Asset Manager, Affordable Housing, Orange County, CA

Oversight of a portfolio of affordable properties for growing company. Measure/manage property performance against projections & annual budgets. Oversee all lease-up activities. Collaborate with social service providers ensuring compliance.

 Identifying all reporting requirements & see that they are met. Develop annual asset management plans & work with property management/development/finance/etc. achieve defined property goals consistent with the strategic plan.

Identifying watch list properties & working with team to prioritize issues/develop action plans to address challenges.

Project & work to increase cash generated from operations for payment of soft debt, fees, & cash flow distributions.

Develop/ implement long-term strategies for financing or purchasing existing properties, completing their 15-year tax compliance period. Manage reserves & capital planning, authorize withdrawals, & present significant expenditures for approval.

Collaborating with finance/accounting/outside lenders to ensure permanent financing. Review monthly operating statements, tax returns & audits.

Conducting site inspections & compliance reviews. Interact with stakeholders to achieve property goals. Investigate all insurance claims & coordinate with insurance company representative.

Must Haves –

Public & private housing finance programs, including HUD, HOME, Section 8 programs, low-income housing tax credits (LIHTC), MHSA, NPLH.Property dispositions, capital accounts, & resyndication.

Property management & real estate investment management software. Fair Housing, Landlord/Tenant Law. Read & interpret financial statements/ tax returns. Develop, prepare, & manage property budgets. Understand & interpret pro formas.

Efficiently organize complex & variable data, prepare for presentations.  Work independently, resolve problems/conflict & independently manage oversight of property management companies.

BA in Accounting or Business or a related field. Strong track record of asset management. Required skills & knowledge of multifamily real estate operations, including market analysis/property management/ finance/marketing/leasing/budgeting/ financial reporting.

Minimum 5 years responsible experience in asset management, property management, or real estate finance.

Who do you know?

So, you’ve been using the power of YES to reach out to people. That’s positive networking and it is key to finding a new job. It’s all about who you know. How many applications have you sent into companies with no response? Some people have sent 100’s. You must get in front of the hiring managers and LinkedIn is a great place to do that. How to find more people to connect to?

1. Research companies within a commutable radius of your home.

2. Find the hiring managers at those companies and send them a connect. Most people are nice and will accept a connection.

3. Follow up with a quick elevator pitch about you.

This may not always work, but it’s a quicker way to get in front of the Manager/Director/VP than going through their application process.