Description Realty Income aims to be a globally recognized leader in the S&P 100, committed to creating long-term value for all stakeholders. These stakeholders include our dedicated team members, who embody our purpose:
building enduring relationships and brighter financial futures. This guiding principle serves as a beacon for our team, influencing every action we take. Realty Income's employees consistently invest their time, commitment, and dedication into the company, and in turn, they receive investment returns in the form of purpose, belonging, and opportunities for advancement. Realty Income is committed to best-in-class corporate responsibility practices through environmental initiatives, governance programs, and community outreach projects. From the boardroom to the breakroom, our team members make a difference every day.
Position Overview: The Rent Transaction Specialist will be responsible for ensuring the timely processing of Lease Status Inquiries, Legal Checklists, Transaction Checklists, and related communication. The Rent Transaction Specialist will provide support to Finance Operations, Asset Management, Property Management, and Accounting departments on transaction-related matters. This is a hybrid role, with Tuesday, Wednesday, and Thursdays required in-office.
Key Responsibilities: Accounting:
- Responsible for ensuring timely, accurate processing of transaction checklists for the entire Real Estate Portfolio.
- Maintain accurate tenant ledger records, including proper notification of changes to other department personnel.
- Review portfolio transaction reports and decipher settlement statements to ensure that all relevant items (e.g., payments, credits, refunds, etc.) are reflected in Yardi. If necessary, investigate ambiguous information with the Legal Department, Portfolio Data Management, Tax, and CAM departments for clarification.
- Review portfolio transaction change reports and ensure that all updates are reflected in Yardi (e.g., renewals, terminations, releases, etc.).
- Review appropriate rental set-up and communicate such details to Finance Operations as needed, such as setting up ACHs for new transactions as needed.
- For transactions without a Portfolio Transaction Change Report, review and analyze the body of the email, lease amendment (if applicable), settlement statement, and/or any other related documents to determine transaction type and necessary processes.
Administration:
- Point-of-contact for transaction-related inquiries.
- Professional, proactive, and effective communication with Legal, Asset Management, Property Management, and Finance Operations for tenant-related transactions.
- Timely completion of legal checklists; verification of rental amounts for property dispositions; provide relevant input for property releases.
- Timely response to Lease Inquiries for Renewals / Options to Extend, and Sales.
- Proactively communicates with tenants as transaction-related questions arise.
- ACH setup, Uncollected Rent and/or Sales Tax on Rent, Holdover Rent Increase.
Qualifications: A qualified candidate is typically expected to have:
- Strong attention to detail and high level of accuracy in data entry and financial records. Ability to read and interpret lease agreements, settlement statements, and related legal and financial documents.
- Excellent written and verbal communication skills.
- Ability to manage multiple priorities in a fast-paced environment and meet deadlines.
- Strong problem-solving skills and proactive approach to resolving issues.
- Ability to work collaboratively across multiple departments (Legal, Accounting, Property Management, Asset Management, Finance Operations).
Preferred:
- 2+ years of relevant professional experience in accounts receivable, property accounting, lease analysis, or related positions.
- Bachelor's degree in accounting, Finance, Business Administration, or related field preferred.
- Proficient with Microsoft Excel (formulas, pivot tables, data analysis).
- Experience with Yardi or similar property management/accounting software preferred.
- Familiarity with real estate transactions, lease administration, or property accounting is a plus.
What you will get in return: The hourly pay range for this role is $25.66 - $28.86 - $33.21 Offers near the high end are uncommon but may be considered for candidates with exceptional experience and skills and are dependent on the facts and circumstances of each case. You may be eligible for an annual discretionary bonus and an annual discretionary stock award, to be discussed during the interview process. An annual pay rate and total compensation package is generally determined by the candidate's experience, knowledge, education, skills, performance, and abilities, as well as internal equity, company performance, and alignment with market data. Most US-based full-time and part-time roles come with flexible schedules. We offer a best-in-class benefits package that includes healthcare, dental, and vision insurance for employees and eligible dependents. Our 401(k)-retirement plan has a company match of 50% up to 6% of eligible compensation. Realty Income also offers other wellness, financial, and work/lifestyle-specific benefits, along with 8.66 PTO hours every month; in addition to 12 paid holidays, and paid volunteer time. Realty Income's purpose is to build enduring relationships and brighter financial futures, and this starts with you! Realty Income is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. If you require accessibility support to submit your application or other reasonable accommodations to participate in the recruitment process, please contact [email protected], or call 800-###-####. An employee will respond to your message to begin the interactive process. Please note that this phone number and email address are only for individuals seeking a disability accommodation when applying for a job.