Lease Up Specialist

Pennrose; United States; On-site; USD 65,000 - 70,000; Full time

Job summary

Pennrose is seeking a Lease Up Specialist to lead the initial lease-up of new properties. Working with the stabilized management team, you will oversee onsite applications, lease execution, and file setup to meet program requirements.

The role requires coordinating with Compliance and Yardi, communicating lease-up status across marketing, development and IT, and traveling between properties to drive occupancy and rental income.

Qualifications

• High School Diploma or higher strongly preferred.
• Four years of increasing property management responsibilities preferred.
• Knowledge of affordable and market rate housing; lease-up experience is a plus.
• Industry training credentials for rental housing programs are desirable.
• Requires a valid driver’s license, insured vehicle, and ability to travel between properties.

Responsibilities

• Lead onsite application and compliance processes to achieve full occupancy.
• Collaborate with marketing, development, IT and operations to communicate lease-up status.
• Manage pre-lease through substantial completion of lease-up activities.
• Ensure accuracy of tenancy files and audits in coordination with compliance and Yardi.
• Support training and development of onsite staff through Pennrose Academy.

Skills

Property management

Leadership

Customer service

Travel readiness

Education

High School Diploma

College degree

Job description

The Lease Up Specialist ("LUS") will be a part of a dynamic team responsible for initial lease up of new Pennrose properties. The LUS will work alongside the stabilized property management team, as well as other LUS team members, to ensure efficient and effective lease up of new properties. The position requires leadership over the onsite application and compliance processes, excellent customer service to new and existing residents, and ability to adeptly manage multiple asks effectively, efficiently and accurately. The LUS role will be engaged at a property from pre‑leasing through the substantial completion of a lease‑up process, at which point they will leave the in‑place stabilized operations team and move onto the next lease‑up project.

With expertise in the Pennrose leasing process, the LUS will be skilled in the technological platforms upon which the lease‑up process relies. The LUS will not only ensure that applications and leases are completed, but will work alongside Compliance and Yardi to set up resident files, first‑year tax credit files, and complete first‑year file audits. The LUS will also interact with internal departments including marketing, development and IT to ensure efficient communication of lease‑up status and challenges.

The LUS will relentlessly pursue full occupancy and optimize rental income following program requirements / market conditions thus being a responsible steward for the success of each property. The LUS will successfully work as part of the overall lease‑up team to hit all important targets such as tax credit guarantees, developer fees, financial installments, breakeven, conversion, etc.

The Lease Up Specialist will demonstrate professional leadership and will support the development and training of those onsite and will diligently pursue their own professional development by fully utilizing the Pennrose Academy.

The Lease Up Specialist will report to the Regional Transition Manager.

Pay Range - $65,000 - $70,000 + bonus

#IND123

Performance Metrics

• Developments will successfully meet all aspects of the lease up budgets
• Developments will successfully meet all development deadlines & targets; when this is not feasible for construction related reasons, damage will be mitigated
• Developments will be successfully stabilized in conjunction with the Operations team
• First Year File audits will be successfully accepted by investor/state angecies with no more than one round of corrections
• Property will not experience insurance claims due to neglect on the part of staff
• Resident/Applicant satisfaction surveys will yield consistently positive results

Required Education and Experience

• High School Diploma / College degree a plus
• Four years of increasing property management responsibilities preferred
• Knowledge of both affordable and market rate housing. Lease up experience a plus.
• Industry training credentials which authenticate understanding of rental housing programs
• Requires a valid driver’s license, an insured vehicle, and the ability to travel (between properties)

Working Conditions

• Ability to work periodic flexible hours is required.
• Ability to travel by plane, train and automobile is required.
• Ability to work at property locations within or near transitional neighborhoods
• Ability to climb stairs, take elevators, bend, squat and reach overhead.
• Ability to travel by car, train, plane or bus 75% - 90% of the time.