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Senior Property Manager (CRE)
Career Insights for Property Manager
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Based on California data
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What they do
A Property Manager manages operations for an apartment building or complex. Recruits and screens tenants for apartments, collects rents and security deposits, responds to requests or complaints from tenants, supervises maintenance and repairs; oversees payment of bills, insurance, taxes and recordkeeping. Manages property and services on behalf of a community association, for properties such as condominiums or cooperatives. Collects fees or dues, responds to requests or complaints, supervises maintenance, oversees work done by contractors, and provides accounting of income and expenses. May also assist owners or a board of directors with regulatory compliance or compliance with community association rules. Manages the operation of commercial or residential properties. Oversees the collection of rents and payment of bills, taxes and insurance for properties, and provides property owners with reports on finances and the status of properties. Directs leasing operations, or equipment and machinery rentals, for a company or business. Determines charges and prepares rental or lease agreements; supervises inventory, equipment maintenance and recordkeeping for leasing operations.
$77,449 / year median in California
+5% projected growth
Job Description
ESSENTIAL FUNCTIONS AND RESPONSIBILITIES
- Direct, coordinate, and exercise functional responsibility for property management business
- Provide overall property management leadership through the development and interpretation of policies and programs, coordination of information flow and property management strategy
- Provide direction and leadership to Property Management staff, promoting reasonable career paths associated with property management professionals
- Track budget variances and ensure smooth recovery process
- Oversee the billing process including payment of invoices and disbursement of funds
- Monitor cash flow and cash requirements in conjunction with Property Manager to ensure efficient use of cash
- Oversee preparation of reports, annual budget, and other documents for owner in accordance with the management agreement
- Support prompt collection of management fees and reimbursements to overhead
- Maintain interface with third-party owners, ensuring total contract compliance, and accurate and timely reporting
- Resolve tenant relations issues to ensure their satisfaction
- Perform regular property inspections with staff
- Oversee construction projects with Construction Manager, including approving construction contract and invoices
- Ensure compliance with Property Management Policies and Procedures, codes, regulations, and governmental agency directives
KEY COMPETENCIES 1.
Communication Proficiency (oral and written) 2. Customer Focus 3. Problem Solving/Analysis 4. Leadership Skills 5. Teamwork Orientation 6. Time Management Skills 7. Financial AcumenIMPORTANT EDUCATION
- Bachelor's Degree in Business Administration or related discipline preferred
IMPORTANT EXPERIENCE
- 5+ years of real estate property management or related experience
ADDITIONAL ELIGIBILITY QUALIFICATIONS
- CPM, RPA, or CSM designation
- Possess real estate license
- Strong knowledge of finance and building operations
- Proven experience in management, evaluation, development, and motivation of subordinates
- Ability to effectively manage a team of professionals, including both employees and vendors
- Previous experience in analyzing and negotiating commercial lease and/or contract language
- Advanced knowledge of Microsoft Office Suite