What are the responsibilities and job description for the Property Manager (PM) [HC] position at Paradise Management, LLC?
SUMMARY:
The Property Manager (the “PM”) is responsible for the overall performance of the day-to-day property management operations of all on-site staff, outside vendors and residents/tenants. To maintain, preserve and improve the owner’s assets via expense control, revenue optimization and capital projects, the PM must create, manage and maintain a motivated team of employees and establish, adhere to and enforce all policies and procedures as set forth by the Management Company and/or Owner.
The Property Manager (the “PM”) is responsible for the overall performance of the day-to-day property management operations of all on-site staff, outside vendors and residents/tenants. To maintain, preserve and improve the owner’s assets via expense control, revenue optimization and capital projects, the PM must create, manage and maintain a motivated team of employees and establish, adhere to and enforce all policies and procedures as set forth by the Management Company and/or Owner.
A. QUALIFICATIONS OF A PROPERTY MANAGER:
- Bachelor’s degree preferred.
- Minimum 5 years conventional/market rate property management on-site experience, preferably starting as a leasing or marketing specialist with promotions to management positions.
- Management experience must have been with a professional property management company respected as such in the industry and include the management of staff consisting of assistant managers, leasing and marketing specialists, and maintenance personnel.
- A professional designation of Certified Property Manager (CPM), Certified Apartment Manager (CAM), Registered Apartment Manager (RAM), Accredited Residential Manager (ARM) or similar industry designation is desirable.
- Mandatory Fair Housing Certificate and awareness of fair housing laws.
- Awareness of national, state and local laws especially regarding landlord – tenant law.
- Real estate license preferred, although experience selling residential properties is not required.
- Oral Communication: Speaks clearly and persuasively in positive or negative situations; listens and gets clarification; responds well to questions; participates in meetings; ability to effectively present information and respond to questions from groups including customers, employees, vendors, governmental authorities, general public, investors and owners.
- Written Communication: Writes clearly and informatively; edits work for spelling and grammar; varies writing style to meet needs; presents numerical data effectively; ability to write routine reports and correspondence.
- Language Skills: Ability to read, and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals.
- Must be computer literate with and proficient in systems and software including but not limited to: Microsoft Word, Excel, Outlook, Publisher, Property Management Software, Website, Internet Listing Services and Revenue Management Software.
- Proficient in mathematics including computation of rate, ratio, percent, create and interpret graphs.
B. CHARACTERISTICS and COMPETENCY OF A PROPERTY MANAGER:
- A dynamic leader with strong supervisory skills/personnel management.
- Interpersonal Skills amp; Teamwork: Focuses on solving conflict, not blaming; maintains confidentiality; listens to others without interrupting; keeps emotions under control; maintains strong and loyal team relationships, exhibits objectivity and openness to others’ views; balances team and individual responsibilities; gives and welcomes feedback; contributes to building a positive team spirit; puts success of team above own interests; able to build morale and group commitments to goals and objectives; supports everyone’s efforts to succeed.
- High energy, self-motivated and independent thinker.
- Leadership: Exhibits confidence in self and others; inspires and motivates others to perform well; effectively influences actions and opinions of others; accepts feedback from others; gives appropriate recognition to others.
- Coordinates projects; communicates changes and progress; completes projects on time and within budget; manages project team activities.
- Problem Solving: Identifies and resolves problems in a timely manner; gathers and analyzes information skillfully; develops alternative solutions; recommends sound solutions to problems; works well in group problem solving situations; uses reason even when dealing with emotional topics.
- Assesses own strengths and weaknesses; pursues training and development opportunities; strives to continuously build knowledge and skills; shares expertise with others.
- Calm and intelligent crisis manager with developed conflict management skills.
- Ability to follow and enforce policies and procedures.
- Ability to travel periodically to attend meetings and/or assist at other properties.
- Organized with attention to detail.
- Dependability: Follows instructions, responds to management direction; takes responsibility for own actions; keeps commitments; commits to long hours of work when necessary to reach goals; completes tasks on time or notifies appropriate person with an alternate plan.
- Delegation: Delegates work assignments; matches the responsibility to the person; gives authority to work independently; sets expectations and monitors delegated activities; provides recognition for results.
- Customer Service: Manages difficult or emotional customer situations; responds promptly to customer needs; solicits customer feedback to improve service; responds to requests for service and assistance; meets commitments.
- Change Management: Develops workable implementation plans; communicates changes effectively; builds commitment and overcomes resistance; prepares and supports those affected by change; monitors transition and evaluates results.
- Managing People: Includes staff in planning, decision-making, facilitating and process improvement; takes responsibility for subordinates’ activities; makes self available to staff; provides regular performance feedback; develops subordinates’ skills and encourages growth; solicits and applies customer feedback (internal and external); fosters quality focus in others; improves processes, products and services; continually works to improve supervisory skills.
- Quality Management: Looks for ways to improve and promote quality; demonstrates accuracy and thoroughness.
- Business Acumen: Understands business implications of decisions; displays orientation to profitability with emphasis on marketing, financial and asset management.
- Cost Consciousness: Works within approved budget; develops and implements cost saving measures; contributes to profits and revenue; conserves organizational resources.
- Ethics: Treats people with respect; keeps commitments; inspires the trust of others; upholds organizational values; honest, with impeccable integrity.
- Organizational Support: Follows policies and procedures; completes administrative tasks correctly and on time; supports organization’s goals and values; benefits organization through outside activities; supports affirmative action and respects diversity.
- Strategic Thinking: Develops strategies to achieve organizational goals; understands organization’s strengths amp; weaknesses; analyzes market and competition; identifies external threats and opportunities; adapts strategy to changing conditions.
