Job Descriptions
Property Management

VP of Real Estate Operations

The role of a Vice President (VP) of Real Estate Operations is pivotal within any organization operating in the real estate sector. This executive position is tasked with overseeing the daily operations of the real estate portfolio, ensuring strategic management and effective functioning across various departments including sales, leasing, property management, and compliance. The VP of Real Estate Operations plays a critical role in shaping company policies, developing strategic plans, and guiding the real estate activities to align with the overall business objectives.

Key Responsibilities

The VP of Real Estate Operations is responsible for a wide array of duties that are crucial for the smooth operation and profitability of the real estate portfolio. Primary responsibilities include:

  • Developing and implementing operational policies and strategies that align with the company's goals.
  • Overseeing property management, including maintenance, leasing, and tenant relations.
  • Leading and coordinating with various departments such as finance, marketing, and human resources to ensure operational coherence and efficiency.
  • Managing budgeting and forecasting operations, optimizing spending and financial management related to real estate projects.
  • Assessing market trends and real estate conditions to adjust strategies accordingly.
  • Ensuring compliance with local, state, and federal real estate laws and regulations.
  • Guiding the sales team in achieving sales targets and enhancing customer satisfaction.

Key Tasks and Duties

Day-to-day tasks of a VP of Real Estate Operations include:

  • Directing real estate activities to enhance profitability and efficiency.
  • Analyzing performance data related to real estate operations and making recommendations for improvement.
  • Negotiating and approving contracts and agreements with vendors, agents, and other stakeholders.
  • Leading recruitment, training, and development efforts to build a high-performing operations team.
  • Reporting to senior executives on progress and issues related to real estate operations.
  • Facilitating effective communication across all levels of the organization to ensure alignment and responsiveness to market dynamics.

Education and Certification Requirements

To qualify for the position of VP of Real Estate Operations, candidates generally need the following educational background and certifications:

  • A Bachelor’s degree in Business Administration, Real Estate, or a related field is typically required. A Master’s degree in Business Administration (MBA) or similar can be advantageous.
  • Professional certifications such as a Real Estate Broker’s license or certifications from the Institute of Real Estate Management (IREM) such as CPM (Certified Property Manager) can be highly beneficial.
  • Extensive experience in real estate management or a similar role, typically not less than 10 years, with proven leadership capabilities.
  • Strong understanding of real estate law, finance, and market dynamics.

This role demands not just a deep understanding of real estate operations, but also excellent leadership, strategic planning, and communication skills. The VP of Real Estate Operations is essential in steering the company towards growth and operational excellence, making it a highly significant and respected position within the industry.

VP of Real Estate Operations salaries in 2024

How much can VP of Real Estate Operations make? It depends on their location and experience. Below you can find an average salary in the US and UK to have an idea.

🇺🇸 $247,713

In the United States, VP of Real Estate Operationss make $247,713 per year on average.
The range is $183,019-$312,693 based on seniority and location of the individual.

🇬🇧 £61,434

In the United Kingdom, VP of Real Estate Operationss make £61,434 per year on average.
The range is £41,188-£81,680 based on seniority and location of the individual.

Salary information for VP of Real Estate Operations is not available.

The information above has been collected in 2024 from various online sources.
The information above has been collected in 2024 from various online sources.
The information above has been collected in 2024 from various online sources.

Free Job Description Template

Create Your Own

Company Introduction

Welcome to [COMPANY NAME], a leader in the property management industry dedicated to providing superior living experiences. With over [NUMBER] properties across [AREAS/COUNTRIES], our mission is to enhance community living through exceptional management services, innovation, and a commitment to customer satisfaction. Join us, and help shape the future of real estate operations.

Job Description

We are seeking a visionary VP of Real Estate Operations to oversee and transform our property management operations. In this role, you'll lead initiatives to optimize property performance, tenant satisfaction, and team productivity. Ideal candidates will bring a blend of leadership, innovation, and operational acuity to our fast-paced environment.


  • Develop and execute operational strategies that enhance property value and satisfy tenants.
  • Oversee all aspects of property management including maintenance, leasing, customer service, and compliance.
  • Lead a large team of property managers and support staff to achieve business goals.
  • Analyze operational data to forecast trends, prepare budgets, and manage resources effectively.
  • Collaborate with cross-functional teams to drive innovations and improvements within properties.
  • Ensure all properties meet legal and safety standards.
  • Maintain excellent relationships with tenants, vendors, and real estate partners.


  • Bachelor’s degree in Real Estate, Business Administration, or related field. Master’s preferred.
  • Minimum of [NUMBER] years experience in senior management within property management or real estate.
  • Strong leadership skills and proven ability to manage large teams and projects.
  • Exceptional communication and interpersonal skills.
  • Expertise in financial management, operational strategy, and tenant relations.
  • Proficient with property management software and technology.

Perks and Salary

At [COMPANY NAME], we value our employees and offer a competitive salary package with benefits that include comprehensive health coverage, retirement plans, and generous vacation policies. Salary range for this position is [SALARY RANGE], commensurate with experience. You'll also enjoy a collaborative working environment with opportunities for professional growth.

How to Apply

To apply for the VP of Real Estate Operations position, please submit your resume and a cover letter outlining your qualifications and experiences to [EMAIL ADDRESS] by [DEADLINE DATE]. We look forward to considering your application and potentially welcoming you to our team!

