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Our team of local professionals at Mynd Property Management are different than other San Diego property managers. Servicing the greater Carlsbad, Escondido, Irvine, Hillcrest and Temecula. Mynd knows San Diego 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. Trade, tourism, and manufacturing were once San Diego’s greatest investments, now, it’s residential real estate. 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.
Kyle is a genuine San Diego native who studied Business Management at the California State University of San Marcos. He was born in Southern California and raised as far south as El Cajon and as far north as Escondido, with friends and family members everywhere in between. His entrepreneurial, sales, and negotiating background with a love for working with people led Kyle to begin his real estate career and develop his passion for asset management. As a motivated and professional San Diego Real Estate Agent and Property Manager, Kyle actively searches to advise, assist, and/or help clients through the real estate process. Kyle loves to go to the beach on his days off, as well as spend quality time with his friends and family.
San Diego has a vast naval and student presence, which means a never ending stream of new tenants. That brings with it a need for rigorous occupant screening. Thanks to Mynd’s property managers, vacancies will be minimized. We’ll check credit scores, conduct background checks, and meet one-on-one to make sure your renters are on the level.
And leave the upkeep to us! Repainting, deep cleaning, recarpeting: we’ll take care of it all! And we’ll take care of all the marketing, open houses, and rent collection, too! Yeah, Mynd property managers do that much for you so that all you have to do is profit
5920 Friars Road, Suite 104
San Diego, California 92108
United States
Certain neighborhoods, like Pacific Beach, are close enough to the water that they require extra measures of care due to their regular exposure to salt water. We will ensure your San Diego rental property is taken care of. Explore our resources below to learn how Mynd's San Diego property managers will make sure no unexpected damage comes to your home!
San Diego’s economy is booming, but don’t just take our word for it. Look at the cranes dotting the skyline, indicative of new development. Notice restaurants packed to the brim, a sign that disposable income is on the rise.Or, just look at the data.
Recently released data find that the region’s unemployment rate, which had already been trending downward, fell yet again/
San Diego’s unemployment rate has now reached an impressive 17-year low.
To put that in context: the region’s unemployment rate is lower than both the state and national averages. More locally, San Diego fared better than its neighbors in both Riverside and Los Angeles.
San Diego’s unemployment rate is the 7th lowest in the nation among the 25 most populous metros San Francisco earned the top spot in Q4 2017, with an unemployment rate of just 2.7% -- not all that much lower than San Diego’s.
What’s more, among that same group of 25 metros, San Diego experienced the second largest year-over-year decline in unemployment.
So, what’s driving this trend?There are a few employment indicators worth highlighting.First is the net new number of jobs added to the private sector payroll. In Q4 2017, the region added approximately 22,100 jobs – a 1.5% increase in total number of jobs. This puts San Diego about squarely in the middle of the pack relative to other metros.
Second is the shift in seasonal employment. San Diego’s unusually low unemployment rate is driven, at least partially, by seasonal hiring that occurred in Q4 in advance of the holiday shopping season. San Diego’s retail trade had the largest month-over-month increase of all the employment sectors, according to BLS data.
Yet when adjusted for seasonal swings, the San Diego unemployment rate still hovered around just 3.5%, and “showing a jobless rate well below 4% underscores the tightness of San Diego’s labor market,” explains Lynn Reaser, chief economist for the Fermanian Business & Economic Institute at Point Loma Nazarene University.In order to sustain this near rock-bottom unemployment rate, the city will need to attract more workers to San Diego. Employers are ready and eager to put down roots in San Diego, but there’s growing concern that if they do so, they won’t be able to find the workforce they need.
“Growth in the long run is really based on bodies, having more workers,” says Chris Thornberg, economist and founding partner of Beacon Economics. Thornberg explains that more housing is necessary if San Diego is going to attract more people to the region.
Thankfully, San Diego IS building more housing. In fact, San Diego apartment deliveries hit a record high in 2017. This might not be enough to satiate pent-up demand, but it is at least a step in the right direction.
The strength of the local economy is an important indicator as to how well a local housing market will perform in the near future. By all accounts, it seems as though the underlying market fundamentals in San Diego will ensure robust employment for the foreseeable future—great news for anyone interested in investing in San Diego-area real estate.Interested in learning more about the San Diego market?
You’ll need to know what constitutes a maintenance emergency and how to handle them. That’s the topic of our discussion today.
A maintenance emergency is anything that could damage the structural integrity of your home.This could be through water, fire, or any other major hazard. Emergencies require immediate action. Changing a light bulb isn’t an emergency situation, obviously. But, water is an emergency. If there’s a leak in the home, it can lead to a lot of damage and huge expenses. You need to figure out where the water is coming from and what kind of damage it may be doing.
To effectively respond to a water emergency, you’ll need to know how to shut the water off and stop the bleeding. You need to know how to identify the issue and also how to prevent it from recurring.When an emergency occurs, make sure your resident knows what to do and how to mitigate the damage. For example, you want your residents to know where the water shut off valve is located. If you share this information ahead of time, you won’t have to drive over to the property to shut the valve off yourself.As an investor, this is an important lesson. Not only do you need to know where that shut off valve is yourself; you also need to communicate that to your residents before they move in. Tell them where it is and how to shut it off.It always seems to happen that emergencies tend to occur at two or three in the morning when everyone is asleep. It’s important that everyone knows how to stop the emergency no matter what time of night or day.
If a house has two bathrooms and one of those bathrooms isn’t working, then it’s not an emergency because there is another functioning bathroom.However, if the home only has one bathroom, the property is uninhabitable when that toilet stops working. It would be considered an emergency. This is clearly stated in the property code, and you can find in the current laws. The language is clear that issues leading to unsafe or uninhabitable homes are considered emergenciesIn San Diego, it may not seem like an emergency if your air conditioning is not working. But, in Arizona, a broken air conditioning unit would absolutely be considered an emergency. It’s important to understand how you define an emergency before you even get going. What an emergency is to the resident may be completely different to what it is in the property code is and what the law says.
