Property Manager

LBA Realty

Salary Estimate: $95,000.00 - $100,000.00

Employment Type: Full Time

Work Place: Office

Experience Required: 2+ to 5 years

Education Required: High School

Job Description


LBA Logistics & LBA Properties (“LBA”) is a full-service real estate investment and management company headquartered in Irvine, CA.  LBA has a national industrial portfolio in all the major markets throughout the U.S. as well as a diverse office portfolio on the West Coast. LBA is a privately held company founded in 1991 with approximately 250 employees.  LBA operates several closed-end real estate investment funds.  

The Property Manager will oversee management and operations of approximately 1.6 million square feet, comprised of 50+ tenants and 19 industrial/flex assets geographically ranging throughout the Sacramento, CA area. 


Role and Responsibilities


·         Requires knowledge of financial terms and principals of property management including budgeting, forecasting, variance reporting, CAM Reconciliations.  


·         Responsible for preparing the annual budget and semi-annual reforecasting for the properties.


·         Prepares monthly and/or quarterly property financial reports (accruals and variance reports), annual CAM reconciliations and operating expense estimates for Regional Operations Manager review.


·         Approves property expense invoices as needed for accuracy and administer final approval in order to facilitate prompt payment by the corporate accounting department.


·         Oversees and reviews monthly tenant billings to ensure accuracy and field tenant questions regarding billings and cash applications.


·         Assists in investigating tenant delinquencies by contacting the tenant and/or the Accounting Department in order to ensure prompt payment or to learn the status of the delinquencies. 


·         Oversees Operational Capital projects including budgeting, bidding and project oversight, utilizing consultants and engineering teams when needed.


·         Collaborates and oversees Assistant Property Manager in their responsibilities.


·         Oversees internal and external property compliance within LBA requirements.


·         Maintains excellent tenant relations by making regular rounds of the properties and visiting with tenants to learn of their satisfaction or concerns with the properties (including tenant appreciation gift deliveries)


·         Responsible for resolving elevated tenant concerns regarding property tenant services by communicating with tenants on the phone, in writing, or in person, in order to maintain high tenant satisfaction.


·         Participates in meetings with architects, construction contractors, and tenants to oversee tenant space build-outs/improvements in order to maintain a high quality of construction and to ensure compliance with construction drawings or building codes.

·         Participates in walking tours of vacant building space, as requested, to existing and prospective tenants in order to obtain new leases, renewal of existing leases.


·         Ability to use personal transportation (mileage reimbursable) to tour and inspect assets in the portfolio’s geographical area.


·         Able to multi-task in different facets of property management, including construction management, leasing and accounting.  Must be a self-starter and work independently.


·         Ability to solve practical problems and deal with a variety of variables in situations where only limited standardization exists. 


·         Work to build relationships with vendors, brokers and business community members.


·         Excellent communication skills (verbal and written) and ability to provide excellent customer service to tenants.


·         Good leadership skills, customer service skills, and ability to interact with many different people of the management team.


·         Works well with others, has a great teamwork attitude.


Qualifications


·         Minimum 4 years of property management experience preferably with industrial properties. 


·         California Real Estate License required.


·         Bachelor's degree from four-year college or university; or two to four year's related experience and/or training; or equivalent combination of education and experience.


·         Practical knowledge of safety rules, operating and maintenance instructions, and procedure manuals.  


·         Strong knowledge of Microsoft Word and Excel is required, Argus and MRI a plus.  

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