Operations @ Modern Midstay
Modern Midstay is a real estate hospitality business that acquires, renovates, furnishes, and manages charming apartments in Denver’s best neighborhoods. With 55 units, we’re the largest owner-operator of mid-term (1-12 month) furnished rentals (aka MTRs as opposed to STRs) in Denver. Our typical guests are travel nurses, people moving to/from Denver, remote workers, and students.
Since 2021, we’ve raised $8M in equity and acquired nearly $30M in real estate (half of which through a partnership in Detroit). Our goal is to scale our team and systems for our own portfolio and third party clients. In the coming year, we’re aiming to double the portfolio by expanding in Denver, Crested Butte (STR only), and our next MTR market.
Check us out at our links below!
Why This Role? We’re building a vertically integrated MTR business and hiring an ambitious teammate to architect and manage Operations. It’s a great opportunity to get in at the ground floor of a small, but mighty real estate company and build/own a best in class Operations capability.
Operations Mandate: Create a scalable hospitality and property operations system/team that delivers high-quality service at a low cost.
Goals (to be refined together)
KPI (quantitative metrics and timelines TBD)
Scope
1) Hospitality operations
2) Property operations
3) Business operations
Note: You’ll be responsible for a 24/7 operation, but the better our process and team, the less issues we’ll have on nights and weekends. In addition to our network of contractors that we’ve developed over the years, you’ll partner closely with our CEO, sales lead, part-time assistant, and bookkeeper.
You’re a great fit if you..
Compensation: $90 to $110k comprising ~90% base and ~10% performance bonus. Base and bonus to be adjusted based on experience level.
Location: In our Wash Park office for the first 3 months then flexible (office, home, in the field). Living in Denver is important for easy access to our properties and office.
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