Leasing Manager (Residential)

Description

The Leasing Manager-Residential is responsible for the oversight of all residential leasing efforts, marketing and brand positioning of the assets, and maintaining best practices across their respective region related to leasing processes, fair housing, sales procedures, and closing. Also provides oversight over the required reports related to the leasing function for assigned property(s). Mentor Leasing Associates and provides training for new Leasing Associates.

• Maintain approved marketing cost below budget.
• Provides technical guidance and training to other Leasing Associates
• Provide unit turnover or vacant unit capital improvement recommendations to the Residential Area Manager and Property manager to (a) preserve existing rental rates and (b) seek a higher rental rate by recommending unit improvements (e.g., updating appliances, cabinets, etc.)
• Meet or exceed monthly leasing objectives as stated in the operating budget.
• Ensure vacated spaces are prepared in a timely manner for re-leasing and for new development, create a marketing plan with the objective to pre-lease units before all the units are physically complete for all assets within assigned portfolio.
• Perform administrative tasks such as filing and creating files.
• On a monthly basis ensure team is either meeting or calling all expiring residential leases at least 60 days prior to their expiration and ensure all lease expiration notices are sent to tenants at least 30 days prior to the lease expiration date
• Create spreadsheets to track traffic and leasing activity.
• Pivot as needed based on unit availability and submarket trends while maintaining full transparency of these decisions to the Residential Area Manager, Regional Vice President, and Asset Manager.
• Follow procedures and create a system so that on days off other property staff can close a lease or renewal.
• Regularly inspect all residential properties and floor plans to determine asking rent based on the building’s attributes and unit location within the property.
• Manage and approve pricing on a bi-weekly basis for assigned portfolio and hold the team accountable to those rates.
• Manage weekly/monthly submarket rent analysis prepared for each individual asset’s relative comp set and consolidate into report that is shared on bi-weekly leasing calls
• Ensure appropriate lease files with credit check, references, resident profile and correspondence is maintained on a daily basis using CIM Group standard lease folders and lease administration procedures for all assets within assigned portfolio
• Timely execution of leases
• Establish weekly leasing objectives based on foot traffic, marketing print or internet and referrals to meet budgeted monthly objectives for new leases, renewals and appropriate closing ratios for both for all assets within assigned portfolio

Requirements

• Familiar with Fair Housing leasing practices
• REASONING SKILL REQUIREMENTS:
• Accuracy and timeliness of monthly market rent report
• Ability to compute rate, ratio and percent and to draw and interpret bar graphs
• Bachelor’s Degree required
• Familiar with Yardi or similar software application
• Ability to define problems, collect data, establish facts and draw valid conclusions
• Ability to apply common-sense understanding to carry out instructions
• MS Office including Excel, Word, PowerPoint, Outlook
• Ability to effectively present information to visitors, residents, vendors, contractors and other employees of the organization
• Ability to read, analyze and interpret lease agreements, market data, financial reports and/or legal documents
• Adherence to the properties’ approved Unit Pricing Matrix
• Three years’ prior experience working in a residential leasing capacity.
• Ability to respond to common inquiries or complaints from residents, regulatory agencies, other areas of the company, and/or members of the business community
• Ability to determine average rents, monthly occupancy set up bar graphs or pie charts
• Must possess a valid state-issued driver’s license
• Ability to write correspondence and/or reports accurately in a concise and detail manner
• Ability to add, subtract, multiply and divide
• Ability to solve practical problems
• Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference and volume
• Familiar with Nexus Payables or similar software application
• Adhere to LAHD rent control or similar governmental agencies (as required) polices as well as Federal Fair Housing Act to avoid any discrimination or legal issues.

Benefits

*Applicants with disabilities may be entitled to reasonable accommodation under the terms of the Americans with Disabilities Act and certain state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on CIM Group. Please inform our Talent team if you need any assistance completing any forms or to otherwise participate in the application process.

Up to 16 hours of volunteer time off

A variety of Medical, dental, and vision benefit plans

Comprehensive paid time off, including: vacation days, 10 designated holidays, sick time, and bereavement leave

Ongoing professional development programs

Up to 16 weeks of Paid Parental Leave

Wellness program, including monthly and quarterly prizes

401(k) savings plan, with company match

Company paid life and disability insurance

Actual base salary considers several factors including but not limited to geography, job-related knowledge, experience, and budget. The start of the salary range is typically associated with the minimum experience required.

Health Savings Account with a generous employer contribution

Training + Development

Interview process

Visa Sponsorship

Security clearance