What are the responsibilities and job description for the IMG Regional Asset Manager position at Investors Management Group?
Regional Asset Manager – San Antonio
Investors Management Group, LLC
Job Summary:
The Regional Asset Manager is responsible for the successful execution of the portfolio’s financial plans and operating budgets. IMG’s San Antonio portfolio has six properties totaling 1,450 units, and our strategic plan includes growth in the market and in greater Texas.
Who We Are:
Investors Management Group is a privately held real estate investment firm with offices in both Portland, OR and Woodland Hills, CA (www.imgre.com). We specialize in the acquisition and asset management of multifamily properties in select markets across the United States. Our 5,200-unit portfolio is rapidly expanding in the most dynamic cities throughout the country.
Essential Skills:
Financial. Knowledge of key metrics that drive performance numbers, and how they are derived.
Yardi. Knowledge of the technology and the skill to work/train in all modules impacting property performance, vendors, etc.
Leadership. Ability to motivate, set goals, and drive property performance.
Essential Responsibilities:
Oversee operational and financial aspects of apartment communities in San Antonio surrounding area.
- Site Visits.
o Visit each property every 5 – 10 days to ensure physical assets are compliant and operating at optimal performance.
o Prepare inspection evaluations.
o Conduct at least one unannounced weekend visit monthly at all properties.
- Site Teams.
o Source, hire, and train top talent for newly added or open community positions. Develop staff and promote from within when possible.
o Ensure monthly reporting is accurate and timely through Yardi, and accurate lease administration that adheres to local and state legal requirements. Recommend external training resources as needed.
o Maintain open communication flow and provide prompt responses so the Asset Management Department and principals remain informed.
o Proactively build, collaborate, and maintain strong relationships to build consensus among diverse stakeholders.
- Property Performance.
o Achieve occupancy objectives through leasing and resident retention.
o Enhance property value by meeting NOI targets and maximizing revenue.
o Analyze monthly financial performance, rent variations; Execute expense control and prudent purchasing processes.
o Maintain thorough market & asset intelligence.
o Ensure approved capital projects are completed expeditiously at high standards and within budget.
o Oversee annual budget process and deliver monthly reports to principals and investors.
o Partner with Marketing Director to execute various reputation management strategies.
o Participate in due diligence for acquisitions, as needed, ensuring smooth transitions that build buy-in, confidence, and immediately meet financial targets.
o Perform additional duties as assigned or necessary.
Job Type: Full-time
Pay: $122,000.00 - $128,000.00 per year
Benefits:
- 401(k)
- Dental insurance
- Health insurance
- Life insurance
- Paid time off
- Vision insurance
Schedule:
- Monday to Friday
- Weekends as needed
Ability to Relocate:
- San Antonio, TX (Bexar County): Relocate before starting work (Required)
Work Location: On the road
Salary : $122,000 - $128,000