Mynd Property Management is a rental management company based in Oakland, California. Mynd Property Management manages more than 7,000 rental homes in 25 markets, including in the Bay Area, Southern California, Sacramento, Washington, Arizona, Nevada, Florida, Colorado, Texas, Oregon, North Carolina, and Georgia, with more to come.
Invesco Real Estate was the lead investor in a $40 million financing round for Mynd Property Management. With that investment, Mynd is set to become the largest buyer of single-family rental homes in the United States.
Mynd Property Management offers three different plans, each of which includes all of the company’s services. No matter which plan a customer chooses, Mynd Property Management will help them find renters; provide a network of vendors for repair and maintenance purposes; and maintain information on the property’s service requests, lease applications, and rent collection. The only difference between the plans is the amount of pet damage protection, eviction protection, and rental income protection. The listed pricing for each package is the full price; there are no additional, hidden fees.
The Peace of Mynd Plan includes $5,000 of rental income protection in case a tenant can’t pay or a property remains vacant. This rental income protection keeps a rental owner’s income steady, even when there are obstacles along the way.
Mynd Property Management manages more than 7,000 rental homes in 25 markets, including the Bay Area, Southern California, Sacramento, Washington, Arizona, Nevada, Florida, Colorado, Texas, Oregon, North Carolina, and Georgia.
Additionally, Mynd Property Management has plans to expand into Indianapolis, Memphis, Birmingham, Jacksonville, and even more cities.
According to the data provided by the Mynd Property Management website, the company’s customers, whether owners or residents, experience higher satisfaction than customers of other management companies.
Mynd Property Management boasts a higher-than-average resident quality score, with less than 2 percent rent delinquency. Additionally, Mynd leases properties faster than other companies on average, and the company responds to owners within four business hours, and residents within eight business hours.
Mynd Property Management customers can refer others to the company to receive a referral bonus. After the referred person signs a management agreement, the referrer will receive $300 in their property’s operating account.
Those interested should note that the terms of this offer may change based on the state, and it is not available at all in Oregon and Washington.
The Mynd Property Management website hosts several free, helpful tools. One is the rental return calculator, which helps rental owners figure out how much income they can generate with a rental property.
The website also lists properties available for rental owners to invest in, as well as rental properties available to rent.
While Mynd Property Management is available in 25 markets across the United States, with more to come, it still isn’t available in many areas. For example, the company doesn’t offer its services in any Utah markets.