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Commercial Property Manager
Career Insights for Property Manager
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Scorecard
Based on New Jersey 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.
$78,068 / year median in New Jersey
+12% projected growth
Job Description
- The commercial Property Manager position reports to the Vice President, Property Management.
- This position is responsible for initiating and supervising the daily management, maintenance and associated construction of shopping centers, retail mixed use and office/ industrial managed real estate (which excludes multifamily apartments) within an assigned portfolio.
- The position requires extensive experience in retail property management in addition to initiative, negotiating skills, verbal and written communication skills, accuracy and accountability, financial analysis, judgment, and confidentiality.
- Essential tasks of the commercial Property Manager position include the ability to function at a high capacity within the context of a larger team, set goals and implement, support leasing initiatives, implement on-site maintenance services through third party vendors, preparation of operating budgets, approval of invoices and understanding of property's CAM reconciliation.
- This position requires review, evaluation, and recommendations provided of all operations and standards for the Commercial Property portfolio assigned, including capital improvements, new concepts, procedures, and vendors/client relations.
- This position has a detailed understanding of all tenants' Accounting, Maintenance, Leasing, and Construction.
- This position supports and communicates with Accounting, Finance and Collections functions.