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North Carolina Property Management

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North Carolina property management

Regions we will soon be serving in North Carolina

Regions we serve in North Carolina

Results are guaranteed

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North Carolina Property Management

$5,000 Rental Income Guarantee

WE PROTECT YOUR RENTAL INCOME
Your residents could lose their income at any time, which could impact your steady rental cash flow. This Rental Guarantee program is unique from others you will find as it actually covers up to $5000 in risk of rental loss.
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North Carolina Property Management

$2,500 Pet
Guarantee Plan

WE PROTECT YOUR PROPERTY
Over 80% of rental prospects own a pet. Pet friendly properties lease 10 days faster and have a 4% lower vacancy rate. But you might want assurance that your pet friendly rentals are protected from pet damage. Under Mynd’s Pet Guarantee Plan, Mynd will cover damages up to $2500.
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North Carolina Property Management

$5,000 Eviction
Protection Plan

WE PROTECT YOU
If your resident is unable to pay rent, you may need to evict them. This could be a very costly process. Under Mynd’s Eviction Protection Plan, we cover the court costs and legal fees up to $5,000, making sure your cash flow is steady and protected.
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The best North Carolina property management

Mynd is an investment in your investment. Improve your North Carolina rental property with Mynd's management services, and it'll be easier to place a qualified tenant. Then use your rental income to build a nationwide rental home investment portfolio, invest your rent collection back into your rental property, or do whatever else you please. You're in charge!
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Our North Carolina property management offices

Charlotte Property  Management

Charlotte City Center, 525
North Tryon Street, Suite 1600,
Charlotte, NC 28202

Raleigh Property Management

Raleigh City Plaza, 421
Fayetteville Street, Suite 1100
Raleigh, NC 27601

Are you looking for property management?

A property management company is necessary for any landlord wanting only to be a property owner and investor. Mynd is a full-service company that lets you stress less and earn more!
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Frequently asked questions
Where does Mynd offer North Carolina property management services?

Mynd Management services all of North Carolina, including:

Why is property management so stressful?

Property management takes many different skills and can take a lot of time depending on the number of real estate investment properties. To estimate how much time it would take you to manage a single property, set aside four hours a month for daily management and operations. That’s roughly 48 hours yearly. Most of that time is spent on finding a prospective tenant, leasing, and rental property turnover. 

That may be 48 hours on top of all your other responsibilities and 48 hours in addition to all the additional hours you potentially spend worrying about your real estate investment. It may take you longer to do what an experienced property manager does, and you might not do it as well. You also don’t get to make use of economies of scale like Mynd does, which is when the size of your project gives you leverage when you negotiate the cost of materials and labor. With that saved money, you can scale your real estate investment portfolio.3e

Should you use a rental management company?

100%! If part of your motivation for getting into real estate investing had a passive income source, then a property management service is the only way to do that. A landlord won’t have to worry about any aspect of real estate investment, from the easiest to the hardest. Mynd will even document all property management team activity to see if you can save upwards of 20% of qualified business income using the qualified business income deduction.

How much should I budget for rental repairs?

In general, a property investor should save1.5 times their monthly cash flow for yearly repairs and maintenance. One way to make maintaining your budget easier is to save 10% of your monthly income. 

How much you spend on maintenance will be influenced by the age and condition of your residential rental properties. You should also set funds aside for capital expenses (CapEx), big-ticket like HVACs

An investor can use two quick methods to estimate their operating budget: the 1% rule or the 50% rule. Set aside 1% of your home’s value at the time of purchase to use the 1% rule, or set aside 50% of your monthly collected rent to use the 50% rule.


Is it hard to manage a rental property in North Carolina?

To see how challenging managing a rental property is, see how many answers you have to the questions you should ask a property manager to assess their qualifications. 

What renovations attract millennial tenants?

Where are property managers required to keep deposits and rent payments?

When a security deposit is collected, that money is placed in a trust account. It's a good idea to keep tenant’s security deposits in a different account from where your rent payment is held. Collected rent is placed into a designated bank account, used to pay all expenses that the money is permitted to be spent on, and then the balance is delivered monthly to you on the pre-agreed date. On or around the 10th is a common choice.

What makes a great North Carolina property manager?

It takes the right temperament, professional network, and expertise to be a great property manager. Mynd believes that describes us just right, making us the highest quality residential property management company in North Carolina. But don’t take our word for it. Do your research!

  • Ask for references.
  • Consult the Department of Consumer Affairs
  • Have in-depth talks with prospective property managers.
  • Check out online reviews from multiple sources.
  • Request internal client satisfaction scores.
  • Tour a rental home managed by the property management company.

What are five different roles and responsibilities of property managers?

Here are just five roles Mynd’s property management professionals handle for you.

  1. Bookkeeping: Mynd’s professional property managers monitor all income inflows and outflows, reserve funds, and make sure you get the most out of tax deductions.
  2. Project Managing: Mynd is in charge of maintenance and repairs. And since Mynd manages many properties, we can leverage economies of scale to reduce cost!
  3. Emergency Contact: If a tree puts a hole in the roof at 3 am, Mynd takes that call.
  4. Legal Counsel: Mynd studies all local, state, and federal laws to minimize your liability exposure and keep you, your tenants, and your investment property out of harm’s way. 

Tenant Liaisons: Mynd finds, screens, places, retains, and evicts tenants.

What is a property manager's first responsibility to the owner?

A North Carolina property manager’s number one responsibility is protecting the investment of the real estate investor. All the duties performed by residential property managers stem from this singular commitment to the property owner-- from placing a quality tenant to routine maintenance and upkeep.

Can I pay someone to manage my North Carolina rental property?

Yes, reasonably priced packages from Mynd start at $69 per month in North Carolina. Here’s a taste of the professional property management services you get.

  • 24/7 Emergency Support
  • Dedicated portfolio manager
  • Digital leasing
  • Electronic rent collection
  • Financial reporting
  • Legal and compliance
  • Online portal
  • Screening prospective tenants
  • Repairs, inspections, and maintenance
  • And more

What do property managers cover?

A property management business can do a lot for you. 

  • Write rental property listings
  • Property inspection
  • Property maintenance and upkeep
  • Find potential tenants
  • Thorough tenant screening
  • Quality renter placement
  • Maximize rental income
  • Increase qualified tenant lease renewal
  • Handle the eviction process
  • Vacant property showings
  • Respond to maintenance requests ASAP
  • Respond to natural disasters
  • Bookkeeping
  • And more