Property Manager - New Construction/Lease Up

Yellow Tree, an award-winning Minneapolis-based real estate firm, is hiring a Property Manager for a Class-A, new construction, market-rate community in Farmington, MN. This is a great opportunity for someone located in the South Metro (Lakeville, Apple Valley, Rosemount) who’s ready to take the next step in their property management career and make an immediate impact.

In this role, you’ll oversee day-to-day operations and lead efforts to lease up and stabilize the property. You’ll collaborate with leasing, marketing, and maintenance teams to ensure a high-performing, service-driven community experience. Your focus is to drive results, support your team, and deliver exceptional service to residents.

The ideal candidate brings strong property management experience—especially in lease-ups—and is comfortable using modern tech tools to manage operations efficiently. At Yellow Tree, our Property Managers are strategic leaders who foster teamwork, maintain high standards, and contribute to our mission of transforming communities.

Our culture is rooted in trust, transparency, and integrity, with a deep commitment to both our team and the residents we serve. If you're looking to grow your career with a nimble, purpose-driven team, we’d love to hear from you.

Position Requirements
2+ years’ experience with multi-family Property Management, preferably in Class A, Luxury and New Construction.  This is a perfect role for a seasoned Leasing Manager or Assistant Property Manager looking to move up or grow in their career.  Leasing experience required, lease-up experience preferred.  
 
Position Summary
We are seeking a Property Manager who will oversee and manage the day-to-day operations of our brand-new property in Farmington, MN.  You will work collectively with the Leasing & Marketing Manager and the Area Manager to identify operational goals, guide staff members, and develop strategic plans for leasing up and stabalizing the property.  This is not an entry level role.  However, we may have more roles available - click the link below to view those job postings and apply.

Yellow Tree Jobs Board:  https://yellowtree.bamboohr.com/jobs/

Salary
•    Competitive Base Salary
•    Monthly Manager Bonus
•    Generous commission structure for new and renewal lease

Benefits
•    Medical
•    Dental
•    Vision
•    401K (with company match)
•    HSA (with company contribution)
•    Company paid Life Insurance
•    Company paid short & long-term disability
•    3-week PTO & 10 paid holidays:    New Years Day, Good Friday, Memorial Day, Juneteenth, Independence Day, Labor Day, Thanksgiving, Black Friday, Christmas Eve & Christmas Day
•    Professional development
•    Cell phone reimbursement
•    15% rent discount
 
Essential Functions
General Operations
•    Ensure the property is meeting daily expectations as dictated ownership.
•    Property and grounds walks expected regularly to ensure compliance, appearance, and safety standards are being met.
•    Oversee all operations of the property including maintenance, lease administration, budgets, forecasting, reporting, collections, evictions, anticipated vacancies, marketing, leasing & lease renewals, service contracts & renewals, cost control and revenue improvement programs, capital improvement projects and other operations functions.
•    Responsible for property financial performance and managing key business metrics (market comp analysis, NOI, resident retention, occupancy, etc.).
•    Must demonstrate the ability to understand financial goals and assist in the formulation, implementation and management of annual budgets.
•    Actively maintain and report monthly variances and narratives.
•    Regularly communicate with corporate leadership, residents and ownership.
Customer Service
•    Address resident complaints, concerns and requests appropriately.
•    Provide outstanding customer service and communication to the residents to enhance customer satisfaction thereby reducing apartment turnover and increasing revenue, reputation and overall profitability for the owner.
•    Create and maintain a positive living experience for all residents through prompt conflict resolution and consistent follow-up.
 Marketing & Leasing
•    Complete in-depth analysis of sub-market monthly, to ensure your full understanding of market drivers.
•    Create and implement marketing initiatives that help drive revenue.
•    Strategize leasing efforts to fill vacancies and pre-lease for future vacancies to adhere to forecasted goals.
Supervision
•    Lead by example and help develop other team members.
•    Supervise the day-to-day operations of site-team members.
•    Provide leadership, mentoring, coaching and guidance as needed for other team members to create a cohesive team.
•    Partner with maintenance staff to ensure a safe and well-maintained community.

Personal Attributes
•    Organized and detail oriented
•    High energy
•    Innovative
•    Demonstrated leadership and strategic thinking skills
•    Results focused
•    Warm, friendly and service oriented
•    Extremely flexible with the ability to adapt to change
•    Ability to multi-task
•    Superior written, verbal and oral communication skills
•    High degree of computer literacy
•    People oriented
•    Customer service driven
•    Team player

Experience & Skills
•    A minimum of two years multi-family property management; ideally managing lease-ups and/or Class A buildings.
•    Knowledge of Fair Housing regulations.
•    High School diploma or equivalent, college-level education strongly preferred.
•    Computer proficiency including Microsoft Word, Outlook, Excel and the ability to learn property management applications.
•    Entrata property management software knowledge (preferred).
•    Reliable personal transportation and the ability to travel between sites.
•    Excellent follow up and follow through skills; solid organizational and interpersonal skills; ability to work as a team member.
•    Excellent verbal and written communication skills.
•    Excellent organizational skills.
•    Must pass background check and drug testing.
•    Experience managing budgets and financials is expected.
•    Have proven customer service experience.
•    Time management, leadership, and problem-solving abilities.
•    Adheres to Fair Housing, Equal Employment and Equal Housing Opportunity requirements.