Asset Manager
1385 Broadway 22nd floor , Suite 3905 New York, NY 10018 US
Job Description
- Billing and Collecting rent and other property fees from tenants and individual owners
- Making sure to charge proper annual increases and additional charges per each lease for each property
- Paying property expenses, including taxes, mortgages, payroll, insurance premiums and maintenance costs
- Reporting the property’s financial status, occupancy and expiring leases to property owners
- Monthly Reporting to investors including property updates, financial update and budget vs the business plan comparison
- Calculate and distribute partner returns including preferred return, principal payback and profit.
- Organize due diligence check list and prepare all to ensure ready to close
- Advertising vacant units and hiring a leasing agent to find tenants as needed
- Inspecting properties and arranging for repairs and new materials as required
- Arranging contracts for maintenance, trash removal, landscaping, security and other ongoing services and managing disputes with these service providers where appropriate
- Deliver reconciled file for accountant to file return and assist in W2 and K1’s for each property
- Investigating and resolving property complaints and violations
- Setting the budget for the property
- Maintaining ongoing balances and pay off for each note and billing borrowers for same.
- Monthly reporting for all notes including financials, proforma vs actual comparisons.