Director of Luxury Rental Properties
21 hours ago
Overview
As a seasoned professional, you will be responsible for overseeing the daily operations of a 534-unit rental property in a desirable location. Your expertise will ensure seamless management of staff, resources, and finances to achieve established goals.
Your Responsibilities:
- Direct day-to-day activities, including team management, scheduling, and resource allocation to meet operational objectives.
- Oversee all staff members, including Resident Manager, Assistant Property Manager, and Leasing Agent, to ensure efficient performance.
- Foster strong relationships with clients/owners through regular updates, tours, and responsive communication.
- Maintain cash funds and monitor financial transactions.
- Contribute to budget creation and presentation, analyzing market trends and financial data.
- Implement effective marketing and leasing strategies to achieve occupancy and revenue targets.
- Analyze current market and economic trends to inform decision-making.
- Develop and execute short- and long-range plans to drive business growth.
- Provide input on budget development by evaluating financial statements and market information.
- Ensure lease enforcement processes are followed, approving applications, managing discounts, and enforcing notice requirements.
- Manage lease renewals, propose market rate offers, and generate renewal offers for expiring leases.
- Develop and maintain a master turn list for units to be made ready.
- DHCR Registration for all units (where applicable).
- Respond to resident inquiries and escalate issues as needed.
- Communicate effectively with ownership, responding to queries and concerns.
- Assume responsibility for emergency situations, ensuring prompt action.
- Conduct regular inspections to ensure building safety, maintenance, cleanliness, and overall quality.
Requirements
- Bachelor's degree required.
- NYS Sales license required within 120 days; Fair housing certificate preferred within 60 days.
- Industry certifications such as CPM, RPA or ARM desirable.
- Minimum 5-7 years of experience in luxury residential rental property management, preferably in NYC.
- Familiarity with Rent Stabilization Law and DHCR filing/administrative procedures.
- NYC HPD/HDC, NYS HFA and/or LIHTC affordable housing experience desirable.
- Knowledge of Local 32BJ building staffing & prevailing wage laws.
What We Offer
You will be eligible for comprehensive benefits, including medical, dental, vision, life insurance, short-term disability, and legal assistance.
Compensation
$140,000 - $160,000 per year
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