Part-Time Commercial Property Manager

CapRock Real Estate; Chicago (IL); On-site; USD 34,000 - 48,000; Part time

Job summary

CapRock Real Estate is seeking a Part-Time Commercial Property Manager to oversee daily operations of a small retail portfolio on-site in Chicago, IL. You will ensure properties are well-maintained, compliant, and tenant-focused.

You will coordinate building services, respond to tenant inquiries, and address maintenance promptly. The role supports lease administration, rent collection, budgeting, and financial reporting while collaborating with vendors, ownership, and the acquisitions team to

Qualifications

• Experience managing a retail or commercial portfolio.
• Knowledge of lease administration and documentation.
• Ability to interpret financial reports and budgets.
• Strong communication with tenants and stakeholders.
• On-site property management experience preferred.
• Relevant CRE experience in multifamily or retail.

Responsibilities

• Oversee daily on-site operations and tenant services.
• Coordinate vendors and building services.
• Respond to tenant inquiries and maintenance requests.
• Assist with lease administration and rent collection.
• Support budgeting, expenses tracking, and financial reporting.
• Collaborate with ownership and acquisitions teams on value-add strategies.

Skills

Property management

Tenant relations

Lease administration

Lease negotiations

Budgeting and reporting

Vendor coordination

Property management software

Microsoft Office

Education

Associate or Bachelor's in Business or Real Estate

Tools

Property management software

Microsoft Office

Job description

Company Description CapRock Real Estate is a vertically integrated real estate investment and management firm with over 18 years of experience navigating complex market cycles. The company has added value to more than 6.3 million square feet of distressed assets for family offices, banks, private investors, and special servicers. CapRock focuses on multi-tenant, “Amazon-resistant” retail centers. The firm aims to quickly stabilize properties, reposition them as needed, and leverage favorable financing conditions to achieve strong cash-on-cash returns for investors.

Role Description The Part-Time Commercial Property Manager will oversee the daily operations of assigned a small retail portfolio, ensuring they are well-maintained, compliant, and tenant-focused. This full-time, on-site role is based in Chicago, IL and involves coordinating building services, responding to tenant inquiries, and addressing maintenance needs in a timely manner. The Property Manager will assist with lease administration and negotiations, monitor rent collections and operating expenses, and support budgeting and financial reporting. The role includes collaborating with vendors and contractors, conducting property inspections, and supporting lease-up and repositioning efforts to enhance asset performance. The individual will work closely with ownership and the acquisitions team to align property operations with CapRock’s value-add investment strategy.

Qualifications

• Demonstrated skills in Property Management, including day-to-day operations, tenant relations, and vendor coordination.
• Experience with Lease Administration and Leases, including documentation, compliance, and record keeping.
• Proficiency in Lease Negotiations, with the ability to support or lead discussions that balance tenant needs and ownership objectives.
• Strong Communication skills, both written and verbal, with the ability to communicate clearly with tenants, vendors, and internal stakeholders.
• Relevant experience in commercial real estate, preferably with multifamily or retail properties.
• Ability to interpret financial reports, manage budgets, and support rent collection processes.
• Comfort using property management software and basic office productivity tools.
• Organized, detail-oriented, and able to manage multiple priorities on-site in a fast-paced environment.
• Associate or bachelor’s degree in business, real estate, or a related field is preferred; equivalent experience will be considered.