Asset Manager

Key Responsibilities • Oversee third-party property management partners and hold them accountable to approved business plans, financial targets, and operational goals.

• Monitor occupancy, leasing activity, renewals, rental rates, concessions, collections, delinquency, bad debt, and unit availability.

• Develop and execute strategies to improve occupancy, accelerate lease-up, and maximize rental revenue while maintaining appropriate pricing.

• Oversee operational and leasing strategy for assets managed directly by the Company.

• Conduct regular property visits and maintain a strong understanding of onsite operations, property conditions, tenant issues, competitive properties, and local market dynamics.

• Review weekly and monthly property management reports and identify operational issues, trends, and opportunities requiring action.

• Lead regular performance meetings with property management and leasing teams, establishing clear action items, deadlines, and accountability.

• Analyze monthly financial statements, including budget vs. actual results, revenue, operating expenses, NOI, cash flow, and key variances.

• Identify opportunities to increase revenue, control expenses, improve operational efficiency, and maximize NOI.

• Oversee CapEx projects, property improvements, unit renovations, maintenance initiatives, and other value-add programs.

• Evaluate rental rates and competitive market conditions and make recommendations around pricing and leasing strategies.

• Develop asset-level business plans and establish measurable performance goals.

• Prepare monthly asset management reports for ownership covering financial performance, occupancy, leasing activity, major variances, risks, and recommended actions.

• Coordinate with Accounting, Finance, Construction, Legal, and other internal teams as needed.

• Support acquisitions, refinancing, lender reporting, valuations, dispositions, and other strategic initiatives.

• Participate in the onboarding, lease-up, stabilization, and ongoing management of new assets added to the portfolio.

• Support refinancing initiatives and the transition of assets to long-term financing structures.

Success in this role will be measured against key asset-level performance metrics, including:

• Physical and economic occupancy

• Leasing velocity and absorption

• Renewal rates

• Effective rental rates and rent growth

• Concessions

• Delinquency, collections, and bad debt

• Revenue and operating expenses vs. budget

• NOI and NOI growth

• CapEx performance

• Unit turns and vacancy

• Property management performance

• Cash flow and overall asset performance

Qualifications • Bachelor's degree in Real Estate, Finance, Business Administration, or a related field.

• 5+ years of experience in multifamily asset management and/or multifamily operations.

• Experience overseeing both stabilized and lease-up multifamily assets.

• Demonstrated experience managing and holding third-party property management companies accountable for financial and operational performance.

• Strong understanding of multifamily operations, leasing, revenue management, property-level financial statements, budgeting, and forecasting.

• Strong financial and analytical skills, with the ability to analyze P&Ls, NOI, cash flow, operating budgets, rent rolls, and variance reports.

• Ability to translate financial and property-level information into actionable strategies and corrective measures.

• Strong leadership, communication, negotiation, and problem-solving skills.

• Highly organized, proactive, and comfortable working directly with ownership and senior leadership.

• Willingness to regularly visit properties.

• Bilingual Spanish speaking.

Preferred Qualifications

• Experience taking multifamily properties through lease-up and stabilization.

• Experience with South Florida multifamily assets and market dynamics.

• Experience with Yardi or similar property management and reporting systems.

• Advanced Excel and financial modeling skills.

• Experience with acquisitions, refinancing, lender reporting, or dispositions.