About the Role:
Yokam Asset Management operates furnished shared apartments in Frankfurt on a master-lease model. We secure head leases from landlords, furnish the apartments, and sub-let individual rooms to students and working professionals on fixed-term agreements with all-inclusive rent covering utilities, Wi‑Fi, and regular cleaning services.
We are looking for a Property Operations Executive to own and manage the end-to-end operating cycle of our Frankfurt portfolio remotely in india.
Key Responsibilities:
- Portfolio Expansion & Sourcing: Scout flats near universities, business districts, and transport hubs, ensuring written landlord consent for room sub‑letting.
- Financial Modeling: Build property‑level feasibility models (head rent vs. total room income) targeting a minimum gross margin of 30% to 40%.
- Property Setup & Fit‑Out: Oversee furnishing and fit‑outs for new properties according to standard room/kitchen specifications while staying within budget.
- Occupancy & Listing Management: Manage room listings 60 days prior to tenancy end dates to minimize vacancy gaps.
- Tenant Onboarding & Vetting: Screen applicants (ID, proof of income/enrolment, credit checks, guarantors) and process security deposits.
- Lease & Documentation Compliance: Issue sub‑leases, landlord confirmations, and city registration paperwork while keeping document trackers updated per room.
- Facilities & Maintenance Operations: Manage cleaning schedules, safety protocols, and property maintenance tickets while recording repair cost recoveries.
- Community & Rule Enforcement: Enforce house rules regarding hygiene, heating, ventilation, waste separation, and quiet hours.
- Financial Tracking & Utility Control: Maintain monthly cashflow trackers per property, track net margins, and audit utility bills against baselines.
- Move‑Outs & Settlements: Conduct move‑out walkthroughs against signed inventory protocols and prepare itemised deposit settlements.
Requirements:
- Experience: 3-6 years in property operations, facility management, co‑living, student accommodation, or hospitality operations.
- Financial Accountability: Proven experience managing a cost line, occupancy target, or property P&L.
- Tools & Systems: Advanced proficiency in MS Excel or Google Sheets for cashflow tracking, occupancy logs, and ticket management.
- Vendor Operations: Hands‑on experience coordinating with vendors, contractors, and service providers on SLAs and rates.
- Compliance & Detail: High documentation discipline ensuring signed agreements and verifications are complete prior to check‑in.
Good to Have:
- Prior experience in co‑living, PG, or student housing operations.
- Familiarity with German tenancy practices (sub‑letting consent, deposit holdbacks, Anmeldung support).