Summary
Overview
Work History
Education
Skills
Accomplishments
References
Languages
Timeline
Generic

Nestor Hermida

Hialeah

Summary

Dynamic General Manager with established expertise at Akam, specializing in budget oversight and team development. Delivered substantial cost savings while managing a $6 million budget and mentoring 28 team members. Proficient in contract negotiations and project management, enhancing efficiency and operational excellence across various properties.

Overview

24
24
years of professional experience

Work History

General Manager

Akam
01.2024 - Current
  • Managed a $6 million dollars operating budget, overseeing 28 team members.
  • Special Assessment of 5.6 million dollars.
  • Special Assessment of $475,000 dollars.
  • Provided coaching and mentoring support for employees at all levels of the organization.
  • Coordinated staff training sessions to ensure compliance with company policies and procedures.
  • Managed profit goals against budget and prior year, keeping controllable costs within budget.
  • Holding supervisors accountable for completing management tasks and activities in alignment with standard operating procedures.
  • Assessed team member performance through formal reviews leading to promotions or terminations as necessary.

Property Manager

Castle Group
03.2020 - 09.2023
  • Managed a $6 million dollars operating budget, overseeing 27 team members.
  • Special Assessment of $ 5.5 million dollars for remodeling of the pool and pool deck, pool cabanas façade, interior of the restaurant, structural repairs parking garage columns, waterproofing of entrance of the building, and replacement of expansion joint located south of the building.
  • Elevator modernization project of $ 2.2 million dollars.
  • Cabana's roof replacement with Duro-Last PVC roof membrane with 20 years warranty.
  • Balcony concrete restoration.
  • Working together with the in-house restaurant operator in the creation of menus, events, inspections, and preventative maintenance.
  • Planned, scheduled, and coordinated general maintenance and major repair projects.
  • Obtained bids and supervised capital or contract service.

Sr. Property Manager

Castle Group
01.2018 - 12.2020
  • Create requests for proposals together with Lerch Bates for the modernization of eleven hydraulic elevators.
  • Replacement of coral flooring with travertine.
  • Waterproof cooper chimney caps, components, and flashings.
  • Installation of waterproof conical hat vents.
  • Create a request for proposal to install garage sump pumps to mitigate flooding.
  • Replacement of terracotta tiles with travertine on four garden style elevator landings.
  • Inspected grounds, facilities, and equipment routinely to determine necessity of repairs and maintenance.
  • Monitored common areas for maintenance and repair needs.

Sr. Property Manager

Castle Group
01.2010 - 12.2018
  • Managing a planned community of 1,865 single families and townhomes with eighteen subdivisions.
  • Supervision of the operations and financials at Grand Bay Master, Doral.
  • Coronado at Doral Condominium- 398 units, and St.
  • St.Marteen Condominium- 198 units.
  • Operating a budget of $4,900,000 with fully funded reserves of $4,200,000.
  • Reduction in monthly assessments from 2011-2016 due to the aggressive collection policy, re-negotiation of service contracts, and efficiently managing projects.
  • We worked together with UBS investment banker to maximize investments opportunities.
  • Expansion of the Gymnasium by adding over 1500 sq, ft. and the replacement of all fitness equipment at a cost of $ 1.100,000.
  • Resurfacing the 300,000 gallons pool and replacement of pool equipment and filtration system to sand filters.
  • Installation of a geothermal temperature control system for the pool at a cost of $ 120,000.
  • Supervised a team of junior staff members responsible for day-to-day operations at assigned properties, illustrating leadership capabilities.
  • Conducted regular inspections of buildings to identify potential hazards or repair needs, utilizing attention to detail skills.

General Manager

First Service Residential
01.2005 - 05.2010
  • One Miami East- 451 condo residences.
  • One Miami West-453 condo residences.
  • One Miami Master Association.
  • Provides management, direction, and leadership to ensure the property is operating in accordance with First Service Residential objectives.
  • Meeting with Related Group, Steven Lesser, Esq, engineers, and board members to finalize the construction disputes in accordance with the engineering report and chapter 558 F.S.
  • Develop standard operating procedures for front desk and security personnel.
  • Create a capital asset binder with clear instructions on how to operate and maintain all the association assets.
  • Provide the necessary administrative tools to the board to enable it to make wise, and informed decisions on both short term and long-term actions and goals.
  • Supervision of projects performed by the Chief Engineer/Maintenance Supervisor.
  • Sets and adheres to the highest standards of performance and instill them in the staff with personal follow-up.
  • Coordinate with two restaurant operators' daily deliveries and activities.
  • Provided coaching and mentoring support for employees at all levels of the organization.

Portfolio Manager

Miami Management, Inc.
01.2001 - 12.2005
  • Coral Seaview Condominium | Brickell Harbour Condominium Associations | Marbella Park & Marbella Park West HOA| Commercial Center III | Los Portales Phases II & III | Villa Canarias Phases I & II, River Run Condominium | River Run Yacht Club | Silver Lakes South HOA

Education

Bachelor of Arts - Real Estate Studies

Ashford University
Online Degree
01.2021

CMCA -

Community Associations Institute
US
01.2021

CAM -

Gold Coast Real Estate School
US
01.2002

Real Estate Associate -

Gold Coast Real Estate
US
01.2001

Skills

  • Budget Management
  • Cost Reduction
  • Efficiency
  • Contract Negotiations
  • Leadership
  • Team Building
  • Team Training
  • Team Development
  • Budget management
  • Project management
  • Financial analysis
  • Team building
  • Staff development
  • Contract negotiation
  • Problem solving
  • Leader
  • Time management

Accomplishments

  • 2016 - The Florida Communities of Excellence Awards - Finance Innovation Finalist.
  • 2012 and 2016 - Awarded Castle Group Property of the Year for excellence in management and operational efficiency.
  • 2011 - Implementation of an aggressive collection policy that reduced accounts receivable from $1.5 M to $393,000 in the first three years, improving cash flow and enabling the association to leverage the freed-up funds for operational growth.

References

  • Bentley Bay Condominium letter of recommendation.
  • Majestic Tower Condominium letter of recommendation.

Languages

Spanish, Fluent

Timeline

General Manager

Akam
01.2024 - Current

Property Manager

Castle Group
03.2020 - 09.2023

Sr. Property Manager

Castle Group
01.2018 - 12.2020

Sr. Property Manager

Castle Group
01.2010 - 12.2018

General Manager

First Service Residential
01.2005 - 05.2010

Portfolio Manager

Miami Management, Inc.
01.2001 - 12.2005

Bachelor of Arts - Real Estate Studies

Ashford University

CMCA -

Community Associations Institute

CAM -

Gold Coast Real Estate School

Real Estate Associate -

Gold Coast Real Estate

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Nestor Hermida