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Property Management

Our team of local professionals at Mynd Property Management are different than other Tampa property managers. Servicing the greater St. Petersburg, Brandon, Palmetto and Clearwater 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. Industry and trade once were Tampa, Florida’s greatest investments, now, it’s residential real estate. It’s time to make your Tampa 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

$129
Monthly Management Fee
50%
Rental Leasing Fee
$299
Lease Renewal Fee
checkmark - feature included
Rental Income Guarantee
checkmark - feature included
Eviction Protection

PEACE OF MYND PLAN

$179
Monthly Management Fee
0%
Rental Leasing Fee
$0
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

Bryan

Portfolio Manager

Bryan has a dedicated passion and drive for real estate, generating income, and finding great investments. He has over 10 years of experience in the industry including starting his own PM company. Bryan’s main focus is managing and acquiring residential real estate in centrally-located desirable neighbourhoods. Reach out to Bryan if you are interested in learning more about Tampa & surrounding markets!

Tampa

At Mynd, we’re also real estate investors, so we know all the concerns and challenges that come with rental property ownership and investing in the Tampa area. We know that when hurricane season starts, your rental unit is in danger of experiencing damage caused by wind, flooding, debris, etc. And so is your own home if you live in the area.If forced to choose between caring for your own residence and your rental property, you’re going to choose your own home. No one blames you. But thanks to property managers from Mynd you won’t have to make that choice.

Kate
Leasing
Kathleen
Accounting
Gina
Resident Services
Matt
Maintenance

Tampa

Tampa

4830 W Kennedy Blvd
Suite 600
Tampa FL 33609

Mynd Property Management is local
(813) 867-2471

Tampa

Improperly installed stucco is a problem in Florida. Your Tampa rental property investment is as important to us as our own properties. We ensure your rental income is optimized, that your residents are happy, and that if you have stucco it’s all good. Explore our resources below to learn more about property management in Tampa, FL!

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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Residential real estate properties in Tampa, FL, great for investing!

Why Invest in Tampa Real Estate?

The recent success of the Tampa Bay Lightning improved real estate in the area thanks to a generous owner. With the help of Lightning owner Jeffrey Vinik and Bill Gates’ Cascade Investment, L.L.C., a new $3 billion dollar development is being planned, bringing significant growth to the downtown area. Open since January 2020, the USF Health Morsani College of Medicine and Heart Institute focuses on growing biotechnology, biomedical and pharmaceutical firms around it. Having this research institute will help Tampa improve the individual quality of life in the area.

Florida’s largest port, also ranked as one of the best cities for the outdoors, is a popular attraction for younger families or those who are retired. The cost of living in Tampa is 5% lower than the national average and home to 7 Fortune 500 companies. The recent expansion of the Panama Canal, Tampa is experiencing a ripple effect stronger than before. More ships are docking in the port for trade and military supplies. In return, Tampa’s expected to add significant rental demand for short-term employees in the area.

Tampa Real Estate Market Highlights

  • The largest port in Florida
  • Ranked #1 for the nation’s best places to invest in real estate (Business Insider)
  • Tampa ranks 5th for ROI in a single-family home – (Biggerpockets)
  • The Panama Canal Expansion will bring significant economic growth
  • 9th fastest-growing metro in the U.S. – (Biz Journals)
  • 5% lower cost of living in Tampa than the national average
  • Among the top 20 US cities with the best quality of life (New Arena)
  • 12th best place to live (Livability)
  • 5th best city to start a business (Wallethub)
  • 2nd best city to find a job – (Biz Journals)
  • Home to 7 Fortune 500 companies
  • 45% of Tampa’s housing market is renter-occupied
  • Master Plan for Tampa’s Center City - government plan to finish improving downtown Tampa
  • Tampa is ranked as one of the best outdoor cities – (Forbes)

West Tampa Real Estate Market Highlights

With the presence of Tampa’s sports teams in the west, this area is great due to the complacency of the stadiums. The best beaches in Tampa are in the west, such as Clearwater or Fort De Soto. However, the biggest thing to keep in mind is the expansion of the Panama Canal. Look to the west for future investment because of the expansion of the Panama Canal that will increase trade in the area and attract those enlisted in the military to the coastline.

