THE OPPORTUNITY: FLOATING GENERAL MANAGER REPORTS TO: DIRECTOR / VP, REGIONAL OPERATIONS THE ... Overall responsibility for the financial success of the property, including budgeting, forecasting ...
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THE OPPORTUNITY: FLOATING GENERAL MANAGER REPORTS TO: DIRECTOR / VP, REGIONAL OPERATIONS THE ... Overall responsibility for the financial success of the property, including budgeting, forecasting ...
Floating Property Manager information
What are the key skills and qualifications needed to thrive as a floating property manager, and why are they important?
To thrive as a Floating Property Manager, you need a solid understanding of property management, leasing practices, and local housing regulations, typically supported by experience or a relevant certification. Familiarity with property management software (such as Yardi or AppFolio) and maintenance tracking systems is often required. Strong organizational skills, adaptability, and effective communication enable you to manage multiple properties and interact with diverse tenants and staff. These skills ensure seamless operations, high tenant satisfaction, and the ability to quickly adapt to varying property needs.
What are some unique challenges faced by a floating property manager compared to a site-specific property manager?
As a Floating Property Manager, you will frequently move between different properties, each with its own team, residents, and operational procedures. This requires strong adaptability, quick learning, and excellent communication skills to effectively manage diverse expectations and quickly resolve issues in unfamiliar environments. You'll often need to build rapport rapidly with new staff and residents while maintaining consistent property standards. This dynamic work structure can be both rewarding and challenging, providing exposure to various property types and management styles, which can accelerate your professional growth.
What is a floating property manager?
A Floating Property Manager is a real estate professional who temporarily manages multiple properties or apartment communities as needed, rather than being assigned to just one location. They fill in for regular property managers who are on leave or when a property is in transition. Their duties often include overseeing maintenance, handling tenant concerns, leasing units, and ensuring the property runs smoothly during their assignment. Floating Property Managers need strong adaptability and broad property management experience to quickly adjust to different properties’ unique needs.
What is the difference between Floating Property Manager vs Leasing Agent?
| Aspect | Floating Property Manager | Leasing Agent |
|---|---|---|
| Credentials | Real estate license, property management certification | Real estate license, leasing certification |
| Work Environment | Oversees multiple properties, flexible locations | Primarily works at leasing offices or on-site at properties |
| Employer & Industry | Property management companies, real estate firms | Real estate brokerages, property owners |
| Search & Comparison Intent | Managing multiple properties, overseeing operations | Finding tenants, leasing units |
The Floating Property Manager and Leasing Agent roles both require real estate credentials and work within the property management and real estate industries. However, the Floating Property Manager typically oversees multiple properties across different locations, focusing on operational management, while the Leasing Agent primarily handles tenant leasing processes at specific properties. Understanding these differences helps job seekers identify the right role based on their skills and career goals.
How much does a floating property manager make?
A floating property manager typically earns between $50,000 and $80,000 annually, depending on experience, location, and the size of the property portfolio managed. They often require strong organizational skills and knowledge of property management software. Compensation may also include bonuses or commissions based on performance.
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Full-time
Re-posted 6 days ago
Job description
THE OPPORTUNITY:
FLOATING GENERAL MANAGER
REPORTS TO: DIRECTOR / VP, REGIONAL OPERATIONS
THE COMPANY:
Passion Drives Performance. InnVest succeeds because our people love what we do. Our entire team shares a deep-rooted passion for the world of hospitality & travel that extends far beyond the walls of our offices and hotels.
Our company culture is built on collaboration. A nimble team where everyone has a voice at the table and an opportunity to pursue their passions. Our skill sets are as diverse as our portfolio, but we all have a singular focus: a belief that partnerships deliver the best results, an entrepreneurial approach to decision making, respect for others, a strong sense of integrity and a curiosity to challenge the status quo.
