Multifamily Asset Manager - Los Angeles, United States - BLVD Capital
2 weeks ago
Description
About the Company:
The Company is a fast growing real estate investment firm focusing on the acquisition, asset management and redevelopment of affordable multifamily housing nationwide, as well as value-add and distressed real estate in select markets.
We are a meritocracy, with a firm belief in rewarding individuals purely based on exceptional performance and contributions to the team to further the objectives of the Company.
About the Position:
The Multifamily Asset Manager will be responsible for asset managing a portfolio of the Company's nationwide Section-8 and LIHTC properties.
The position is ideally suited for a highly motivated, detail oriented individual with a solid asset management background, and strong work ethic.
This individual should have the desire to be a part of a rapidly expanding company, and work within a team of other highly motivated individuals.
This position will report to the Director of Asset Management.Duties will include:
- Responsibility for overall portfolio management and profitability
- Oversee 3rd party property management firms to ensure optimal property performance through strict systems and controls
- Ensure the oversight and implementation of the property business plan and budget
- Analyze property financials and performance metrics in pursuit of maximizing revenue and minimizing expenses
- Provide recommendations and implement changes for property improvements based on thorough analysis and experience
- Prepare narratives and financials for investor reporting
- Assist in the development and monitoring of strategies to maximize asset values within the portfolio
- Complete property inspections as part of monitoring property performance, management execution and property capital needs
- Negotiate major vendor contracts and pursue portfolio wide expense reductions through vendor bidding
- Problem solve property and portfolio level issues through research, analysis and implementation
- Oversee preparation for HUD REAC inspections
- Implement and monitor capital improvement projects
- Assist in conducting due diligence and financial modeling for new acquisitions and dispositions
Following are the requirements for the position:
years experience in multifamily asset management
- Prefer Section 8 or other lowincome experience, but not required
- Bachelors degree (prefer real estate, business or finance)
- Excellent MS Excel skills
- Strong management skills, with an ability to work independently and multitask
- Highly motivated, with a positive "can do" attitude
- An analytical approach with a results oriented mindset
- Ability to think like an owner in all decision making
- Entrepreneurial spirit with a willingness to do what is necessary
- Travel to properties across the nation will be required