The Asset Management Intern will be responsible for providing analytical and asset management support on a portfolio of Multifamily properties. We are looking for someone with a strong financial, math background (not necessarily real estate) to build out models and tools for asset management, as well as assist with asset management duties as we grow.

• Provide analytical and asset management support on a portfolio of Multifamily properties
• Assist in the development and analysis of annual operating budgets and business plans
• Assist in the development of investor reporting, and investor relations protocols

• Review weekly and monthly reporting packages and evaluate variances and trends in operating income and expenses
• Assist with preparing internal reports including hold/sell analysis and quarterly reporting
• Assist in the maintenance of lease data collection systems
• Assist in property dispositions, including analysis of purchase offers, interaction with sales brokers and preparation of internal investment committee brief
• Assist in due diligence of potential acquisitions including expense analysis, lease review and underwriting assumptions and modeling review
• Assist in additional assignments as needed for other areas within Magnolia Capital

Who We Are Looking For:

• Bachelor’s Degree in Business or Real Estate preferred
• Strong analytical skills
• Collaborative/Team Player
• Strong organizational skills
• Solving problems and quantifying results
• Creativity - researching, testing and implementing new concepts and technologies
• Working in a fast-paced environment with changing deadlines
• Strong oral and written communication skills
• Excels in an environment with constant change. Adapts, performs and invites additional job responsibilities as the company develops
• Self-starter who is motivated to succeed, has high energy, and a strong analytical thinking mindset
• Proficiency in Excel/Microsoft Office Suite
• Candidate must have proven track record of providing high quality support and completing tasks

The Investment Intern will be responsible for assisting the Acquisitions team in underwriting and evaluating investment opportunities. The role requires strong excel skills, attention to detail, knowledge of real estate investment fundamentals, enthusiasm for learning about the assets and locations we invest in, and a passion for building relationships.

This position is based in Chicago.

• Work with the investments team to help identify potential new investments
• Support the acquisition and due diligence efforts through market research and analysis of industry trends, financial modeling, and valuation
• Maintain the firm’s active deal pipeline
• Prepare presentation materials for the firm and its investors
• Assist with other responsibilities as needed

• Bachelor’s Degree in Business or Real Estate preferred
• Strong analytical skills
• Collaborative/Team Player
• Strong organizational skills
• Solving problems and quantifying results
• Creativity - researching, testing and implementing new concepts and technologies
• Working in a fast-paced environment with changing deadlines
• Strong oral and written communication skills
• Excels in an environment with constant change. Adapts, performs and invites additional job responsibilities as the company develops
• Self-starter who is motivated to succeed, has high energy, and a strong analytical thinking mindset
• Proficiency in Excel/Microsoft Office Suite
• Candidate must have proven track record of providing high quality support and completing tasks

Magnolia Capital is currently seeking a Leasing for its newly formed property management company, STYL Residential. The Leasing Professional assists property owners with leasing their properties to prospective tenants. This may include marketing properties,
preparing lease documents and screening prospective tenants to qualify them. This may also include acting as a representative for property owners.

This position is based in Atlanta. 

Essential Responsibilities:

• Recording and updating details of prospective and existing landlords and tenants into computer databases.
• Examining properties and informing maintenance staff of issues.
• Advertising available properties and conducting property tours as part of marketing activities.
• Screening prospective tenants to ensure they meet eligibility requirements.
• Completing lease applications and assisting with verification of application information.
• Informing prospective tenants of results.
• Inspecting properties when tenants take occupation and vacate.
• Liaising with tenants to provide information and address their complaints and concerns.
• Maintaining and storing documentation effectively.
• Accepting rent payments, security deposits and other applicable fees.

Leasing Agent Requirements:

• 3+ work experience as a Leasing Agent or similar position.
• Proficient knowledge of real estate industry, property management principles and relevant legislation.
• Valid driver’s license and own reliable transport.
• Outstanding communication skills, both verbal and written.
• Excellent negotiation and problem-solving skills.
• Strong people skills.
• Available to work extended hours.

Magnolia Capital is currently seeking a Maintenance Technician for its newly formed property management company, STYL Residential. The Maintenance Tech is accountable for the maintenance needs of the property, including make-readies, perform general maintenance and repair.

This role requires 40 hours per week; Workweek may include weekends, overtime and on-call hours. This position is based in Atlanta.

