What we do and why we do it
As the leading end-to-end investment platform for single-family rental homes (SFR), our mission is to make real estate investing radically accessible, cost effective, and simple. We successfully merge our passion for helping investors build wealth through real estate with cutting edge technology that transforms the way they do it.
How it’s going (and growing)
With a talented team of 600+ Roofsters, our collaborative, can-do culture is what fuels our growth. In 2022, we closed on our Series E, raising $240 million, and have offices in California, Texas, and New York as well as many remote opportunities. Our growth includes recent acquisitions of Stessa (financial and asset management software), RentPrep (tenant screening and placement service for landlords), and Mynd (property management platform for both Retail and Institutional investors).
About the Role
Roofstock is looking to hire an analytical, entrepreneurial, and experienced Asset Manager to join the Asset Management team. This team player will be intimately familiar with the mechanics of optimizing rental properties, regardless of geographic location, to produce desired outcomes for investments of varying classes, and manage the operational nuances of various investor types. The Asset Management team will apply their expertise to influence all high value operating decisions with the goal of maximizing NOI and helping our investors achieve their goals, all while providing excellent service.
The Asset Manager will advise our property managers at a regional market level through all crucial decisions in the investment lifecycle including leasing, marketing, renewals, rent recommendations, revenue management, turns, value-add capex, budget review, variance analysis, portfolio expansion and dispositions. The Asset Manager will play a critical role in monitoring market and investor performance trends to shape strategic initiatives company wide. The Asset Manager will enhance company performance through model maintenance, reporting development, and performance evaluation.
Responsibilities
- Leverage your experience to optimize the portfolios of our investors
- Partner with internal data teams to create visibility into operational performance
- Derive insights from operating performance aimed at enhancing NOI
- Perform high volume rent underwriting analysis on new and existing portfolio properties
- Provide input on the asset management playbook
- Develop an in-depth understanding of institutional partners and produce outcomes aligned with their goals
- Develop and track budgets and budget to actual trend analysis
- Lead regional market meetings and goal setting that drive performance that focuses on occupancy, renewal performance, turn performance, and service trends for various regions
- Provide input and development on process SOPs that are used by cross functional teams
- Monitor the performance of recently acquired assets and influence future acquisitions by providing data driven insights
- Complete hold sell analysis for low or troubled performing assets on a periodic basis
- Advise the Buying Team on market trends, real estate opportunities and buy box strategies
- Develop and implement inventory and revenue management strategies
- Review and evaluate monthly / quarterly operating performance and make operational recommendations to achieve desired outcomes
- Produce financial reports and maintain models for lender tape deliverables
- Monitor Mynd performance metrics and compile and deliver results quarterly to our institutional partners
- Maintain broad overview knowledge of major markets (trends, drivers, rents, values, etc.) to support sound assessment of property operations and acquisitions
- Occasional market visits required
- Ad-hoc reporting as needed
Qualifications
- 3-5 years of asset management experience of multifamily or SFR properties
- Bachelor’s Degree, or equivalent relevant experience required
- Extreme attention to detail with organizational, time management and follow-up skills
- Highly analytical, with strong quantitative skills and mathematical aptitude
- Proficient in Microsoft Excel financial modeling leveraging large datasets
- Experience building ad hoc KPI reports to derive actionable insights
- Strong negotiation skills and an ability to interface with high-level institutional investors
- Ability to manage multiple projects independently while collaborating with cross-functional teams
- Excellent written and verbal communication skills
- Bias toward action; self-driven and intrinsically motivated with ability to prioritize and meet deadlines
- High degree of comfort with change, technology and ambiguity
- Experience working in a high-tempo, high-growth, team-oriented organization
Location
This position is classified as REMOTE within the Greater Phoenix Area.
Travel required:
- Must be able to make occasional market visits; about 10% of the time
- Travel may be required for training + offsites
Compensation
$105,000 annual base salary. Additionally, this position is eligible for a bonus based upon achievement of performance objectives.
Pay Transparency
Our compensation reflects several US geographic markets. The base pay for this position represents the expected salary for this position. Ultimately, in determining your pay it will be based on several factors including location, job-related knowledge, skills, experience and other job related factors. Roofstock is a total compensation company; the base salary is only a part of our total compensation package.
Competitive & Unique Benefits Package
- Generous PTO Policy
- 13 Paid Holidays
- Volunteer Time Off
- Paid Parental Leave
- 401k Program
- Wellness and home office/cell phone subsidies
- Robust health, dental, vision insurance, and more
Must be authorized to work in the U.S. is a precondition of employment and we are unable to sponsor H1-B Visas at this time.Any offer of employment is conditioned upon the successful completion of a background investigation.
Commitment to Equal Employment Opportunity
The company provides equal opportunity in all of our employment practices to all qualified employees and applicants without regard to race, color, religion, sex, gender, gender expression, gender identity, national origin, ancestry, citizenship, age, physical or mental disability, marital status, sexual orientation, military or veteran status, genetic information or any other category protected by federal, state and local laws. This policy applies to all aspects of the employment relationship, including recruitment, hiring, compensation, promotion, transfer, disciplinary action, layoff, return from layoff, training and social, and recreational programs.
All such employment decisions will be made without unlawfully discriminating on any prohibited basis.#LI-REMOTE#LI-CC1
