Regional Property Manager
$111,702–$111,702 year
On-siteGaithersburg, Maryland, United States
Job Summary
Monitor and manage third-party property management companies and HOC-managed scattered properties by evaluating multifamily and scattered site properties' physical, fiscal, regulatory, and operational activities. Review monthly property summaries including variance reports on income statements, occupancy, vacancies, and accounts receivable to prepare forecasts and projections for leadership. Analyze market data to identify trends impacting portfolio performance, develop annual budgets, and coordinate with onsite teams to implement market plans driving occupancy and revenue growth. Ensure properties meet physical standards through routine inspections, maintain compliance with lender, HUD, and regulatory requirements, and respond to emergencies as needed. Travel to assigned properties biweekly to accompany stakeholders on-site visits and function as a liaison to third-party Property Managers.
Required Qualifications
- At least six (6) years of progressively responsible experience in the area of multifamily property management focusing on affordable housing
- considerable knowledge of real estate finance
- comprehension of related fiscal and financial statements for a real estate development company
- Demonstrated knowledge of applicable federal, state regulations, policies, and procedures for affordable housing compliance and management
- ability to interpret and apply" regulations, policies, and procedures
- Experience in assessing market competitiveness and comparability in revenue and expense performance
- Graduation from an accredited college or university with a Bachelor's degree in either Business or Public Administration or in a related field
- Ability to explain complex or technical information regarding rules, rights, regulations, policies, procedures, programs, or services
- Proficient at identifying underperformance and coordinating with counterparts at third-party property management firms where applicable
- Ability to clearly and effectively communicate both verbally and in writing through active listening and sharing relevant information
- Effectively organizes multiple assignments, sometimes of a complex nature or involving competing priorities, to produce work products that are accurate, thorough and on time
- Ability to adapt to changing business needs, conditions, and work responsibilities
- responds positively to change, embracing and using new practices or values
- Proficiency using Office programs including Outlook/Gmail, Word, Excel and other analytical software programs
- current awareness of local and regional market conditions that may impact property occupancy and leasing
- recommend positioning assets appropriately in respective submarkets
- thorough knowledge and understanding of industry practices for operating procedures such as rent collections, evictions, accounting, maintenance, and purchasing
- proficient at team building
- proactive in training and supporting Property Managers in regulatory environments for LIHTC, PBRA, MPDU, REAC, and other HUD programs
- maintain a current awareness of local and regional market conditions that may impact property occupancy and leasing
- recommend positioning assets appropriately in respective submarkets
- proficient at team building
- proactive in training and supporting Property Managers in regulatory environments for LIHTC, PBRA, MPDU, REAC, and other HUD programs
- thorough knowledge and understanding of industry practices for operating procedures such as rent collections, evictions, accounting, maintenance, and purchasing
- file a Public Financial Disclosure Statement (FDS) within 15 days of your hire date
- file a FDS on an annual basis
- submit to pre-employment drug and alcohol screening
- Employment is contingent upon drug and alcohol test results
Desired Qualifications
- experience as a regional property manager
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