Leasing Manager job description
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What does a Leasing Manager do?
The Leasing Manager leads the process of finding tenants for residential and commercial properties, maintaining high occupancy rates and tenant satisfaction. This role ensures properties are effectively marketed, and leasing goals align with the company's revenue objectives.
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What are the Key Responsibilities of Leasing Manager
- Develop and implement effective leasing marketing strategies.
- Analyze market trends to set competitive leasing rates.
- Handle leasing inquiries and conduct property tours.
- Prepare and manage lease agreements ensuring compliance with regulatory standards.
- Coordinate with the maintenance team to ensure properties are tenant-ready.
- Track and report on leasing performance metrics and occupancy rates.
- Foster positive tenant relations to encourage lease renewals.
- Train and supervise leasing staff.
- Manage budgets for marketing activities.
What are the Skills and Requirements for a Leasing Manager?
- Strong understanding of real estate and leasing principles.
- Proficient in property management software.
- Excellent negotiation and communication skills.
- Customer service-oriented with a proactive approach.
- Attention to detail and organizational skills.
What are the KPIs to track for Leasing Manager?
The Leasing Manager's success is measured by achieved occupancy rates, reductions in vacancy turnover times, the number of lease renewals, and tenant satisfaction ratings.
Occupancy Rate
Achieve and maintain target occupancy rates.
Lease Renewals
Increase in lease renewal percentage year-over-year.
Turnover Time
Reduction in time to re-lease vacant units.
Reports to
Property Director
Collaborates with
Marketing Team, Maintenance Team
Leads
Leasing Agents
Are any specific tools or software required for the Leasing Manager role?
- Yardi
- Entrata
- AppFolio
What is the qualification of Leasing Manager?
Bachelor's degree in Business Administration, Real Estate, or related field; 3+ years of experience in leasing management.
