Skills & Competencies for Area Residential Property Manager

Area Residential Property Manager job profile

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JOB SUMMARY for Area Residential Property Manager

Leads residential property management activities in a given geographic area to maximize sales, profitability, and tenant satisfaction.

JOB RESPONSIBILITIES for Area Residential Property Manager

Develops and implements operational policies. Trains and manages individual property managers. Ensures that properties meet established quality standards. May support marketing and investor relations. May handle escalated tenant matters.

Area Residential Property Manager SALARY RANGE

BASE 50%
$131,640
TOTAL 50%
$152,276
Job Level
M04
Job Code
FA06000969
Education/Degree
Bachelor's Degree
Reports To
Top Management

Area Residential Property Manager Skills and Competencies List

Proficiency Levels and Behavioural Indicators
Salary.com identifies five increasing levels of proficiency for each skill/competency. Some jobs require only a relatively low level of proficiency in each skill/competency, while other jobs will require a more advanced level of proficiency in the same skill/competency. These levels rate the degree of proficiency (skill level, expertise) we expect the incumbent to perform in the given skill/competency for the given job. Note that we intentionally do not associate timeframes or years of experience in performing the skill/competency because that can be misleading. Proficiency levels identify what the incumbent knows and can do rather than how long they have been doing it. Also, note that the proficiency levels are cumulative, e.g., a level 4 proficiency implies the ability to perform all the behaviors at the lower levels.
Check each Area Residential Property Manager skill and competencie below to view definitions.
JOB FAMILY COMPETENCIES CORE COMPETENCIES
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8 general skills or competencies (Job family competencies) for Area Residential Property Manager

1 Job Family Competencies – Operations Management
Proficiency Level -4
Skill definition-Planning, controlling, organizing, and directing different operations within a business to achieve the highest level of efficiency.
Level 1 Behaviors
(General Familiarity)
Explains basic management and budgeting principles and techniques.
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Level 2 Behaviors
(Light Experience)
Enters daily activities into the database and operations management information systems.
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Level 3 Behaviors
(Moderate Experience)
Monitors expenses and budgeting to help our organization optimize costs and benefits.
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Level 4 Behaviors
(Extensive Experience)
Oversees the operations departments to align with our organization's strategic goals.
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Level 5 Behaviors
(Mastery)
Develops policies and best practices in supervising production processes and service delivery.
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2 Job Family Competencies – Facilities Management
Proficiency Level -3
Skill definition-Developing, delivering, and managing building support services to maintain functionality and improve operational efficiency.
Level 1 Behaviors
(General Familiarity)
Describes the importance of facilities management in improving the efficiency of building operations.
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Level 2 Behaviors
(Light Experience)
Identifies and enters maintenance issues that need resolving into the facilities management system.
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Level 3 Behaviors
(Moderate Experience)
Makes recommendations to management regarding facility improvements to meet customer needs.
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Level 4 Behaviors
(Extensive Experience)
Plans and recommends ideas to reduce energy consumption to support energy management programs.
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Level 5 Behaviors
(Mastery)
Establishes effective financial management processes for facilities to predict future repair and maintenance expenses.
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3 Area Residential Property Manager - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Area Residential Property Manager
Proficiency Level - 4
5 Competency for - Area Residential Property Manager
Proficiency Level - 5

11 soft skills or competencies (core competencies) for Area Residential Property Manager

1 Core Competencies – Business Acumen
Proficiency Level -3
Skill definition-Insight into our organization's business, goals, and values. Ability to design and implement initiatives that facilitate successful outcomes.
Level 1 Behaviors
(General Familiarity)
Discusses the strengths and weaknesses of our products and services.
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Level 2 Behaviors
(Light Experience)
Explains advantages and disadvantages of different organizational structures from an efficiency perspective.
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Level 3 Behaviors
(Moderate Experience)
Communicates financial insights that positively influence the business plan development process.
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Level 4 Behaviors
(Extensive Experience)
Evaluates and explains the financial aspects of a business initiative to different teams.
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Level 5 Behaviors
(Mastery)
Champions organizational change and digital transformation to drive higher business performance.
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2 Core Competencies – Budgeting
Proficiency Level -4
Skill definition-Applying specific policies, tools and practices to plan and prepare projected revenues, expenses, cash flows, and capital expenditures.
Level 1 Behaviors
(General Familiarity)
Describes the procedures for capital and expense allocation and budgeting.
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Level 2 Behaviors
(Light Experience)
Gathers data from financial statements to help create budget plans and improve budgeting strategies.
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Level 3 Behaviors
(Moderate Experience)
Implements strategic operational efficiencies and techniques for conducting successful budgeting.
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Level 4 Behaviors
(Extensive Experience)
Evaluates past decisions on budgetary considerations to improve the budgeting process.
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Level 5 Behaviors
(Mastery)
Establishes operating procedures to guide the consistency and repeatability of our budgeting processes.
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3 Area Residential Property Manager - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Area Residential Property Manager
Proficiency Level - 4
5 Competency for - Area Residential Property Manager
Proficiency Level - 5

Summary of Area Residential Property Manager skills and competencies

There are 0 hard skills for Area Residential Property Manager.
8 general skills for Area Residential Property Manager, Operations Management, Facilities Management, Lease Administration, etc.
11 soft skills for Area Residential Property Manager, Business Acumen, Budgeting, Customer Relationship Management, etc.
While the list totals 19 distinct skills, it's important to note that not all are required to be mastered to the same degree. Some skills may only need a basic understanding, whereas others demand a higher level of expertise.
For instance, as a Area Residential Property Manager, he or she needs to be skilled in Business Acumen, be skilled in Budgeting, and be skilled in Customer Relationship Management.

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