Essential Responsibilities:

• Ensure all service requests and repairs are made correctly and in a timely manner
• Prepare apartments for new move in’s and complete “make-ready” process of vacant apartments
• Complete resident service requests and repairs in a timely manner
• Maintain cleanliness of exterior buildings and parking areas
• Assist your supervisor with vendor management and other duties
• Perform routine maintenance and inspections for equipment
• Maintain an organized, clean and safe work area
• Assist Maintenance Supervisor with monitoring inventory of parts and supplies at appropriate levels
• Ensure adherence to the company's safety and hazard communications programs, policies and procedures
• Maintain superior customer service relationship
• Communicate effectively with residents, fellow associates, vendors and supervisors
• Work with Maintenance Supervisor to maintain and implement effective preventative maintenance program
• Attend and participate in technical training programs to maintain personal skill level
• Other tasks or duties as assigned by the Supervisor

Who We Are Looking For:

• • One to two years’ experience in community management maintenance, other building maintenance or related trade. Renovation experience may be required for older properties built 5 or more years ago.
    • No specific level of education is required
    • Ability to read and write English for safety and productivity reasons
    • Ability to accurately perform basic mathematical functions 

Education:

• No specific level of education is required
• Ability to read and write English for safety and productivity reasons
• Ability to accurately perform basic mathematical functions

 Professional Experience:

• One to two years’ experience in community management maintenance, other building maintenance or related trade. Renovation experience may be required for older properties built 5 or more years ago.

 Attendance/Travel:

• On-call, after-hour emergency service may be required, with on-call staff required to live within a minimum distance to the community for efficient response time 

 Physical Requirements:

• Hands-on repair and maintenance work constitutes majority of time and duties
• Must be able to move up to 50 pounds variable distances; mobility and flexibility to use ladders to heights in excess of 8 to 9 feet; ability to work outdoors in temperatures above 90 degrees or below 32 degrees Fahrenheit  

 Licenses/Equipment:

• EPA certification Type I and II
• Other licenses and certifications as required by state or federal law
• Use of general maintenance equipment including but not limited to: hand tools, ladders, refrigerant recovery units, landscaping equipment and required safety equipment; all equipment must be used without jeopardizing the safety of yourself, fellow associates or residents
• Appropriate safety equipment and apparel that includes proper footwear, such as work boots

Skills:

• Excellent written and verbal communication skills
• Ability to accept and learn from constructive criticism
• Well organized, detail oriented and efficient
• Team oriented with ability to work independently on occasion
• Ability to prioritize and multi-task
• Must possess strong analytical and problem solving skills
• Strong customer service orientation
• Ability to meet deadlines which may include late hours and weekends as needed
• Ability to follow oral and written instructions

 Computer Skills:

• Basic computer and Internet knowledge 
• Ability to use Outlook

The Marketing Analyst will be responsible for supporting the Marketing Manager and helping execute the marketing plan for Magnolia’s portfolio of properties. We are looking for someone with digital marketing experience or strong interest in learning how to execute and analyze digital marketing campaigns. A successful applicant will have a strong attention to detail, creative vision, organizational skills, and analytical capabilities. This is a unique opportunity to be part of a growing team that is redefining the real estate industry.

This position is based in Chicago and will report to the Marketing Manager.

Essential Duties:

• Assist in the implementation and analysis of Google Analytics, Google Tag Manager, and Google Optimize on property websites
• Work within CRM system to conduct sales effectiveness audit and track all leads through the sales process to measure KPIs (Lead to Tour, Tour to App, App to Lease, Lease to Lease, Cost Per Lead, and Ad Source Performance)
• Audit and maintain property online profiles including the website, ILS, Facebook profile, Instagram page, Google My Business and Yelp
• Curate and develop content for websites, emails, blogs, social media pages, etc.
• Assist with media development for properties including photography, videography and collateral
• Assist with preparing internal and investor reporting through Microsoft PowerPoint and preparing marketing reports for analysis
• Assist in additional assignments as needed for other areas within Magnolia Capital

 Who We Are Looking For:

