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Associa

Portfolio Manager

Career Insights for Property Manager

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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.

$75,488 / year median in Virginia

+7% projected growth

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Job Description

The Portfolio Manager provides support to onsite staff and oversees all administrative, maintenance, and capital projects for multiple HOA and condominium communities assigned to the portfolio.
Daily responsibilities:
Travel to multiple HOA communities. Meet and collaborate with onsite staff and members of the Board of Directors. Hire, train, and develop staff. Implement Board policy and directives within the scope of the management agreement. Works with the board on strategic initiatives, policy governance and association projects. Walk and inspect property, ensure property is well maintained and HOA Code, Compliance, Rules & Regulations are adhered. Issues violation letters to homeowners and follow-up to ensure remedied. Meet and greet homeowners, residents, members of the Board of Directors, maintenance vendors and contractors. Research and respond to inquiries in-person, by phone, and email. Data enter and update information in the database; record and track documents and information. Create and manage budgets; review financial reports, interpret Balance Sheet, Income Statement, Operating Expenses, and Reserve Studies. Submit RFPs, manage the bidding and vendor selection process, develop vendor relationships, and mange capital projects. Prioritize maintenance requests and work orders; schedule and coordinate maintenance vendors and contractors for work to be done onsite. Prepare board packages. Coordinate and schedule monthly and annual board meetings. Create and send out weekly mass communications by mail and email to homeowners notifying them of maintenance onsite, HOA guidelines, and community events. Assist homeowners in completing architectural review forms and follow-up with homeowners on the Board's decision. Other projects as assigned.
Annual salary:
$80K-$86
K Requirements:
2+ years of community association experience. Knowledge of the Association Board of Directors, the General Manager, and how those roles interface with the requests of homeowners. CMCA, AMS, and PCAM, or willingness to obtain, company paid. Customer service driven and team oriented. Financial acumen, ability to read and interpret financials, Balance Sheet, Income Statement, Operating Expenses, Reserves, Delinquency Reports, Variance Analysis. Effective project management skills; ability to prioritize and manage multiple projects in various stages of completion and communicate with all parties involved. Excellent communication skills (written and spoken) and conflict resolution techniques. #LI-PK1