Always check the property code for guidelines and requirements when it comes to how quickly you respond to an emergency maintenance situation.Treat every emergency maintenance situation with a clear sense of urgency. Document when the call comes in and track everything that you do. This may be important later on if the residents try to claim that you didn’t respond to an emergency in the appropriate timeframe. You’ll want to demonstrate that you mitigated the damage and worked as quickly as possible to take care of the problem.Develop a process and put it in writing. Then, follow it consistently every time there’s an emergency maintenance issue that requires your response.
Make sure you’re sending the right vendors to get the job done. You want to make sure the right person is licensed and insured and specializes in the area of the emergency. Sending a general handyman over to take care of a major pipe burst is not going to help you. Rely on professionals who understand how to respond quickly and completely.You always want to have a licensed and insured person do the job because it protects your property and provides peace of mind. There’s also a legal necessity. If you file an insurance claim, the insurance company might want to know who worked on the problem and what their qualifications are. So, maintenance emergencies are not the best time to cut corners or try to save a few pennies. Do it right, and work with good vendors who provide a valuable service.Always work with licensed and insured contractors. Hiring just anyone because you want to save money can lead to huge financial losses. The liability and risk is huge.If you have an emergency, make sure you can identify if it is truly an emergency. See if you can stop the emergency from getting worse, and figure out where it is coming from. As soon as you’re able to contain the problem, you’ll want to start working a solution. Evaluate what kind of expertise you need, and then call those professionals. Always be sure you’re operating within the confines of the law, and fix the situation completely.Working with a professional San Diego property management company is an excellent way to protect yourself and your property from maintenance emergencies. A good property manager is available to your residents 24 hours a day and has a list of preferred vendors who are quick to respond and do great work. You won’t have to worry about a process or a plan, because your manager is sure to have one already.We can be your San Diego property management resource. Contact us at Mynd Property Management to learn more.You can also 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.
San Diego is a bit of a unique city, and there are a lot of interesting dynamics to it. As an investor, you need to pay attention to these five things when you want to succeed in the San Diego market.
San Diego is North America’s finest city for a number of reasons.
It really is all about location, and you have to understand San Diego’s geography and know how to make it work for you when you’re choosing an investment property. We do have everything here in San Diego. Kyle was actually born and raised in the area, so he knows the entire county and why it’s such a great place to visit and to live and to invest.
San Diego provides the beach. It also offers mountains and snow within two hours of downtown. People can enjoy lakes and hiking trails and plenty of golf. There’s consistently nice weather all year long, and that’s why people are moving to San Diego. This is a highly desirable area for people, and successful investors understand the city and its surrounding area. You don’t have to spend time in San Diego before you buy an investment property, but it might help you make smart decisions if you can get a feel for the place.
When you invest in San Diego, you can be confident that there will always be a demand for rental homes in the market here. Home prices are consistently stable and continually rising despite minor dips and values in our market.
Rent prices are also stable. Investing in San Diego successfully means approaching the process with a plan for longevity. You’re not going to cash flow a house and get in and out of the market profitably in a year or two. You need to settle in for a long term investment. With home prices stable and rising, you can count on your investments to earn you some great long term returns and ultimately, some steady cash flow. Don’t look for ways to make quick money. You’ll be more successful as an investor when you hold your assets for at least 10 or 20 years.
A lot of potential investors may be looking at San Diego and feeling like the market is too expensive. Entering the San Diego real estate market can seem prohibitive, and it may look like there’s a bubble that’s ultimately going to burst soon. If this is your concern, you’re partly right. But, that doesn’t mean you shouldn’t invest in San Diego. You can still do it successfully as long as you’re prepared.
There are frequently dips and peaks in the value of our market here in San Diego. They happen. But, they happen in every market across the country. This is a big part of investing in real estate. Looking at the bigger picture, you can count on making a good investment when you buy property in San Diego. Take a look at home prices. Yes, it’s expensive to buy a property. But those prices are continuing to rise and have essentially almost doubled in some areas. They will only continue to climb higher.
When you look at the big picture and you remember that you’re committed to longevity, homes are going to continue to maintain their value and even increase. A successful investor will not panic if the market takes a dip or things suddenly look uncertain. Make strategic moves, not emotional ones.
The smartest and most successful San Diego investors understand the pool of residents in this city. One of the best things about owning rental property here is that the local economy isn’t reliant upon a single industry to keep the city profitable and employed. San Diego will not collapse if a single employer shuts its doors or one industry begins to lose relevance.
Within this market, you’ll find a lot of prospective residents who are in the military, work in the tourism industry, and are affiliated with universities and school systems. There’s a lot of business here because the city is so close to the border. So many industries are creating jobs and fueling economic growth. This leads to a surging and stable population.
As an investor, this increases your potential for success. Pay attention to who you’ll be renting to. With the military, you have a lot of people moving in that need rental properties. You also have a lot of retirees that will come in in the winter time when it’s cold in the North. These demographics have a huge impact on the pool of residents applying for your home, and you need to understand what they want in a property. This will help you attract and retain the best and most qualified residents.
Finally, you will increase your chances of succeeding in if you work with professional San Diego property managers. It makes a big difference to have professionals who understand the market and can align their services with your investment goals. Your property managers will have a huge impact on your success in the San Diego rental market.
If you’d like to talk further about investing in San Diego, we hope you’ll contact us at Mynd Property Management. We’d love to share our resources and expertise to ensure you have a successful investment experience.You can also 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.
