Property Manager (Residential)
Property Manager (Residential)
Posted on :
23-05-2025
Employer Active
1 Vacancy
Job Alert
You will be updated with latest job alerts via emailValid email field required
Send jobs
Share
Send me jobs like this
Job Alert
You will be updated with latest job alerts via emailValid email field required
Send jobs
Monthly Salary
Not Disclosed
Salary Not Disclosed
Vacancy
1 Vacancy
Posted on :
23-05-2025
Job Description
ABOUT CIM GROUP:
CIM is a communityfocused real estate and infrastructure owner operator lender and developer. Our team of experts works together to identify and create value in real assets benefiting the communities in which we invest. Back in 1994 our three founders focused on projects in Southern California neighborhoods. Today we are a diverse team of 1000 employees with projects across the Americas. Our projects have delivered jobs; created comfortable places to live work and relax; and provided necessary and sustainable infrastructure. Our focus on enhancing communities is unwavering and we strive to make an even greater impact in the years to come. Join us and make an impact today!
POSITION PURPOSE:
The Residential Property Manager is responsible for the daytoday management and operations of the property. Responsibilities include but are not limited to leading the onsite team oversight of daily activities residential satisfaction and high level of customer service achieving budgeted financial goals complete company required reporting and maintaining a bestinclass appearance of the property. This position will set goals to integrate leasing property management building maintenance and resident retention activities that positively impact the overall success of the property. Annually draft a budget and business plan for review and approval. Additionally they will manage to the propertys approved budget with an emphasis on timely rent collection meeting monthly leasing goals resident retention expense and revenue management and vendor supervision.
ESSENTIAL FUNCTIONS:
- Leasing
- Confirm building amenity pricing is accurate by shopping propertys defined competition and using mystery shoppers and/or other market research firms.
- Approve rents and concessions on available apartment homes based on market conditions availability and leasing strategy for the property.
- Work closely with resident services and leasing teams to ensure all renewals and new leases meet or exceed approved pricing strategy.
- Ensure marketing plans are achieving desired results and align with revenue and leasing goals. Follow property software reporting and make recommendations as needed to maintain targeted prospects tours and executed leasing goal
- Ensure all residential leases are executed in accordance with CIMs Standard Operating Procedures (SOP). Review ongoing and monthly to validate the accuracy of the propertys (a) rent roll (b) occupancy status (c) lease charges (d) lessees match actual residents name and (e) term.
- Ensure lease terms are correct before all residential leases are executed by any resident and accept no residents changes to the CIM Group lease form without prior corporate approval. All supporting Addendums must also be executed by the residents as set forth by each propertys standardized leaseform.
- Create and approve social media content for propertys onsite events and local neighborhood news and respond to questions and comments on the propertys social media channels.
- FINANCIAL
- Track rent collection to ensure timely payment and to avoid excessive delinquent rent balances so that the property is no more than 30 days behind on any residential lease unless theres a pending eviction.
- Create and deliver timely and accurate annual budgets and monthly variance analysis reports. Work closely with the property team to achieve all targeted leasing objectives operating expenses and yearend NOI for each property.
- Report on propertys financial performance each month and provide explanation for the variances.
- MANAGEMENT OPERATIONS
- Ensure all building operating systems such as elevators boilers central plant cooling systems are (as required) placed on an approved preventive maintenance agreement.
- Responsible for knowing and understanding the market of assigned propertys comp set. Keep informed about new development or redevelopments within the market and be able to discuss how these will impact CIMs residential properties. Build relationships with local businesses or organizations to gain additional market information.
- Work closely with the Maintenance Supervisor to create a monthly preventive maintenance calendar with the goal to use onsite maintenance technicians to maintain or complete most of the preventive maintenance work.
- Monitor and control the propertys expenditures in accordance with the approved budget and SOPs. Ability to provide recommendations for expense efficiencies and capital work as needed.
- Inspect the property on a daily/weekly basis to ensure the overall appearance exterior lighting condition cleanliness and maintenance of the propertys common areas and units.
- Assign and delegate tasks to ensure timely completion of turnover repairs leasing initiatives preventive maintenance tasks and leases being entered into Yardi.
- Establish standardized management practices for (i) emergencies (ii) evictions (iii) energy management and (iv) resident issues or complaints in accordance with stated SOPs and CIM Group polices.
- Adhere to all local agencys rent control or similar governmental agencies (as required) polices as well as Federal Fair Housing Act to avoid any discrimination or legal issues.
- Work with inhouse or outside legal counsel on legal matters.
- Stay current on the changing LandlordResident Laws.
- Maintain a firstclass management office with digitized leasing files vendor files building files and others as may be required. Ensure the management office is staffed appropriately and that the property is operating in the most productive and efficient manner.
- Provide inspired leadership to your team while implementing plans and creating a collaborative and engaging work environment with focus on training coaching and mentoring. Provide all the tools and training to empower employees to think creatively and make informative business decisions.
- Be able to provide operating expense and/or market rent analysis for new developments or acquisitions as required using comparable property unit pricing for administration repairs and maintenance janitorial contracted services utilities bad debt marketing expenses and payroll. Become a market expert and be able to coach the team in differentiating CIMs properties and management of properties and what sets them apart from the competition.
- Bid award and create service contracts as per CIM requirements.
