Portfolio Property Manager

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.