Regional Property Manager

Job Description

The Purpose :

The Regional Manager is responsible for recruitment, training, development, and supervision of Property Managers, shares ownership of portfolio strategy and financial performance of assigned properties and will assist in the development and monitoring of company standard operating procedures (SOPs) related to property management. This position will work closely with Asset Management, Construction, Employee Development / Ops Integration, Transactions, Legal, HR, Finance and IT to maximize the potential of asset performance and property employees in the region.

Key Role Responsibilities :

• Ensure the portfolio and individual communities meet the established operational, financial, and business performance goals by inspecting properties, reviewing financial, market, and operational reports, and developing and implementing appropriate action plans to achieve results.
• Oversee the stabilization and turnaround of underperforming or distressed properties, including financial, operational, and occupancy improvements.
• Manage receivership, foreclosure, and REO processes in coordination with legal teams and lenders, ensuring all regulatory and procedural requirements are met.
• Create and monitor short-term and long-term strategic plans for distressed assets to reposition them in the market and enhance their profitability.
• Coordinate with capital improvement teams and construction managers to oversee urgent repairs, renovations, and code compliance projects.
• Develop the annual budget(s) for the properties comprising the assigned portfolio, and oversee attainment of budgeted goals by analyzing and evaluating financial statements, reconciling monthly statements against approved budget, and working with the Asset Manager, client / owner, and others to address and resolve gaps in the financial performance of the portfolio; Monitor and makes recommendations on budget performance and prepares monthly or quarterly summary report of same.
• Review and approve expenditures within specified budgetary guidelines. Negotiate and / or evaluate contracts and makes recommendations.
• Hire, train, supervise, develop, and performance manage those supervised in accordance with company operating standards and directives; perform performance evaluations; and assist Property Managers with site-level employees. Approve all personnel transactions for on-site staff.
• Establish and coordinate a communication system involving transactions and activities among Sr. Regional Manager, SVP, Asset Management, Property Managers and the Central Office.
• Monitor and make recommendations to improve marketing activities; reviews occupancy status; and recommends rent schedules.
• Review / audit property administrative, accounting, and maintenance areas to ensure compliance with established policies and procedures; approve all exceptions of same.
• Resolve resident relation issues.
• Inspect properties to ensure the highest standards are maintained; evaluate maintenance, grounds, and housekeeping operations in areas of efficiency. Conduct periodic inspection of vacant apartments for market-ready condition; develop corrective programs for apartment communities.
• Participate as a member of the Transition Team in training, unit mix, establishment of rent rates, and other operational matters. Coordinate staffing and office set-up of new communities according to our clients standards.
• Act as primary liaison between Owner or Owner’s Representative and our client.
• Participate in local and regional trade associations.
• Complete various human resources, financial, administrative, and other reports and analysis, and perform other duties as assigned or as necessary.

Primary Requirements Include :