Property Manager - New Construction/Lease Up
About The Position
Yellow Tree is seeking a Property Manager for a Class-A, market-rate new-construction community in Inver Grove Heights, Minnesota. The Property Manager will oversee day-to-day property operations and lead the community through lease-up and stabilization. The role works with the Leasing & Marketing Manager and Portfolio Manager to set operational goals, guide staff, and develop leasing and stabilization plans. It is not an entry-level position. The Property Manager is accountable for the property's operational and financial performance, resident experience, leasing and marketing efforts, and site-team leadership. The role requires strong multifamily property management experience, leasing knowledge, familiarity with Fair Housing requirements, financial and budget management skills, and proficiency with computer tools and property-management applications.
Requirements
- At least three years of multifamily property management experience.
- Leasing experience.
- Knowledge of Fair Housing regulations and adherence to Fair Housing, Equal Employment, and Equal Housing Opportunity requirements.
- Computer proficiency, including Microsoft Word, Outlook, and Excel, and ability to learn property-management applications.
- Reliable personal transportation and ability to travel between sites.
- Experience managing budgets and financials.
- Proven customer service experience.
- Strong written and verbal communication, organization, interpersonal, follow-up, and teamwork skills.
- Time-management, leadership, strategic-thinking, and problem-solving abilities.
- Ability to pass a background check and drug testing.
Nice To Haves
- Experience managing Class-A or luxury properties.
- New-construction or lease-up property management experience.
- Entrata property-management software knowledge.
Responsibilities
- Oversee day-to-day operations and all property functions, including maintenance, lease administration, budgets, forecasting, reporting, collections, evictions, vacancies, marketing, leasing, renewals, service contracts, cost control, revenue improvement, and capital projects.
- Ensure the property meets ownership expectations and regularly inspect the property and grounds for compliance, appearance, and safety.
- Manage property financial performance and key business metrics, including market comparisons, NOI, resident retention, and occupancy.
- Assist with developing, implementing, and managing annual budgets; maintain and report monthly variances and narratives.
- Communicate regularly with corporate leadership, residents, and ownership.
- Address resident complaints, concerns, and requests, resolving conflicts promptly and following up consistently.
- Deliver customer service that supports resident satisfaction, retention, reputation, and profitability.
- Analyze the sub-market monthly and develop and implement marketing initiatives that drive revenue.
- Plan leasing efforts to fill vacancies and pre-lease future vacancies in line with forecasted goals.
- Lead by example, supervise site-team members' day-to-day work, and provide mentoring, coaching, and guidance.
- Partner with maintenance staff to maintain a safe, well-maintained community.
Benefits
- Medical, dental, and vision coverage.
- 401(k) with company match.
- HSA with company contribution.
- Company-paid life insurance.
- Company-paid long-term disability.
- Three weeks of PTO and 10 paid holidays.
- Professional development.
- Cell phone reimbursement.
- Rent discount.
- Property-management bonus.
- Commission structure for new and renewal leases.
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
