Multifamily Pricing Analyst

Afton Properties, Inc. is a full-service Real Estate Management Company. Our hands-on ownership and management style, paired with our knowledge of industry standards and operations standards, has allowed us to grow significantly since the corporation's birth. One of our highest priorities is for our tenants to live in healthy and safe environments and receive the individual attention and focus they deserve. Our long-term vision leads us to prioritize our property's upkeep and maintenance to ensure our residents feel pride in residency. To attain these standards for the tenants and owners, we require employees committed to working with the highest standards in their work ethic.

The Multifamily Pricing Analyst is responsible for analyzing market trends, competitor pricing, and property data to determine optimal rental rates for multi-family residential properties, ensuring maximum occupancy and profitability by utilizing data-driven insights to set competitive pricing strategies across a portfolio of apartments, while collaborating with asset management teams to optimize revenue generation and investment returns. 

Compensation: This is an hourly position with a $130K - 150K annualized compensation.

Job Description

• Market Research: Conducting in-depth analysis of local market conditions, including vacancy rates, absorption trends, comparable rents, demographics, and economic factors to inform pricing decisions.
• Competitive Analysis: Monitoring competitor pricing strategies, identifying opportunities to differentiate and maximize revenue based on unique property features and market positioning.  
• Financial Modeling: Building and maintaining complex financial models to forecast revenue, occupancy, and profitability based on different pricing scenarios.  
• Rent Roll Analysis: Reviewing lease expirations, tenant turnover, and lease renewal data to identify potential pricing adjustments and optimize lease renewal strategies.  
• Pricing Strategy Development: Implementing data-driven pricing strategies including dynamic pricing, tiered pricing, and promotional offers based on market conditions and property performance.  
• Reporting and Analysis: Generating comprehensive reports on property performance, including occupancy rates, average rent, revenue trends, and key metrics to inform decision-making.  
• Collaboration with Operations: Working closely with leasing teams, property managers, and asset managers to communicate pricing strategies, address market concerns, and optimize leasing efforts.  
• Data Management: Maintaining accurate and up-to-date property data within the company's systems, including unit details, lease terms, and market information.  

Qualifications

• Bachelor's degree in Finance, Real Estate, Economics, or a related field. 
• Strong analytical skills with proficiency in data analysis tools (Excel, Power BI, etc.)  
• Understanding of the multifamily real estate market, including local regulations and trends. 
• Experience with financial modeling and forecasting techniques.  
• Excellent communication and presentation skills to convey complex data insights to stakeholders.  
• Ability to work independently and collaboratively within a team environment. 

Typical Work

Environment/Conditions: 

• The Multifamily Pricing Analyst will be moving around, visiting different locations, and in a sedentary position while working on applications and files. 
• The Multifamily Pricing Analyst will typically work full-time. 
• The Multifamily Pricing Analyst may need to attend events or meetings outside of regular business hours. 

Essential Functions/Physical Requirements: 

• The Multifamily Pricing Analyst may need to lift and move boxes or other items weighing up to 25 pounds, such as promotional materials or office supplies. 
• The Multifamily Pricing Analyst may need to sit at a desk, walk around, stand while attending to guests and tenants, lift lite object such as small boxes, files, and other office function supplies. 

Equipment Used: Standard office equipment. Other equipment as needed.

Scheduling

• Employees will be working 5 days a week: Monday - Friday 9:00 am - 5:00 pm

Benefits

• Medical, Dental, and Vision options with Employer Contribution.
• 401K Matching: Eligible after 30 days of employment.
• 20% Rental Discount: Eligible to qualified full-time employees after 6 months of employment.
• Paid Vacation.
• Paid Sick Leave: 56 hours of sick leave.
• Paid Holidays: New Year's Day, MLK Day, Presidents Day, Memorial Day, Independence Day, Labor Day, Veterans Day, Thanksgiving Day and the day after, Christmas Eve, Christmas Day and flexible Birthday Holiday.

Afton Properties, Inc. is a full-service Real Estate Management Company. Our hands-on ownership and management style, paired with our knowledge of industry standards and operations standards, has allowed us to grow significantly since the corporation's birth. One of our highest priorities is for our tenants to live in healthy and safe environments and receive the individual attention and focus they deserve. Our long-term vision leads us to prioritize our property's upkeep and maintenance to ensure our residents feel pride in residency. To attain these standards for the tenants and owners, we require employees committed to working with the highest standards in their work ethic.

Salary : $130,000 - $150,000