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Vest Residential

Property Manager

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Vest Residential

A multifaceted real estate investment, development, and management firm focused on residential properties.

Oversees daily operations, finances, leasing, staff and compliance for an apartment property.
11 days ago ago
Intermediate (4-7 years), Experienced (8-12 years), Junior (1-3 years), Expert & Leadership (13+ years)
Full Time
Virginia Beach, VA
Onsite
Company Size
50 Employees
Service Specialisms
Property Management
Asset Optimization
Resident Experience
Due Diligence Services
Renovation Management
Development Consulting
Sector Specialisms
Residential
Multifamily
Property Management
Asset Optimization
Renovation Management
New Development
Portfolio Growth
Financial Forecasting
Role

Description

financial reporting
budget development
invoice approval
rent collection
market analysis
lease enforcement
  • Completes various accounting, financial, administrative, and other reports and performs other duties as assigned or as necessary.
  • Supervises property staff by interviewing, hiring, orienting, and training employees, and manages their performance in accordance with Company policies, values, and business practices.
  • Identifies areas for improvement and offers suggestions to improve the efficiency, productivity, and profitability of the property.
  • Routine local travel may be required to make bank deposits, attend training classes, or other situations necessary for the accomplishment of some or all of the daily responsibilities of this position.
  • Assists in managing the client/owner relationship by meeting with the owners, conducting property tours, providing updates and information about the property’s performance, and responding to owner requests as needed.
  • Provides input into the development of budget(s) for the property by analyzing and evaluating financial statements, reviewing current and projected marketing information, and accessing operational reports that establish historic and predict performance patterns.
  • Gathers, analyzes, and interprets current market and economic trends that may impact the property and implements short- and long-range marketing and leasing strategies to achieve the property’s occupancy and revenue goals.
  • Approves invoices from vendors, contractors, and service providers for payment by reconciling work performed or products purchased, ensuring validity of certificates of insurance, coding charges to appropriate Chart of Account codes, and managing communication between the vendor/contractor, accounting, and the client/owner as needed.
  • Meets targeted revenues by setting rent rates, ensuring rent and fees are collected and posted in a timely manner, making financial bank deposits, and preparing and reviewing monthly financial status reports.
  • Promotes resident satisfaction and retention by responding to complaints, questions, and requests in a timely manner, and taking appropriate action to resolve and address service issues. Ensures the property’s maintenance team members comply with the Company’s standards with respect to responding and completing resident service requests.
  • Practices proper safety techniques in accordance with Company, property, and departmental policies, procedures, and standards by immediately reporting any mechanical or electrical equipment malfunctions, employee/visitor/resident injuries or accidents, or other safety issues to appropriate individual(s).
  • Controls expenditures by staying within the constraints of the approved budget and manages the balance and maintenance of the petty cash fund.
  • Conducts regular property inspections and takes appropriate actions to ensure that the physical aspects of the property, grounds, buildings, and amenities meet established standards for safety, cleanliness, and general appearance and appeal.
  • Follows established policies and procedures by monitoring and ensuring compliance with regulatory requirements, organizational standards, and operational processes related to property operations, and reporting violations or infractions to appropriate individual(s).
  • Oversees the lease enforcement process by approving prospective resident applications, discounts and renewal leases, conducts periodic apartment inspections, follows proper notice requirements, evicts residents, and imposes and collects late fees and other charges as allowable and stated in the terms of the lease.
  • Keeps abreast of new trends and changes in the industry and area(s) of responsibility by attending internal and external training classes, apartment association meetings, and other events, and accessing other information sources.
  • Assist at other properties when the need arises to include supporting existing team members, training new team members, and identifying challenges while offering guidance and assistance.

