The ideal candidate will be responsible for all operational and financial aspects of properties and non performing loans including accounts payable Receivable for each property or note, maintaining control of partnership distributions, preferred returns and profit distributions, partnership reporting, maintaining control of loan terms per deal and maintain same, budget control and maintenance requests.
Responsibilities • 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.