- Manage capital improvement projects.
- Evaluate service providers and contractors and hire the best company for the job.
NONESSENTIAL FUNCTIONS:
- Exhibit a confident professional demeanor when interacting with visitors residents vendors investors and CIM personnel.
- Demonstrate commitment to a work schedule that ensures timely completion of all responsibilities.
- Must be detailed oriented well organized and be able to meet the expectations of the organization.
SUPERVISORY RESPONSIBILITIES:
- Supervise onsite staff including administrative support employee(s) maintenance team leasing team security parking attendants and other vendors as needed. Plan organize and manage employee focused activities including but not limited to:
- o Compliance with all applicable employment laws as well as CIM Group employment policies and procedures.
- o Facilitate employee development and training opportunities that promote maximum productivity and position the employee for increased responsibilities and job growth.
- o Provide at a minimum an annual performance review offering feedback/counseling along with as required appropriate onsite job training and be able to address job performance deficiencies.
- Responsible for coordinating leasing coverage all days of the week including weekends.
- Responsible for performing all other duties tasks and responsibilities as assigned by your supervisor.
EDUCATION/EXPERIENCE REQUIREMENTS: (including certification licenses etc.)
- Bachelors Degree or equivalent experience.
- Knowledgeable of general accounting practices accrualbased accounting and reserving for bad debt.
- Five years prior experience working in a residential property manager capacity.
- Must possess a valid stateissued drivers license.
KNOWLEDGE SKILLS AND ABILITIES:
- COMMUNICATION SKILLS REQUIREMENTS:
- Read and interpret documents such as office equipment maintenance and instruction manuals company SOP documents.
- Ability to write correspondence and reports in a concise and detailed manner.
- Ability to effectively present information to residents vendors contractors and other employees of the organization.
- Ability to analyze and interpret lease agreements financial reports and legal documents.
- Respond to common inquiries or complaints from residents regulatory agencies other areas of the company and members of the business community.
- Good verbal communication.
- Organization and ability to multitask efficiently.
- Problem solving to find effective solutions for variety of potential issues.
- Able to motivate and effectively manage the building team.
- MATHEMATICAL SKILL REQUIREMENTS:
- Ability to add subtract multiply and divide.
- Ability to compute rate ratio and to draw and interpret bar graphs.
- Ability to calculate discounts interest commissions proportions percentages area circumference and volume.
- Ability to calculate monthly and yeartodate financial variances.
- REASONING SKILL REQUIREMENTS:
- Ability to apply commonsense understanding to carry out instructions.
- Ability to solve practical problems.
- Ability to define problems collect data establish facts and draw valid conclusions.
- TECHNICAL SKILLS REQUIREMENTS:
- MS Office including Excel Word PowerPoint and Outlook.
- Familiar with Nexus Payables or similar software applications.
- Familiar with Yardi or similar software applications.
PERFORMANCE METRICS:
- Performance of property measured by established proformas for the property such as an approved operating budget leasing objectives cost controls and annual NOI.
- Performance of property team.
- Resident questionnaires survey feedback and improving online ratings.
WHAT CIM OFFERS:
At CIM we believe our success stems from our collective efforts and we are committed to providing wellrounded support and resources for our employees. In addition to a competitive compensation plan CIM offers a comprehensive benefits program for employees to thrive both inside and outside of work. Eligible employees can enjoy a wide range of benefits including:
A variety of Medical dental and vision benefit plans
Health Savings Account with a generous employer contribution
Company paid life and disability insurance
401(k) savings plan with company match
Comprehensive paid time off including: vacation days 10 designated holidays sick time and bereavement leave
Up to 16 hours of volunteer time off
Up to 16 weeks of Paid Parental Leave
Ongoing professional development programs
Wellness program including monthly and quarterly prizes
And more!
Actual base salary considers several factors including but not limited to geography jobrelated knowledge experience and budget. The start of the salary range is typically associated with the minimum experience required.
HOW WE FEEL ABOUT DIVERSITY AND INCLUSION:
At CIM Group we believe that the unique perspectives and backgrounds of our employees enhance everything we do. We are committed to fostering an inclusive environment where diversity is not only respected but celebrated. We strive to ensure that our workplace is free from discrimination and harassment allowing everyone to contribute meaningfully and feel a sense of belonging. As an equal opportunity employer we strictly prohibit any form of unlawful discrimination and adhere to the laws enforced by the EEOC. Our goal is to provide a safe and supportive environment where all employees can grow and make impactful contributions together.
*Applicants with disabilities may be entitled to reasonable accommodation under the terms of the Americans with Disabilities Act and certain state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on CIM Group.Please inform our Talent team if you need any assistance completing any forms or to otherwise participate in the application process.
CIM is committed to maintaining the confidentiality and privacy of your personal and financial information. Please click here for our Privacy Policy.
#LIKO1
Required Experience:
Manager
Employment Type
Full-Time
Key Skills
Report This Job
Disclaimer: Drjobpro.com is only a platform that connects job seekers and employers. Applicants are advised to conduct their own independent research into the credentials of the prospective employer.We always make certain that our clients do not endorse any request for money payments, thus we advise against sharing any personal or bank-related information with any third party. If you suspect fraud or malpractice, please contact us via contact us page.
