Acquisition Agent at Vinebrook Homes in Winston Salem, North Carolina

Job Description:

RESIDENTIAL REAL ESTATE ACQUISITIONS AGENT

When you join VineBrook Homes, LLC. you join a diverse and growing team of talented professionals who are changing the property management industry. VineBrook is an internally managed real estate company specializing in acquiring, renovating, and leasing single family homes. We take a different approach, focusing on affordability and value for our residents. VineBrook has built a culture of people committed to ensuring a world class resident experience. We are united around a desire for excellence and innovation. Unified by our mission, we are developers, creators, designers, managers, technicians, and most importantly leaders. Each of us is a trailblazer with a tremendous opportunity to have a positive impact on the lives of our valuable residents. Since our commencement in 2007, we have quickly become one of the largest providers of quality rental homes.

Position Summary/Objective 

VineBrook Homes has an exciting opportunity for a full-time Acquisitions Agent to join our team. To sustain our rapid growth, we need candidates who bring innovative thinking and thrive in a fast-paced working environment. Additionally, qualified candidates will need to be organized, goal-oriented and ambitious. We seek the most talented professionals to help foster a culture of creativity and growth.

This opportunity provides the Acquisitions Agent a leading role in assisting all aspects of residential property investment and the acquisitions process, with a focus on the sourcing, underwriting, negotiating, and closing of residential real estate. The selected candidate will have a significant professional network, be immersed in the local market and all aspects of residential real estate investment, specifically in the Single-Family Rental Home (SFRH) sector. Ideal candidates possess an entrepreneurial spirit with in-depth knowledge of the local residential real estate investor market and have significant transactional experience. Additional strengths include the ability and/or experience underwriting and modeling of individual and portfolios of properties, market intelligence and analysis and transaction execution. VineBrook Homes is an ever-changing environment. We seek candidates who embrace and ignite change that drives growth and program improvement.

Essential Duties and Responsibilities

- Sourcing, underwriting and assisting in acquiring single-family rental homes in the individual's local market, both utilizing established networks and connections, as well as seeking out new ones.

- Leverage existing contacts for off-market sales and portfolios, while also connecting with and managing new relationships with agents, property owners, investors, flippers, etc.

- Complete due-diligence and participate in the deployment of capital via acquisition of SFRH assets identified, while adhering to investment guidelines and underwriting standards.

- Identify process and policy improvement opportunities, share best practices with peers, and proactively communicate cross-functionally to drive organization performance.

- Analyze and underwrite properties and portfolios diligently, using Salesforce and Excel.

- Prepare and present documents such as purchase agreements, closing statements and leases.

- Assist in scheduling and evaluating property rehab budgets with the help of in-market estimators.

- Perform tasks outside of normal course of business when required, such as meeting estimators at subject properties.

- Partake in time-sensitive, ad-hoc projects and other duties as assigned.

Minimum Qualifications (Knowledge, SKILLS, and ABILITIES)

- Bachelor’s degree with focus in Finance, Real Estate or Business Management. Advanced degrees or certifications are a plus, but not required (MBA, JD, CFA or CAIA).

 - 2+ years of relevant experience as a real estate broker or agent preferred, but those who possess prior experience in sales or as an analyst in an investment, finance, private equity, or real estate related role may also be considered. Prior experience working with single-family rental homes for large or institutional investor preferred, but not required.

- Real Estate broker or salesperson's license required.

- Ability to source and identify potential acquisition targets from both the MLS and off-market channels.

- Ability to underwrite properties to company investment targets, using Salesforce and Excel.

- Understanding of advanced principles of residential valuation, including the use of sales and rental comparables.

- Ability to organize and manage an acquisitions pipeline using Salesforce.

- Proficient with all Microsoft Office applications including Word and PowerPoint; familiarity with Salesforce a plus.

- Highly developed verbal and written-communication skills, with strong judgement and decision-making abilities.

- Detail-oriented, with solid organizational skills and the ability to multi-task in a fast-paced environment.

- Outstanding interpersonal skills; team oriented.

- Strong negotiation and communication skills.

- Sound knowledge of local property and real estate landscape.

- Possess a valid driver's license.

- A Change Agent: recognizes opportunities, provides solutions, and enables implementation.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. 

Supervisory Responsibility

This position requires no supervisory responsibilities.

 Travel

This position is expected to require less than 10% travel. 

Other Duties

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice. 

Acquisitions/ Dispositions

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