With over 100 hotels in our portfolio, representing 18 internationally recognized hotel brands, InnVest is the largest independent owner of hotels in Canada. In addition, our management team oversees the day-to-day activities of almost 90 hotels also making InnVest the largest independent operator of hotels in Canada. InnVest’s portfolio is geographically diverse with hotels from Vancouver, BC to Corner Brook, NL but also experientially diverse from roadside inns to luxury urban properties.
At InnVest, our mission is simple – to deliver outstanding guest experiences and superior returns on quality hospitality investment. A career at InnVest will provide you with unrivaled opportunities and invaluable exposure to Canada’s largest independently-owned and operated hotel portfolio.
THE ROLE:
The Floating General Manager will be given short-term assignments across the IHML portfolio. When assigned to a location, the Floating General Manager assumes the full duties of a General Manager. As interim leader of the hotel, this position requires a commitment to managing the overall operations of the hotel with primary responsibility to recruit, direct and manage the hotel team, day to day administration, generate revenue, control expenses, maximize profitability, deliver superior customer service and maintain a quality product while ensuring 100% compliance with all IHML policies and procedures and brand standard requirements and all metrics.
The Floating General Manager is required to travel 90% of the time, including overnights for the duration of the assignments.
ACTIVITIES:
The duties and responsibilities of a Floating General Manager include, but are not limited to the following:
- To manage all aspects of the business.
- Overall responsibility for the financial success of the property, including budgeting, forecasting, yield and revenue management. Develop, prepare, execute and achieve financial goals.
- Manage all sources of revenue. Maintain fair market share. Focus would be maintaining established cost and quality standards, maximizing profits, developing and retaining employees and exceeding guest expectations.
- Responsible for the development and execution of business plans, including sales & marketing plans.
- Determine the Hotel’s pricing strategy as it relates to room inventory and anticipated market segment mix in order to exceed market-share occupancy at better-than-market yield ratio.
- Leadership and management of all departments and employees. Oversee day-to-day operations. Control purchases and inventories.
- Represent the hotel in appropriate hotel, tourism and business associations. Responsible for strong community involvement.
- Create an environment that ensures 100% Guest Satisfaction.
- Communicate, promote, implement and maintain all Brand and management group policies, procedures and standards throughout the hotel to both employees and guests.
- Ensure that all appropriate systems and controls are in place to produce accurate monthly financial reports that clearly explain operational effectiveness, trends and variances and is aware at all times where the hotel stands against budget.
- Maintain product and service quality standards by conducting ongoing evaluations and investigating complaints. Initiates corrective action when required.
- Recruit, supervise, coach, discipline and evaluate direct reports.
- Protect the hotel and its assets through enforcing and maintaining a preventive maintenance program, resulting in employee and guest safety, orderly operations, good appearance, compliance with brand and legislative standards.
COMPETENCIES WE ARE SEEKING:
- Minimum 5 years hospitality managerial experience
- Proven leadership, entrepreneurial and decision-making skills
- Ability to interact and coach all levels of management & staff in a professional manner
- Experience in staff management: recruitment, training & motivation
- Background in the development & execution of business, marketing & sales plans & operating budgets
- Proven track record in revenue management, exceeding market share and sales targets
- Above average proficiency/familiarity with computerized systems
- Ability to work within deadlines
- Familiarity with accounting principles
- Strong financial planning, revenue management and organizational skills
- Ability to analyze data and establish appropriate action plans
- Excellent time management, computational and analytical abilities and keen attention to detail and accuracy
- Candidate must possess the skills and experience to lead a team to consistently deliver exceptional guest service and effectively grow revenues
- Must be a results oriented, hands-on leader with high ethics, personal accountability and a proven track record of being an exceptional communicator, coach and mentor to ensure high performance and superior customer service delivery
- Must be Bilingual, French/English
Travel Demands:
- Must be able to travel 90% of the time, including overnights for the duration of assignments.
InnVest Hotels is an inclusive employer. As such, we welcome and encourage applications from people with disabilities. Accommodations are available on request for candidates taking part in all aspects of the selection process. We appreciate all applications, however only those applicants selected for an interview will be contacted