Manhattan, NY
Salary Estimate: $100,000.00 - $124,999.00
Employment Type: Full Time
Work Place: Hybrid
Experience Required: 1+ to 2 years
Education Required: 4 Year College
Job Description
Quad Property Group is seeking an experienced real estate professional with hands-on asset management (or related) experience to aid in the successful growth of our portfolio. Frequent visits to out-of-state properties will be required.
Applicants MUST have a minimum of 1+ years of real estate asset management or related experience.
Responsibilities:
Applicants MUST have a minimum of 1+ years of real estate asset management or related experience.
Responsibilities:
- Update excel models and trackers on a daily, weekly, and monthly basis.
- Create and maintain property-level cash flow forecasts and financial models.
- Visit properties
- Build relationships with on-site management, regional management and numerous vendors.
- Assist in the implementation and ongoing execution of property business plans and ensure that management is charging the correct rents, RUBS, and miscellaneous fees on a weekly and monthly basis, while working to increase rents and maximize property NOI monthly.
- Develop and coordinate property-specific capex plans, working with on-site management, regional management and contractors to ensure projects are completed in a timely and cost-effective manner.
- Lead bi-weekly calls with property managers and regional managers.
- Review the criteria for renewal offers with property managers.
- Periodic review of property-level marketing materials, including websites, ILSs and print materials.
- Coordination of lender and insurance required repairs are completed in a timely fashion.
- Review financials each month to ensure income and expense items are meeting or exceeding projections, being coded correctly and / or identify solutions to correct deviations from projected figures.
- Complete and distribute financial reports for investors and lenders as necessary.
- Special projects, including collaboration with acquisitions, legal and investor relations, on an as-needed basis.
Desired Skills and Experience:
- 1+ years of full-time real estate asset management (ideally in multifamily and/or industrial) or related experience.
- Advanced knowledge of Excel and PowerPoint (Argus is a plus).
- Extremely thorough, organized, and detail-oriented with a strong work ethic and commitment to meeting deadlines.
- Proven track record of successful real estate asset management, including revenue enhancement, expense management, capex projects, marketing and lease-up programs, reputation management, etc.
- Proactive and diligent, with a strong work ethic and commitment to meeting deadlines.
- Effective communicator, able to set priorities, provide direction, motivate on-site personnel, and measure performance of selected construction and property management teams to successfully execute value add business plans.
- Experience with property management software such as Yardi.
- Ability to write and communicate in a highly professional, business manner.
About Quad Property Group:
Quad Property Group is a real estate investment firm that specializes in the acquisition and asset management of commercial properties throughout the Sunbelt and Midwest. To date, the company has acquired approximately 3,500 apartment units and recently launched an industrial division.
Selection will be based solely on merit and will be without discrimination because of age, sex, sexual orientation, race, religion, national origin, marital status, or disability.
QUAD PROPERTY GROUP IS AN EQUAL OPPORTUNITY EMPLOYER.
Quad Property Group is a real estate investment firm that specializes in the acquisition and asset management of commercial properties throughout the Sunbelt and Midwest. To date, the company has acquired approximately 3,500 apartment units and recently launched an industrial division.
Selection will be based solely on merit and will be without discrimination because of age, sex, sexual orientation, race, religion, national origin, marital status, or disability.
QUAD PROPERTY GROUP IS AN EQUAL OPPORTUNITY EMPLOYER.
Quad Property Group
• 1-100 employees
Quad Property Group is a real estate investment firm that specializes in the acquisition and asset management of commercial real estate throughout the Sunbelt and Midwest. To date, the company has acquired approximately 3,500 apartment units and recently launched an industrial division.
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