Real Estate Manager Goals and Objectives Examples
Increase the occupancy rate of properties by 10% in the next year.
Develop and implement a cost-containment plan for all properties.
Reduce maintenance costs by 15% through effective maintenance practices.
Ensure all properties are compliant with state and federal regulations.
Provide effective leadership and management to the property team.
Establish and maintain positive relationships with tenants, vendors, and contractors.
Implement sustainable practices such as recycling and energy efficiency.
Improve tenant retention rates by 5% in the next 12 months.
Increase revenue from ancillary services (parking, storage, etc.) by 20%.
Oversee capital improvement projects on schedule and within budget.
Conduct regular market analysis to stay competitive in rental prices.
Keep abreast of new real estate laws and regulations.
Foster a positive work environment that encourages teamwork and collaboration.
Maintain accurate and up-to-date financial records for each property.
Optimize cash flow by implementing efficient payment collection practices.
Respond promptly to tenant complaints and concerns.
Develop and implement an effective marketing plan to attract new tenants.
Implement security measures to ensure the safety of properties and tenants.
Negotiate favorable contracts for maintenance services and supplies.
Provide ongoing training and development for property staff.
Conduct regular property inspections to ensure proper upkeep and maintenance.
Monitor budget variances and adjust spending accordingly.
Develop an emergency response plan for each property.
Investigate new technology and software to improve operational efficiency.
Foster relationships with community leaders and organizations to promote positive landlord-tenant relations.
Participate in local real estate associations to stay informed on industry trends.
Manage vendor relationships to ensure quality service and fair pricing.
Analyze market data to inform investment decisions.
Implement policies and procedures to maintain consistent operations across all properties.
Ensure compliance with fair housing laws and regulations.
Establish and maintain relationships with lenders to secure financing for new acquisitions.
Maintain accurate insurance coverage for all properties.
Collect rent payments on time and enforce lease agreements when necessary.
Coordinate with legal counsel on eviction proceedings when necessary.
Attend industry conferences and seminars to stay up-to-date on best practices.
Develop a system for tracking tenant feedback and responding appropriately.
Manage lease negotiations and renewals with tenants.
Conduct regular property appraisals to monitor asset value growth.
Optimize utility usage through energy-efficient upgrades and conservation practices.
Arbitrate disputes between tenants when necessary.
Develop a system for tracking property expenses and revenue at each property.
Document all transactions related to each property in accordance with accounting principles.
Analyze performance data to identify areas for improvement.
Work closely with contractors to ensure timely completion of construction projects.
Facilitate communication between tenants, property staff, and upper management.
Stay informed of tax laws and regulations that affect real estate investments.
Develop a system for maintaining accurate records of building systems (HVAC, electrical, etc.) at each property.
Conduct regular surveys to assess tenant satisfaction levels.
Develop a system for tracking vacancies at each property and taking corrective action when necessary.
Develop standard operating procedures for property operations that can be applied across multiple locations if applicable.
Implement a disaster recovery plan for each property in case of emergencies such as natural disasters or power outages.
Maintain all required licenses, certifications, and permits for each property.
Implement a system for tracking equipment maintenance schedules to ensure reliability and minimize downtime.
Develop a system for tracking tenant requests and work order progress, ensuring timely completion of repairs or maintenance issues.
Collaborate with upper management to develop long-term strategic plans for each property, factoring in market trends, financial forecasts, market dynamics, customer needs, etc.
Collaborate with third-party professionals such as property managers, leasing agents, brokers, etc., when required.
Manage subordinate staff effectively, providing them with constructive feedback, coaching/mentoring opportunities, performance evaluations, recognition/reward programs, etc.
Build effective relationships with stakeholders such as investors, lenders, shareholders, joint venture partners, entities with whom there are shared infrastructure or common areas, etc.
Develop an effective dispute resolution process that ensures timely resolution of disputes between tenants or any other stakeholder involved in the project.
Maintain complete documentation of all leases signed including original paperwork signed by tenants/buyers as well as any amendments or modifications made throughout tenancy or tenure on the premises.
Ensure that all stakeholders are aware of developments affecting the project such as zoning changes or any type of land use regulation.
Identify any opportunities for cost savings or income generation within current operating procedures.
Ensure that all tenant/employee/customer complaints are handled promptly and professionally.
Regularly review competitor activity in order to better understand local market conditions and determine appropriate course of action.
Clearly define roles and responsibilities of team members in order to ensure accountability within the team.
Collaborate with senior management team members such as CFO’s, CEO’s etc., so as to give a clear understanding of operational details and offer input on how efficiencies can be improved throughout the company.
Establish vendor partnerships so as to enable the company get discounts off products or services they need regularly.
Organize professional development sessions where employees are encouraged to further their knowledge and acquire new skills relevant to their positions within the company.
Regularly conduct employee performance evaluations so as to identify areas where additional support may be needed.
Work with IT department to establish back-up systems so as to prevent loss of crucial data in the event of a system crash.
Develop a thorough understanding of applicable real estate laws and regulations so as to avoid potential legal liability issues.
Utilize data analytics in order to identify which properties generate the highest revenue.
Establish a comprehensive employee training program that covers everything from customer service skills to data entry techniques.
Ensure that there is effective communication at all times between different departments within the company.
Implement a training program which educates employees about what constitutes ethical behavior in the workplace.
Encourage employees to think creatively about ways they can improve their job performance.
Promote an inclusive working environment free from discrimination based on race, gender or religion.
Maintain social media accounts for the company so as to connect more easily with customers and keep up-to-date on industry trends.
Establish a clear chain-of-command within the company so that everyone knows who they should go to if they have questions or concerns.