Portfolio Manager

Job Details

Job Location
Culver City, CA - 100 - Culver City, CA

Position Type
Full Time

Education Level
Not Specified

Salary Range
$100000.00 - $105000.00 Salary

Job Shift
Any

Job Category
Real Estate

Description

SUMMARY OF THE POSITION:
Preferred Experience includes: managing, directing, and implementing operational strategies and objectives for a portfolio of Market Rate and Rent Controlled properties to ensure the achievement of property and organizational goals; developing and controlling a budget, assuring that operations are fiscally sound; assisting with the development and implementation of organizational policies and procedures related to property management; ensuring the physical assets assigned are maintained according to the organization's standards; maintaining an acceptable occupancy level established by the organization; maintaining clean buildings and grounds; recruiting, training, developing and supervising the on-site property staff; interacting with vendors; the community, at-large; and the residents; assisting senior management and other managers with special projects and other related work.

Essential Functions:

Financial
• Prepare annual operating and capital budgets, review financial statements/reports, and prepare monthly variance reports
• Responsible for the accurate and timely establishment of rent levels as approved by senior management, the timely collection and deposit of all rental and other payments due from residents, and the taking of corrective and/or legal action as required to obtain collections
• Responsible for ensuring implementation of annual rent increases

Maintenance
• Responsible for the implementation and reporting of all maintenance policies, plans, and procedures, including, but not limited to, work order systems, purchase order systems, preventive maintenance systems, inventory control, and the turnover process
• Work with maintenance staff to resolve maintenance issues
• Create short and long range plans for correction of deficiencies and for normal maintenance of the properties
• Conduct routine meetings (at least monthly) with the maintenance staff

Marketing
• Responsible for maintaining budgeted occupancy goals
• Responsible for the accurate and timely submission of marketing reports, and for maintaining current comparable studies
• Make recommendations to improve marketing and leasing programs
• Demonstrate a comprehensive understanding of the competition, general market area, and product knowledge
• Supervise and participate in the Leasing and Renewal Programs
• Conduct monthly meetings with the site level administrative staff
• Inspect properties in portfolio to ensure the highest standards are maintained; evaluate effectiveness and efficiency of maintenance, grounds, and housekeeping operations; conduct periodical inspection of vacant apartments for market-ready condition

Personnel
• Participate in the hiring, promotion, termination and transfer of site personnel, including the timely submission of all required paperwork
• Ensure appropriate staff development and/or training is provided,( including his/her own) and that all staff is aware and correctly implements the fair housing/ employment laws, safety rules and regulations, and other company and governmental policies and procedures
• Hire, train, supervise, develop, and terminate the employment of those supervised in accordance with company policies and directives; perform timely performance evaluations on employees
• Assist Property Managers with site-level employees; approve all new hires, status changes, and terminations for on-site personnel in coordination with Human Resources and senior management

Job Requirements:
• Education- B.A/B.S. Undergraduate degree preferred but not required
• Must have at least 3-5 years of supervisory experience in the area of Property Management and Rent Control
• Proficient in Excel, MS Office and Yardi Voyager.
• Job requires oversight of multiple properties. Candidate must be willing to travel locally
• Valid driver's license and reliable transportation
• Experience in property budget preparation is required
• Demonstrated experience in problem identification, analysis, recommendation of options and development of logical and workable solutions

Competitive Salary $100,000 to $105,000k DOE, 401k, Health and Dental Benefits

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