• Bachelor’s Degree in Marketing
• Minimum 1-2 years of corporate marketing experience
• Experience with digital marketing systems and campaigns
• Proficiency in Microsoft Office Suite, especially PowerPoint and Excel
• Exceptional attention to detail and organizational skills
• Problem solver and crafty when needed
• Strong analytical skills
• Creativity – researching, testing and implementing new concepts and technologies
• Working in a fast-paced environment with changing deadlines
• Strong oral and written communication skills
• Excels in an environment with constant change. Adapts, performs and invites additional job responsibilities as the company develops.
• Self-starter who is motivated to succeed, has high energy, and a strong analytical thinking mindset
• Candidate must have proven track record of providing high quality support and completing tasks

Magnolia Capital is currently seeking a Property Accounting Manager for our property management arm of the company, STYL Residential. This role will work closely with the Assistant Controller and Managing Director of Finance to build policies and procedures of the division. The successful candidate must be a self-starter, organized, trustworthy, reliable, punctual, detail-oriented, and personable.

This position is based in Chicago.

Responsibilities: 

• Assist the MD of Finance in maintaining the books of the operating business, including payment processing, bank reconciliations, and budgeting/forecasting
• Assist the MD of Finance and asset management team in managing capital for renovations
• Assist with the completion of monthly variance reports
• Assist in the preparation of annual budgets, as needed
• Manage general ledger journal entries, including month-end accruals, cash disbursements/receipts, and reclassification entries
• Manage property P Card program
• Prepare/review closing prorations and post closing true ups
• Maintain fixed assets and depreciation
• Calculate monthly property management fee calculations
• Review and create property payroll billback invoices
• Review G/L coding and descriptions on invoices and expense reports
• Review month-end financials and work with property management teams to insure completeness and accuracy of income statement
• Oversee and direct third-party property accountants
• Ensure that all bank statements are reconciled on a timely basis and follow-up on all outstanding checks and reconciling items monthly
• Perform balance sheet account reconciliations, following up on unusual activity or stale items
• Perform other duties as assigned

• Bachelor's Degree required in Accounting
• 2-4 years of experience in accounting
• Previous experience with property accounting a plus
• Knowledge of RealPage suite of products a plus, OneSite and Accounting
• Working knowledge of US GAAP and/or Fair Value Accounting
• Highly organized, with excellent time management skills and ability to prioritize and meet deadlines
• High degree of confidentiality required
• Strong written and verbal communication skills
• Strong attention to detail
• Proficient with Excel and other Microsoft Office Suite products
• Ability to collaborate and work in a team environment
• Ability to work with minimum supervision while understanding the necessity of clear communication and coordination and adaptable to change
• Ability to meet stringent deadlines in a fast paced, results-oriented environment

What We Offer:

STYL Residential offers competitive compensation levels, bonus opportunities, and ambitious growth plans.  We offer the following: medical/dental/vision/life insurance, 401(k) plan, PTO, casual dress code, volunteer days, and more!

Promoting our associates’ career growth and providing opportunities for advancement is a cornerstone value of our company.  Our startup culture will allow for the best and brightest talent to excel in an entrepreneurial setting, while our institutional funding and experience will offer the ability to execute an ambitious growth plan for the company.   

Magnolia Capital is currently seeking a Real Page OneSite Superuser train and help understand OneSite properties for the Property Management Platform. We are looking for a dynamic customer advocate, an effective communicator who possesses the ability to build and maintain relationships with internal and external customers. The Superuser must be able to communicate and demonstrate best practices and ROI to new and existing teams.

This position is based in Chicago.

• Knows selected suite of RealPage software products (Active Building, Marketing Center, Business Intelligence, Document Management, EProcurement, etc.) and has familiarity with integration methods, data feeds, and general methods of connecting systems and data.
• Is familiar with hardware specifics that pertain to use of the selected software products.
• Coordinates and communicates available systems upgrades, conversion, and installations by evaluating based on business needs and requirements.
• Proficiency in project management disciplines to enable successful change management.
• Ensures compliance with systems development methodology standards and procedures.
• Oversee and/or assist with gathering system requirements, design, development, testing, and system roll-out, and reporting on results.
• Develops technical reports, documents, user support, and technical manuals and prepares detailed functional program specifications for custom reports, interfaces and other modules.
• Evaluates, recommends, and develops business process improvements and enhancements, including developing detailed workflow diagrams, charts, and project plans from concept through implementation.
• Conducts detailed needs assessments for proposing systems and/or business solutions and researching technology and systems options that align with technology and systems needs and strategies.

