Our team of local professionals at Mynd Property Management are different than other South Bay property managers. Servicing the greater San Jose, Sunnyvale, San Mateo, and Morgan Hill 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 shipping, oil refining, and aerospace as South Bay’s 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.
The South Bay is rich in industry: shipping, aerospace, oil refining, automotive manufacturing, and higher education. That means plenty of people who need housing! We’ll make sure you always have top-notch tenants, and we’ll make sure your tenants have top-notch housing. That means regular repairs and maintenance, as well as any duties we need to perform in between tenants. That includes repainting, recarpeting, etc. In the event of a vacancy, we’ll rush to get your units filled without compromising the quality of your occupants.
Expect Mynd’s property managers to perform rigorous background checks and to keep abreast of payments so that you never miss a month’s rent
4118 Clipper Court Fremont,
The South Bay’s Silicon Valley has the largest concentration of high-tech companies in the US. Those are reliable tenants that Mynd will scoop up and use to fill your South Bay Area rental properties! We’ll provide them with top-notch service to keep them satisfied. Explore our South Bay Area property management knowledge center below!
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?
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 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.
Median home price: $354,019
Home prices have gone up 9% in the past year.
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.
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.
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.
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.
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.
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 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:
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.
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.
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.
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, WA 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 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.
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 email@example.com
Tonight – Tuesday, June 0th – the City of Milpitas, CA is going to vote on whether or not to adopt an emergency ordinance that would require all local landlords and Milpitas property managers to have “just cause” before evicting a tenant. Residents, landlords and Milpitas property management companies are being asked to voice their opinions about this ordinance. The deadline to submit comments and feedback is tomorrow night at 7pm.By way of background, the city of Milpitas is going through a severe housing shortage. This isn’t a problem unique to Milpitas; the entire Bay Area is struggling with the same issue. As rents climb, more residents are at risk of displacement—even homelessness.The logical solution is to ease building restrictions to encourage new housing production. Simple supply and demand.But housing takes time to build. So in the meantime, the City of Milpitas is considering strengthening rent control measures. The first step toward that end is implementing a“Just Cause Evictions” emergency ordinance, which is going before the City Council for vote tomorrow night.“No-cause evictions destabilize and can result in the loss of affordable housing,” the ordinance states. “This ordinance is urgently needed for the immediate preservation of the public peace, health and safety.”The emergency ordinance, if approved, creates two categories of evictions: () For Cause Terminations; and () No Fault Terminations.For Cause Terminations include: failure to pay rent, breach of rental contract, tenant illegal activities, failure to allow landlord access to the unit, tenant rejected written lease extension, tenant violated occupancy restriction, and landlord condo conversion, among a few others.No Fault Terminations include: when the landlord removes the unit from the market; if the landlord or his immediate family want to move into the unit; the unit is temporarily unfit for habitation while the landlord makes repairs; or if the unit will be substantially renovated.Under the emergency ordinance, a landlord or East Bay property manager serving Milpitas will be required to pay tenants relocation assistance if the tenancy is terminated through a No Fault termination. The amount of relocation assistance depends on whether you’re a “large landlord” or “small landlord.” The ordinance considers anyone with more than four units in the City of Milpitas to be a “large landlord,” those with three or fewer units are a “small landlord." Large landlords will be required to pay relocation assistance equivalent to five times current fair market rents or four times the monthly rent the tenant is paying at the time Notice of Termination is delivered, whichever is greater. Small landlords must pay the equivalent of one month fair market rent or one month’s rent of what the tenant is currently paying, whichever is greater.The ordinance also allows any tenant who receives a Notice of