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Asset Property Manager Jobs (NOW HIRING)

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Property Manager

Oak Brook, IL · On-site

$75K - $85K/yr

The Asset Manager is responsible for the day-to-day management of the property, inclusive of the financial performance as well as ensuring that all operational issues are addressed accordingly. This ...

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Asset Property Manager information

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$35.5K

$94.1K

$164.5K

How much do asset property manager jobs pay per year?

As of Jun 17, 2026, the average yearly pay for asset property manager in the United States is $94,129.00, according to ZipRecruiter salary data. Most workers in this role earn between $74,500.00 and $109,000.00 per year, depending on experience, location, and employer.

How does an Asset Property Manager typically collaborate with maintenance and leasing teams to ensure optimal property performance?

Asset Property Managers work closely with both maintenance and leasing teams to maintain high occupancy rates and ensure properties are well-kept. Regular coordination with maintenance staff helps address repairs promptly, minimizing downtime and preserving asset value. With the leasing team, they strategize marketing efforts, set competitive rental rates, and monitor tenant satisfaction. Effective communication and teamwork across these departments are crucial for meeting financial goals and delivering a positive tenant experience.

What are Asset Property Managers?

Asset Property Managers are professionals responsible for overseeing and maximizing the value and profitability of real estate assets on behalf of owners or investors. Their duties include managing leases, coordinating maintenance, ensuring compliance with regulations, and developing strategies to increase property revenues. They often analyze market trends, handle tenant relations, and prepare financial reports to track property performance. Asset Property Managers play a key role in both the operational and financial aspects of property management.

What is a synonym for the word asset?

In the context of an asset property manager, a synonym for 'asset' is 'resource' or 'benefit,' referring to valuable items or properties managed by the role. These terms highlight the importance of managing and safeguarding valuable physical or financial holdings. Understanding these synonyms can help clarify the responsibilities involved in asset management roles.

What is the meaning of asset?

In the context of an asset property manager, an asset refers to any valuable resource or property owned by a company or individual, such as real estate, equipment, or investments. Managing assets involves overseeing their maintenance, valuation, and optimal use to maximize value and return. Asset management often requires knowledge of financial analysis, property laws, and relevant software tools.

What are examples of assets?

In the context of an asset property manager, assets include real estate properties, equipment, financial investments, and other valuable resources owned by a company or individual. Managing these assets involves tracking their value, maintenance, and utilization to maximize their worth. Knowledge of asset types and valuation is essential for effective property management and financial planning.

What is the difference between Asset Property Manager vs Property Manager?

AspectAsset Property ManagerProperty Manager
Primary FocusMaximizing asset value and investment returnsManaging day-to-day operations of a property
CertificationsReal estate licenses, certifications in property management or real estate investmentReal estate licenses, property management certifications
Work EnvironmentInvestment firms, real estate portfolios, commercial and residential assetsResidential or commercial property management companies
ResponsibilitiesFinancial analysis, asset performance, strategic planningTenant relations, maintenance, leasing, rent collection

While both roles involve managing properties, an Asset Property Manager focuses on optimizing the value of real estate investments and financial performance, whereas a Property Manager handles daily operations and tenant relations. The roles often overlap but serve different strategic objectives within the real estate industry.

What does asset mean in a person?

In the context of an asset property manager, an asset refers to a person who provides valuable skills, experience, or resources that contribute positively to an organization or property. Recognizing individuals as assets emphasizes their importance in achieving operational goals and maintaining property value. Effective management involves leveraging these human assets alongside physical assets for optimal performance.

What are the key skills and qualifications needed to thrive as an Asset Property Manager, and why are they important?

