Property Manager

Job Description

Job Description

Bernstein Management Corporation (BMC) has been a regional leader in real estate management for 70 years. BMC's investment affiliate is a fully discretionary, private real estate fund with assets valued at over $2.0 billion, low leverage and significant capacity to make additional investments. Focusing exclusively on the Washington D.C. metropolitan area, the portfolio currently includes 90 properties representing over 5,800 residential units and 4.0 million square feet of commercial space including office, retail and industrial assets. BMC's team of over 250 industry professionals manage the portfolio with a hands-on, vertically integrated approach. For more information, visit bmcproperties.com.

As a BMC Property Manager, you are responsible for all phases of apartment building operations and management for The Lenox Club in Arlington approximately 386 units. You will carry out specific duties in a timely and cost-effective manner and provide support to senior management to resolve building-related issues.

Primary Responsibilities*

Management

• Ensure team members are performing at an optimal level and are motivated and engaged
• Provide continuous feedback to develop team members
• Recruit and retain a team of service-oriented, business-minded property management professionals consistent with standards of being the best in the industry by setting goals, creating a collaborative work environment, recognizing team efforts, coaching through challenges and supporting career path goals
• Promote and cultivate BMC's core values emphasizing service, teamwork, continuous improvement to achieve results
• Continually working to increase income and minimize operational costs to achieve the highest possible portfolio net operating income through implementation of effective cost control and revenue improvement programs
• Review monthly financial reports and actual performance to budget monthly
• Implement or direct the implementation of all policies and procedures as authorized in the Company policy and procedures manuals. Ensure compliance as necessary
• Establish relationships in the real estate industry to benefit the Company and assist with its marketing goals.
• Other duties as trained for and are qualified to do.

Leasing

• Promote a sales culture where everyone at the property level understands that their main role is to lease apartments and retain residents.
• Collaborate with Revenue Management team in setting rents and positioning the property. Review weekly, taking into account lease expirations, make-ready costs, etc. in order to minimize turnover costs.
• Participate in establishing each property's pricing strategy. Additionally, develop and implement appropriate rent renewal strategies and sales and marketing plans to effectively maximize rental income
• Maintain an ongoing, in-depth knowledge of the market, market rents, market trends and demographics to gain a competitive edge.
• Other duties as assigned.

Vendor Management

• Schedule company-authorized contractors and vendors to prepare vacant apartments for move-in and monitor all work in progress.
• Perform cost analysis and comparison when required.
• Ensure vendors' performance is effective, efficient, and safe.
• Approve invoices for payment.
• Other duties as assigned.

Resident Relations

• Respond to residents' concerns and after-hours issues in a timely, professional, and respectful manner.
• Address noise complaints from residents in writing.
• Prepare and send resident correspondence using RentCafe.
• Encourage resident retention through relationship-building and excellent customer service.
• Other duties as assigned
• Other duties as duties as trained for and are qualified to do.

Building Inspection

• Oversee physical inspections of all areas of the property in order to evaluate the condition relative to health, safety, risk management, asset preservation, customer service, and company standards.
• Recommend and assist with executing needed capital improvements.
• Other duties as assigned.

Excellent attendance is required to perform the essential functions of this position

* Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job, as described above.

Knowledge, Skills, and Abilities

• Proficient in Microsoft Office
• Detail-oriented
• Strong analytical and problem-solving skills
• Strong time management and organizational skills
• Ability to effectively manage a team
• Ability to work in a fast-paced, multi-entity environment
• Ability to multi-task and follow through
• Ability to work under pressure
• Ability to communicate effectively
• Ability to work effectively as a team contributor on applicable assignments
• Ability to respond to others' needs in a timely and courteous manner

Education and Experience

• At least three to four years of property management experience
• At least 3 years managing a team
• Prior experience with LIHTC units
• Highschool diploma
• Yardi experience (property management accounting software)

BMC's People First Commitment

At BMC, we know that work/life balance is not just important, it's necessary. As a member of our team, your experience will be valued, and your hard work will be rewarded with a generous benefits package including paid time off, medical plan options, 401K match with immediate vesting, rent discount at BMC properties, paid volunteer leave, gym membership contributions, and company-wide social outings.

The market-based pay range for this role is $82,000 to $90,000 annually (plus additional bonus incentives). The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.

For a summary of BMC's employment benefit offerings, please click here.

Bernstein Management Corporation is an Equal Opportunity Employer, making decisions without discrimination on the basis of race, color, religion, sex, national origin, age, veteran status, disability, sexual orientation, genetic information or any other protected class, in accordance with applicable law.