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%
$133,338
TOTAL 50%
$154,239
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)
Lists the operations guidelines established within the company management agreement.
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Level 2 Behaviors
(Light Experience)
Reports the daily operations metrics to provide management with the status of service issues.
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Level 3 Behaviors
(Moderate Experience)
Suggests improvement in the processes and works to improve quality, productivity, and efficiency.
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Level 4 Behaviors
(Extensive Experience)
Provides recommendations to senior management on business operations streamlining.
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Level 5 Behaviors
(Mastery)
Promotes advanced tools, techniques, and methods to manage 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)
Lists and describes the concepts and definitions of facilities management.
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Level 2 Behaviors
(Light Experience)
Troubleshoots new facility equipment and reports identified problems to management.
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Level 3 Behaviors
(Moderate Experience)
Works with management to implement and maintain an effective safety program for multiple facilities.
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Level 4 Behaviors
(Extensive Experience)
Reviews facilities expenses to evaluate the performance of each asset and measure the incurred maintenance costs.
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Level 5 Behaviors
(Mastery)
Stays abreast of the best practices to improve the facility's operational efficiency.
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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)
Names our key stakeholders from a business value chain perspective.
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Level 2 Behaviors
(Light Experience)
Supports the planning, implementation, and management of training programs that foster process improvements.
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Level 3 Behaviors
(Moderate Experience)
Participates in the redesign of organizational structures to reflect business priorities.
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Level 4 Behaviors
(Extensive Experience)
Trains others on various business and operation topics.
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Level 5 Behaviors
(Mastery)
Forecasts the short-term and long-term impact of various business cases on P&L 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)
Lists the elements and the steps on how to conduct budgeting.
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Level 2 Behaviors
(Light Experience)
Tracks and reports financial inefficiencies to ensure smooth functioning of our budgeting processes.
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Level 3 Behaviors
(Moderate Experience)
Works with senior management in creating appropriate budget amounts.
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Level 4 Behaviors
(Extensive Experience)
Recommends alternative budgeting strategies for resolving budgeting issues in our workplace.
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Level 5 Behaviors
(Mastery)
Introduces technologies, policies, and programs for more effective budget management.
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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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