- Planning/Organizing: Prioritizes and plans work activities; uses time efficiently; plans for additional resources; sets goals and objectives; organizes or schedules other people and their tasks; develops realistic action plans.
- Professionalism: Approaches others in a tactful manner; reacts well under pressure; treats others with respect and consideration regardless of their status or position; accepts responsibility for own actions; follows through on commitments.
- Safety and Security: Observes safety and security procedures; determines appropriate action beyond guidelines; reports potentially unsafe conditions; uses equipment and materials properly.
- Adaptability: Adapts to changes in the work environment; manages competing demands; flexible and changes approach or method to best fit the situation; able to deal with frequent change, delays, or unexpected events.
- Initiative: Volunteers readily; undertakes self-development activities; seeks increased responsibilities; takes independent actions and calculated risks; looks for and takes advantage of opportunities; asks for and offers help when needed.
- Attendance/Punctuality: Is consistently at work and on time; ensures work responsibilities are covered when absent; arrives at meetings and appointments on time.
C. ESSENTIAL FUNCTIONS, DUTIES AND RESPONSIBILITIES: The PM performs the following functions, duties and responsibilities personally or through subordinate staff and vendors:
I. PRODUCT MANAGEMENT
- Ensure Maximum Occupancy.
- Responsible for the performance of all lease-up properties and stabilization thereafter.
- Inspect property on a daily basis to ensure all aspects of the property and curb appeal meet Paradise Management LLC standards. Render the community curb appeal in a condition that is enticing to client traffic and exceeds the neighborhood market.
- Inspect aged and/or selected vacancies on a weekly basis to monitor upkeep and ensure Paradise Management make-ready standards are being met. Monitor occupancy; advise your RPM or Owner of any problems along with proposed solutions.
- Personally oversee the details of apartment turns and contractor work. Ensure compliance with Paradise Management Make Ready Policy.
- Maintain and update Make Ready Report and/or boards.
- Review for approval all requests for onsite transfers. Apartment must be walked and resident history reviewed by management before transfer is approved.
- Assists Service Manager in planning properly for turnover.
II. MARKETING, LEASING amp; RENEWALS
- Ensures the proper implementation of Daily Leasing Checklist and ensures that these areas are maintained in pristine condition.
- Ensures the proper implementation of the Resident Renewal Policy and procedures surrounding it.
- Ensures that the internet and print media information for property is correct and implemented within the property budget guidelines.
- Ensures that the Marketing Spreadsheet is completed timely and approves such prior to obtaining approval from Director of Leasing amp; Marketing.
- Insures proper completion and implementation of the Leasing Bindersfor each property.
- Makes recommendations for rent and renewal increases and concessions, as needed.
- Ensures development and implementation of Calendar of Resident Events for property.
- Establish lease-up goals in accordance with owner’s requirements.
- Ensure that all vacants are inspected weekly at a minimum.
- Ensure compliance with resident screening guidelines for all applicants.
- Work with Director of Leasing amp; Marketing to create marketing collateral.
- Manage social networking websites.
- Identify appropriate advertising resources and secure contracts for the same.
- Create and implement a marketing plan, review the plan for relevance regularly, change plan as soon as it becomes necessary.
- Create and implement a preferred employer program.
- Review weekly market survey for accuracy prior to submitting
- Ensure compliance with all fair housing laws when conducting leasing transactions.
- Review and approve all applicant files prior to move in for compliance with policies.
- Create and implement effective resident retention programs.
- Establish community outreach program.
- Quantify marketing results, performance and review.
III. FINANCIAL
- Prepares recommendations designed to increase efficiency and revenues and lower costs for management evaluation.
- Budget preparation with annual deadline of October 31st.
- Prepares financial review of operating statements and discusses variances.
- Assures expenses are managed properly.
- Operate within budget parameters. Seek approval from your RPM or Owner for all budget deviations.
- Inspect apartment upon move out, determine charges (if any) to resident.
- Inspect and/or approve carpet, vinyl, or appliance replacement. Consult with your RPM or Owner on any repair or replacement that is not budgeted or is over budget.
- Under supervision of the RPM or Owner, solicit competitive bids as needed for major contract work.
- Initiate and control administrative expenses--office supplies, legal fees, etc.
- Ensure compliance with company accounting procedures including but not limited to the following:
- Maintain expenses within 3% of budget.
- Proper use of account codes
- Accounts payable procedures
- Purchase Orders
- Monitor and control overtime.
- Maintain the community in a clean and attractive condition while keeping within budget guidelines.
- Consult with RPM or Owner on plans for capital expenditures.
- Prepare and submit the proper accounting reports as requested by your RPM (or Owner) including, but not limited to, the following:
- Budget Variance Reports
- Executive Summaries
- Budget Forecast upon request
- Month End Closing and Owner Reports
- Payroll reporting
IV. ADMINISTRATIVE
- Coordinate the preparation and submit the appropriate marketing and management reports as requested by your RPM or Owner.
- Set up or rearrange leasing, administrative and maintenance offices if necessary.
- Helps create, prepare and implement company policies and procedures.
- Negotiates with vendors amp; contractors in order to get the best service and price.
- Regularly conducts property inspections.
- Provides support and assistance to Owners relative to financing, purchasing, or selling of property.
- Insures proper completion and implementation of Property Notebooks for each property.
- Implements the established move-in procedures for each property.
- Assists with revision of the Company Policy and Procedure Manual when requested.
- Complete annual asset business plan and budget.
- Analyze monthly performance and budget projections, discuss strategies with your RPM or Owner, and communicate to Owners as needed or requested.
- Keep abreast of the market conditions in your area. Shop competition; report rent/concession fluctuations to the RPM.
- Continually enhance knowledge/expertise through publications, reports and seminars.
- Develop s
Salary : $65,000 - $70,000