Summary
Overview
Work History
Education
Skills
Websites
Certification
Timeline
Generic

Chirag Chaudhari

Phoenix,OR

Summary

Dynamic Asset Manager with a proven track record in optimizing performance for high-value multifamily portfolios. Oversee all aspects of property management and operational improvements across portfolios valued at nearly $700 million. Skilled in reducing operational costs, enhancing tenant satisfaction, and maximizing rental income through strategic initiatives. Adept at leading cross-functional teams, implementing innovative pricing tools, and driving financial performance for investors. Thrives in fast-paced, high-stakes environments with a focus on communication, collaboration, and results-driven solutions.

Overview

7
7
years of professional experience
1
1
Certification

Work History

Asset Manager

RCM-Living
01.2022 - Current
  • Leveraged extensive experience in student and multifamily asset management to optimize performance for a portfolio valued at nearly $700 million, including student housing properties.
  • Act as the liaison between operations, acquisitions, construction, property teams, and asset management, ensuring seamless coordination across all teams.
  • Implement strategic pricing tools, driving rental income growth while reducing vacancy rates and controlling operating expenses
  • Monitor financial performance through budget variance analysis and corrective actions, consistently achieving cost-efficiency and maximizing revenue
  • Conduct comprehensive property inspections (including unit walks), identifying risks, safety concerns, and value-add opportunities
  • Collaborate with third-party engineering firms to resolve complex building system issues in high-rise student housing and multifamily properties, delivering cost savings exceeding $500,000
  • Led the internal transition of service tasks, cutting operational costs by approximately $300,000 annually per asset
  • Redefined recruitment strategies to build high-performing teams specialized in managing complex student housing properties, driving operational excellence
  • Strengthened relationships with brokerage firms to streamline leasing for retail spaces, contributing to portfolio performance
  • Analyzed delinquency and lease policies, uncovering a $250,000 financial shortfall and spearheading policy reforms that expedited collections and boosted occupancy rates
  • Led investor tours, showcasing strategic initiatives and financial performance, creating a transparent investment experience
  • Managed the rebidding of insurance contracts across the portfolio, driving further operational efficiencies

Property Manager

The X Company/Cardinal
01.2020 - 01.2022
  • Developed and implemented capital improvement plans for student housing and multifamily properties, enhancing asset value and curb appeal.
  • Managed annual budgeting and financial planning for properties, driving financial performance through cost-saving initiatives and optimized resource allocation.
  • Spearheaded strategic initiatives addressing property-specific challenges, leading to significant increases in portfolio net operating income.
  • Coordinated daily operations for a diverse portfolio, focusing on student housing properties, overseeing maintenance, vendor relations, and tenant communications.
  • Improved efficiency in preventive maintenance, specifically in complex HVAC and boiler systems, reducing downtime and costs.
  • Demonstrated expertise in local landlord-tenant laws, ensuring compliance in all student housing property management activities.
  • Successfully retrained leasing teams to enhance efficiency, resulting in faster occupancy rates and improved operational performance.

Assistant Property Manager

Stuho
01.2018 - 01.2020
  • Managed operations for a flagship student housing property, overseeing day-to-day tasks and ensuring timely maintenance and tenant satisfaction.
  • Implemented a successful collections strategy, significantly reducing delinquency rates across the student housing portfolio.
  • Led leasing strategies tailored to student housing, reducing acquisition costs and streamlining leasing processes.
  • Collaborated with marketing teams to create targeted leasing campaigns, attracting the student demographic effectively and increasing occupancy rates.
  • Organized resident events, fostering community engagement and improving tenant satisfaction within the student housing property.

Education

Bachelor of Science -

Northern Illinois University
Dekalb, IL
12-2018

Skills

  • Portfolio Management
  • Student & Multifamily Housing
  • Financial Analysis & Budgeting
  • Capital Improvement Projects
  • Team Leadership & Recruitment
  • Operational Efficiency
  • Vendor Management
  • Lease & Delinquency Policies
  • Property Inspections & Risk Assessment
  • Lease-Up Strategies
  • Preventive Maintenance
  • Relationship Building
  • Property Management
  • Risk Management

Websites

Certification

  • Real Estate Sales License

Timeline

Asset Manager

RCM-Living
01.2022 - Current

Property Manager

The X Company/Cardinal
01.2020 - 01.2022

Assistant Property Manager

Stuho
01.2018 - 01.2020

Bachelor of Science -

Northern Illinois University

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Chirag Chaudhari