The position of Asset Manager shall be a full-time position (40 hours/week) and the person holding this position shall be an employee of Real Property Management. Nothing in this description shall preclude the individual holding this position from filling other part-time requirements of Real Property Management.
Skills and Knowledge
- Asset Manager shall have good organizational skills and an understanding of the basic tenets of single-family property operations and tenant relations.
- Asset Manager shall develop a thorough understanding of operational and reporting requirements imposed by Real Property Management and any regulatory agencies that hold an interest in the Project.
- Asset Manager shall have supervision and management skills, and shall have the capacity to providing training in relevant skills to the Property Administrator.
Responsibilities
- Asset Manager shall train and supervise Property Administrator and shall report directly to the Executive Director of Real Property Management.
- Asset Manager shall work with the Property Administrator to develop an Annual Operating Budget for the Project. Such Annual Operating Budget shall include projected sources of revenues, vacancy rates, operating expenses, reserve requirements, debt service, and other expenses associated with the operation of the Project.
- Asset Manager shall review all monthly financial reports prepared by Property Administrator, and shall analyze such reports to anticipate problems with cash flow or overruns and deficiencies within specific categories itemized in the Annual Operating Budget.
- Asset Manager will meet regularly with Property Administrator for the purpose of reviewing policies and management procedures, and discussing problems or concerns related to the Project. Asset Manager will monitor and assure compliance with the reporting requirements of any regulatory agencies and funding sources as outlined in the regulatory agreements with those entities.
- Asset Manager shall work with Property Administrator to make decisions affecting the operation of the property or tenant relations, in cases where other specific methods for such decision making is not stipulated in the tenant lease, Grievance Procedures, or the Management Plan.
- Upon notification by Property Administrator, the Asset Manager shall notify and advise Owner regarding required expenditures that either were not budgeted or would bring the project over budget.
- Upon notification by Property Administrator, Asset Manager shall notify the Owner of the tenant lease term expirations and advise Owner regarding the desirability of granting extensions to the lease terms.
- Asset Manager shall inspect Project upon completion of initial construction, and shall prepare a final punch list for each unit and the common areas.
- Asset Manager shall review and approve the maintenance schedule for Project as prepared by Maintenance Staff.
- Asset Manager shall monitor the receipt of warranties and operating manuals for equipment, fixtures, and other items from general contractor relating to initial construction.
Real Property Management® is the leading property management franchise system with over 300 offices in North America, managing tens of thousands residential homes. If you are self-motivated, reliable, resourceful, and customer-focused, consider joining us. You will be part of a team that shares their expertise and makes each other better, all while earning a competitive wage.
Notice
Property Management Business Solutions LLC is the franchisor of the Real Property Management ® franchised system. Each Real Property Management® franchised location is independently-owned and operated. Employment opportunities throughout the franchised network are listed as a service, so they can be conveniently found by interested parties at one central location for brand management purposes only. The employer for each position listed is the independent franchise owner who posted the position on this website.
- Acknowledgement
I acknowledge that each independent Real Property Management® franchise office hires and determines the terms and conditions of employment for its own employees. Any employment benefits, compensation and employment practices vary by location. Neither Property Management Business Solutions LLC (“Franchisor”) nor its affiliates have the power to: (1) hire, fire or modify the employment condition of franchisee’s employees; (2) supervise and control franchisee’s employee work schedule or conditions of employment; (3) determine the rate and method of payment; or (4) accept, review or maintain franchisee employment records. Property Management Business Solutions LLC is NOT the employer and/or joint employer for: (i) any of the job opportunities listed on this website; (ii) any of the independent franchisees; and, (iii) any of the employees of the independent franchisees.
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