Property Manager - Central Avenue Lofts

Be a part of something great and find yourself At Home, At Sherman! We invite you to join our mission of building communities, enriching neighborhoods as a Property Manager at Central Avenue Lofts.

As a Property Manager, you will be accountable for leading the daily operations of the community by coordinating operational activities, leasing and marketing along with a strong focus on customer service and community relations.

Work Location

This position supports Central Avenue Lofts, 66 units of affordable and market rate housing located in northeast Minneapolis, Minnesota.

Schedule & Hours:

• The schedule for this role will be M-F, 8 am - 5 pm.

ESSENTIAL FUNCTIONS

• Takes ownership of assigned properties, acts as the company's primary coordinator to ensure that the company’s goals are fully meet and to exceed contractual property management obligations.
• Directs the day-to-day activities of resident and tenant relations, safety/security, maintenance, marketing, landscaping, inspections, snow removal, and other operations.
• Maintains customer service and excellent relations with residents, resident cooperatives, commercial tenants, outside agencies or vendors and organizations.
• Works on the first and last day of each month until responsibilities are completed; some overtime may be required.
• Performs other tasks & duties as assigned based on business needs.
• Shops comparable projects in the market place monthly.
• Makes appointments, shows apartments, screens applicants, and verifies applications for completion.
• Meets Company benchmarks for occupancy, rent collections and timely compliance paperwork.
• Maintains complete and accurate property files and records, according to department systems, with an emphasis on documentation for future reference.
• Coordinates with Corporate support staff on management company procedures for processing and distributing information.
• Prepares all resident files to include all preparatory paperwork; prepares all move-out materials.
• Ensures compliance with state, federal and local housing laws.
• Complies with all Sherman Associates, agency and city compliance requirements.
• Assists with subsidy administration in accordance with HUD rules and regulations.
• Engages, contracts, supervises and approves invoices for all goods/services required to maintain the assigned properties up to company and owner standards.
• Develops operating income/expense budgets and capital budgets that reflect the owner's objectives for operating the property, cash flow requirements and leasing strategy. Prepares this data to be used as an ongoing accounting reporting tool. Further accountability includes administration of budgets, operational review and analysis of corrective action needed. Recommend and implement programs that contribute to center profitability.
• Analyzes and distributes financial statements including operating variances from budget, cash management and strategies for collection of receivables.
• Coordinates collection and documentation of all revenues following lease obligations of residents/tenants and the owner's policy on accounts receivable. Collect delinquent accounts promptly. Communicates with accounting department to ensure accuracy of rent roll and accounts receivable.
• Produces required volume of work by planning, organizing, and prioritizing work duties.
  • Works designated schedule, and adheres to Sherman Associates attendance policy. Follows grooming and appearance standards, general work rules, and all policies/procedures.
  • Maintains a clean and safe work environment and follows all safety and emergency procedures.
  • Attends all required meetings and training sessions, including travel to corporate headquarters as needed.

• Must be respectful of resident/tenant privacy, including specific commercial tenant needs.
• Works as a team player and interacts with all internal and external customers in a friendly/efficient manner.
• Keeps management informed at all times in the areas of:
  • Resident/tenant complaints
  • Suggestions for improvement of property performance
  • Status of vacancies/projected occupancy
  • Cash flow situation
  • Any legal actions
  • Performance of assigned staff
  • Property conditions that could necessitate action by senior leadership
  • Potential property liabilities or hazards

Supervisory Responsibility

• As applicable, supervises, coaches, directs, trains and evaluates staff; Prepares and conducts employee reviews and completes timecard approvals.
• Supervises on-site maintenance, if utilized at assigned properties. Develops specifications and continually evaluates service needs and performance in all areas of maintenance and management. Forecast sand manages replacement of major capital expense items including HVAC system, roof systems, parking lot surfaces, etc.

MINIMUM REQUIREMENTS

• 1-3 years of industry experience within residential real estate; or an equivalent number of years of education and real estate management experience.
• CRM, CAM, COS, or other related professional certification preferred.
• Proven track record of success in overseeing a portfolio of 50-100 residential units strongly preferred.
• Excellent verbal, written and presentation skills; Ability to communicate effectively with community tenants, vendors / external parties, and across corporate divisions.
• Understanding of Affordable Housing Programs (HUD / WEDA Programs) strongly preferred.
• As applicable, must possess a valid driver’s license, reliable vehicle with insurance and safe DMV driving record.
• A passion for the mission, vision, and values of Sherman Associates.
• Knowledge of Real Page or other related Property Management software (Yardi, Lead2Lease, OneSite Accounting, etc.) strongly preferred.
• Office hours may vary due to the specific needs of the portfolio.

WORK ENVIRONMENT

• This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.
• Exposed to ambient room temperatures, lighting and traditional office equipment found in a typical office environment; quiet to moderate noise level.

PHYSICAL REQUIREMENTS

• The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
• While performing the duties of this job, the employee is regularly required to talk or hear. The employee frequently is required to stand; walk; use hands to finger, handle or feel; and reach with hands and arms.

ADDITIONAL SCREENING REQUIREMENTS

• Must successfully meet criminal background screening requirements for position, including MN statute 299C.67 to 299C.71 (Kari Koskinen Background)

Compensation and Benefits

Pay Range: $50,000-55,000/year + commission/bonus eligibility. Pay is based on several factors which vary based on position; including experience, skills, and knowledge the selected individual is bringing to the specific job.

We offer a comprehensive benefits package to full-time employees which may include:

• Medical, dental and vision insurance plans
• Employer-paid short-term disability
• Employer-paid life insurance
• Additional supplemental insurance policies including: Voluntary Accident & Critical Illness; Hospital Indemnity; Long-Term Disability; Pet insurance
• Employer-paid employee assistance program
• Fully vested 401k company match program
• 9 Paid holidays and competitive PTO program
• Sherman Associates' Starbucks and Hotel discounts

Sherman Associates is an Equal Opportunity and Affirmative Action Employer. We encourage women, minorities, individuals with disabilities, and protected veterans to apply.

This job advertisement is intended to provide information essential to understanding the scope of the position. It is not an exhaustive list of skills, duties, responsibilities or working conditions associated with the position.

Only applicants who complete our online application process will be considered for employment. Applicants that need reasonable accommodations to complete the application process may contact

careers@sherman-associates.com