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Property Manager

2 months ago

Des Plaines, United States Stream Realty Full time
Job DescriptionJob DescriptionCompany Description

ABOUT STREAM REALTY PARTNERS

Founded in 1996, Stream Realty Partners (Stream) began with a vision. Not one focused on bricks and mortar, but with people at its foundation. Headquartered in Dallas, TX and operating in core markets coast to coast, we complete billions in annual transactions in office, industrial, retail, healthcare, land, and data center properties. With millions of square feet of assignments, Stream is one of the fastest-growing, full-service commercial real estate services organizations in the country. Our team of talented individuals have come together to create our distinct culture, best summarized by our firm’s core values: smart, honest, nice, and passionate. For more information, visit www.streamrealty.com and follow Stream on LinkedIn, Instagram, X and Facebook.

IMMEDIATE IMPACT. MEANINGFUL CAREER.

At Stream, we know our success begins and ends with our people. It is the reason we work hard to attract and retain the best and brightest talent. From day one, you will be an integral member of our high-caliber, collaborative team. We will empower you to apply your energy, expertise, and creativity to meet our client’s needs while instilling you with unsurpassed market knowledge and development opportunities to succeed. When you join Stream, you won’t simply start a new job—you will build a meaningful and impactful career.

Job Description

POSITION OVERVIEW

The Property Manager provides first-class property management services to third-party clients and owners. Day-to-day responsibilities include financial and operational management for a portfolio of assets including client interaction, tenant and vendor relations, lease administration, budgeting, and supervisory responsibility. 

  • Serve as point person for the portfolio or assignment.  
  • Work directly with clients, partners and investors. 
  • Build and maintain a best-in-class level of service for the building/portfolio.  
  • Supervise all on-site property management staff, as well as third-party vendors.   
  • Build employee teams and provide direction, training, and motivation for superior performance.  
  • Prepare budgets and manage financial performance of the portfolio. 

RESPONSIBILITIES

  • Responsible for coordination of all property management-related activities including day-to-day building operations, accounts payable, accounts receivable, reporting, and client/tenant/vendor relations. 
  • Work closely with Construction, Leasing, Marketing, and Accounting Teams to ensure the “Stream Team” is providing the highest level of service to our clients. 
  • Ensure all Stream policies and best practices are implemented and followed. 
  • Understand and ensure compliance with the Management Agreement(s) and all Client policies and procedures. 
  • Conduct routine property inspections and associated follow-ups to prevent/identify/resolve problems and exposures. 
  • Prepare and adhere to operating and capital budgets and re-forecasts as well as annual expense recovery estimates and reconciliations. 
  • Coordinate all property-related contracts, services, repairs, and capital projects. 
  • Prepare, review, and submit the monthly/quarterly/annual financial and operational reports as per Client requirements. Prepare monthly expense variance comments for the client(s). 
  • Review and approve invoices/AP batches, and monthly rent edits. Review and ensure the accuracy of the General Ledger.  
  • Tenant lease review and set up in designated accounting system. 
  • Adhere to Stream property management annual audit. 
  • Coordinate real estate tax review process for the portfolio/assignment.  
  • Process and oversee all TI applications for accounting submission and payment.  
  • Maintain personal contact with all vendors, tenants, and clients. 
  • Respond to and resolve after-hour emergency calls as needed. 
  • Supervisory responsibility for designated personnel. 
  • Review, approve, and submit team expense reports and PTO requests.  
  • Assist in the completion of annual performance reviews and regularly communicate performance to direct reports.
Qualifications

  • Bachelor’s Degree preferred 
  • 3+ years of Commercial Property Management experience with supervisory responsibility preferred 
  • Strong written and verbal communication skills; experience interacting with clients, vendors, teammates, and management 
  • Experience preparing annual budgets, ownership reports, and CAM reconciliations 
  • Previous experience using real estate software (Yardi or MRI, Kardin, AvidXchange, IMPAK, or similar programs) 
  • Proficiency with Microsoft Excel, Word, and Teams 
  • Detail oriented 
  • Analytical 
  • Ability to multitask  
  • CPM, RPA designation (or in progress) preferred 
  • Attributes which align to Stream's core values of Smart, Honest, Nice, and Passionate


Additional Information

#LI-Onsite

Stream is an equal-opportunity employer and does not discriminate on the basis of ethnicity, race, religion, sexual orientation, gender identity, age, national origin, disability, military status, or any other reason prohibited by law. Note: Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.

Stream Realty Partners offers competitive salaries, bonuses, medical/dental/vision insurance, pharmacy benefits, health savings account, flexible spending accounts, 401(k) plan with company matching, PTO, and holiday pay. Individual compensation packages are based on various factors unique to each candidate, including skill set, experience, qualifications, location, and other job-related reasons.