Mynd Property Management

Creating Happy Homes and Healthy Investments

When an offboard is initiated, will there be any change to my normal distribution schedule?

Yes, Mynd will hold the last month's distribution payment until all final charges and fund transfers are reconciled. Once all final invoices and management fees are paid and assessed AND any Mynd-held security deposits are transferred from the trust account to the operating account, the final distribution, which includes remaining rent proceeds, reserves, and resident security deposits will be issued, along with final owner statements. The expected timeframe to receive the final statement and distribution is 30-45 days after cessation of management.