Residential Property Manager
1 week ago
CIM Group, LP is a leading real estate investment and management company that focuses on creating value in real assets. Our team of experts works together to identify and create value in real estate and infrastructure projects, benefiting the communities in which we invest.
Job SummaryThe General Manager - Residential Operations has primary responsibility for the overall day-to-day management and lease-up of residential properties and supervisory oversight of property management staff. This role requires directing on-site staff, contracted services, and vendors to maintain a first-class appearance of the properties.
Key Responsibilities- Property Management
- Create a monthly framework for property managers to ensure timely completion of property operations tasks, including apartment turns, renovations, financial reporting, associate review, and training.
- Confirm apartment pricing levels are consistent with current market conditions, using yield management systems to set pricing that meets investment requirements and drives consistent leasing activity.
- Stay up-to-date on new developments or redevelopments within the market and discuss how they will impact CIM's residential properties.
- Build relationships with local trade organizations to gain market information.
- Financial Management
- Approve all recommended concessions based on current market conditions.
- Seek owner approval at the beginning of each calendar year on a pricing matrix for each unit, including renewals, to maximize market rent and occupancy.
- Work closely with property managers to set renewal rates and support their efforts to achieve goals.
- Develop the annual business plan, including traffic and occupancy goals, revenue goals, and expense parameters.
- Lease Administration
- Ensure all residential leases are executed in accordance with CIM Group's stated policies and procedures.
- Verify the accuracy of the properties' rent roll, occupancy status, lease charges, and leases match actual residents' names and terms.
- Track actual collection of rent to ensure timely payment and avoid excessive delinquent rent balances.
- Supervisory Responsibilities
- Provide supervisory oversight of all on-site staff, including administrative support employees, engineers, security, parking attendants, and other vendors.
- Plan, organize, and manage employee-focused activities, including compliance with employment laws and CIM Group's employment policies and procedures.
- Facilitate employee development and training opportunities to promote maximum productivity and position employees for increased responsibilities and job growth.
- Technical Skills
- Familiarity with MS Office, including Excel, Word, PowerPoint, and Outlook.
- Familiarity with Nexus Payables or similar software applications.
- Familiarity with Yardi or similar software applications.
- Education
- Bachelor's degree preferred.
- Experience
- Prior experience working in a high-volume, multi-building residential property management capacity.
- Proven ability to manage multiple residential assets equal to or greater than the unit count for this position.
- Skills
- Excellent communication skills, both written and verbal.
- Ability to read and interpret documents, including office equipment maintenance and instruction manuals, company policies and procedures documents.
- Ability to write correspondence and/or reports accurately in a concise and detailed manner.
- Ability to effectively present information to tenants, vendors, contractors, and other employees of the organization.
CIM Group offers an enriched benefits program and a wide range of resources for eligible employees to thrive both inside and outside of work. Some of our benefits include:
- Medical, dental, and vision insurance.
- Company-subsidized Health Savings Account.
- Company-paid life and disability insurance.
- Pre-tax savings accounts.
- 401(k) match.
- Competitive vacation policy.
- Additional voluntary benefits.
- Paid time off for community service.
- Paid Parental Leave: Up to 12 weeks.
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