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Revenue Manager
Kairoi ResidentialRevenue Manager responsible for optimizing pricing and revenue management in multifamily housing. Collaborating with operations, clients, and marketing to maximize revenue and occupancy.
Tech Stack
Tools & technologiesSQLTableau
About the role
Key responsibilities & impact- Develop and implement revenue management strategies grounded in data, market intelligence, and operating performance for a portfolio of multifamily communities.
- Establish pricing recommendations for new leases, renewals, transfers, and lease terms.
- Manage daily pricing and renewals within revenue management platforms and ensure recommendations align with ownership objectives.
- Monitor and adjust concessions, specials, and promotional programs to achieve occupancy and revenue goals.
- Optimize lease expiration schedules to minimize vacancy exposure and turnover concentration.
- Identify opportunities to maximize ancillary revenue streams, including parking, storage, pet fees, utilities, and other income sources.
- Analyze asset performance metrics including occupancy, leased percentage, exposure, renewals, traffic, conversion ratios, rent growth, delinquency trends, and revenue attainment to inform potential strategy adjustments and optimize operating performance.
- Forecast occupancy, rental revenue, and market performance to support budgeting and business planning.
- Identify risks and opportunities impacting revenue growth.
- Present pricing strategies, revenue performance, market conditions, and recommendations to clients and Operations partners.
- Assist with the preparation of forecasts and re-forecasts as requested.
- Conduct market research and competitive pricing analysis; collaborate with regional leaders to determine the competitive positioning of properties.
- Monitor local supply and demand conditions, new developments, economic trends, and competitive positioning.
- Maintain accurate competitive sets within revenue management systems.
- Lead weekly pricing and revenue review calls with Regional Managers, Community Directors, and Clients/Asset Managers.
- Partner with Operations teams to ensure pricing strategies are effectively implemented.
- Collaborate with Marketing to align leasing initiatives and demand generation strategies with pricing objectives.
- Provide training and support to onsite teams regarding pricing strategy, lease management, and revenue optimization tools.
- Communicate revenue strategy and performance updates to executive leadership and ownership groups.
- Address pricing concerns and requests promptly and effectively.
- Lead the implementation, configuration, optimization, and ongoing administration of revenue management platforms for new and existing assets.
- Configure lease parameters, pricing rules, amenity pricing, and asset-specific strategies within revenue management systems.
- Act as the subject matter expert on revenue management systems, providing guidance and support to leadership and field teams.
- Monitor system recommendations, overrides, and adoption rates to ensure consistent execution of pricing strategies across the portfolio.
- Manage and maintain revenue management software platforms and related reporting tools.
- Ensure revenue management best practices are consistently applied to new lease and renewal pricing.
- Audit pricing overrides, lease compliance, amenity pricing, and system settings.
- Develop dashboards and reports that provide actionable insights to stakeholders.
- Ensure data integrity across property management and revenue management systems.
Requirements
What you’ll need- Bachelor’s degree in Finance, Real Estate, Business Administration or a related field required.
- 5 years of relevant experience in pricing/revenue management; preferably within the multifamily housing industry.
- Third-party management company experience strongly preferred.
- Thorough understanding of RealPage platforms including AIRM and Yieldstar; experience with additional revenue management software such as Yardi Revenue IQ, REBA, Rentana, LRO, or similar platforms.
- Proficiency in analyzing operating/income statements to evaluate performance metrics.
- Strong analytical skills, including the ability to manage multiple projects and maintain strong attention to detail.
- Strong communication skills, written and verbal with the ability to articulate concisely and persuasively in all levels of business.
- Self-motivated and able to work effectively with limited direction.
- Ability to adapt to changing demands and operate with a high degree of flexibility.
- Strong project management skills, including effective time management, organization, and the ability to meet deadlines.
- Advanced proficiency in Excel required; experience with SQL, Power BI, Tableau, or other business intelligence and reporting tools preferred.
- Must have a valid driver’s license with no major infractions in the last 12 months.
Benefits
Comp & perks- Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Employee often exposed to outside weather conditions.
- Noise level in the work environment is usually moderate.
ATS Keywords
✓ Tailor your resumeApplicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
revenue managementpricing strategydata analysismarket researchfinancial forecastingoccupancy analysisperformance metrics evaluationlease managementproject managementdata integrity
Soft Skills
analytical skillscommunication skillsself-motivatedflexibilityattention to detailorganizational skillstime managementcollaborationleadershipproblem-solving