  • Tampa International Airport - 8.8 miles from downtown
  • Raymond James Stadium - NFL Tampa Bay Buccaneers
  • Tampa’s Lowry Park Zoo
  • The Panama Canal Expansion will bring significant economic growth
  • WaterWorks Park (Forbes)
  • David A. Straz Jr. Center for Performing Arts
  • Tropicana Field - Tampa Bay Rays’ baseball field (St. Petersburg)
  • University of Tampa
  • Derby Lane St. Petersburg - greyhound racing 9 miles north of Tropicana Field
  • The Dali Museum - glass-paneled art building next to Tropicana Field
  • Clearwater Beach - #1 ranked beach in Tampa
  • Fort De Soto Beach - beach camping south of St. Petersburg

East Tampa Real Estate Market Highlights

Known for authentic Cuban food, nightlife, and entertainment, east Tampa is home to the highly reputable Ybor City. The area has concerts, an aquarium, and a sports arena. With plenty of activities to do, east Tampa is not only a great place for schools but also a hot spot for young professionals.

  • Busch Gardens Tampa Bay - African themed zoo & amusement park
  • Raymond James Stadium - NFL Tampa Bay Buccaneers
  • Tampa’s Lowry Park Zoo
  • The University of South Florida - a research university
  • Home to the recently-open USF Health Morsani College of Medicine and Heart Institute (January 2020) - $152.6 million dollar building and $3 billion dollar development.
  • University Mall - shopping, movies, restaurants
  • Adventure Island - an outdoor water theme park
  • The Florida Aquarium - 20,000+ animals and plants
  • Florida State Fairgrounds
  • Amalie Arena - a downtown indoor sports arena for hockey, basketball
  • MIDFLORIDA Credit Union Amphitheater- the largest concert only facility in Tampa
  • Seminole Hard Rock Hotel & Casino Tampa

For more information refer to our Knowledge Center and visit our Tampa, FL Property Management page for local landlord tips and information. Our team has vast knowledge and experience in local Tampa, FL property management and can help you to have a better investment experience. We educate on topics in the Tampa, FL area ranging from repairs and maintenance, leasing, dealing with local emergencies and even preparing for emergencies! We look forward to furthering your rental property education.

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When you’re in the middle of an emergency with a Tampa rental property, there are some things that you need to think about immediately to stop the emergency and then respond to it effectively. When you get the phone call that every landlord dreads, you need to stay calm and think professionally.

First Responses: Stop the Emergency from Getting Worse

The first thing you want to do is to make sure the emergency doesn’t have an opportunity to grow bigger or more difficult. You’ll need a well-informed resident who understands what to do during specific emergencies.Stop the emergency by turning off the water if it’s a flood from inside the house. Call the fire department if there’s something burning inside the house. During an emergency, you want to be sure your resident is doing everything possible to protect human life and to reduce the likelihood that the emergency will get worse.Once the initial damage is done and the crisis is stopped, the appropriate restoration methods can be undertaken. This is where the damage will be assessed and some context will be given to the overall situation. Water restoration companies can be called, for example. Insurance claims can be initiated.The first step is knowing who to contact and how to deal with the immediate response according to the situation. That first response will depend on the emergency; you and your resident will respond differently if it’s a maintenance emergency or a hurricane.

Step Back and Take a Breath

When there’s an active crisis happening all around you and the emergency is going on in real time, it’s easy to get caught up in a lot of rear and emotion. You want to take immediate action because your adrenaline is rushing and you are probably in a bit of a panic. This is normal, but force yourself to stop. Take a breath.Assess everything that is going on, even if you take just a few minutes to do this. Your instinct may be to spring into action right away, but you want to make sure you’re taking the right steps and the most necessary actions.It could be a fire or a flood. It could be a tropical storm or a tornado. Maybe it’s something more long-term, like the coronavirus pandemic we’re still recovering from. It will help you if you’re thinking straight. You’re running a business with your Tampa rental property, and you have to be logical. Make decisions from a place of logic and reason, and not from a place of fear and emotion.

Safety and Security of Your Resident

The first thing any Tampa landlord will think about during an emergency at their property is the safety and security of the resident. There are people living in the property that you rent out, and their health and safety while inside that home is one of your greatest priorities. So, make sure you’re taking actions that reflect that concern for human life. You want your residents to know that they must get out of the property right away if there’s a fire. Make sure they know where the emergency exits are if they’re living in a multi-family building or an apartment complex. Make sure they understand where to find the shut off valves. Help them to stop the emergency and get out of harm’s way.Once the initial threat has passed, you can start thinking about your Tampa investment property. The next steps are to assess and move towards a solution. Once everyone is safe, you want to begin focusing on the solution instead of the problem.People get emotional. You’re running a business, but that business has people inside of it, and all of their worldly belongings are probably in your house. Your residents are going to be emotional. That’s why it’s so important that you remain calm, professional, and reasonable. As the property owner, you need to provide the leadership through any crisis.Even during an emergency, you need to be running your rental property like the business it is. Everyone has to be kept informed and know what to do to stay safe.

