MYND Management, Inc.

Based in the US, MYND Management, Inc. operates innovative property management solutions that enhance the rental experience for property owners and tenants alike, leveraging technology for efficiency and transparency. MYND Management, Inc. , founded in 2016, is located in Oakland, California, US.

The company specializes in property management services and has completed 11 deals to date. Doug Brien serves as both CEO and founder, leading the firm since its inception. In May 2024, MYND Management, Inc. merged with Roofstock, Inc.

, a portfolio company of Bain Capital and others, for an undisclosed amount. This strategic merger aims to bolster their technology platform and enhance property management tailored for single-family rentals. With a total funding of USD 30. 00 mn raised, the latest funding round was led by Invesco Private Capital.

Mynd offers a comprehensive suite of tech-enabled property management services designed to streamline the rental experience for both property owners and tenants. Their core offerings include full-service property management, encompassing tenant acquisition, lease management, maintenance coordination, and communication with contractors. The services utilize a tech-powered Investor Portal, providing real-time insights into property operations, ensuring transparency and communication. Mynd primarily serves individual property owners, institutional investors, and tenants across markets, including Arizona, California, Florida, Georgia, and Texas, among others.

Mynd's revenue model is anchored in its property management services, featuring fixed-fee pricing structures tailored to individual investors and institutional partners managing large portfolios. The company engages in direct-to-consumer transactions, where landlords pay for services including tenant screening, lease management, and maintenance coordination. These services typically involve a monthly fee based on the number of properties managed, alongside additional charges for specific services like renovations or emergency maintenance. Mynd's proprietary offerings, such as the Mynd Eviction Protection Plan, further enhance their service portfolio, providing clients with risk mitigation options, while integration with Stessa adds value by improving service delivery and client satisfaction.

Post-merger in May 2024, MYND Management, Inc. plans to leverage enhanced technology and data insights to improve its services. The company is focused on launching new products that cater to evolving market demands, alongside potential expansion into additional markets, although specific targeted regions and timelines are yet to be disclosed. The recent funding of USD 30.

00 mn will be utilized to enhance operational efficiency and support these strategic initiatives, ensuring their property management system effectively meets the needs of clients.