Property Management - Transition Specialist
Property Management - Transition Specialist Reports To: Chief Executive Officer (CEO) Location: Remote Job Type: Full-time | Extensive Travel Required 75%-80% Salary: $120,000-$130,000 About the Role: We are seeking a highly analytical, results-driven Turnaround Asset Manager to lead the recovery and repositioning of underperforming or distressed real estate assets across our portfolio. This role requires a strategic thinker who can bridge financial analysis with operational execution to restore asset value, drive NOI growth, and stabilize performance across various property types. The ideal candidate has experience with value-add strategies, operational overhauls, and financial recovery plans, and can work cross-functionally with leasing, property management, capital projects, and ownership groups to implement solutions. Key Responsibilities: Asset Performance Analysis
- Conduct in-depth financial and operational reviews of underperforming properties to identify root causes of distress.
- Evaluate rent roll, occupancy trends, expense variances, tenant quality, and market positioning.
- Develop performance benchmarks and identify turnaround opportunities to improve asset value.
Turnaround Strategy Development
- Create and implement comprehensive asset-specific recovery plans, including leasing strategies, expense control, capital improvements, and management changes.
- Lead repositioning efforts for value-add assets, including unit renovations, amenity upgrades, and rebranding strategies.
- Collaborate with internal teams to optimize rent pricing, marketing, and tenant retention strategies.
Operational Oversight
- Work closely with property management teams to monitor and improve day-to-day operations.
- Recommend staffing changes, vendor renegotiations, and process improvements where necessary.
- Monitor adherence to budgets, timelines, and turnaround KPIs.
Stakeholder Communication
- Prepare and present asset updates, recovery plans, and financial reports to senior leadership, ownership, and/or capital partners.
- Act as the point of contact for lenders, special services, and third-party consultants during distressed situations.
Financial & Capital Planning
- Oversee or support capex planning, including renovation scopes, RFP processes, and return-on-investment analysis.
- Assist with refinancing, sale preparation, or recapitalization of assets as performance stabilizes.
Qualifications:
- 5–10+ years of experience in real estate asset management, property operations, or distressed asset recovery.
- Strong understanding of multifamily, commercial, or mixed-use property operations.
- Proven track record managing or improving performance in distressed or value-add real estate.
- Proficiency in financial modeling and performance analysis (Excel, Argus, or equivalent).
- Ability to lead cross-functional teams and manage through influence, not just authority.
- Bachelor’s degree in Real Estate, Finance, Business, or related field required; Master’s or MBA preferred.
Key Competencies:
- Strategic Thinking
- Operational Insight
- Financial Acumen
- Problem Solving
- Cross-Functional Leadership
- Communication & Reporting
- Adaptability & Resilience
Preferred Experience:
- Familiarity with Yardi, MRI, or similar property management systems
- Exposure to affordable housing, tax credit, or regulatory compliance (as applicable)