Advisory Services: Multifamily Asset Manager - Southfield, MI

B. Riley Financial; Detroit (MI); On-site; USD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a dedicated Multifamily Asset Manager to enhance the performance of distressed properties. This full-time role involves assessing property conditions, coordinating with receivers, and implementing strategies to improve tenant retention and rental income. The ideal candidate will possess a strong background in real estate investment and asset management, with excellent communication skills and proficiency in property management software. Join a dynamic team and contribute to the revitalization of multifamily assets in the Detroit area, while enjoying a competitive salary and comprehensive benefits package.

Benefits

401(k)

Paid Holidays

Vacation

Insurance

Company-Paid Life Coverage

Disability Coverage

Qualifications

• 3+ years in real estate investment or asset management.
• Strong knowledge of multifamily market and legal considerations.

Responsibilities

• Manage distressed multifamily assets during receivership.
• Prepare detailed reports for lenders post-takeover.
• Conduct regular site inspections and improve occupancy.

Skills

Real Estate Investment

Property Management

Data Analysis

Communication Skills

Knowledge of Multifamily Market

Leadership

Education

Bachelor's Degree in Finance

Bachelor's Degree in Real Estate

Bachelor's Degree in Business Administration

Tools

Microsoft Office

Yardi

Job description

Advisory Services: Multifamily Asset Manager - Southfield, MI

Join to apply for the Advisory Services: Multifamily Asset Manager - Southfield, MI role at B. Riley Financial

Overview

B. Riley Advisory Services, a subsidiary of B. Riley Financial (NASDAQ: RILY), offers a range of specialty financial services including valuation, appraisal, asset-based lending, restructuring, forensic accounting, litigation support, and transactional services.

We are seeking a full-time Multifamily Asset Manager with experience in receiverships to work in Detroit, Michigan.

Responsibilities

• Assess potential issues at properties, including site visits to document maintenance and safety concerns.
• Coordinate with the court-appointed receiver to take control of properties, ensure insurance policies are in place, and retain property management.
• Manage distressed multifamily assets during receivership, focusing on resolving deferred maintenance and improving performance.
• Prepare detailed reports for lenders post-takeover, including property condition and operational issues.
• Work with property management to improve occupancy, tenant retention, and rental income.
• Identify capital improvements to maintain property value and tenant satisfaction.
• Conduct regular site inspections.
• Provide guidance to lenders and their counsel regarding property status.
• Develop exit strategies aimed at preparing assets for sale.

Required Skills and Qualifications

• Bachelor's degree in finance, real estate, business administration, or related field.
• 3+ years in real estate investment, property, or asset management.
• Experience as an asset manager or similar role.
• Strong knowledge of the multifamily market, leasing, and legal considerations.
• Data analysis and trend identification skills.
• Ability to lead property management teams.
• Familiarity with receivership procedures and court regulations.
• Excellent communication skills with stakeholders.
• Proficiency in Microsoft Office and property management software like Yardi.

Benefits include competitive salary, 401(k), paid holidays, vacation, insurance, and company-paid life and disability coverage.