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Property Manager

Wistar Group Lincoln, NE
  • Posted: over a month ago
  • $35,000 to $55,000 Annually (plus commission)
  • Full-Time
  • Benefits: Vision, Medical, Life Insurance, 401k, Dental

Name of Team Member:

Reports to:

Vice President Property Management

Direct Reports are:

Assigned aPM(s)

Software Permissions (Roles):

Inspector

Property Manager

Compensation:

Base pay: $35,000 - $55,000per year salary

Bonus: Based on profitability of department

Income goal: $50,000 - $85,000


Task

Measurement

Market rents

Ratio GPR vs Actual

Manage portfolio to property budgets

Attainment of financial objectives per budgets

Manage collections

95% collected by end of month

Monitor & manage service issues

No over budget or overdue issues

Manage & monitor turnover projects

< 10 units in Turnover status

Learning best practices for the industry

CE credits, attendance at IREM and Apartment Association meetings, events.

Regular meetings with investors

5 or more per month. Logged meetings ANALYSIS: Management

Meeting format: Use Traction Level 10 PM team meeting format

Monitor building performance

Financial reports, Scorecard

Work order Billing Review

All billing kept up to date, 0 SI’s in queue by day’s end.

Grow portfolio

Rent roll growth 10% per year

Regular property visits/updates

Inspection module filtered list by inspector

5 per week, documented with rmInspection reports

Overdue deposit refunds

0



How role is monitored:

See above

How does this role interact with Rent Manager to complete the tasks they are charged with:

  • Service Issue module

    • Service Dept

      • Set Scope

      • Out of Scope

    • Projects module

      • Time off market

      • On budget (OoS)

  • Tenant module

    • Collections activity

  • Report module

  • Inspections module

  • rmAppSuite

  • Vendor module

    • Ensure proper assignment of properties are associated with your portfolio

How is this role measured:

See above

How this role manages direct reports

Assistant Property Managers (aPM’s) will manage the same activities the PM is responsible for. When something requires the attention of the PM it will be designated as such. PM will have tasks and measurables for each assistant.

Turnover staff will take direction from the PM via issue and inspection assignments.

Daily checklist

  • Tasks list

  • Set scope <5

  • Inspections listing

  • Turnover management

  • Projects underway

  • Lease renewals

  • Sign leases/renewals

  • Process SI billings in review <0

  • Process Tenant Charge SI’s

  • Process security deposits

  • Enforces lease policies

Weekly checklist

  • Manage portfolio cash flow

  • Bill pay - pay bills (Thursday)

    • Verify cost allocations

    • Cash availability

  • Scorecard data

  • Market rent review

  • Action plan for > 21 day list

  • Collections activity

  • Budget Time (strategic thinking, implementation and follow up on at least 1 property). Reports sent to owner.

Monthly checklist

  • Owner batch reports

  • On budget : Budget vs Actual report

  • Monthly performance review w/ President (from huddle and budget).

  • Property Manager retreat and action plan development/management

  • Manage and Develop processes and procedures

  • Market Rent analysis (H/N category = ANALYSIS: Leasing)

    • Filter: Based on lease expiration

    • Doubles as the Lease Renewal decision

  • Regular meetings with investors

Annual checklist

  • CE coursework completed (some every year)

  • Send 1099-MISC to owners (first week of February)

Skills and Qualifications

Motivation for Sales, Meeting Sales Goals, Negotiation, Selling to Customer Needs, Territory Management, Closing Skills, Prospecting Skills, Professionalism, Internal Communications, Listening, Communication Processes, Customer service

Education

A high school diploma is enough to get your foot in the door at some places, but a bachelor's degree or vocational real estate training is preferred. Degrees in business administration, finance, real estate or similar are very helpful.

It is also very useful to have experience in real estate sales, as you might need to work with potential renters or buyers. If you sell property, you will need a real estate license.

Wistar Group

Why Work Here?

Fantastic Company, Great opportunities for advancement and Independent work environment

Wistar Group is a Real Estate Broker specializing in property management. We manage over 1200 units throughout the Omaha metro area. Please visit our website wistargroup.com for more information

Address

3219 Leavenworth
Lincoln, NE
USA

Website

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