Manager Property

Benjamin J. Sopkin, RAM, NYARM, CPM

Rego Park, NY 11374

***********@*****.*** • 646-***-**** • linkedin.com/in/benjamin-sopkin-21704748/

Accomplished Property & Asset Manager / Trusted Real Estate Expert

Consistent record of successes in 180-transformations of distressed buildings into thriving properties.

Entrepreneurial strategist with years of proven expertise in area assessments, code compliance, process efficiency, revenue maximization, cost control and creative permanent problem resolutions.

Collaborative approach to management with the ability to develop and mobilize medium- to large-scale teams.

Master of collaborative partnership initiation and cultivation.

— Areas of Expertise —

Strategic Leadership Asset Management Real Estate Sales Operation

Distressed Property Turnaround Renovation & Construction Projects

Contractual Negotiations Employee Retention Partnership Cultivation Stakeholder Relations

P&L Accountability Revenue Growth Inventory Control Financial Management Resource Allocation

Risk Management Code Compliance Violation Analysis Building Maintenance & Repairs

— Career Accomplishments —

Stabilized and catapulted the success of 20 to 30 properties in the New York Metropolitan Area and New Jersey in just a year for Safeguard Realty

Championed major contractual negotiations with vendors, triggering 20% in cost savings.

Re-engineered David Minkin Management's accounts receivable process enabling $1M in monthly receipts with less than a 5% delinquency rate.

Elevated Fraga Realty Partners, LLC and Goldenway Associates' Gross Potential Income (GPI) from $120K to $360K per year following the 180-turnaround on the 4-story apartment.

Spared 158th Street & Riverside Housing Company from a $2M civil litigation by promptly eliminating 75K gallons of oil and water within the building’s crawlspace.

PROFESSIONAL EXPERIENCE

Wentworth Management, LLC Wentworth Realty, LLC Long Island City, NY

PRESIDENT 2015 to Present

Execute the vision to further expand the Wentworth name and legacy through management and real estate financial services. Endeavor to maximize owner goals and objectives with emphasis on optimum portfolio performance, massive returns on investment and valuation on capital assets.

KEY ACHIEVEMENTS:

Partnered with the best developers to incorporate cutting-edge technology into Wentwoth Management; thus, transforming the process into twice as efficient and productive than the conventional one-size-fits-all property management systems.

Expanded the company's ability to provide world-class service by simultaneously attending to the needs of more landlords and tenants.

Introduced a functional yet user-friendly platform for residents to transact and communicate needs and concerns; therefore, generating prompt and permanent resolutions to recurring issues.

Significantly maximizing NOI and capital asset valuation by eliminating unnecessary labor cost, streamlining the hazardous waste management process and maximizing operational and fiscal efficiency.

Effectively structured Wentworth Realty as a Financial Services Organization with the ability to extend financial services.

Safeguard Realty Management, Inc. New York, NY

SENIOR PROPERTY MANAGER 2016 to 2017

Provided direction to a workforce of 30 real estate professionals. Collaborated with a wide network of vendors. Extended guidance to HOA developments. Trained and mentored a tactically aggressive salesforce consistently hitting goals and exceeding goals expectations. Practiced transparent communications in guiding clients through acquisition, disposition, redevelopment, repositioning, and operation of real estate assets. Mitigated landlord-tenant disputes applying a thorough review of the facts. Facilitated of evictions, buyouts and negotiations.

KEY ACHIEVEMENTS:

Exhibited prudent accountability in the development and management of $20M worth of operating and capital budgets, funds allocation, RFP analysis and financial reporting.

Delivered topnotch property management, brokerage, and construction management services across 100 buildings.

Effectively managed a diverse portfolio of co-ops, condos (classes A and B) and distressed residential and commercial properties.

Provided better financial visibility through operating/capital budgets, RFP analysis, financial reports and CAM charges analysis related to CAPX requirements.

Trusted advisor to Board Members and Property Owners driving permanent resolutions to previously recurring issues.

Impact Property Real Estate Management, Inc. New York, NY

PORTFOLIO MANAGER 2014 to 2015

Accountable for the performance of 10 properties in Manhattan, Brooklyn, Queens, and Staten Island comprised of HDFC; 5 private corporations; and 4 condominiums with up to 573 units. Interfaced with the Board of Directors for each property, extending expert advice on management strategies and improvement decisions. Directed a combined union and non-union staff ensuring no less than top-quality performance.

