Interstate Equities
Renovation Project Manager
Interstate Equities, Brea, California, United States, 92631
Firm Summary:
Interstate Equities Corporation (IEC) is a vertically integrated real estate investment firm specializing in value-add multifamily properties in the Bay Area, Southern California (including Ventura County, Los Angeles, and San Diego) and Seattle markets. We focus on creating value through strategic repositioning and property management. IEC Property Services Corporation, our in-house property management company, strives to deliver exceptional customer service while executing property business plans. Founded in 1981, IEC has a proven track record of over 43 years and continues to grow by acquiring new communities and offering development opportunities to our team members.
Position Summary:
IEC is looking for an energetic, skilled project manager to join our team and execute exciting, transformative renovation projects at various apartment communities throughout California.
The Renovation Project Managers are responsible for the comprehensive oversight of interior unit renovations, larger exterior value-add construction projects, and infrastructural capital projects for vintage apartment communities throughout Southern California. This position requires a thorough understanding of construction processes, strong leadership abilities, and excellent project management skills. The Project Manager ensures that all phases of these multifaceted projects are executed efficiently, within budget, and to the highest standards of quality and safety.
The role involves extensive coordination with various stakeholders, including architects, engineers, subcontractors, suppliers, tenants, and property management to deliver successful projects that meet all specifications and regulatory requirements while minimizing disruption to residents and ensuring their satisfaction. The portfolio will consist of properties located in Los Angeles (LA), Orange County (OC), and San Diego (SD).
Additionally, the Project Manager will work closely with construction administrators, handle light accounting tasks, and collaborate directly with the asset manager for each property to ensure seamless project execution and alignment with investment goals.
Duties and Responsibilities:Project Tracking: Analytically track multiple concurrent projects against the budgetField Work: Spend 25-50% of the time on-site with overnight stays in Orange County, San Diego, and Los AngelesScope Development: Collaborate with Asset Management to develop clear project scopes and renovation specifications, including working with interior and exterior designers to develop design conceptsQuality Assurance and Accountability: Confirm work is being completed consistent with company quality standards, budgets, and timelinesVendor Management:Obtain and filter vendor bidsRecommend and qualify contractors (references, licenses, insurance, etc.)Negotiate terms (scope/cost/payment/schedule)Prepare contractsResearch and identify new subcontractors to maintain competitive pricingProject Inspection:Inspect projects for progress, timing of completion, costs to complete, and quality controlMeet with contractors to discuss scope discrepancies, change order requests, trouble spots, etc.Coordination Meetings: Initiate coordination/kick-off meetings with Asset Management and Property Management to establish staging details, sequence, schedule, scope, resident correspondence, etc.Regulatory Compliance: Manage enforcing agencies and meet with city inspectors/representatives as necessary to coordinate project effortsRecord Keeping: Maintain organized records of project bid costs using corporate tracking tools. Notify Asset Management of upcoming capital needs and timingCommunication: Provide regular updates to community associates and Asset ManagementMinutes and Notetaking: Document meeting minutes and distribute them to relevant stakeholdersReporting: Prepare detailed reports and updates for management, summarizing project status, issues, and progressUnit Evaluation: Evaluate unit conditions, document non-spec items to be replaced, walk unit renovations, and complete punch-walks with contractorsCapital Projects:Assist in developing scopes of capital projects and budgets for new acquisitions at the direction of the Acquisition teamInclude immediate repair/deferred maintenance items, value-add renovations, and reserve items/on-going repairs over the investment hold periodAnnually prepare 2-3 year capex projectionsMinimize Downtime: Schedule and supervise to minimize unit interior downtime during renovationsAdditional Duties: Perform other duties as assignedPreferred Qualifications:
Experience using Yardi Voyager and Yardi Job CostKnowledge of California markets and vendorsCompensation:
Salary Range $140,000-$160,000 depending on experienceAnnual Discretionary Performance BonusIEC offers a competitive compensation package including:
Company paid healthcare premiums at 100%, specifically for the employee, with options to buyup401(k) Plan, with 4% company matchFlexible Spending/Health Savings AccountsCompany paid Life Insurance and Long-Term Disability Insurance, specifically for the employee, with options to buyupPaid Time OffCompany Paid HolidaysEmployee Assistance PlanEmployee DiscountsCommuter Benefit
Interstate Equities Corporation (IEC) is a vertically integrated real estate investment firm specializing in value-add multifamily properties in the Bay Area, Southern California (including Ventura County, Los Angeles, and San Diego) and Seattle markets. We focus on creating value through strategic repositioning and property management. IEC Property Services Corporation, our in-house property management company, strives to deliver exceptional customer service while executing property business plans. Founded in 1981, IEC has a proven track record of over 43 years and continues to grow by acquiring new communities and offering development opportunities to our team members.
