JRK Property Holdings · 6 hours ago
Asset Manager (47536)
Los Angeles, CA
Full-time
Onsite
Mid, Senior Level
3+ years expJRK Property Holdings is seeking a motivated Multifamily Asset Manager responsible for managing all aspects of their assigned region, focusing on revenue development, expense management, and providing high-quality service. The role involves overseeing properties, collaborating with Property Managers, and ensuring the execution of corporate policies and objectives.
Property ManagementReal EstateReal Estate Investment
Responsibilities
Hires, mentors, coaches, and develops Property Managers who share a passion for the company's goals
Leads efforts in recruiting by supporting and assisting Property Managers with management succession planning, hiring, training and staff development, maintaining high levels of performance and morale
Meets with Property Managers regularly to review property operations and financial performance and ensure Property Managers know what is expected of them; with the joint effort of the Asset managers, evaluate property managers and their teams
Establishes and maintains open and effective communications with Property Managers and business partners, providing an 'open door policy where management and employees are free to express their concerns and feelings without fear of retribution or ill will; provides regular and fair feedback to Property Managers and, when necessary, disciplines Property Managers consistent with disciplinary policies
Properly executes Company performance and pay guidelines
Maintains a thorough understanding of Company policies and procedures; ensures that all Property Managers understand and work to meet established goals and objectives
Communicates regularly, accurately, and effectively with Company management, Community residents, government agencies, and corporate staff
Conducted periodic work sessions for assistant managers, maintenance, and leasing personnel
Frequent travels to the properties in their region to ensure Property Managers are in cadence with Property objectives and performance
Achieve profitability objectives by effectively managing each asset, reducing costs and improving productivity
Maximize revenue from all properties, exceed company and regional financial goals, contribution, profit, and NOI budgets
Communicate and monitor progress toward achieving the asset's goals; if goals are not met, take necessary action to lower expenses
Provides leadership and assists Asset Managers in developing ways to maximize revenue, attain or exceed financial forecasts and control expenditures; analyze statements and variances from each property; review and submit property budget for approval
Makes regional decisions and takes effective action to manage budgeted expenses in controllable areas of payroll, supplies, utilities, repairs, maintenance, and other miscellaneous items
Analyze and approve expenditures in the $500 to $5,000 range, working closely with property managers to recommend maintenance and capital improvements within $5,000 limits
Support Asset Managers in negotiation with major vendors
Routinely inspect each property to ensure compliance with Company standards; ensure that the highest levels of cleanliness, neatness and sanitation standards are met in all properties, including storage room areas, offices, and restrooms
Ensures maintenance and repairs of all equipment, furniture, and fixtures within available financial resources
Collects and reviews monthly marketing surveys from business partners (Regional Leasing Consultants, Property Managers, and on-site Leasing Consultants)
Provide the Property Manager with information concerning the greater market area; make necessary recommendations to improve the property image
Formulate short and long-term rent programs and adjustments; approve any rental rate adjustments in conflict with budgeting objectives
Review and approve quarterly marketing plans submitted by Regional Leasing Consultants; review advertising programs to ensure maximum cost-effectiveness
Ensure Property Managers establish a leadership role in the community and surrounding trade area, including active participation in community service groups such as the local Chamber of Commerce, Rotary, etc
Comply with company standards and local, State and Federal employment laws, including wage and hour, breaks, human rights, and equal employment opportunities
Ensures that the Property Managers, Asset Managers, and other employees under their area supervision are following all Local, State and Federal employment laws, including wage and hour, breaks, human rights, and equal employment opportunities
Conducts regular audits to maintain safe working conditions, per OSHA standards, for employees and residents, resolving safety concerns quickly; ensures Property Managers maintain a safety and loss prevention program to protect the Company
Quickly and fully implements Company Senior, upper management, and corporate headquarters directives
Act as the liaison between upper management and on-site personnel
Maintains good information flow between properties and legal counsel to avoid adverse legal consequences
Collects and reviews monthly marketing surveys from business partners (Regional Leasing Consultants, Property Managers, and on-site Leasing Consultants)
Provide the Property Manager with information concerning the greater market area; make necessary recommendations to improve the property image
Formulate short and long-term rent programs and adjustments; approve any rental rate adjustments in conflict with budgeting objectives
Review and approve quarterly marketing plans submitted by Regional Leasing Consultants; review advertising programs to ensure maximum cost-effectiveness
Ensure Property Managers establish a leadership role in the community and surrounding trade area, including active participation in community service groups such as the local Chamber of Commerce, Rotary, etc
Performs other related duties as assigned
Qualification
Required
Excellent verbal and written communication skills with the ability to write and speak clearly and free of typos or grammatical mistakes
Treats everyone with respect and dignity, accepts responsibility and takes ownership of tasks, follows through on commitments, and maintains confidentiality
Excellent organizational skills and attention to detail, strong time management skills with a proven ability to meet goals and deadlines
Ability to function well in a fast-paced, high-volume environment
Proficient with Microsoft Office Suite or related software
A bachelor's degree and a minimum of 3 years of experience as a regional manager or in asset management are required, preferably in the commercial multifamily sector
Strong operational orientation with proven success in meeting Net Operating Income (NOI) goals
Strong operational orientation with knowledge of general business and accounting concepts and practices
Able to read and understand financial statements
Proven success in meeting economic goals
Prior experience with capital projects is a plus
Expected work hours: 7:30 to 5:00, Monday through Friday, with occasional weekends and the ability to work hours that support business needs
Frequent and regular business trips with overnight stays are required to various business locations and properties (traveling approximately 50% of the time); may need to drive a personal vehicle for business
General office environment
Company
JRK Property Holdings
JRK Property Holdings is a real estate investment company that offers investment strategy services.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Jay Schulman
Chief Financial Officer
Tom Manzo
President - Residential Group
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