About the role
Regional Property Manager - Residential Multi-Family Affordable Housing - DC/MD/VA Region
SUMMARY: The Regional Property Manager is responsible for managing operations and maximizing financial value of a diverse, multi-site residential apartment portfolio of market-rate communities. An associate in this position will be assigned by the VP to manage different properties in a region; this region is expected to be in Washington, DC Metro region such that routine daily/weekly travel to multi-family apartment communities will be required. The duties include achieving the financial and operational goals of the owner’s, the company, and of the region. The Regional Property Manager leads on-site staff to ensure a sufficient flow of revenue by maintaining a high percentage of apartment unit occupancy, adherence to property standards (to include unit turns and routine maintenance, grounds at a functional and high aesthetic level), Owner and resident satisfaction and controlling expenses.
NOTE: This role is not a work-from-home role, and will require the selected individual to be based in the DC/MD/VA Metro region. Regular travel to be on-site daily in support of properties in this region is a requirement.
ESSENTIAL DUTIES AND RESPONSIBILITIES includes the following. Other duties may be assigned.
* Responsible for the overall operations of assigned properties * Review monthly financial reports, prepare owner reports and attend asset management meetings * Answer questions from owner, government agencies, financial institutions, auditors, accounting, staff, etc. * Hire, oversee and evaluate staff, approve raises, counsel and administer personnel decisions * Monitor compliance with federal, state and local regulations as well as Company policies and procedures, etc. * Review leases, rules and regulations, contracts, licenses. * Review rent schedules, personnel files and resident files. * Review Delinquency Report, bank deposits, equipment inventory, inspections, etc. * Inspect site and implement standards. * Supervise, train and conduct staff meetings with Community Managers and other team members. * Enforce safety standards and training for staff. * Follow up as needed on all aspects of property management. * Prepare and implement budget. * Negotiate contracts on behalf of the property(ies)/company subject to approvals. * Prepare for regulatory agency inspections. * Any other tasks, duties, projects, and responsibilities as assigned by management.
Qualifications:
The Regional Property Manager will have the following qualifications:
* Minimum 5+ years-experience in affordable LIHTC & Project Based Section 8 multi-family affordable housing property management. Strong preference for current/prior experience as a regional property manager with more than 2 years of prior experience of multi-site portfolio management (6+ communities). Successful experience with certifications, recertifications, REAC/NSPIRE inspections, MORs is required. * Working knowledge of all aspects of property management, accounting, inspections, collections, evictions, marketing, etc. * Willing to travel 80%+ of the time to be on-site at properties within the RPM's assigned portfolio. Travel is typically daily but, often multi-day to properties within the region. * Understanding of financials, budgets, regulations, LIHTC, local and state statutes. * College degree preferred, but not required. CPM/HCCP/COS/certification or equivalent strongly preferred. * Outstanding communication skills (verbal/oral, written, reading, and writing) and must have the ability to engage professionally and effectively with all audiences (clients, residents, prospective residents, subordinates, peers, managers, company leadership, the general public, etc.). * Superb organizational and time-management skills, able to multi-task. * Customer service - common courtesy and good communication skills with residents, clients, employees, and other individuals at all levels. * Works well with minimal supervision and direction. * Strong leadership, management, and supervisory skills. * Work days, evenings and weekends as needed. * Ability to train and evaluate others, and develop skills and effectively manage performance. * Computer skills – Must have strong experience with Yardi and excellent proficiency with Microsoft Office Suite (Outlook, Word, Excel, SharePoint, Teams, etc.). * Strong resident relations skills, and a role model in conflict resolution and customer satisfaction * Must have a valid driver's license and reliable transportation to provide effective coverage and oversight for assigned community portfolio. * Other tasks, projects, responsibilities as assigned by management.
This role is exempt and has an anticipated annual pay range of $105k-125k for a new employee depending on a number of relevant factors including individuals’ experience, qualifications, knowledge, skills, abilities, client/property or company budgetary limitations/guidelines, and other job-related company and market considerations. This position may be eligible to receive discretionary and/or performance-based bonuses on a spot or annual basis, which are variable depending on individual merit/performance, budgetary limitations, company performance, and other job-related factors. This non-exempt role will be eligible for overtime for all hours worked in excess of 40 per week. Full-time positions (30+ hours/week) are eligible for 2 weeks paid vacation, 1 week sick leave, 11 paid holidays, and health & welfare benefits as outlined on the Company’s website. To learn more about our company and our benefits, go to: https://pratumco.com/careers/
Pratum Companies is committed to a diverse workforce and is an Equal Opportunity Employer.
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