Asset Manager

Key Responsibilities

- Oversee third-party property management partners and hold them accountable to approved business plans, financial targets, and operational goals.

- Monitor occupancy, leasing activity, renewals, rental rates, concessions, collections, delinquency, bad debt, and unit availability.

- Develop and execute strategies to improve occupancy, accelerate lease-up, and maximize rental revenue while maintaining appropriate pricing.

- Oversee operational and leasing strategy for assets managed directly by the Company.

- Conduct regular property visits and maintain a strong understanding of onsite operations, property conditions, tenant issues, competitive properties, and local market dynamics.

- Review weekly and monthly property management reports and identify operational issues, trends, and opportunities requiring action.

- Lead regular performance meetings with property management and leasing teams, establishing clear action items, deadlines, and accountability.

- Analyze monthly financial statements, including budget vs. actual results, revenue, operating expenses, NOI, cash flow, and key variances.

- Identify opportunities to increase revenue, control expenses, improve operational efficiency, and maximize NOI.

- Oversee CapEx projects, property improvements, unit renovations, maintenance initiatives, and other value-add programs.

- Evaluate rental rates and competitive market conditions and make recommendations around pricing and leasing strategies.

- Develop asset-level business plans and establish measurable performance goals.

- Prepare monthly asset management reports for ownership covering financial performance, occupancy, leasing activity, major variances, risks, and recommended actions.

- Coordinate with Accounting, Finance, Construction, Legal, and other internal teams as needed.

- Support acquisitions, refinancing, lender reporting, valuations, dispositions, and other strategic initiatives.

- Participate in the onboarding, lease-up, stabilization, and ongoing management of new assets added to the portfolio.

- Support refinancing initiatives and the transition of assets to long-term financing structures.

Success in this role will be measured against key asset-level performance metrics, including:

- Physical and economic occupancy

- Leasing velocity and absorption

- Renewal rates

- Effective rental rates and rent growth

- Concessions

- Delinquency, collections, and bad debt

- Revenue and operating expenses vs. budget

- NOI and NOI growth

- CapEx performance

- Unit turns and vacancy

- Property management performance

- Cash flow and overall asset performance

Qualifications

- Bachelor's degree in Real Estate, Finance, Business Administration, or a related field.

- 5+ years of experience in multifamily asset management and/or multifamily operations.

- Experience overseeing both stabilized and lease-up multifamily assets.

- Demonstrated experience managing and holding third-party property management companies accountable for financial and operational performance.

- Strong understanding of multifamily operations, leasing, revenue management, property-level financial statements, budgeting, and forecasting.

- Strong financial and analytical skills, with the ability to analyze P&Ls, NOI, cash flow, operating budgets, rent rolls, and variance reports.

- Ability to translate financial and property-level information into actionable strategies and corrective measures.

- Strong leadership, communication, negotiation, and problem-solving skills.

- Highly organized, proactive, and comfortable working directly with ownership and senior leadership.

- Willingness to regularly visit properties.

- Bilingual Spanish speaking.

Preferred Qualifications

- Experience taking multifamily properties through lease-up and stabilization.

- Experience with South Florida multifamily assets and market dynamics.

- Experience with Yardi or similar property management and reporting systems.

- Advanced Excel and financial modeling skills.

- Experience with acquisitions, refinancing, lender reporting, or dispositions.

Compensation range for this position is $120,000-$125,000 with annual bonus potential based on performance 
100% medical insurance coverage for the employee through UnitedHealthcare
100% vision and dental insurance coverage for the employee through Guardian Insurance
Company-paid holidays
15 PTO days annually
5 sick days