Senior Property Manager

3 weeks ago

Rockville, 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 Senior Property Manager oversees all operations of a commercial property or portfolio of properties. This role is responsible for achieving superior operational results and financial performance. This position will oversee a small team.

ESSENTIAL FUNCTIONS

  • 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 administrative and maintenance staff, as well as third party vendor-partners.
  • Build employee teams and provide direction, training, and motivation for superior performance.
  • Prepare budgets and manage financial performance of the portfolio.

RESPONSIBILITIES

  • Lead the management team in resolving all day-to-day property management issues.
  • Maintain personal contact with all tenants, vendors, and clients.
  • Ensure compliance with building codes, regulations and governmental agency directives.
  • Conduct routine property inspections.
  • Ensure adherence to the clients’ policies and procedures.
  • Manage financial performance of the property or portfolio. 
  • Prepare annual third-party operating budget and capital budget.
  • Prepare monthly ownership reports, including Budget Variance and A/R Comments.
  • Prepare annual CAM estimates and reconciliations.
  • Review or input new leases or lease changes into Yardi system.
  • Oversee tenant improvements and coordinate with construction team on capital improvements; Bid as required per the management agreement.
  • Ability to successfully manage buildings undergoing major renovations.
  • Adhere to Stream property management annual audit.
  • Coordinate real estate tax review process for the portfolio or assignment.
  • Review, approve, and submit team expense reports and PTO requests.
  • Complete annual employee performance reviews, and regularly communicate employee performance expectations and achievements for the PM team members. 
  • Ensure all Stream best practices are implemented and followed.
  • Lead and/or co-lead training sessions for the Property Management Department as requested.
  • Assist Property Management Leadership with transitions within the departments as requested.
  • All other duties associated with the day-to-day management and operations of commercial properties.
Qualifications

  • 5+ years commercial property management experience required
  • Bachelor’s Degree or 4+ years of relevant experience in lieu of degree required
  • Significant supervisory responsibility    
  • Experience preparing annual budgets, ownership reports, and CAM reconciliations
  • Previous experience using real estate software (Yardi or MRI, Kardin, AvidXchange, IMPAK, or similar programs)
  • CPM, RPA designation (or in progress) preferred
  • Detail oriented
  • Analytical
  • Proficiency with Microsoft Excel, Word, and Teams
  • Strong communication skills
  • Attributes which align with 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. 

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