Termination to bring a civil action against the landlord or East Bay property management company serving the unit as a means of contesting the eviction. Doing so would result in injunctive relief to halt the termination of tenancy while the case is being heard.What’s more, this emergency ordinance will apply to ALL rental units – whether or not the units are covered by the state’s Costa Hawkins rent control policy. It does not matter when the rental unit was constructed (), or if the unit is a condo or owner-occupied. ALL RENTAL HOUSING UNITS, regardless of size, type or year built, will be subject to this ordinance.Advocates say the policy will create a more stable housing market. Landlords and Milpitas property managers, meanwhile, are afraid the ordinance will limit their ability to keep renters safe. Moreover, although the ordinance is a well-intentioned policy aimed at protecting renters in today’s red-hot rental market, it’s really just a bandaid. It does not address the heart of the issue: the area’s lack of affordable housing. The only way to truly address the Bay Area’s housing crisis is by building more housing for people at all levels of affordability.No matter where you stand on the issue, you’re running out of time to weigh in! Remember, the deadline to submit feedback about the ordinance is tomorrow at 7pm, at which time the City Council is expected to vote on whether to approve the emergency ordinance or not.SHARE YOUR FEEDBACKJust Cause Eviction Emergency OrdinanceWhen: Tuesday June 0th at 7pmWhere: Milpitas City Hall: 455 E. Calaveras Blvd., Milpitas CAAttend the City Council MeetingSpeak up and bring other property owners and community members with you. The meeting will take place on June 0th at Milpitas City Hall on 455 E Calaveras Blvd, Milpitas.Contact the Mayor & CouncilIn addition to attending it is important that Milpitas property managers, landlords and residents tell the Milpitas City Council how the Just Cause Eviction ordinance will impact them.. Call or write to the City Council:.Mayor Rich Tran - firstname.lastname@example.org - 408-586-309Vice Mayor Marsha Grilli - email@example.com - 408-586-303Council Member Bob Nunez - firstname.lastname@example.org - 408-586-304Council Member Gary Barbadillo - email@example.com - 408-586-303Council Member Anthony Phan - firstname.lastname@example.org - 408-586-303
With a diverse population, lively cultural scene, shady oak trees, beautiful green spaces and hip tourist attractions, Oakland is a place that offers many opportunities to real estate investors. Its Bay Area general location, proximity to the famous San Francisco, and its own unique urban identity are some of the main drivers of the area's real estate market. More and more potential renters and active home buyers are searching for a place that's affordable, offers top-notch healthcare access, leisure options, and education opportunities, thus Oakland is often the top choice.
With a 0.86% population rate growth in 2017 (higher than the national 0.7% average), Oakland is home to more than 420,000 people and the number is constantly growing. The economy is strong and steadily growing, supporting key industries like healthcare services, business services, food processing, transportation, light manufacturing, international trade, logistics, and retail. Therefore, the real estate market in the city is pretty heated up which makes Oakland a great option for real estate investors.
There are a number of factors to consider, including:
The top neighborhoods for real estate investing in Oakland are Montclair, Cleveland Heights, and Longfellow. Montclair boasts of single-family homes with a median property price of $695,000, Cash-on-cash (CoC) return of 2.7%, cap rate of 5.3%, vacation rental CoC return of 4.2%, and vacation rental cap rate of 6.9%. With a median property price of $195,000, Cleveland Heights' properties are considerably cheaper than other areas; plus, it has a great location, close to other parts of the city, yet enjoying some peaceful isolation. The CoC return in Cleveland Heights is 2.9%, cap rate is 5.8%, vacation CoC return is 3.7% and vacation cap rate is 6.6%. Longfellow is a nice choice for real estate investors interested in traditional renting. Plenty of people from San Francisco are considering this neighborhood thanks to its affordability. The median property price is $524,000, CoC return is 3.7% and cap rate is 6.5%.
Oakland is a fast-growing, renaissance city with an abundance of development and real estate investment opportunities. Continuously growing population, job market, and leisure options make real estate investment in Oakland a wise choice for property investment.
For more information, refer to our Knowledge Center and visit our Oakland property management page for local landlord tips and information. Our local team has vast knowledge and experience in local Oakland property management and can help you to have a better investment experience. We educate on topics in the Oakland area ranging from repairs and maintenance, leasing, fair housing and even dealing with emergencies! We look forward to furthering your rental property education.
At Mynd, we want you to think of us as more than just an Oakland property management company. We want you to view us as your investment partner.