Asset Manager

Saint Paul, Minnesota, United States


Real Estate Equities is looking for an Asset Manager to join our team!

If you love working for a company that is growing yet treats you like family, this is the place for you!

We strive to do more than provide housing. Through our resident events, Random Acts of Kindness program and charitable contributions we are able to embrace our mission and make an impact in all the communities we serve. If our mission of Providing Housing, Building Communities and Enhancing Lives appeals to you please review the job description below and apply online!

Real Estate Equities offers competitive base pay, a fun place to work in addition to health insurance, dental insurance, PTO and 100% employer paid STD, LTD, Life Insurance.

Asset Manager
Job Duties and Responsibilities:

  • Represent the building owners to the Management Company
  • Review financials monthly for all assets
  • Review and represent the monthly Asset Management report or other KPI’s as necessary to ensure solid financial performance
  • Maximize income at all properties thru rent growth and efficient tenant charges
  • Minimize property expenses
  • Work with our utility provider to monitor utility usage, manage trends and address outliers
  • Research and implement software’s to assist you in your goals, including Yield star or Rent Maximizer
  • Manage insurance claims including the construction process
  • Communicate with partners about each asset and make recommendations on capital expenditures
  • Assist with annual budget process including ensuring positive trends and realistic goals
  • Review and approve capital expense improvements in annual budget and approve exceptions if needed
  • Implement capital asset projects and monitor process to completion. Assess physical condition of property on an annual basis and make recommendation for improvements as well as asset preservation
  • Ensure that property tax protests for correct property valuations are completed as required
  • Manage replacement reserves so they are sufficient for the future needs of the property
  • Recommend and monitor scope of rehab needs and 5-year capital plans
  • Direct, maintain and adhere to company and site quality standards

Asset Manager
Non-Essential Job Duties and Responsibilities:

  • Perform other duties, as assigned

Asset Manager
Position Requirements:

  • Previous Asset Management experience and or Portfolio Director experience
  • Strong written and verbal communication skills
  • Strong organizational and planning skills
  • Possess strong, intermediate computer skills, including /Microsoft Office Suite
  • Effective leadership skills
  • Travel as necessary to complete job duties

Asset Manager Physical Requirements:

  • Ability to sit for extended periods of time in front of a computer
  • Ability to lift up to 10 pounds
  • Ability to walk for extended periods of time as well as bend, kneel and go up and down stairs

Monday through Friday
40 hours per week

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