Revenue Manager, Multifamily Pricing

Do you have pricing strategy experience within the conventional multifamily real estate industry? Would you like to work with a large multifamily portfolio? Do we have an exciting opportunity for you!

Andrews & Cole is currently partnering with a well-established real estate company in West Los Angeles that is looking for a Revenue Manager to add to the Multifamily Asset Management team. The newly created role will play an integral part in positioning this company for growth as it looks to double its portfolio size.

The role will report to the Director of Asset Management and would work a hybrid schedule (Monday and Friday remote, Tuesday through Thursday onsite). This is an exceptional opportunity to join a dynamic and high-performing team!

The company offers competitive compensation up to 165k base and 10% bonus.

RESPONSIBILITIES:Developing and implementing strategic pricing and revenue management strategies for our multi-family properties to maximize rental income and occupancy rates.Conducting in-depth market analysis using various reporting databases and in-person tours, monitoring competitor pricing and market trends, and adjusting pricing strategies accordingly.Analyzing historical and current financial data, rental rates, and market conditions to make data-driven decisions and recommendations for pricing adjustments.Tracking and evaluating the effectiveness of revenue management strategies (stable operations, lease-up, value add, etc), and providing regular reports to the executive team.Utilizing demand forecasting models to predict occupancy patterns, lease expirations, and demand fluctuations.Anticipating seasonal and market-specific trends to adjust pricing and promotional strategies proactively.Collaborating with firm executives, asset managers, property managers, leasing teams, and other relevant departments to ensure alignment on pricing decisions and marketing initiatives.Participating in regular meetings with stakeholders to discuss performance, identify challenges, and propose solutions.Utilizing revenue management software and data analytics tools to optimize pricing decisions and automate reporting processes.Staying up-to-date with industry advancements in revenue management technology and recommending system enhancements, as needed.Monitoring and analyzing competitor properties, pricing strategies, and marketing efforts to maintain a competitive edge in the market.Training property management and leasing teams on revenue management concepts and best practices to ensure consistent implementation.

QUALIFICATIONS:Bachelor's degree in Business, Finance, Real Estate, or a related field. A Master's degree is a plus.Proven experience in multi-family revenue management or related roles within the real estate industry.Strong analytical and quantitative skills with the ability to interpret and apply complex data.Knowledge of revenue management systems and tools (e.g., YieldStar or LRO) is highly desirable.Excellent communication and presentation skills to convey complex concepts to stakeholders effectively.Ability to thrive in a fast-paced and dynamic environment, making data-driven decisions under tight deadlines.Exceptional problem-solving skills with a focus on continuous process improvement.A collaborative and team-oriented mindset to work effectively with cross-functional teams.

For immediate consideration please email resume to rdesantiago@andrewscole.com.