Seattle property management services are worth it because they do so much! 

• Minimize liabilities
• Early lease terminations
• Emergency Management
• Encourage qualified tenant renewals
• Ensure easy rental property turnover
• Eviction
• Rent Collection
• Lease signing
• Manage tenant satisfaction
• Maximize rental income
• Perform regular maintenance
• Property inspection
• Prospective tenant screening
• Quickly reply to every maintenance request
• Tenant placement
• Write rental property listings
• And more!

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At Mynd, we’re confident that we’re the highest quality Seattle property management service. Don’t take us at our word, though. Let us prove it to you!

• Ask us for references.
• Request our internal customer satisfaction scores.
• Read reviews online from multiple sources.
• Have in-depth conversations with our property managers.

Ask to take a peek at a sample operating budget and a line-by-line explanation of all the fees and services. You want to know all the details of what you’re paying for and not agree to any services you don’t want or fees that lead to a conflict of interest. There are two reasons for why.

Operating Budget: You can see how your property manager does their bookkeeping, estimate how much money to invest, judge if tax deductions are being maximized, and study cash in and outflows, so you know how your investment dollars work. 

Fee Breakdown: If your lease agreement stipulates that fees will be applied for late rent payments and lease violations, then it’s a red flag if your property management company gets a percentage of those fees. That rewards them for mismanaging your investment. It also creates a conflict of interest because collecting a percentage of the investment creates a motivation for your company not to remedy the problems because the persistence of those problems means additional profit.

A property manager has three commitments.

1. Maintain the property owner’s best interest. Mynd represents your best interests. We practice good property maintenance, acquire qualified tenants, obey the law, and make the most of all tax benefits.
2. Maintain the best interest of the tenant. To earn lease renewals, property managers must be responsive and respectful. That means taking care of issues as soon as possible, respecting tenants’ privacy and schedules, and asking tenants for their input. Above all else, tenants need to feel valued. 

Obey the law. Investors are protected from incurring losses tied to financial penalties, legal liabilities are minimized, tenant safety is prioritized, and tax deductions are maximized by following local, state, and federal laws.

There are three main things a property manager does.

1. Maintaining the best interest of the property owner: Mynd makes sure your best interest is represented at all times by taking care of your property, placing qualified tenants, following state and local regulations, and maximizing what you get out of tax deductions.
2. Maintaining the best interest of the tenant: High-quality property management services encourage your tenant to stay in your Sacramento rental property, extend their leasing, and even accept occasional increases in rent. That minimizes the likelihood of vacancies and negative cash flow.

Abiding by the law: Following state and local regulations means the investor is shielded from losses incurred from financial penalties, harmed tenants, and helps get the most savings out of tax deductions.

If you want a good property manager, you need someone with expertise, level-headedness, and equal respect for both the tenant and the property investor. 

Expertise: Property managers require a lot of knowledge: handling repairs, putting together lease agreements, bookkeeping, scaling investment portfolios, writing rental listings, etc. 

Level-headedness: Confidence is necessary for property managers to inspire trust, and humility is needed to recognize limitations and correct missteps. No one is perfect, including property managers. Knowing that makes you a better property manager; denying that tends 

Respect: The wants and needs of tenants and investors are not at odds. Both require responsive communication and a friendly yet professional demeanor. Many of the property manager’s responsibilities can only rightfully be handled by a delicate yet firm grip, Early terminations, evictions, problematic tenants, challenging contractors, etc. All of these proceedings, be they legal or otherwise, demand composure to reduce landlord liability and property damage.

Evictions and early lease termination can be handled by property managers. Eviction can take a long time, be expensive, and culminate with damage to your property. 

So, you want a qualified property manager who will make evictions less likely and, if they occur, manage them in a manner that reduces harm to your investment and reduces liability. 

Give your potential property manager a pop quiz. 

• How would they encourage lease resigning?
• How would they maintain tenant safety?
• What would they do if a tenant was regularly paying rent late?
• What would they do if there were bed bugs?
• What would they do if they got a call early in the morning that the basement was flooding?

Also, ask about the property management company’s internal data. 

• Ability to leverage economies of scale
• Investment cash-on-cash return
• Knowledge of the metro Tampa area
• Payment delinquency rate
• Size of the professional network
• Tenant retention rate

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If you're a limited liability corporation (LLC) or run a vacation/short-term rental, then you need a license.

The number one thing that guides the actions of the property manager is protecting the investor’s property. All other things a Seattle property manager does stem from this commitment.

• Every potential renter is rigorously screened so that the tenancy goes to a qualified tenant who can make their rent payments on time, follow the rental agreement’s stipulations, and is less likely to damage property.

• All local and state rules and regulations are adhered to reduce the landlord’s liability and make most tax deductions.

• The property is consistently maintained, and requests for repairs are responded to ASAP to limit wear and tear and encourage lease renewals.

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Property managers can terminate lease agreements early and evict tenants as well. 

Eviction can take a while, be pricey, and end with property damage, so you want a property manager who will reduce the chances of an eviction and manage evictions in a way that reduces potential harm to your investment and reduces your risk exposure. 

Overall, you also want to minimize vacancies, which evictions and early lease terminations will cause.

Mynd’s property managers offer many services that an individual investor would have to work hard to match. An inability to provide these services is a reason why owners fail when they invest in Seattle.

• Tenant screening (including online rental application)
• Repairs, inspections, and maintenance
• Quality resident screening
• Online portal
• Legal and compliance
• Financial reporting
• Electronic rent collection
• Digital leasing
• Dedicated portfolio manager
• 24/7 Emergency Support
• And more!

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Mynd uses a rigorous potential tenant screening process to find prospective tenants that are consistent, responsible, and reliable. Mynd knows that positive cash flow is as important a part of real estate investment success as quickly making repairs, getting lease renewals, and decreasing property damage. 

Mynd obeys all fair housing laws when looking for a renter, which means that people cannot be denied tenancy based on their membership in a protected class. 

• Age
• Color
• Disability
• Familial status
• Gender identity
• National origin
• Race
• Religion
• Sex
• Sexual orientation

Mynd is committed to getting qualified tenants who will reside in your place for a long time and treat your property as if it were their own.

Mynd property managers collect rent and security deposits. At Mynd, we have an easy-to-use Resident Portal that facilitates easy rent collection online.