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Property Manager
Career Insights for Property Manager
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Scorecard
Based on Maryland 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.
$75,401 / year median in Maryland
+9% projected growth
Job Description
Overview:
The Property Manager ("PM") will have broad and in-depth general management responsibilities at their assigned apartment development(s). The PM will supervise a site team consisting of administrative, supportive services and maintenance personnel at levels consistent with property resources. In some instances, the PM may be solely responsible for administrative tasks and may also perform supportive service tasks. The PM will ensure their assigned apartment development(s) meets all financial goals as identified in the annual budget. The PM will relentlessly pursue full occupancy / collection of rent and optimize rental income following program requirements / market conditions thus being a responsible steward for the success of each property. The PM will also ensure that all compliance covenants and supportive service requirements are consistently met and that all maintenance tasks are managed professionally, while maintaining a safe work environment. The PM will ensure the integrity of all financial and operations data /systems. The PM will provide excellent customer service to residents thus encouraging long-term retention. As site leader the PM will demonstrate professional leadership and will support the development and training of those supervised, and will diligently pursue their own professional development by fully utilizing the Pennrose Academy. The PM will report to a Regional Property Manager.Pay range:
$68,000- $70,00/year depending on experience.
Responsibilities:
Effectively manage rent increases, rent collections and the eviction process Consistently market the property to high standards, optimize curb appeal and successfully convert applicant traffic / waitlists to successful residency while meeting all Fair Housing requirements Understand all aspects of the affordable housing / market rate program features of the assigned property- optimize the financial and operational performance of the property within this construct Proactively manage housing partner subsidy programs /relationships Manage accounts receivable, accounts payable and cash to meet all obligations timely Monitor utility consumption and related expense
- optimize the use of NWP system and responses Inspect the property daily
- attend to maintenance needs and conditions being mindful of safety Provide meaningful input to the capital planning process, budget process and examine expenditures for cost savings and efficiencies
- share best practices with colleagues Ensure team members are on-boarded effectively, trained, motivated and equipped to be successful stewards of the properties Work orders, preventive maintenance, apartment turns and the leasing of vacant apartment units
- all to be done within company policy timeframes Process re-certifications, build / manage credible waiting lists for each unit type
- anticipate issues impacting occupancy and financial performance
- meet deadlines
- work proactively Own all aspects related to your apartment development Teach staff about customer service, professionalism, safe work practices, effective property inspections, vendor management and the optimum use of technology / Mobile Maintenance/Yardi and Fair Housing and Risk Management initiatives Ensure property is prepared to excel at all property inspections, including agency and REAC without the need for surges in staff and spending, i.