Asset/Property Management, Asset/Property Management: Multifamily, Low Income Housing Tax Credit
Cardinal Capital Management, Inc. is seeking a full-time, experienced RegionalPropertyManager to oversee 400 units in the Milwaukee area. This is a multi-site portfolio that has been recently rehabbed.
The Regional Property Manager is accountable to protect, maintain and enhance the value of commercial real estate assets in order to maximize the owner's financial return and for the benefit of the tenants, consumers and the community. This is accomplished by direction and coordination of the center's operational activities, leasing and marketing. This incumbent represents the property owner to both the tenants and the public.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Demonstrate a positive, professional and client-oriented attitude about the company with coworkers, tenants, clients and the public whether contact is by mail, telephone or in person. Constantly strive for improvements in work process and results to better meet client's expectations.
On assigned properties, act as the company's primary coordinator to assure that the company’s efforts fully meet and exceed contractual property management obligations. Direct the day-to-day activities of loss prevention, risk management, safety/security, maintenance, marketing, landscaping, snow removal, tenant build-out and other shopping center operations.
Develop operating income/expense budgets and capital budgets that reflect the owner's objectives for operating the property, cash flow requirements and leasing strategy. Prepare this document to be used as an ongoing accounting reporting tool. Further accountability includes administration of budgets, operational review and analysis of corrective action needed. Recommend and implement programs that contribute to center profitability.
Analyze and distribute monthly financial statements including operating variances from budget, cash management and strategies for collection of receivables. Verify CAM cost documentation and prepare center information sheets detailing annual estimated CAM cost and previous three year actual CAM costs.
Administer leases on each project including promptly evaluating new leases, reviewing all tenant billings, analyzing lease clauses, preparation of vacancy reports, enforcing tenant compliance and performing landlord obligations. Identify leasing prospects and occasionally respond to routine leasing inquiries. Interface with leasing representatives/brokers and assist to assure spaces are leased/re-leased promptly.
Bid work for tenant improvement. Keep accurate records of current space conditions including roof, HVAC, utilities and special circumstances. At all times keep the space in condition to show.
Maintain complete and accurate property files and records, according to department systems, with an emphasis on documentation for future reference. Coordinate with headquarters support staff on management company procedures for processing and distributing information. Provide prompt, detailed and accurate general status reports on all properties assigned.
Coordinate collection and documentation of all revenues following lease obligations of tenants and the owner's policy on accounts receivable. Collect delinquent accounts promptly. Communicate with accounting department to ensure accuracy of rent roll and accounts receivable.
Engage, contract, supervise and approve invoices for all goods/services required to maintain the properties up to company and owner standards. Develop a network of emergency services and be available for 24 hour per weekend coverage as required. Supervise on-site maintenance mechanics, if utilized at assigned properties. Develop specifications and continually evaluate service needs and performance in all areas of maintenance and management. Forecast and manage replacement of major capital expense items including HVAC system, roof systems, parking lot surfaces, etc.
Manage tenant relations and coordinate requests for repairs and maintenance, understanding of rent charges, lease issues and other tenant concerns. Assist in managing tenant "fit-up" work, as needed or assigned. Represent ownership at promotional meetings of merchants. Complete regular retail sales analysis to assure thorough information on center sales and accurate, timely overage billings.
Liaison with other disciplines/departments within the company to provide a team approach to the management of real estate. Coordinate the activities not directly controlled by the manager but directly related to each property i.e.: production of sales statements, insurance monitoring, leasing, marketing and promotions, capital improvements, accounting/financial reporting and legal services.
Establish and maintain collaborative working relationships between departments, with coworkers and particularly with other members of a project team. Prepare for team meetings, in advance, and act as chairperson for the meeting.
Keep abreast of new technologies, systems and procedures related to property management.
Candidates must be well versed in Section 42 and Section 8 housing and HUD regulations. Proficiency in financial reporting and planning, supervision of maintenance and office personnel, landlord/tenant relations, collecting and depositing rent payments, financial analysis, and processing re-certifications. Previous property management experience with Section 42 and HUD Section 8 is required. Thorough knowledge of Microsoft Word and Excel and OneSite Leasing and Rents. This position requires an ability to work both independently and as part of a team, multi-task, meet deadlines, and provide strong customer service. The ideal candidate will have industry certifications and possess 7 years of experience.
Cardinal Capital Management, Inc. is a national housing developer based in Milwaukee, Wisconsin with more than 8,500 units of housing across Wisconsin, Iowa, Colorado and Arizona. We work closely with clients and partners to create housing and provide services that meet the needs of our residents.
IREM encourages diversity. We welcome individuals of all races, genders, creeds, ages, sexual orientations, national origins, and individuals with disabilities. Our organization strives to provide an equal opportunity environment among its members, vendors, and staff. Click here to learn more.