What are the responsibilities and job description for the Asset Manager | Regional Property Manager (Multifamily Lease-Up Specialist) position at 619 Recruiting?
Company Overview
Our client is a leading construction developer specializing in multifamily apartment complexes. We focus on building high-quality properties, leasing them to full occupancy, and selling them to investors. With typically 2-3 projects in the lease-up phase at any time, we seek a dedicated professional to streamline operations and maximize value during this critical stage.
Job Summary
We are seeking an experienced Asset Manager to oversee the lease-up process for our multifamily apartment complexes. This role is akin to a Regional Property Manager, responsible for managing at least two properties simultaneously, ensuring they reach optimal occupancy levels, and preparing them for successful sale to investors. The position involves strategic oversight of leasing, operations, and team coordination, with minimal travel required (one trip per month for 2-3 days). The ideal candidate will have a strong background in property management, particularly in multifamily lease-ups, and a proven track record of driving occupancy and financial performance.
Key Responsibilities
Our client is a leading construction developer specializing in multifamily apartment complexes. We focus on building high-quality properties, leasing them to full occupancy, and selling them to investors. With typically 2-3 projects in the lease-up phase at any time, we seek a dedicated professional to streamline operations and maximize value during this critical stage.
Job Summary
We are seeking an experienced Asset Manager to oversee the lease-up process for our multifamily apartment complexes. This role is akin to a Regional Property Manager, responsible for managing at least two properties simultaneously, ensuring they reach optimal occupancy levels, and preparing them for successful sale to investors. The position involves strategic oversight of leasing, operations, and team coordination, with minimal travel required (one trip per month for 2-3 days). The ideal candidate will have a strong background in property management, particularly in multifamily lease-ups, and a proven track record of driving occupancy and financial performance.
Key Responsibilities
- Lead the lease-up strategy for multiple multifamily properties (typically 2 at a time), including setting occupancy targets, monitoring progress, and implementing tactics to achieve full capacity efficiently.
- Oversee day-to-day property operations during the lease-up phase, such as tenant screening, lease negotiations, move-ins, and resident relations to ensure high satisfaction and retention.
- Collaborate with on-site teams, marketing vendors, and maintenance staff to optimize property performance, including market analysis, pricing strategies, and promotional campaigns.
- Manage financial aspects, including budgeting, expense control, rent collection, and preparing financial reports to support the sale process.
- Ensure compliance with all local, state, and federal regulations, including fair housing laws, safety standards, and environmental requirements.
- Conduct site visits as needed (approximately one trip per month lasting 2-3 days) to assess progress, address issues, and provide guidance to local teams.
- Prepare properties for investor sales by compiling due diligence materials, such as occupancy reports, lease audits, and property condition assessments.
- Analyze market trends and competitor data to inform leasing decisions and enhance property appeal.
- Foster a collaborative environment with internal stakeholders, including development, construction, and sales teams, to align on project timelines and goals.
- Bachelor's degree in Real Estate, Business Administration, or a related field preferred; equivalent experience considered.
- Minimum of 5 years of experience in property management, with at least 3 years focused on multifamily lease-ups or regional oversight of multiple properties.
- Proven expertise in leasing strategies, occupancy optimization, and preparing properties for disposition.
- Strong knowledge of real estate software (e.g., Yardi, MRI, or similar) for reporting and operations management.
- Excellent leadership and communication skills, with the ability to motivate teams and build relationships with tenants, vendors, and investors.
- Analytical mindset with experience in market research, financial modeling, and performance metrics.
- Relevant certifications such as Certified Property Manager (CPM), Accredited Residential Manager (ARM), or similar are a plus.
- Ability to travel minimally (one trip per month for 2-3 days) and work in a fast-paced, results-oriented environment.
- Proficiency in Microsoft Office Suite and familiarity with digital marketing tools for property promotion.
- Competitive salary commensurate with experience.
- Comprehensive health, dental, and vision insurance.
- 401(k) with company match.
- Paid time off, including holidays and vacation.
- Opportunities for professional development and career growth in a dynamic real estate environment.