Property Manager

CORNER MANAGEMENT INC; Royal Oak (MI); On-site; USD 85,000 - 90,000; Full time

Job summary

Cornerstone Michigan Office is seeking a Property Manager to oversee day-to-day management of a portfolio of medical office buildings. The role includes lease administration, CAM reconciliations, budgeting, and reporting to clients.

The ideal candidate has at least 3 years in commercial real estate property management, a real estate license, and strong finance knowledge. Travel to client locations is required as needed.

Qualifications

• Strong knowledge of finance and building operations concepts and processes.
• Ability to analyze, prioritize, and delegate.
• Ability to operate independently and as part of a team.
• Strong verbal and written communication skills.
• Valid driver’s license and ability to travel to client locations.

Responsibilities

• Oversee all lease administration duties.
• Monitor collections and coordinate default proceedings.
• Approve pre-postings for monthly tenant charges.
• Ensure compliance with Property Management Policies, codes, regulations, and directives.
• Develop annual inspection processes and complete property inspections.
• Develop operating and capital budgets.
• Perform CAM reconciliations and ensure smooth recovery.
• Prepare monthly accruals and owner-specific financial reporting.
• Review and approve property rent rolls monthly.
• Bid, negotiate, and manage vendor contracts per requirements.
• Manage tenant move-ins/move-outs and walk suites.
• Coordinate with third-party owners and accounting for reporting.
• Oversee tenant and building construction work for timely completion.
• Foster positive relationships with tenants, vendors, clients and internal teams.

Skills

Finance knowledge

Analytical skills

Teamwork

Verbal communication

Written communication

Driver's license

Willingness to travel

Education

Bachelor’s Degree in Sales, Real Estate, Business Management, or related field

Job description

Job Details

Job Location: Cornerstone Michigan Office - Royal Oak, MI 48067

Position Type: Full Time

Salary Range: $85,000.00 - $90,000.00 Salary/year

Travel Percentage: Up to 25%

Job Shift: Day

Job Category: Real Estate

Principal Objective of Position:

The Property Manager is responsible for the day-to-day management efforts related to a portfolio of on-campus and off-campus medical office buildings. This position is responsible for implementing financial and operational initiatives in accordance with policies and budgets.

Heavy Commercial Real Estate and Commercial Accounting Experience Required.

Essential Functions

• Oversee all lease administration duties.
• Monitor collections and coordinate default proceedings.
• Approve pre-postings for monthly tenant charges.
• Ensure compliance with Property Management Policies and Procedures, codes, regulations, and governmental agency directives.
• Develop comprehensive annual inspection processes for properties; complete weekly, monthly quarterly, and annual property inspections as required for assigned assets, Cornerstone’s best practices, and/or client requirements.
• Develop operating and capital budgets
• Perform CAM reconciliations and ensure smooth recovery process.
• Prepare monthly accruals
• Complete owner specific monthly financial reporting packages
• Review and approve property rent rolls monthly to ensure accuracy
• Bid, negotiate, and manage conformity with vendor contracts in accordance with Cornerstone’s contract requirements and/or client requirements.
• Manage tenant move ins/move outs, walk suites
• Maintain interface with third party owners and accounting team to ensure total contract compliance, including preparation of accurate and timely reporting.
• Coordinate and oversee on behalf of the client, all tenant and building construction work to ensure timely and accurate completion.
• Provide and foster positive relationships with tenants, vendors, external clients, and internal departments.

Other Responsibilities

• Participate in leasing and client term meetings and ensure effective communication between leasing and property management team members to achieve client’s goals and objectives.
• Facilitate quarterly meetings with facility supervisors.
• Other duties as assigned.

QualificationsEducation and Experience Required

• Bachelor’s Degree in Sales, Real Estate, Business Management, or related field.
• Minimum of 3 years’ previous experience in commercial real estate property management.
• Valid Real Estate license or the ability to obtain Real Estate license within 1 year of date of hire.

Knowledge, Skills, and Abilities Required

• Strong knowledge of finance and building operations concepts and processes.
• Ability to effectively analyze, prioritize, and delegate.
• Ability to operate independently and as a member of a team.
• Strong verbal and written communication skills.
• Valid driver’s license and the ability to travel, as needed, to client locations.

Preferred Qualifications

• CAM or RPA designation or currently working toward these designations strongly preferred.

Work Environment

This position works in a corporate office environment. Little to not exposure to outside elements. This position regularly uses standard office equipment, including but not limited to a computer, keyboard, mouse, copy machine, fax machine, etc.