Job Description
Client: Real Estate Developer and Management Firm
Role: Portfolio Property Manager - Residential Properties
Salary: $120,000 - $140,000/annually
Location: New York City (on-site 4 days a week)
Overview: A well-established real estate firm in New York City is seeking an experienced Portfolio Property Manager to oversee a group of 5 - 10 residential buildings, primarily condominiums and cooperatives. This role requires hands-on experience in managing condo/co-op properties, with a strong foundation in financial oversight and board relations.
Responsibilities:
- Manage day-to-day operations across a portfolio of residential buildings, ensuring smooth property performance and resident satisfaction.
- Develop and maintain annual operating budgets for each property, including detailed year-over-year variance analysis.
- Serve as the primary liaison to building boards, attending meetings and providing strategic guidance on property matters.
- Review and interpret governing documents such as proprietary leases, bylaws, offering plans, and master deeds.
- Coordinate with internal teams and external vendors to ensure timely maintenance, compliance, and financial reporting.
- Monitor and report on financial health of each property, including monthly financials, assessments, and capital planning.
- Lead communication efforts with board members (typically 7-13 per building), addressing concerns and presenting financial and operational updates.
Qualifications:
- Minimum of 4-5 years of experience managing condominium and/or cooperative properties.
- Proven ability to manage multiple buildings and unit counts simultaneously.
- Strong understanding of residential property governance and legal documentation.
- Proficiency in budgeting, financial reporting, and variance analysis.
- Excellent interpersonal and communication skills, with experience presenting to boards and senior stakeholders.
- Candidates with exclusive affordable housing backgrounds will not be considered for this role.