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Oversee third-party property management partners and hold them accountable to approved business plans, financial targets, and operational goals.
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Monitor occupancy, leasing activity, renewals, rental rates, concessions, collections, delinquency, bad debt, and unit availability.
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Develop and execute strategies to improve occupancy, accelerate lease-up, and maximize rental revenue while maintaining appropriate pricing.
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Oversee operational and leasing strategy for assets managed directly by the Company.
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Conduct regular property visits and maintain a strong understanding of onsite operations, property conditions, tenant issues, competitive properties, and local market dynamics.
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Review weekly and monthly property management reports and identify operational issues, trends, and opportunities requiring action.
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Lead regular performance meetings with property management and leasing teams, establishing clear action items, deadlines, and accountability.
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Analyze monthly financial statements, including budget vs. actual results, revenue, operating expenses, NOI, cash flow, and key variances.
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Identify opportunities to increase revenue, control expenses, improve operational efficiency, and maximize NOI.
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Oversee CapEx projects, property improvements, unit renovations, maintenance initiatives, and other value-add programs.
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Evaluate rental rates and competitive market conditions and make recommendations around pricing and leasing strategies.
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Develop asset-level business plans and establish measurable performance goals.
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Prepare monthly asset management reports for ownership covering financial performance, occupancy, leasing activity, major variances, risks, and recommended actions.
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Coordinate with Accounting, Finance, Construction, Legal, and other internal teams as needed.
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Support acquisitions, refinancing, lender reporting, valuations, dispositions, and other strategic initiatives.
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Participate in the onboarding, lease-up, stabilization, and ongoing management of new assets added to the portfolio.
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Support refinancing initiatives and the transition of assets to long-term financing structures.
Success in this role will be measured against key asset-level performance metrics, including:
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Physical and economic occupancy
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Leasing velocity and absorption
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Renewal rates
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Effective rental rates and rent growth
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Concessions
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Delinquency, collections, and bad debt
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Revenue and operating expenses vs. budget
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NOI and NOI growth
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CapEx performance
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Unit turns and vacancy
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Property management performance
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Cash flow and overall asset performance
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Bachelor's degree in Real Estate, Finance, Business Administration, or a related field.
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5+ years of experience in multifamily asset management and/or multifamily operations.
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Experience overseeing both stabilized and lease-up multifamily assets.
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Demonstrated experience managing and holding third-party property management companies accountable for financial and operational performance.
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Strong understanding of multifamily operations, leasing, revenue management, property-level financial statements, budgeting, and forecasting.
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Strong financial and analytical skills, with the ability to analyze P&Ls, NOI, cash flow, operating budgets, rent rolls, and variance reports.
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Ability to translate financial and property-level information into actionable strategies and corrective measures.
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Strong leadership, communication, negotiation, and problem-solving skills.
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Highly organized, proactive, and comfortable working directly with ownership and senior leadership.
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Willingness to regularly visit properties.
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Bilingual Spanish speaking.
Preferred Qualifications
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Experience taking multifamily properties through lease-up and stabilization.
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Experience with South Florida multifamily assets and market dynamics.
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Experience with Yardi or similar property management and reporting systems.
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Advanced Excel and financial modeling skills.
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Experience with acquisitions, refinancing, lender reporting, or dispositions.
Compensation range for this position is $120,000-$125,000 with annual bonus potential based on performance
100% medical insurance coverage for the employee through UnitedHealthcare
100% vision and dental insurance coverage for the employee through Guardian Insurance
Company-paid holidays
15 PTO days annually
5 sick days