About Mynd:
Mynd is a tech-enabled real estate company serving an $85B+ property management and real estate investment market. In the past few years, financial services disruptors like E-Trade, Schwab, and Robinhood have unlocked access to the stock market, minting a new generation of self-service investors. Yet real estate remains the most powerful tool for building generational wealth.
At Mynd, we’re on a mission to create happy homes and sustainable investments by making single-family residential real estate as accessible and effortless as other types of investments. Investing in real estate can be intimidating, especially for first-time buyers. Moreover, many potential investors don’t want to invest in real estate in their geographic area or have been priced out of competitive big city housing markets. With operations in 25 markets across the US and real-time insights via our platform, we remove the time, communication, and geographic barriers traditionally associated with real estate. Investors can now find, purchase, rent, manage, and sell single-family rental properties 100% remotely.
Mynd is Best Places to Work certified, a Built In SF Best Places to Work 2022 winner, and was named the #1 fastest-growing East Bay company by the San Francisco Business Times in 2021. We’ve attracted talent from Starwood Waypoint Homes, McKinsey, BCG, Compass, Better, One Medical, Zillow, Upwork, WeWork, and Facebook. We’re backed by top VCs, including Lightspeed, Canaan, Jackson Square, and QED, and just announced a $5 billion deal with Invesco Real Estate that will make us the largest buyer of single-family rental homes in the country. Join us!
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 operators 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.
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 airmed 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, problem solving 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 required
- 4+ 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.
Compensation:
$92,000 - $124,000 annually. The compensation range may be adjusted based on experience and location.
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 + Match
- 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 encourage all of our team members to:
- Be Myndful
- Always Be Entrepreneurial
- Earn Trust
- Play 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.
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