. Division
  5. Addition
  6. Subtraction


The mnemonic device for this is PEMDAS, or “Please Excuse My Dear Aunt Sally.”

Method 1: Number of Days in the Year

This is the most accurate way to prorate rent when dealing with a year-long lease. Here’s the formula. 


((Monthly Rent X # Months in a Year) ÷ Number of Days in a Year) X Number of Days the Tenant is Paying For = Prorated Rent


Here’s the formula with a move-in date of September 15th with a rent of $1,500.


( ( $1,500 x 12 ) ÷ 365 ) X 15 = $739.73


This formula is slightly more confusing than the monthly one, so your tenants may require more explaining. The extra amount of money you'd make isn't worth the effort because a confusing formula may make your tenants feel like something fishy's going on. Best to keep things simple.

Method 2: Number of Days in an Average Month


This formula is based on the number of days per month, given that 365 days per year divided by 12 months is 30.42 average days. Here’s the formula:


((Rent ÷ 30.42) x Number of Days Occupied) 


Here’s the formula for when your rent is $1,200 per month, and the tenant is staying for ten days.


($1,200 ÷ 30.42) x 10 = $394.50


Method 3: Flat 30 Days (Banker’s Month)

This method entails diving the monthly rent by 30, no matter how many days are in the month. In some states, like California, this is the exclusive method used to calculate prorated rent. Here’s the formula.


((Rent ÷ 30) x Number of Days Occupied) 


Here’s the formula for when your rent is $1,200 per month, and the tenant is staying for ten days.


($1,200 ÷ 30) x 10 = $400

Method 4: Monthly Rent

Monthly calculations at rental properties for prorated rent

This is the formula for prorated rent based on the number of days in the month. Here’s the formula:


(Monthly Rent ÷ Number of Days in the Month) X (Number of Days of Rent Being Paid For) = Prorated Rent


Here’s the formula with a move-in date of September 15th with a rent of $1,500.


( $1,500 ÷ 31 ) X 15 = $725.80


In addition to requiring less explanation formula, the monthly formula has the advantage of making your tenant feel like they’re getting their money’s worth since it frames their rent in the short-term rather than the long term.

Considerations for Prorating Rent

These are some things to keep in mind when calculating prorated rent. Which of these influences your calculations will impact how many days you divide your rent by in your calculations.


  • The number of days in the month.
  • Months with 30 days: September, April, June, and November
  • Months with 31 days: January, March, May, July, August, October, and December
  • Month with 28/29 days: February
  • Is it a leap year?
  • What day of the month are you billing your tenant?
  • What’s the number of days in the first month?
  • What’s the number of days in the second month?
  • How much are you charging per day for the first month?
  • How much are you charging per day for the second month?
  • What’s the number of billable days in the first month?
  • What’s the number of days in the second month?
  • What’s the official start/end date of your tenant’s lease?

Tips for Prorating Rent

Your prorating policy should be in writing or your lease agreement


If it’s a leap year, divide your prorated calculation by 366 days if you plan on using the yearly formula.


It’s not your responsibility to prorate rent if your tenant signs a lease for the first of the month but moves in on a later date. Similarly, it’s not your responsibility to prorate rent if your tenant chooses to move out earlier, but their lease runs to the end of the month.


Offer a prorated rent calculator on your website. 


Find out if your state requires you to use the flat 30 method for prorating rent.

Bottom Line on Prorating Rent

Keep your tenants happy when calculating prorated rent

Prorating rent is easy to do and an easy way for a landlord to start or maintain a good relationship with their tenant. It makes tenants feel like they’re getting their money’s worth and like the landlord is on their side. 


Unless you have to use the flat 30 option, the monthly method of prorating rent is a landlord’s best bet because it’s easiest to explain to the tenant. 


And a happy tenant is the best bet for a happy landlord.


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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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Last Modified on 09/09/2020

If you’re planning to invest in Plano, Texas, you probably want to make sure you have successful investment experience.

It’s more complicated than finding a great property, renting it to tenants, and collecting rent.

We have talked previously about what’s required in order to succeed as a real estate investor. Today, we’re covering a topic that’s just as important: how do you avoid failure?

We’re exploring some of the most common reasons that owners will fail if they don’t invest correctly in the Plano real estate market.

1. Failures Occur Without Investment Criteria

Successful investors acquire properties that fit their investment criteria. Failed investors often don’t have any investment criteria at all.

You can’t look to someone else to establish that criteria for you. Your Plano property manager can help you evaluate the rental properties you’re considering and a real estate agent can help you negotiate a great price for the home you’ve identified, but only you can establish your own investment criteria.

What are your investment goals?

Why are you buying rental property in Plano?

If you can’t answer those questions, and you cannot create a set of investment goals and criteria, there’s a very good chance that you may fail.

Many investors are focused on cash flow. That’s going to give you a specific set of options when it comes to choosing a rental property in Plano to buy.

Other investors have goals and strategies that focus on appreciation and the growth of their asset’s value. Those buyers are going to be looking at different properties.

