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B.F. Saul

Owns and develops commercial and residential property

Commercial Retail Property Manager

Real Estate Property ManagementConfirmed live in the last 24 hours
Full-timeAshburn, VA, USA

About the Job

Requirements

  • Familiarity with building systems, building design, and interior construction.
  • Three to five years of commercial property management experience.
  • A four-year college degree or a combination of education and commensurate work-related experience is preferred.
  • A valid driver's license and reliable transportation to the office and multiple properties in the portfolio are required.
  • Ability to visit properties, maintenance staff, and tenants.
  • Ability to inspect property exteriors and interiors, including mechanical rooms, roofs, and stairwells; roof access may require climbing interior or exterior ladders.
  • Proficiency with word processing, spreadsheet, and property management software.

Responsibilities

  • Manage the physical operation, maintenance, lease administration, and fiscal management of a portfolio of commercial shopping centers and office buildings, ensuring reliable operations consistent with the owner's financial objectives.
  • Supervise qualified personnel and hire outside contractors as authorized; maintain positive relationships with tenants.
  • Supervise repair, maintenance, and operation of assigned properties using employees or contractors, and regularly inspect properties to ensure buildings are in good operating order and appearance.
  • Prepare bid proposals for outside service contracts in accordance with policies and procedures; award contracts with supervisor approval; supervise and evaluate contractor performance against specifications.
  • Manage accounts payable from purchase orders through coding and payment approval.
  • Create the annual accrual operating budget for approval by the owner's representative; prepare a detailed written management plan reflecting approved budget expenses, standard building services, and non-standard services offered.
  • Prepare cash-flow operating projections for full or partial fiscal years, written reports on building physical status with repair or replacement recommendations, and required financial and variance reports; understand property cash flow and the reasons for variances.
  • Reconcile invoices weekly by coding them and forwarding them to accounting; report monthly to senior management on portfolio financial accounting and explain variances.
  • Review rent rolls and sales reports monthly, note differences, and communicate with tenants about compliance in sales reporting.
  • Respond as needed on a 24-hour basis to building emergencies that cannot be handled by the maintenance supervisor; advise the supervisor when traveling outside the greater Washington area, carry a cell phone at all times, and take steps to safeguard property or minimize damage.
  • Coordinate with leasing representatives and construction managers to introduce tenants to buildings after lease execution; monitor tenant improvements to support the transfer of responsibility from construction to management.
  • Ensure construction work performed in buildings by management or tenants complies with policies and procedures.
  • Administer leases in accordance with policies and procedures; review initial lease abstracts and monitor billing of rents, operating expenses, rent escalations, above-standard services, and utilities.
  • Direct and supervise the Site Maintenance Supervisor; evaluate responsiveness and performance, discuss concerns and development areas, and suggest special training when needed.
  • Execute the Tenant Retention Program through periodic visits with tenant representatives, record contacts, report tenant relationship status to management as required, and encourage staff to support tenant satisfaction and retention.
  • Perform evictions and work with the Collections and Legal departments on tenant or property issues; attend court as necessary to represent the owner on property issues.
  • Supervise security functions and fire and life-safety annual inspections in accordance with policies and procedures.
  • Administer the risk management program and obtain and maintain valid certificates of insurance from tenants and contractors.
  • Identify process improvements, including technology applications for property operations and management functions, and recommend changes or additions to policies and procedures.
  • Perform other duties as assigned.

Desired Qualifications

  • RPA (Real Property Manager) and/or CPM (Certified Property Manager) designation preferred.
  • Real estate license preferred.

About the Company

B.F. Saul

Owns and develops commercial and residential property

B.F. Saul owns, develops and manages commercial and residential real estate for business tenants and apartment residents. Its portfolio spans office buildings, corporate parks, shopping centers and apartments, while a hotel division owns and operates business-class hotels and the luxury Hay-Adams in Washington, D.C. The company combines property investment with construction, leasing and building management, earning rental income from tenants and serving travelers through its hotel operations. Its insurance division acts as a broker for businesses and families seeking coverage. Founded in 1892, B.F. Saul remains a privately owned real estate company.

Company size
201-500
Company stage
Not listed
Total funding
Not listed
Headquarters
Not listed
Founded
1892

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