Position Summary:
IEC is looking for an energetic, skilled project manager to join our team and execute exciting, transformative renovation projects at various apartment communities throughout California.
The Renovation Project Managers are responsible for the comprehensive oversight of interior unit renovations, larger exterior value-add construction projects, and infrastructural capital projects for vintage apartment communities throughout Southern California. This position requires a thorough understanding of construction processes, strong leadership abilities, and excellent project management skills. The Project Manager ensures that all phases of these multifaceted projects are executed efficiently, within budget, and to the highest standards of quality and safety.
The role involves extensive coordination with various stakeholders, including architects, engineers, subcontractors, suppliers, tenants, and property management to deliver successful projects that meet all specifications and regulatory requirements while minimizing disruption to residents and ensuring their satisfaction. The portfolio will consist of properties located in Los Angeles (LA), Orange County (OC), and San Diego (SD).
Additionally, the Project Manager will work closely with construction administrators, handle light accounting tasks, and collaborate directly with the asset manager for each property to ensure seamless project execution and alignment with investment goals.
Duties and Responsibilities:Project Tracking: Analytically track multiple concurrent projects against the budgetField Work: Spend 25-50% of the time on-site with overnight stays in Orange County, San Diego, and Los AngelesScope Development: Collaborate with Asset Management to develop clear project scopes and renovation specifications, including working with interior and exterior designers to develop design conceptsQuality Assurance and Accountability: Confirm work is being completed consistent with company quality standards, budgets, and timelinesVendor Management:Obtain and filter vendor bidsRecommend and qualify contractors (references, licenses, insurance, etc.)Negotiate terms (scope/cost/payment/schedule)Prepare contractsResearch and identify new subcontractors to maintain competitive pricingProject Inspection:Inspect projects for progress, timing of completion, costs to complete, and quality controlMeet with contractors to discuss scope discrepancies, change order requests, trouble spots, etc.Coordination Meetings: Initiate coordination/kick-off meetings with Asset Management and Property Management to establish staging details, sequence, schedule, scope, resident correspondence, etc.Regulatory Compliance: Manage enforcing agencies and meet with city inspectors/representatives as necessary to coordinate project effortsRecord Keeping: Maintain organized records of project bid costs using corporate tracking tools. Notify Asset Management of upcoming capital needs and timingCommunication: Provide regular updates to community associates and Asset ManagementMinutes and Notetaking: Document meeting minutes and distribute them to relevant stakeholdersReporting: Prepare detailed reports and updates for management, summarizing project status, issues, and progressUnit Evaluation: Evaluate unit conditions, document non-spec items to be replaced, walk unit renovations, and complete punch-walks with contractorsCapital Projects:Assist in developing scopes of capital projects and budgets for new acquisitions at the direction of the Acquisition teamInclude immediate repair/deferred maintenance items, value-add renovations, and reserve items/on-going repairs over the investment hold periodAnnually prepare 2-3 year capex projectionsMinimize Downtime: Schedule and supervise to minimize unit interior downtime during renovationsAdditional Duties: Perform other duties as assignedPreferred Qualifications:
Experience using Yardi Voyager and Yardi Job CostKnowledge of California markets and vendorsCompensation:
Salary Range $140,000-$160,000 depending on experienceAnnual Discretionary Performance BonusIEC offers a competitive compensation package including:
Company paid healthcare premiums at 100%, specifically for the employee, with options to buyup401(k) Plan, with 4% company matchFlexible Spending/Health Savings AccountsCompany paid Life Insurance and Long-Term Disability Insurance, specifically for the employee, with options to buyupPaid Time OffCompany Paid HolidaysEmployee Assistance PlanEmployee DiscountsCommuter Benefit