Mynd Property Management

Creating Happy Homes and Healthy Investments

What is the minimum cash balance on the Earnings Report?

The minimum cash balance is the contracted reserve amount that was agreed upon in your property management agreement. This amount will be the same on every report as it is the minimum cash balance that we are holding on your account. This allows Mynd to operate your home more efficiently. Reserves are used if an invoice is received after a rent distribution has already been sent to the owner rather than needing to ask for an owner to contribute money.