Property Portfolio Manager

About the Opportunity

This is an opportunity for a Portfolio Property Manager to manage a Class A selection of residential rental properties in midtown/downtown Manhattan. The Property Manager will be responsible for all activities related to his/her specifically assigned residential properties, including site supervision, visits, personnel issues, tenant relations, renewal activities, overseeing of repairs, replacements and improvements, as well as any and all other tasks, duties and responsibilities required for the satisfactory fulfillment of the position, in accordance with departmental and management needs.

About the Company

Our client is a NYC based, privately held real estate investment and management company. They operate a portfolio consisting of residential buildings, retail, industrial, and office properties. Their portfolio includes in excess of 300 properties. They are one of the leading real estate owner/managers/developers in NYC and was founded over 60 years ago.

Role and Responsibilities

• Visits sites on a regular basis to review property condition and ensure tenant compliance with lease and legal requirements.
• Provides suggestions for improving property operations and performance and for correcting potential problems (preventative maintenance).
• Reviews tenant accounts receivable. Responsible for ensuring collection of receivables from tenant and recommending legal action to enforce leases.
• Recommends to Sr. VP charges and credits.
• Keeps vacancy list current.
• Meets with Sr. VP and leasing manager to discuss leasing activity and update asking rents.
• Assists leasing manager with renewals.
• Handles all defects, service breakdowns and repair conditions at sites, including communication with Tenants. Analyzes conditions to determine appropriate repair or replacement.
• Obtains bids from contractors, supervise and inspect completion of work and review contractor invoices.
• Violations: represents BLDG in administrative hearings, recommends and supervises all corrective work; obtains bids from contractors and supervise the work.
• Meets weekly with Sr. VP to review all property conditions and violation.
• Coordinates Tenant accounts and billing, including RE taxes, CPI, water and sewer, with Residential Billing Manager.
• Supervises all site employees and managers, and schedule them for optimum performance.
• Establishes and maintains proper channels of communication regarding issues of mutual interest with the Residential Department.

Measures of Accountability:

• In accordance with the guidelines described above, the Property Manager will be held accountable for the following expectations:
• Timely and accurate fulfillment of all job duties, tasks and responsibilities as outlined above
• Compliance with general mandates and directions as set forth by Executive Management of the company, and by the Sr. VP of Residential Properties specifically
• Adherence to highest standards of professional integrity and best-practices
• Low rate of tenant issues, complaints, etc. indicative that issues/problems/concerns are being dealt with in a consistent and timely manner

Qualifications:

• Minimum 5 years of related work experience, preferably in a residential real estate or property management environment

• MUST have scatter-site experience and able to handle a large portfolio of multiple buildings. The PM will visit buildings on a weekly basis.

• BA or BS degree preferred in Business Administration, Architecture, Real Estate Management, or a related field

• Strong computer skills (Word; Excel; PowerPoint; etc.)

• Excellent general administrative and general management capabilities

• Well-honed communications and tenant relations/customer service skills

• Highly developed organizational and prioritization skills

• Ability to function effectively in a high-pressure, deadline-oriented work environment

Compensation: $125,000 - $160,000 (depending on experience)

Excellent benefits