Finding the right property management company can be a challenge for landlords who want to ensure their rental properties are well-maintained and profitable. Mynd Property Management has gained attention for its tech-driven approach to property management, promising landlords a streamlined experience with clear pricing and responsive service. But how well does it actually perform?
This article takes a closer look at Mynd Property Management, including the services they offer, their pricing model, and what landlords and tenants are saying about their experience.
What is Mynd Property Management?
Mynd Property Management is a full-service property management company that operates in multiple markets across the United States. The company markets itself as a modern alternative to traditional property management, relying on technology to streamline processes like rent collection, maintenance requests, and tenant screening.
Their goal is to provide landlords with a hands-off experience while ensuring that tenants receive responsive service. Mynd’s platform allows property owners to track performance metrics, monitor rent payments, and access financial statements in real-time.
Services Offered by Mynd Property Management
Mynd provides a variety of property management services for single-family and multi-family rental properties. Their core services include:
- Tenant Screening and Leasing – Mynd screens prospective tenants using credit checks, rental history, and employment verification. They also handle lease agreements and move-in logistics.
- Rent Collection – Tenants can make payments online, and landlords receive direct deposits for collected rent.
- Property Maintenance – Mynd coordinates repairs and routine maintenance, working with a network of vendors to complete service requests.
- Legal Compliance and Evictions – They ensure that lease agreements comply with local rental laws and assist landlords with eviction proceedings if necessary.
- Financial Reporting – Owners receive detailed financial reports and updates on property performance through Mynd’s online dashboard.
How Much Does Mynd Property Management Cost?
One of Mynd’s biggest selling points is its transparent pricing structure. Their pricing varies by location and property type, but their most common plans include:
- Core Plan: Typically ranges from $75 to $199 per month per unit. This plan includes rent collection, maintenance coordination, and basic property oversight.
- Leasing Fees: Mynd charges around 50% of one month’s rent for finding and placing a tenant.
- Lease Renewal Fees: These range from $199 to $349, depending on the market.
Unlike some property management companies, Mynd does not charge onboarding or marketing fees. This makes their pricing model relatively straightforward for landlords who prefer to avoid hidden costs. More details on their pricing can be found directly on Mynd's website.
Customer Reviews: The Good and the Bad
Like many property management companies, Mynd Property Management receives mixed reviews from landlords and tenants. Some customers appreciate their online tools and automated processes, while others have raised concerns about responsiveness and maintenance delays.
One positive review from a tenant highlighted Mynd’s ease of communication:
"Mynd Property Management manages the property I am renting. The company representatives are very easy to work with and responsive to any request or issue." (Source)
On the other hand, some landlords and tenants have expressed frustration with Mynd’s handling of maintenance requests. A review on Yelp shared this perspective:
"Worst property management and leasing company. Maintenance is terrible and you get charged for them to fix issues." (Source)
These reviews suggest that while Mynd excels in offering a digital-first property management experience, the quality of service may depend on location and individual property managers.
Is Mynd Property Management the Right Choice for You?
For landlords looking for a tech-savvy approach to property management, Mynd offers a compelling solution. Their online dashboard, transparent pricing, and rent collection services make it easier for owners to track property performance. However, reviews indicate that customer service and maintenance response times may vary by region.
If you are considering Mynd Property Management, it’s a good idea to research reviews in your specific market and reach out to the company for details about their service level in your area.
Need Help with Rent Collection?
While Mynd handles property management, Advanced Collection Bureau specializes in debt recovery solutions for landlords struggling with unpaid rent. If you have past-due accounts and need professional assistance, work with us today.