Interview Questions for VP of Real Estate Operationss

Create Your Own

Can you describe your previous experience in managing large-scale real estate operations?

This question helps to gauge the candidate's direct and relevant experience in the field of property management, particularly at a high executive level. Understanding the scale and scope of their previous roles will provide insight into their capability to handle the responsibilities of a VP of Real Estate Operations.

How do you approach budget management for large property portfolios?

Budget management is crucial in real estate operations to ensure profitability and financial health. This question aims to assess the candidate’s financial acumen and their ability to effectively allocate and control financial resources in a large-scale operation.

What strategies do you implement for effective team leadership and development?

The success of real estate operations heavily relies on the performance of the team. This question explores the candidate's leadership style and their strategies for motivating, developing, and leading a diverse team to achieve business goals.

Can you give an example of a challenging project you managed and how you approached problem-solving?

This question assesses the candidate's problem-solving skills and their ability to handle challenges and obstacles in real estate management. Insights into their methods will show how they navigate complexities and deliver successful outcomes.

Describe a situation where you had to adapt to significant changes in the market or regulations.

The real estate market can be volatile and subject to many external influences, including changes in legal regulations. This question tests the candidate's adaptability and their ability to strategize and react effectively under changing circumstances.

What innovations in property management have you implemented or advocated in your previous roles?

Innovation is key to keeping a property management company competitive and efficient. Understanding what innovative ideas the candidate has previously embraced or initiated will highlight their forward-thinking and commitment to continuous improvement.

How do you ensure your operations align with the overall company vision and goals?

This question is crucial to determine if the candidate can strategically align their department’s goals with those of the broader company, ensuring coherence and unified growth within the organization.

What are your long-term career goals, and how does this position fit into them?

Assessing the candidate's career aspirations helps determine whether they view the VP position as a mere stepping stone or as a meaningful part of their career path. This can impact their motivation and potential longevity in the role.

How do you assess and mitigate risks in real estate investments and operations?

Understanding the candidate's risk management strategies is vital for a role that will likely involve significant investment decisions and operational risks. This question reveals their caution and foresight in crucial decision-making processes.

Can you describe your experience with technological tools in the management of real estate?

Efficiency in modern real estate operations often relies on the use of advanced technological tools. This question will help determine the candidate’s level of comfort and proficiency with technology, which is essential for driving operational efficiency.

Frequently Asked Questions

What are the primary responsibilities of a VP of Real Estate Operations in Property Management?

The VP of Real Estate Operations primarily oversees the day-to-day operations of a property portfolio, ensuring efficient management and profitability. Responsibilities include strategic planning, overseeing property maintenance, tenant relations, lease management, budgeting, and supporting the growth of the property portfolio through acquisitions and improvements.

What qualifications are required for the VP of Real Estate Operations position?

Typically, this position requires a bachelor's degree in Real Estate, Business Administration, or a related field. Many firms also prefer candidates to have a Master’s in Business Administration (MBA) or relevant graduate degree. Professional experience of at least 10 years in property management or a similar field is generally expected, with several of those years in a leadership role. Strong financial acumen, leadership skills, and a deep understanding of property management laws and regulations are also essential.

How does the VP of Real Estate Operations collaborate with other departments?

The VP of Real Estate Operations collaborates closely with various departments such as finance, legal, marketing, and human resources to ensure that all aspects of property management align with the company's policies and objectives. They coordinate with the finance department for budgeting and financial planning, work with legal for compliance and lease agreements, and liaise with marketing to promote properties effectively.

What are the career prospects for someone in a VP of Real Estate Operations role?

Career prospects for a VP of Real Estate Operations are generally positive, with opportunities to advance into higher executive positions such as Senior Vice President or Chief Operating Officer. Many also transition into related areas such as real estate investment, development, or start their consultancy services within the property management industry.

What are the key challenges faced by VPs of Real Estate Operations?

VPs of Real Estate Operations face challenges such as managing diverse property portfolios, adapting to market changes, ensuring regulatory compliance, and maintaining tenant satisfaction. They must also handle the complexities of property management technology, sustainability practices, and workforce management in today’s dynamic real estate market.

Can the VP of Real Estate Operations work remotely?

While remote work is possible, the nature of the job often requires presence onsite or in the office to effectively manage operations, conduct inspections, and engage with staff and tenants. However, some aspects of the role, like strategic planning and report analysis, can be done remotely depending on the company's policies.

What key skills are crucial for success in this role?

Successful VPs of Real Estate Operations typically possess strong leadership skills, strategic thinking, excellent communication abilities, and a thorough understanding of property management software and systems. They also need to be adept in financial planning, negotiation, and crisis management to effectively steer their operations through various challenges.

Similar job titles

Hiring VP of Real Estate Operations?

At BuildStream we build you a pipeline of high quality, ready to interview candidates without breaking the bank.
  • Get qualified, ready to interview candidates within 72 hours
  • Our expert sourcing team fits around your processes
  • No commission fees or long contracts
  • Fast turnaround time without compromising on quality
Thank you! We will get back to you soon!
Oops! Something went wrong while submitting the form.
Terry Clarke, the founder of BuildStream, will schedule a 30 minute call to discuss your needs and talk about our services.