Plano is a hot market for nearly every type of investor. You’ll find something that fits your goals, but you have to know what those goals are. Don’t make the mistake of buying something just for the sake of buying it.

Revisit Your Investing Goals

Part of understanding your investment goals is revisiting them from time to time. If you were investing three or five years ago, you’d find that Plano is a much different market today than it was then. In five years from now, who knows what we’ll find when it comes to Plano real estate. You have to revisit your investment goals and you have to adjust them.

In Plano, home values have risen dramatically in recent years, and they are moving faster than the rents are. Many school districts have changed, and there’s a surge in the tech industry presence.

Rents will likely start to keep pace with the growth of home values, but it’s something you’re dealing with in this market today that you weren’t dealing with five years ago.

Make sure your investment goals are consistent, but also flexible.

Consider the Pandemic’s Impact

Currently, we’re in the middle of a pandemic, and that’s going to do weird things to the real estate and financial markets. To avoid failing with your Plano investment property, make sure you’re able to update your criteria and be honest about your expectations and challenges.

There is no right or wrong answer to how and when you invest. It has to fit your goals.

Investment home in Plano, TX

2. Failures Occur Without Due Diligence

Another reason that investors will fail in Plano is that they’re not doing their due diligence. You have to get to know the market if you’re going to invest successfully here.

Know the School Districts

Explore the various schools within the district and get to understand the property taxes. In Texas, there is no state income tax, but we do have property taxes that will affect your real estate assets.

Understand and Anticipate Maintenance Costs

You also have to do your due diligence when it comes to maintenance. This is a major area that can cause investors to fail. The deferred maintenance on your property can really come back and bite you where it hurts.

You might be having positive cash flow during a tenancy with a great resident in place, but if that resident moves out and you’re thinking about moving a new resident in, you might find that there’s a lot of unreported and deferred maintenance.

That’s going to be a problem.

The city may not certify your property because there’s a foundation issue or a roof problem or something wrong with the plumbing. Deferred maintenance is a huge source of failure, so stay on top of it.

3. Failures Occur When Emotions Take Over

Finally, one of the most common reasons an investor will fail in Plano is that emotions take over. Your rental property is a business, and it has to be treated that way. Be consistent and don’t relax your criteria because you’ll regret it.

Focus on the Numbers

When you’re an investor, the numbers matter more than your emotions. Sometimes we choose to ignore what the numbers are telling us because we have an emotional tie to a home or a personal belief.

The data is the data.

It’s not our job to push the data so it means something else. Listen to what it’s telling you.

Leverage the Data

Plano is a fast-moving market, and you want to make sure that your numbers are dictating the deals. Your past experience doesn’t matter, and how you feel doesn’t matter. Have a data-driven strategy and make sure it aligns with your goals before you purchase.

Trust but verify and make sure you’re cognizant of what the numbers are telling you. Don’t make this mistake of comparing your Plano numbers to other areas in North Texas or other markets across the state or the country. Focus on what Plano is doing now.

Wrapping Up

If you have any questions about investing in Plano rental properties or you’d like some help avoiding some of these things that lead to investment failures, please contact us at Mynd Property Management.

To keep your education going, we’d invite you to join us online. You can learn more about real estate investing through several other opportunities to connect with us.

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

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Oakland, CA, June 27, 2019

Investor buying of homes in the U.S. is at record highs, and Dallas is one of the hottest markets in the country, the chief executive of HomeVestors of America Inc. told the Dallas Business Journal at a conference in Austin on Wednesday."Dallas is one of the most competitive markets in the country,” said David Hicks,president and CEO of the Dallas-based company known for it’s “We buy ugly houses” ad campaign. “It’s an unusual market right now. There are more investors right now that are looking for properties and buying properties, and the values in Dallas are going up and up.”Nationwide, business is booming as well, Hicks said during a panel discussion called “New Landlords and Cutting-Edge Investors” at the National Association of Real Estate Editors conference.“Last month was the best month ever in our history,” Hicks said, “and it looks like we’re going to beat last month this month.”Colin Wiel, co-founder of three-year-old property management company Mynd Property Management, said today it’s difficult for individuals to invest in rental properties, but his company’s technology is trying to change that.Mynd provides property management technology for “small residential,” including single-family rentals and apartment buildings up to 49 units in size. Small residential constitutes 87 percent of all the rental units in America, Wiel said during the panel discussion.“There’s this whole invisible industry of small residential that needs to be transformed with technology and made more professional and mature,” Wiel said. “When that happens, it will make it easier for everybody to invest in rental properties.”CoreLogic economist Ralph McLaughlin said the tax breaks involved in Opportunity Zones will be a game-changer for the home investment market.“It’s going to direct a lot of money that’s never been in real estate into real estate,” he said. “That’s going to lead to an increase in small investors who haven’t really worked in real estate before.”Back to Dallas-Fort Worth, demand for housing is far outstripping supply, Hicks said.“It’s a real tight supply right now,” Hicks said. “There are a lot of investors looking for properties and a lot of people moving into Dallas. There’s just a lot of demand right now.”

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