Requirements

yardi
one site
spreadsheet
high school
math skills
management
  • Demonstrated mathematical skills necessary to add, subtract, multiply, and divide numbers, decimals, and fractions, and calculate percentages in order to complete financial records, budgets, and other fiscal reporting information.
  • Incumbents must be able to push, pull, lift, carry, or maneuver weights of up to twenty-five (25) pounds independently and fifty (50) pounds with assistance.
  • Demonstrated ability to read, write, and communicate effectively to comprehend and complete legal documents, sell and explain apartment features, and answer questions about the property’s operation.
  • Incumbents must be able to work a flexible work schedule and be available via phone and/or email at all times, except during approved time off.
  • Incumbents must have all licenses and/or certifications as required by State and Local jurisdictions.
  • Incumbents work in an office environment, but also may have frequent exposure to outside elements where temperature, weather, odors, and/or landscape may be unpleasant and/or hazardous.
  • High School diploma, GED or an employment history that demonstrates the application of property management, sales, marketing, and customer service background sufficient to manage the day-to-day operation of an apartment community, resolve customer complaints and issues, complete financial records, documents, and reports, increase sales revenues, and coordinate the word of a team.
  • Demonstrated proficiency in Internet, word processing, spreadsheet, and database management programs in order to complete required reports and employment documents. Strong proficiency in using property management software (preferably Yardi and/or One Site).
  • Incumbents must be able to stand, walk, and/or sit for extended periods of time.
  • Incumbents must be able to physically access all exterior and interior parts of the property and amenities.
  • Incumbents must have valid driver’s license to drive a golf cart on property and ensure all other on-site staff that has access to drive the golf cart also has a valid driver’s license.
  • Demonstrated management and supervisory skills sufficient to hire, lead, direct, evaluate, and manage subordinate and team members, including maintenance specialists.

Benefits

Information not given or found

Training + Development

Information not given or found

Interview process

Information not given or found

Visa Sponsorship

Information not given or found

Security clearance

Information not given or found
Company

Overview

  • Driving transformative change in residential real estate.
  • Building and managing high-quality residential communities.
  • Creating exceptional living experiences for residents.
  • Excelling at acquiring and developing properties in key markets.
  • Specializing in multifamily development and property management.
  • Delivering above-market returns for investors.
  • Improving the quality of life for residents.
  • Committed to excellence and innovative approaches.

Culture + Values

  • Resourcefulness: Take charge mentality; ‘Don’t wait, act.’ Operate with a ‘find a way’ mindset.
  • Intentionality: Strategic connections, lasting impact. Quality relationships over quantity of clients.
  • Connection: Our strength is in bonds we share. United we thrive.
  • Transparency: Accountability in every action. Full accessibility and visibility, no surprises.
  • Innovation: Advanced technology meets thoughtful care. Deliver results with a high touch, high tech approach.
  • Reputation (Ownership): We build trust by respecting each other, residents, and the properties we manage.

Environment + Sustainability

50% Reduction Target
Greenhouse Gas Emissions
The company aims to reduce Scope 1 & 2 greenhouse gas emissions by 50% across its portfolio by 2030.
66% Emissions Reduction
Achieved Since 2019
The company has achieved a 66% reduction in Scope 1 & 2 emissions since 2019 as of 2023.
83% Green Certified
Multifamily Communities
83% of managed multifamily communities are Green Building Certified as of August 2024.
100% Renewable Energy
Electricity Procurement
The company procures 100% of operationally controlled electricity from renewable sources in its wholly-owned portfolio since 2021.
  • EV charging available at 65% of properties, target 100% by 2030.
  • 100% of leases include a Sustainability Addendum as of 2023.
  • Reduced water consumption 3% since 2020; target 20% reduction by 2030.
  • 16.8% of non-hazardous waste diverted from landfill in 2023.
  • Pathway includes measuring/disclosing 100% Scope 1 & 2 and >90% Scope 3 emissions, energy efficiency, renewables, and offsets.

Inclusion & Diversity

51% Female Managers
Management Gender Equality
The company achieved gender equality at the management level ahead of schedule, surpassing the original target for 2025.
20% Spend Increase
Supply Diversity
The company increased its spend with minority and women-owned suppliers by approximately 20% in 2023.
  • Board composition as of mid-2023: 33% female, 44% racially/ethnically diverse
  • Achieved gender equality at management level three years ahead of 2025 goal
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Property Manager at Vest Residential in Virginia Beach, VA