KEY ACHIEVEMENTS:

Boosted the Net Operating Income (NOI) by 25% and reduced expenditures by 20% by creating ancillary sources of revenue such as storage containers for tenant lease, energy-efficient electrical systems and electricity sellback to power companies.

Transformed 10 properties in 8 months through persistent initiatives aimed towards addressing heating system issues and regulatory violations as well as fire safety projects.

ADDITIONAL EXPERIENCE

David Minkin Management Co, Inc. New York, NY

PROPERTY MANAGEMENT

KEY ACHIEVEMENTS:

Mobilized a 60 union support team in simultaneously governing the operations of several commercial and residential properties including:

—9 properties housing 1.6K units

—1,385,633 sq. ft. of combined residential and commercial space plus 10 parking lots

—Shopping center with 12 commercial spaces and 4 adjoining stores.

Oversaw 6 rent-stabilized buildings with 596 units and three medical offices.

Slashed staff turnover by 20% per year through competitive compensation/incentive packages.

Fraga Realty Partners, LLC Goldenway Associates Jackson Heights, NY

DIRECTOR OF PROPERTY MANAGEMENT

KEY ACHIEVEMENTS:

Transformed multiple distressed properties and revitalization of 4-story apartment.

Successfully overcame over 300 code violations while increasing building value by $1.2M through a series of massive property improvement efforts. Navigated security efforts in collaboration with the local police.

Commended for prompt debris removal that secured the certificate of occupancy for superintendent’s residence.

Metropolitan Property Services, Inc. New York, NY

BUILDING AGENT

KEY ACHIEVEMENTS:

Directed rent collection totaling $365K per month, reviewing aging statements, following up with delinquent accounts, and collaborating with attorneys for more aggressive action when required.

Increased the timely payments by 50% within 8 months, raising an additional $182K in monthly revenue.

158th Street & Riverside Housing Company, Inc. New York, NY

PROPERTY MANAGER

KEY ACHIEVEMENTS:

In charge of the overall operations of a 430-unit Mitchell-Lama complex in upper Manhattan (River Terrace Apartments). Monitored the performance of an 11-person staff.

Efficiently completed a $700K MCI project requiring the replacement of the building electrical transformer, removal of underground contaminants plus the 3 burners in just 2 years.

Diminished remodeling and maintenance expenses by more than $60K each year by sourcing more cost-effective contractors and materials.

EDUCATION & CREDENTIALS

Bachelor of Business Administration

Fort Lauderdale College — Fort Lauderdale, FL

Certifications:

Certified Property Manager (CPM) & 5 Year Award

New York DOS Licensed Real Estate Salesperson

Registered Apartment Manager (RAM)

Registered New York Accredited Realty Manager (NYARM)

New York State Asbestos Class G Supervisor Certification

EPA Lead Abatement Supervisor Certification

Lead Renovation, Repair, and Painting (LRRP) Certification

OSHA 30-hour Construction Outreach Certification

NYARM Ethics in Building Management Certificate

New York State Annual Mandated Sexual Harassment Training (3hr)

TECHNICAL PROFICIENCIES

MS Office, emphasis on Excel; Sklyline; Buildium Property Management Software and Program Systems

PROFESSIONAL DEVELOPMENT

NYARM Conference, monthly from 2011 to 2020

Buildings NY Expo, 2011 to 2019

IREM Property and Asset Management Symposium, 2011 to 2017

NYARM Real Estate Management Expo 2011 to 2019

Queens Chamber of Commerce 2020

CHIP (Community Housing Organization) 2020

AFFILIATIONS

Institute of Real Estate Management (IREM), 2011 to Present

New York Association of Realty Managers (NYARM), 2011 to Present

National Association of Builders and Owners (NABO), 1998 to Present

National Association of Home Builders 1998 to Present

LANGUAGE PROFICIENCIES

English:

Reading (fluent), Writing (fluent), Speaking (fluent)

Spanish:

Reading (fluent), Writing (fluent), Speaking (fluent)

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