To thrive as an Asset Property Manager, you need a solid understanding of real estate management, financial analysis, and property law, often supported by a degree in business or real estate and relevant certifications such as CPM or RPA. Familiarity with property management software, budgeting tools, and lease management systems is essential. Strong negotiation, communication, and problem-solving skills help you build relationships with tenants, vendors, and owners. These skills ensure effective property operations, maximize asset value, and foster positive stakeholder interactions.
What cities are hiring for Asset Property Manager jobs? Cities with the most Asset Property Manager job openings:
What states have the most Asset Property Manager jobs? States with the most job openings for Asset Property Manager jobs include:

Full-time

Posted 17 days ago


Job description

Position Summary: The incumbent is responsible for the quality of life as well as the physical and financial condition of the assigned property. Responsible for the management of low-income public housing.

ESSENTIAL FUNCTIONS:

  1. Ensuring at least "standard" performance under HUD's Assessment System (PHAS) indicators:
    • Physical condition of the units, buildings and systems;
    • Financial condition of the property;
    • Management performance of the property;
    • Resident satisfaction;
    • Monitoring cash flow at the properties;
    • Confirm daily receipts and make deposits daily;
    • Purchasing goods and services only when needed, when policies have been followed, and when funding permits;
    • Maintaining inventory control of all equipment, materials and supplies assigned to the site;
    • Providing information to the Executive Director, Deputy Executive Director, or other PHA officials as required;
    • Preparing or reviewing HUD financial reports as required
  2. Directing, controlling, monitoring and evaluating the performance of all other site staff in compliance with the Personnel Policy:
    • Organizing, scheduling, supervising and monitoring the quality and quantity of work of the site staff;
    • Working with the Director of HR to recruit, hire, train, supervise, promote/demote, transfer, lay off, and terminate site staff;
    • Enforcing performance standards for all positions supervised, including monitoring performance improvement plans when warranted;
    • Signing off on and maintaining employee time records, leave records, and over-time authorizations;
    • Carrying out progressive discipline when needed;
    • Working with employees to establish performance targets and appraising employee performance at least annually;
    • Training staff as required
  3. Working with residents to ensure that they receive accurate and timely information, opportunities for input, fair hearings on problems, and support for their ideas and activities, including:
    • Attending Resident Council meetings when invited;
    • Supporting Resident Council initiatives;
    • When available, providing funding for Resident Council activities;
    • Meeting with residents on request;
    • Conducting informal hearings on resident grievances;
    • Organizing annual meetings of residents to obtain input on the Capital Plan;
    • Providing Resident Council with timely copies of the Annual Plan, Five Year Plan, and any revisions to policies for review and comment
  4. Taking part in the capital planning and redevelopment process, including:
    • Obtaining recommendations from staff about capital work needed and priorities for such work;
    • Participating in the development of the annual capital plan;
    • Working with the CFP staff in carrying out capital work at the properties (including, for example, obtaining access to occupied units);
    • Inspecting and signing off on capital work at the property prior to final payment of contractors
  5. Supervising day-to-day maintenance of the property, including:
    • Overseeing the development of the annual, monthly and weekly maintenance calendars upon which routine and preventive maintenance activities are scheduled and work orders issued;
    • Supervising, logging, and monitoring the prioritization, assignment, close-out, and quality control of resident maintenance requests;
    • Ensuring 24-hour emergency maintenance service is available;
    • Walking the property daily (rain or shine) to check for skips, curb appeal, hazardous conditions and other needs; inspecting common areas, hallways, community rooms, and interior hallways daily and ensures that work orders are issued to address deficiencies;
    • Inspecting vacant units, assigning make-ready work, tracking make-ready time;
    • Determining when and what residents should be charged for damages and neglect beyond normal wear and tear; Keeping the list of "charges in addition to rent" updated and accurate;
    • Conducting UPCS inspections of each unit, documenting the results and correcting all deficiencies, including workability of smoke alarms;
    • Coordinating with the HUD UPCS inspector to ensure that all units are available for inspection and that all deficiencies noted are corrected within the HUD-specified timeframes
