Real Estate Paralegal - Collections

Fairstead is a purpose-driven real estate firm dedicated to building sustainable communities across the country. Headquartered in New York, with offices in Colorado, Florida, and Maryland, Fairstead owns a portfolio of more than 25,000 apartments across 28 states that includes 17,000 units under management. Fairsteads commitment to communities is realized through a comprehensive platform that leverages in-house expertise in acquisitions, development, design and construction, asset management, and property management. Fairsteads primary mission is to provide high quality housing to all regardless of income, and to make our stakeholders feel Right at Home. We accomplish this through an empathetic and innovative approach, and by utilizing our interdisciplinary platform as an investor, developer, owner, and operator. Fairsteads Core Values: Empathy, Innovation, Entrepreneurship, Determination & Integrity We are seeking a highly organized and detail-oriented Real Estate Paralegal with experience in New York multi-family housing to oversee rent collections, manage delinquent accounts, and provide legal assistance in handling disputes and evictions. The ideal candidate will have a strong background in collections, real estate law, property management, and the ability to handle sensitive tenant communications in a professional and empathetic manner. This role will also involve working closely with property managers, tenants, legal counsel, and third-party agencies to minimize financial losses and ensure timely collections. Key Responsibilities: Oversee and manage the rent collection process for multiple multi-family properties. Collaborate with the property management team to resolve disputes and negotiate payment arrangements. Develop and implement collections strategies to reduce delinquency rates and maximize cash flow. Prepare reports on the status of collections and legal actions for management review. Conduct outbound communications (letters, calls, emails) with delinquent tenants. Resolve disputes related to rent payments in a diplomatic manner while ensuring legal compliance. Collaborate with property managers and attorneys to initiate and manage eviction proceedings. Work with outside legal counsel on complex collections and litigation matters. Ensure compliance with local, state, and federal laws governing tenant rights and collections practices. Stay up-to-date on changes in landlord-tenant law and fair housing regulations. Maintain proper documentation and records for each tenant and legal case. Qualifications: Experience in collections, legal assistance, or a related field. Knowledge of New York legal procedures and regulations related to debt collection. Strong organizational and communication skills. Proficiency in financial software and databases. Please note, this role will be based out of our New Savoy Park office. Office location: 15 West 139 Street, NY NY. It is on site everyday 8:30 - 5 PM. Diversity in backgrounds and experiences is key to Fairsteads growth and success. Being an equal opportunity employer is a central tenet of our philosophy that shapes who we are and the communities we serve. Our goal is to ensure competitive total compensation that is commensurate with experience, location, and other market benchmarks. NYC Pay Range: $70,000 - $140,000

Created: 2024-11-07