Asset Manager
Skills
About the Role
You'll join the Asset Management team, bringing your analytical and entrepreneurial mindset to help optimize rental properties and maximize returns for investors across varying asset classes. You'll advise property managers at a regional market level on critical decisions throughout the investment lifecycle, including leasing, marketing, renewals, rent recommendations, revenue management, turns, value-add capex, and dispositions. You'll monitor market and investor performance trends to shape strategic company-wide initiatives, maintain and improve financial models, and develop reporting that drives smarter decisions. You'll partner with internal data teams, lead regional market meetings, and advise the buying team on market trends and acquisition opportunities. Occasional market visits will be part of your routine as you help deliver excellent service to institutional and individual investors alike.
Requirements
- 3-5 years of asset management experience of multifamily or SFR properties
- Bachelor's Degree, or equivalent relevant experience required
- Extreme attention to detail with organizational, time management and follow-up skills
- Highly analytical, with strong quantitative skills and mathematical aptitude
- Proficient in Microsoft Excel financial modeling leveraging large datasets
- Experience building ad hoc KPI reports to derive actionable insights
- Strong negotiation skills and an ability to interface with high-level institutional investors
- Ability to manage multiple projects independently while collaborating with cross-functional teams
- Excellent written and verbal communication skills
- Bias toward action; self-driven and intrinsically motivated with ability to prioritize and meet deadlines
- High degree of comfort with change, technology and ambiguity
- Experience working in a high-tempo, high-growth, team-oriented organization
Responsibilities
- Optimize the portfolios of investors
- Partner with internal data teams to create visibility into operational performance
- Derive insights from operating performance aimed at enhancing NOI
- Perform high volume rent underwriting analysis on new and existing portfolio properties
- Provide input on the asset management playbook
- Develop an in-depth understanding of institutional partners and produce outcomes aligned with their goals
- Develop and track budgets and budget to actual trend analysis
- Lead regional market meetings and goal setting focused on occupancy, renewal performance, turn performance, and service trends
- Provide input and development on process SOPs used by cross functional teams
- Monitor the performance of recently acquired assets and influence future acquisitions with data driven insights
- Complete hold sell analysis for low or troubled performing assets on a periodic basis
- Advise the Buying Team on market trends, real estate opportunities and buy box strategies
- Develop and implement inventory and revenue management strategies
- Review and evaluate monthly and quarterly operating performance and make operational recommendations
- Produce financial reports and maintain models for lender tape deliverables
- Monitor Mynd performance metrics and compile and deliver results quarterly to institutional partners
- Maintain broad overview knowledge of major markets to support assessment of property operations and acquisitions
- Conduct occasional market visits
- Complete ad-hoc reporting as needed
Benefits
- Generous PTO Policy
- 13 Paid Holidays
- Volunteer Time Off
- Paid Parental Leave
- 401k Program
- Wellness and home office/cell phone subsidies
- Robust health, dental, vision insurance