  6. Ensuring prompt leasing of ready units, including:
    • Recommending the opening or closing of the waiting list;
    • Marketing and recruitment of applicants for the waiting list;
    • Assisting applicants in completing applications for public housing;
    • Reviewing applications for completeness, obtaining verifications, determining eligibility, inputting applications to the PHA computer system, establishing applicant files, briefing applicants on requirements for eligibility and for leasing, providing applicants with information on privacy requirements, establishing and maintaining tenant files;
    • Screening applicants for compliance with PHA admissions requirements, documenting and verifying all requirements;
    • Taking appropriate steps to process the move-out of families, processing the security deposit in accordance with Illinois law and PHA policies;
    • Ensuring that the exterior of the property, the route to the unit and the unit itself is clean and attractive prior to showing to a prospective resident;
    • Processing new families, including move-in briefing, move-in inspection, calculation of pro-rated rent, regular rent, collecting security deposit and pro-rated rent, signing the lease, and updating PHA's systems with all required tenant and accounting information
  7. Conducting annual reexaminations and interim adjustments to compute rent timely, accurately and in compliance with Admissions and Continued Occupancy Policy (ACOP) and HUD's Rental Integrity Standards, including:
    • Notifying residents of their upcoming annual reexam 90 to 120 days before the anniversary date;
    • Verifying income and deductions in compliance with HUD RIM standards;
    • Computing rent and determining Utility Allowances accurately;
    • Offering all residents a choice between Income--based and Flat Rents at each Annual Reexamination
    • Notifying residents of rent increases at least 30 days before the recertification date;
    • Documenting all actions properly in resident files; maintaining a high standard of file organization;
    • Performing interim adjustments to rent in accordance with PHA's Lease and ACOP
  8. Enforcing the lease firmly and fairly on all residents, including:
    • Conducting orientations for new residents to familiarize them with lease requirements;
    • Sending 14-day notices for non-payment of rent by the 10th calendar day of the month;
    • Sending 30-day notices for non-payment of charges in addition to rent by the 10th calendar day of the month;
    • Placing a resident who owes delinquent rent or charges on a repayment agreement so long as:
      • The resident is not already on a repayment agreement;
      • The resident pays at least 15 percent of the amount owed at signing;
      • The resident agrees to pay 10 percent of adjustment monthly income on the delinquent balance until paid;
    • Filing a resident for lease termination if the resident
      • Has not paid rent or signed a repayment agreement by the 15th of the month;
      • Has not paid charges in addition to rent or signed a repayment agreement by the 10th of the following month;
      • Has not paid the agreed upon amount under any repayment agreement by the 10th of the month;
    • Processing residents for lease termination when any adult family member, guest or other person under the resident's control engages in:
      • Drug-related criminal activity; or
      • Criminal activity that is a threat to the life, health, or safety of other residents, staff or neighbors of the property; or
      • Alcohol abuse that results in a lease violation
    • Notifying residents promptly, in writing, of any other lease violation, working with them to resolve the violation, and, if they fail to resolve the violation, taking prompt action, up to and including lease termination, for failing to correct the violation;
    • Appearing in court for site evictions and other lease enforcement actions;
  9. Acting as an advocate for residents with education, employment, health, or other non-housing service agencies;
  10. Maintaining adequate systems for resident safety and security, including:
    • Dealing promptly with any hazardous situations to prevent accidents;
    • Enforcing the lease violations of the bans on criminal activity and drug-related criminal activity;
    • Coordinating with local law enforcement to prevent crimes and enforce the law;
  11. Recommending improved operating policies and procedures, including submitting sample wording for such improvements;
  12. Submitting monthly and annual reports to the Executive Director covering such areas as:
    • Property performance under PHAS;
    • Compliance issues if any;
    • Financial management;
    • Crimes and accidents, if any;
    • Personnel problems, if any, as well as staff commendations;
    • Lease terminations, lease enforcement and other resident issues;
    • Annual reexaminations due and completed
  13. Ensures compliance with all applicable policies and procedures of the Springfield Housing Authority
  14. Maintains regular and reliable attendance.
  15. Contributes to team efforts by performing other duties and responsibilities as required or assigned