Asset Manager- Fix & Flip
Resicap LP
Job Description
Job Description
We’re committed to enriching the lives of those around us - one home at a time. Ready to make a difference? We're looking for innovators, changemakers and energetic professionals who want to join in on our amazing mission and company culture. We're a leader in the Single Family Rental industry and have been named one of Atlanta’s Top Workplaces, ranked #3 on Qualified Remodeler’s Top 500, and ranked #1 for ACG’s fastest-growing company in Georgia.
Position Purpose: Protect and maximize returns on single-family fix-and-flip acquisitions by managing valuation, rehab scope, deal structure, and resale pricing decisions from initial offer acceptance through resale.
Job Responsibilities
- Valuation & Rehab Scope Strategy:
- Validate as-is and after-repair values (ARV) and refine rehab scopes to balance property condition, market expectations, and return on investment.
- Provide field teams with clear guidance on condition-driven and value-driven repairs, and finalize rehab scopes within company guidelines.
- Deal Economics & Structuring:
- Re-underwrite resale expectations, including market value, sales costs, hold time, and holding costs, as rehab costs are finalized.
- Develop creative deal amendments that protect returns and minimize risk while keeping transactions viable.
- Disposition & Portfolio Management:
- Oversee significant renovation change orders and monitor portfolio performance against underwritten expectations.
- Set resale pricing strategy using BPOs, comparable sales, listing activity/feedback and market conditions; approve price adjustments and resale buyers’ offer terms to optimize sale outcomes.
- Cross-Functional Collaboration
- Collaborate with external & internal teams including real estate agents, acquisitions, field inspection, construction, transaction coordination, and disposition teams to manage deals through diligence, closing, renovation, and resale.
Job Requirements (including Education)
- Education: Bachelor’s degree in Real Estate, Finance, Economics, Business, Construction Management, or a related field (or equivalent combination of education and experience).
- Experience: 5+ years of hands-on experience in single-family residential valuation, underwriting, asset management, or renovation (fix-and-flip, iBuying, or similar).
- Technical Skills: Advanced proficiency in Excel or Google Sheets; proficiency with MLS and property data tools; working knowledge of residential construction, major systems, and repair costs.
- Industry Knowledge: Solid understanding of residential valuation methods, renovation practices, and transaction and closing procedures; experience in major markets (Atlanta, DFW, Tampa, Orlando, Charlotte, etc) and a real estate license are a plus.
- Competencies: Sound judgment under tight deadlines; creative problem-solving and negotiation skills; clear communication; ability to maintain accuracy in a fast-paced, high-volume environment.
IND1
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