What are the responsibilities and job description for the Property Manager position at Basis Industrial?
Company Overview:
Basis Industrial is a vertically integrated real estate owner and operator formed by industry veterans and sponsors Jay Massirman, Stephen Garchik and Daniel Weinstein. Basis brought Anthony Scavo on as C.O.O. and partner to run day to day activities of the company. It has deep roots in the self-storage and industrial sectors. . BaySpace is the property management arm of Basis. For more information, visit www.basisindustrial.com and/or www.bayspace.com
LOCATION:
I-30 (Ludelle, Blue Smoke, Tillar), 2301-2759 Ludelle Street, Fort Worth, TX, 76105
Responsibilities:
The Property Manager is a key leadership role responsible for overseeing and directing all aspects of property management operations within a company or organization. This position involves managing a diverse portfolio of properties and ensuring their optimal performance, profitability, and compliance with regulations. The Senior Manager will lead a team of property management professionals, collaborate with various stakeholders, and develop strategic plans to enhance the value of the real estate assets under management
- Portfolio Management: Oversee a portfolio of properties, which may include industrial assets and commercial. Develop and execute strategies to maximize occupancy rates, rental income, and property values.
- Team Leadership: Provide strong leadership to the property management team, including property managers, leasing agents, maintenance staff, and administrative personnel. Foster a collaborative and motivated work environment to ensure high-performance levels.
- Financial Management: Develop and manage property budgets, monitor revenue and expenses, and ensure financial goals are met or exceeded. Analyze financial reports and implement strategies to improve profitability.
- Tenant Relations: Oversee tenant relations and customer service initiatives to maintain high tenant satisfaction levels. Address tenant concerns and ensure timely resolution of issues.
- Lease Administration: Review and negotiate lease agreements, ensuring compliance with legal and company requirements. Implement lease renewal and rent increase strategies.
- Property Maintenance: Ensure that all properties are well-maintained and meet the required safety and quality standards. Oversee maintenance activities, repair projects, and capital improvements.
- Compliance and Regulations: Stay abreast of local, state, and federal regulations affecting the properties and ensure compliance with building codes, fair housing laws, and other relevant regulations.
- Vendor Management: Manage relationships with external service providers, contractors, and suppliers. Negotiate contracts and service agreements to optimize cost and service quality.
- Asset Enhancement: Develop and implement strategies to enhance the value of the properties, such as renovation projects, energy-efficient upgrades, and technology integration.
- Reporting and Analysis: Prepare regular performance reports for senior management and stakeholders, including financial metrics, occupancy rates, and property market trends. Use data analysis to identify opportunities for improvement and operational efficiencies.
- Risk Management: Identify and mitigate potential risks related to property management, including insurance coverage, emergency planning, and safety protocols
Qualifications:
- Bachelor's or Master's degree in Business Administration, Real Estate Management, Finance, or a related field.
- Proven experience in property management, with at least 6-10 years of progressive management experience, including experience managing a diverse portfolio of properties.
- Strong leadership and managerial skills, with the ability to motivate and lead a team effectively.
- In-depth knowledge of property management practices, real estate laws, and regulations.
- Financial acumen and experience in budgeting, financial analysis, and reporting.
- Excellent communication and interpersonal skills, with the ability to interact with tenants, stakeholders, and business partners.
- Problem-solving and decision-making abilities, with a focus on finding practical and effective solutions.
- Familiarity with property management software and tools for efficient operations.
- Professional certifications such as Certified Property Manager (CPM) or Real Property Administrator (RPA) are advantageous.
