Investing in real estate is one of the most reliable and powerful ways to build generational wealth. From Main Street to Wall Street, investors remain bullish on the long-term returns from residential real estate, especially the single-family home. More Americans are choosing to rent single-family homes for the convenience and low cost of entry. And a new breed of investors is opting to skip the starter home and buy investment properties instead, with a catch: they want to buy outside their own backyard, in fast-growing, mid-sized cities where the price is right and the returns are high.
But investing in real estate isn’t easy – and doing it remotely is even more challenging. From finding the right assets in the right neighborhoods for the right price, to renovating, leasing and managing the property, to collecting rent and handling repairs, to ensuring you’re staying compliant with local laws and regulations, managing a remote investment portfolio can become a full-time job.
That’s where Mynd comes in. We’re a tech-enabled property management and real estate investment company serving more than 18,000 homes across 26 markets. We help individual and institutional investors buy, renovate, market, manage and sell single-family homes. And we help our residents find safe, spacious, and low-maintenance homes from which to launch their lives.
We bring together talent and expertise from real estate and tech to build a proprietary platform that is unmatched in our industry. Powerful workflows, AI tools and intuitive consumer apps help our teams deliver great service, make life easy for residents, and give investors powerful portfolio insights at their fingertips.
We’re making it possible for a new generation of Americans to dream their way – decoupling the homes they live in from the homes they invest in.
We’re grateful to have been named one of Fortune’s “Best Places to Work” 2023, a Built-In SF Best Places to Work winner, the #1 fastest-growing company in the East Bay by the San Francisco Business Times, one of the 26 hottest proptech startups of 2023 by Business Insider, and one of America’s Best Startup Employers of 2023 per Forbes. We’ve attracted A players from Starwood Waypoint Homes, Opendoor, McKinsey, BCG, Amazon, Facebook, Upwork, WeWork, One Medical, and Zillow. We’re backed by top VCs, including Lightspeed, Canaan, and Jackson Square, and major institutional investors including Invesco Real Estate.
About the role:
Mynd is looking to hire an analytical, entrepreneurial, and experienced Asset Manager to join Mynd Investment Management. This team player will be intimately familiar with the mechanics of optimizing rental properties, regardless of geographic location, and will be able to produce desired outcomes despite heterogenous housing types and the operational nuances of our institutional partners. The Asset Management team will apply disproportionate leverage to all high value operating decisions with the goal of maximizing NOI and helping our institutional partners achieve their goals, all while providing excellent service. This early hire will co-create the institutional asset management playbook with the Director of Asset Management and will play a pivotal role in building the nation’s premier institutional SFR operating platform. The asset manager will advise our property managers through all crucial decisions over the course of property management including leasing, renewals, rent recommendations, revenue management, turns, value-add capex, budget review, variance analysis, portfolio expansion and dispositions.
Location: The ideal candidate will be located in AZ, TX, GA, NC, FL, TN, IN, CO, CA, or NV
Responsibilities:
- Leverage your experience to optimize the portfolios of our institutional partners.
- Partner with internal data teams to create visibility into operational performance.
- Derive insights from operating performance aimed at enhancing NOI.
- Perform high volume rent underwriting analysis on new and existing portfolio properties.
- Provide input on the asset management playbook.
- Develop an in-depth understanding of each institutional partner and produce outcomes aligned with their goals.
- Monitor the performance of recently acquired assets and influence future purchases by providing data driven insights.
- Advise the Buying Team on market trends, real estate opportunities and buy box strategies.
- Review and evaluate monthly / quarterly operating performance and make operational recommendations to achieve desired outcomes.
- Create Mynd performance metrics and compile and deliver results quarterly to our institutional partners.
- Maintain broad overview knowledge of major markets (trends, drivers, rents, values, etc.) to support sound assessment of property operations and acquisitions.
- Occasional market visits required.
- Ad-hoc reporting as needed.
Who you are:
- Experienced and analytical SFR team player
- Excellent organizational, time management and follow-up skills
- Excellent quantitative skills
- Familiarity with financial modeling/underwriting
- Ability to interface with high institutional investors
- Extreme attention to detail and high degree of ownership
- Excellent written and verbal communication skills
- Bias toward action; self-driven and intrinsically motivated with ability to prioritize and meet deadlines
- High degree of comfort with change, technology and ambiguity
- Experience working in a high-tempo, high-growth, team-oriented organization
Qualifications:
- Bachelor’s Degree preferred
- 2+ years of underwriting and/or asset management experience on office, retail, multifamily or SFR properties
- Solid analytical and negotiating skills
- Strong mathematical aptitude
- The ability to multitask and meet deadlines
Being authorized to work in the U.S. is a precondition of employment and we are unable to sponsor H1-B Visas at this time.
Any offer of employment is conditioned upon the successful completion of a background investigation.
Travel required:
- 10%
Compensation:
$92,000-$105,000 annually. The compensation range may be adjusted based on experience and location. Additionally, this position is eligible for a bonus/commissions based upon achievement of performance objectives.
At Mynd, we offer a robust, competitive & unique benefits package:
- Unlimited time off
- 13 Paid holidays
- Paid Parental Leave
- Cash to purchase your own investment property through our “Project Investor Myndset” program
- 401k
- Wellness, home office, and cell phone subsidies
- Volunteer time off
- Robust health, dental, vision insurance, and more
- Sabbatical program
- Eligible to participate in Mynd’s equity program
At Mynd, we expect our team members to live and work by our values:
- Be Myndful
- Earn trust
- Team first
- Be an A player
- Think like an investor
As part of our dedication to diversity, Mynd is an Equal Opportunity Employer. Individuals seeking employment at Mynd are considered without regard to race, ethnicity, color, age, sex, religion, national origin, ancestry, pregnancy, sexual orientation, gender identity, gender expression, genetic information, physical or mental disability, registered domestic partner status, caregiver status, marital status, veteran or military status, citizenship status, or any other legally protected category.