Assistant Property Manager (Commercial)

Stream Realty; Chicago (IL); On-site; USD 55,000 - 75,000; Full time

Benefits offered by this job

Bonuses

Medical/Dental/Vision Insurance

Pharmacy benefits

Health Savings Account (HSA)

Flexible Spending Accounts (FSA)

401(k) with company match

Paid Time Off

Holiday pay

Job summary

Stream Realty Partners in Chicago is seeking an Assistant Property Manager to support a portfolio of commercial properties. You will assist the Property Manager with building operations, tenant relations, vendor management, and financial reporting to help maximize asset value.

The role requires 2+ years in commercial property management, strong communication skills, and proficiency with real estate software. Bachelor’s degree preferred.

Qualifications

• Bachelor's degree preferred in a relevant field.
• 2+ years experience in commercial property management.
• Strong communication with tenants and vendors in a professional setting.
• Experience with real estate software (Yardi, MRI, Kardin, AvidXchange, IMPAK or similar).
• Basic accounting knowledge.
• Proficiency with Microsoft Excel and Word.
• Good organizational skills and ability to multitask.
• Alignment with Stream’s core values: Smart, Honest, Nice, and Passionate.

Responsibilities

• Assist with building operations issues alongside Property Managers.
• Coordinate with vendors to ensure service contract compliance.
• Prepare and review monthly reporting packages and financial reports.
• Assist with annual operating and capital budgets and expense reconciliations.
• Support tenant relations and respond to inquiries in a timely manner.
• Process invoices and maintain accurate coding and AR guidelines.
• Assist in planning tenant events and coordinating management tasks.

Skills

Verbal communication

Written communication

Organization

Multitasking

Excel

Word

Education

Bachelor's Degree

Tools

Yardi

MRI

Kardin

AvidXchange

IMPAK

Job description

Founded in 1996, Stream Realty Partners (Stream) began with a vision. Not one focused on bricks and mortar, but with people at its foundation. Headquartered in Dallas, TX and operating in core markets coast to coast, we complete billions in annual transactions in office, industrial, retail, healthcare, land, and data center properties. With millions of square feet of assignments, Stream is one of the fastest-growing, full-service commercial real estate services organizations in the country. Our team of talented individuals have come together to create our distinct culture, best summarized by our firm’s core values: smart, honest, nice, and passionate. For more information, visit www.streamrealty.com and follow Stream on LinkedIn ,Instagram ,X andFacebook .

IMMEDIATE IMPACT. MEANINGFUL CAREER.

At Stream, we know our success begins and ends with our people. It is the reason we work hard to attract and retain the best and brightest talent. From day one, you will be an integral member of our high-caliber, collaborative team. We will empower you to apply your energy, expertise, and creativity to meet our client’s needs while instilling you with unsurpassed market knowledge and development opportunities to succeed. When you join Stream, you won’t simply start a new job—you will build a meaningful and impactful career.

Job Description

POSITION OVERVIEW

The Assistant Property Manager provides first-class property management services and assists a Property Manager in overseeing a portfolio of commercial properties. Day-to-day responsibilities include assisting with issues regarding building/property operations, enhancing tenant relations, vendor scheduling, and customer service.

PRIMARY RESPONSIBILITIES

• Work with Property Managers to resolve building operations’ issues.
• Work closely with vendors to ensure compliance with service contracts.
• Recommend and/or complete vendor contracts as appropriate.
• Ensure adherence to property owners’ policies and procedures, as well as compliance with codes, regulations, and governmental agency directives.
• Answer office telephone as required and assist callers.
• Receive work order requests and coordinate with the building technician or vendor(s) as appropriate.
• Schedule building activity, including move-ins/move-outs, and verify insurance.
• Follow established A/R guidelines, including contacting tenants regarding follow-up on rent payment status and assisting the Property Manager in lockouts, assigning late fees, or sending demand letters as necessary.
• Review and ensure the accurate coding of invoices for payment.
• Assist Property Managers in the preparation of the monthly reporting package/financial reports according to the owner's needs.
• Assist Property Managers with the preparation, assembly, review, and implementation of the annual operating and capital budgets, as well as operating expense reconciliations.
• Assist the Property Managers as appropriate in coordinating insurance procurement, electricity procurement, and real estate tax review processes for properties.
• Ensure compliance with management agreements.
• Work with the Property Managers to facilitate accounting, leasing, marketing, and construction needs.
• Understand lease types to assist the Property Manager with ensuring Lease compliance.
• Process Tenant billbacks expenses.
• Assist in the response and resolution of after-hours emergency calls as needed.
• Assist in planning and executing tenant events with the management team.

Qualifications

• Bachelor’s Degree preferred.
• 2 years plus experience in the Commercial Property Management industry preferred
• Strong verbal and written communication skills; prior experience communicating with tenants and/or vendors in a professional, courteous environment
• Previous experience using real estate software (Yardi or MRI, Kardin, AvidXchange, IMPAK, or similar programs)
• Basic accounting knowledge and skills
• Good organizational skills
• Ability to multitask
• Proficiency with Microsoft Excel and Word
• Desire and ambition to learn and grow in Stream’s property management department
• Attributes which align with Stream’s core values of Smart, Honest, Nice, and Passionate

Additional Information

Stream is an equal-opportunity employer and does not discriminate on the basis of ethnicity, race, religion, sexual orientation, gender identity, age, national origin, disability, military status, or any other reason prohibited by law.

Stream Realty Partners offers competitive salaries, bonuses, medical/dental/vision insurance, pharmacy benefits, health savings account, flexible spending accounts, 401(k) plan with company matching, PTO, and holiday pay. Individual compensation packages are based on various factors unique to each candidate, including skill set, experience, qualifications, location, and other job-related reasons.