2-3 YEARS OF COMMERCIAL PROPERTY MANAGEMENT EXPERIENCE REQUIRED.
About the role: Manage and oversee day-to-day operations of the portfolio while maintaining and improving the underlying performance of each commercial property, achieving Company goals, and addressing tenant questions and concerns. Our client values its employees and its culture. They foster team mentality by working closely and collaborating across departments. It is through their in-person workplace and culture that they can effectively collaborate and have continued success. For this reason, the expectation is for employees to work from their office five days a week, except in limited circumstances permitted by policy.
What you'll do:
• Oversee a light industrial portfolio while emphasizing timely responses to tenants and vendors while meeting the investment objectives of the owner
• Develop and maintain ethical, professional, and courteous relations with vendors, general contractors, engineers, architects, tenants, coworkers, and ownership
• Audit and manage all fiscal activities of the property, including but not limited to, maintaining full P&L responsibility, accounting accrual adjustments, cost allocations, analysis of monthly expenses, annual budget preparation, budget re-forecasting, CAM estimates, CAM reconciliations, business and financial planning, monthly financial statement review, capital expenditure oversight
• Manage and development of risk mitigation plans for the industrial portfolio, while tracking landlord, tenant, and vendor insurance compliance
• Manage all day-to-day activities of the property and including lease administration, property maintenance, operations oversight, and standard operating procedures.
• Establish and implement standard operating procedures to streamline the investment objectives of the owner
• Manage capital expenditures, run tenant improvements and capital retrofits with an emphasis on budget and timely completion of scope.
• Oversee tenant contracted improvement projects, ensuring tenants comply with lease language and municipal codes and regulations
• Manage property marketing as well as implementations of third-party technology to increase operational efficiencies for the industrial portfolio
• Negotiate contracts and supervise all contractor services related to the physical operation of the property
• Serve as primary contact with owner and prepare special ownership reports as needed.
• Ensure revenues are timely collected and payments are properly processed; improve systems to ensure and enhance current collections and operations
• Oversee all eviction and collection processes within the portfolio
• Visit and inspect properties to evaluate their condition and provide recommendations for improvement and risk mitigation
• Monitor critical dates in the industrial portfolio (rent commencements, expirations, renewals, tax deadlines, insurance renewals, etc.)
• Ensure invoices are submitted timely to accounting for payment and verify utility and maintenance bills are meeting budget expectations What you need to succeed:
• Ability to maintain a calm demeanor in emergencies
• Ability to multi-task and prioritize time sensitive objectives
• Work well with a team providing leadership, mentoring, and coaching
• California State Real Estate License
• Excellent problem-solving skills, creativity, and resourcefulness.
• Desire to learn and challenge oneself
• Experience with property transitions, portfolio acquisitions, dispositions and/or company mergers.
• Minimum 4 years hands on experience with manual calculation of CAM reconciliations with no supervision.
• Minimum 2 years hands on experience in the entire budget cycle with no supervision.
• Proficiency in lease abstraction, administration, and analysis
• Highly developed negotiation and management skills to ensure safe/well maintained properties through competitively bid service agreements/capital projects and work oversight.
• Strong financial reporting background to ensure budget and financial goals are met for the portfolio
• Demonstrate strong organizational and multi-tasking skills needed to achieve competing goals and deadlines with little to no supervision.
Our ideal candidate: Education and experience
• Minimum 3 years professional work experience in commercial property management.
• Real Estate Salesperson’s license, preferred
• P&L responsibility and budgetary experience
• Associates Degree or high school diploma required, college degree preferred
• Tenant Improvement (T.I.) experience
• Extreme attention to detail • Strong interpersonal skills • Yardi experience preferred.
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