Vaco Recruiter Services
Client:
Real Estate Developer and Management Firm Role:
Portfolio Property Manager – Residential Properties Salary:
$120,000 - $140,000/annually Location:
New York City (on-site 4 days a week) Overview:
A well-established real estate firm in New York City is seeking an experienced
Portfolio Property Manager
to oversee a group of 5 – 10 residential buildings, primarily condominiums and cooperatives. This role requires hands-on experience in managing condo/co-op properties, with a strong foundation in financial oversight and board relations. Responsibilities: Manage day-to-day operations across a portfolio of residential buildings, ensuring smooth property performance and resident satisfaction. Develop and maintain annual operating budgets for each property, including detailed year-over-year variance analysis. Serve as the primary liaison to building boards, attending meetings and providing strategic guidance on property matters. Review and interpret governing documents such as proprietary leases, bylaws, offering plans, and master deeds. Coordinate with internal teams and external vendors to ensure timely maintenance, compliance, and financial reporting. Monitor and report on financial health of each property, including monthly financials, assessments, and capital planning. Lead communication efforts with board members (typically 7–13 per building), addressing concerns and presenting financial and operational updates. Qualifications: Minimum of 4-5 years of experience managing condominium and/or cooperative properties. Proven ability to manage multiple buildings and unit counts simultaneously. Strong understanding of residential property governance and legal documentation. Proficiency in budgeting, financial reporting, and variance analysis. Excellent interpersonal and communication skills, with experience presenting to boards and senior stakeholders. Candidates with exclusive affordable housing backgrounds will not be considered for this role.
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Real Estate Developer and Management Firm Role:
Portfolio Property Manager – Residential Properties Salary:
$120,000 - $140,000/annually Location:
New York City (on-site 4 days a week) Overview:
A well-established real estate firm in New York City is seeking an experienced
Portfolio Property Manager
to oversee a group of 5 – 10 residential buildings, primarily condominiums and cooperatives. This role requires hands-on experience in managing condo/co-op properties, with a strong foundation in financial oversight and board relations. Responsibilities: Manage day-to-day operations across a portfolio of residential buildings, ensuring smooth property performance and resident satisfaction. Develop and maintain annual operating budgets for each property, including detailed year-over-year variance analysis. Serve as the primary liaison to building boards, attending meetings and providing strategic guidance on property matters. Review and interpret governing documents such as proprietary leases, bylaws, offering plans, and master deeds. Coordinate with internal teams and external vendors to ensure timely maintenance, compliance, and financial reporting. Monitor and report on financial health of each property, including monthly financials, assessments, and capital planning. Lead communication efforts with board members (typically 7–13 per building), addressing concerns and presenting financial and operational updates. Qualifications: Minimum of 4-5 years of experience managing condominium and/or cooperative properties. Proven ability to manage multiple buildings and unit counts simultaneously. Strong understanding of residential property governance and legal documentation. Proficiency in budgeting, financial reporting, and variance analysis. Excellent interpersonal and communication skills, with experience presenting to boards and senior stakeholders. Candidates with exclusive affordable housing backgrounds will not be considered for this role.
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