Time is of the Essence During Emergencies

Preparation is hard to manage during the actual emergency. When you’re in the middle of a crisis like a hurricane or a fire or a global pandemic, you want to be able to lean on your emergency plan and your preparations that are already in place. Make sure you have them available.Time is of the essence during an emergency. You have to be ready to react, and you have to get things done as quickly as possible to protect your investment and get back to normal.Communication is always important when you’re renting out Tampa property. During an emergency, it’s not enough to communicate. You have to over-communicate. Make sure everyone knows where you are and how you’re handling things. You want to over-communicate with your resident, with your insurance company, with local authorities, and with your vendors and contractors. Stay in touch until everything is resolved. Let everyone know what’s going on at all times.When you’re prepared before an emergency and professional during an emergency, the fallout from whatever crisis is happening will be a lot less. If you want to provide outstanding leadership, make sure you’re prepared, and make sure your residents feel prepared. It’s the only way to effectively emerge from a terrible situation.We have a lot of experience dealing with emergencies at the Tampa rental properties we manage. Our team understands how to stay in contact with the right parties and what to do to minimize the impact any emergency has on your investment and on your residents.If you have any questions about Tampa property management or you’d like to hear more about our plans for managing emergencies, please contact us at Mynd Property Management.

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If you’re renting a property in Tampa, you’ll be expected to pay rent on time every month. In order to meet that obligation, you’ll need to know how to pay rent and when it’s due.

We are talking to residents today about the best way to pay rent in Tampa.

Check Your Lease Agreement

Before you sign the lease agreement on a new home, make sure you understand the rent collection policy. Hopefully, you’re working with a responsive and communicative landlord or property management company in Tampa, FL who will go over the particulars of how to pay rent. This information should also be included in the lease agreement. You need to be on the same page when it comes to rental payments.

The leasing agreement should include information on:

1. How much rent is due every month.

2. How you should pay rent.

3. Whether there is a grace period if you don’t pay on the first.

4. Whether there are late fees and other consequences to late rental payments.

Rent Payments in Tampa at Mynd Property Management

Making rental payments online

We know that residents appreciate flexibility and ease. So at Mynd, we provide our residents with three ways to pay rent.

The first and most popular way to pay rent is online. We provide a resident portal that’s fast, secure, and convenient. Our residents can log in and pay rent at any time that’s convenient for them. They can do it from the comfort of their own home or from work or from their mobile phone. We accept payments day or night and on weekends and holidays. With online payments, our residents can pay with a credit card, which has a fee, or with an eCheck. Offering online rental payments is a great way to cut down on late payments.

Another way our Tampa rental property residents can pay rent is by coming into the office to pay in person. We understand that some residents like a little face time and they want the security of knowing they are handing over their payment to an actual human being. We make that work, too. Our in-person payments can be accepted as personal checks, money orders, or certified checks.

Finally, residents also have the option to mail their payment to our office. Not everyone is comfortable with online payments – we get it. So, when our residents want to pay by mail, we make sure they have the right address and we ask them to make sure it’s post-dated on the first of the month so the payment isn’t considered late.

Automatic payments can be a great way to avoid late fees. If you have online payments available to you, find out if you can set up automatic payments. This is a huge benefit because you don’t have to think about it or worry about paying late fees. As a property owner, you can set this up. Or, even easier, your Tampa, FL property management company should have this system in place to utilize.

Anticipate Rent Payment Problems

You want to anticipate any problems you may have paying rent on time. Nothing will deteriorate your relationship with your landlord faster than consistently late rent payments. So, take this into consideration and ask all the necessary questions before you sign a lease agreement and commit to a new rental property.

With technology, you should have a lot more options that you did years ago. But, not every landlord and property owner embraces technology. If your only option is to pay rent in person with a check and you live on the other side of town, getting there by the first of every month may be a problem.Ask the right questions and get the right help. Residents love renting from us because we’re flexible, responsive, and we make things like rental payments easy.

If you have any questions about the properties we have available and what it’s like to work with us, please contact us at Mynd Property Management. We provide a lot of resources and support for residents in Tampa and all over the country.

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