• Bachelor’s degree or equivalent job experience in multifamily training positions
• Minimum of 3 years of experience as a Superuser or related experience resulting in a deep understanding of OneSite settings
• Advanced understanding of property management required at both corporate and property level
• Ability to work closely with all levels of the organization and to elicit cooperation from a wide variety of sources, including upper management, clients, and other departments
• Outstanding verbal and written communication skills; excellent presentation skills
• Must be able to multi-task, work in high paced and deadline driven environment
• Ability to complete multiple tasks within desired timelines; excellent project management skills
• Excellent analytical abilities to grasp the key points from complicated details
• Outstanding documentation and follow-up capabilities required
• Exceptional customer service skills
• Ability to work extended hours as needed to ensure deliverables are met
• Ability to travel up to 30%

Financial Performance

• Manage the day-to-day operations of the assigned properties within the approved annual operating budget and business plan to maximize NOI
• Supports the communities to achieve budget
• Regularly monitors each community budget within the portfolio. Reviews financial statements compares to budget and accounts for monthly variances. Implements new strategies or recommends budget adjustments when needed to meet community objectives and goals
• Monitors and manages the portfolio rental rates to maximize income, participating in Revenue Management pricing calls.
• Monitors maintenance of each community within the portfolio. Oversees capital improvements that are part of the property strategy
• Reviews and recommends all contractors and major purchases for approval
• Approves payroll, accounts payable, large purchase orders and expense reports
• Analyzes and reviews annual budgets prepared by assigned Property Managers prior to submitting to the Managing Director of Operations for final review
• Prepare daily, weekly, monthly, quarterly and annual reports as dictated by Ownership reporting requirements.
• Prepare required internal reports such as:
  • staff time sheets
  • weekly performance report
  • quarterly performance reviews
  • monthly A|R delinquency report

Staffing and Staff Management

• Uses effective techniques to recruit, screen, hire and train new Property Managers
• Assists Property Managers with recruiting, interviewing and training all site employees
• Oversees, implements, and participates in on-going staff training, coaching, and counseling. Monitors management of staff and overall staff performance. Develops employees by providing feedback and growth opportunities. Delegates responsibilities and projects when appropriate
• Regularly holds staff meetings to disseminate information, review performance and set expectations
• Ensures on-site management of staff is compliant with company and third-party policies as well as all required regulations.
• Ensures all corporate responsibilities and administrative functions pertaining to staff are timely
• Documents performance properly, completes timely performance evaluations with helpful feedback and addresses performance deficiencies immediately and in writing, when necessary. Communicates performance issues to the Management Team, and terminates per company guidelines, when necessary
• Promotes a positive work environment with effective leadership and by setting the example and supporting staff members

Lease Administration

• Responsible for residential lease administration process, such as:
  • Tenant lease files are complete
  • Fair Housing compliance
  • Annual audits

Marketing

• Regularly monitors market trends and performance of portfolio competition
• Works on targeted marketing initiatives.
• Ensures each community is actively implementing effective outreach marketing and renewal programs

Leasing and Marketing Management

• Responsible for ensuring budgeted occupancy is achieved through Leasing and Marketing
• Monitor all leasing and sales activity and including but not limited to digital marketing, local outreach, and advertising plans.
• Maintain on-going, in-depth knowledge of associated market, market rents and demographics to strategically evaluate and make recommendations for future leasing activity
• Responsible for tenant retention programs and empowered to modify to meet tenant needs and improve retention and traffic to the site

Internal and External Customer Relations

• Coordinates with the Asset Manager to manage investors’ expectations and to set attainable goals. Keeps the Asset Manager informed of major projects, accomplishments, and setbacks for communities within the portfolio
• Addresses current and former resident situations in accordance with Company guidelines in a timely manner
• Sets expectations and addresses issues with vendors or contractors

Qualifications and Skills

• Minimum 3 years of experience as a regional property manager
• Strong, positive, motivational leadership style in managing multiple teams to success
• Technology literacy and the solid understanding of operating software, revenue management (Yieldstar) experience is a must.
• Able to work independently from a remote office
• Excellent written and verbal communication skills
• Possess a high level of problem-solving and analytical skills
• Strong financial and marketing skills
• Ability to prioritize tasks and work in a team environment
• Ability to travel 25% of the time
• Realpage/OneSite Experience preferred