Assistant Property Manager

BANNEKER VENTURES LLC • Silver Spring, MD

2d • $0 - $65,000

About The Position

The Assistant Property Manager supports the financial performance, operational excellence, physical condition, regulatory compliance, and resident experience of Banneker Management’s multifamily housing portfolio. The role helps protect the long-term value of the Company’s real estate assets while fostering safe, well-maintained communities where residents are treated with dignity, fairness, and respect. The Assistant Property Manager contributes through sound judgment, disciplined execution, financial stewardship, regulatory compliance, and continuous improvement.

As a steward of the properties, residents, financial resources, relationships, records, and responsibilities entrusted to the Company, the Assistant Property Manager is expected to act with integrity, professionalism, accountability, respect, and commitment to serving residents, colleagues, owners, investors, and the communities the Company serves.

Requirements

• At least five years of progressively responsible multifamily property management experience.
• At least three years managing LIHTC, affordable housing, or mixed-income communities.
• Experience managing multiple properties or serving as the senior manager of a multifamily portfolio.
• Thorough knowledge of IRS Section 42, Fair Housing, and applicable landlord-tenant regulations.
• Experience with budgeting, financial reporting, collections, expense control, and variance analysis.
• Demonstrated success supervising maintenance operations, vendors, inspections, unit turns, and resident relations.
• Strong organizational, interpersonal, written communication, verbal communication, and leadership skills.
• Proficiency with property management software and Microsoft Office.
• Ability to travel among assigned properties and respond to occasional after-hours emergencies.

Nice To Haves

• Housing Credit Certified Professional (HCCP), Certified Occupancy Specialist (COS), Certified Apartment Manager (CAM), Accredited Residential Manager (ARM), Certified Property Manager (CPM), or another nationally recognized property management or affordable housing certification.
• Experience with Housing Choice Voucher programs, mixed-income communities, or layered affordable housing financing.
• Familiarity with Washington, DC affordable housing programs.
• Familiarity with property management systems such as Yardi, AppFolio, RealPage, MRI, or OneSite.

Responsibilities

• Support day-to-day operations of the assigned portfolio under the direction of the Property Manager.
• Maintain an on-site presence and assist with regular inspections of buildings, units, grounds, life-safety systems, and common areas.
• Help ensure communities are safe, clean, well maintained, properly staffed, and operated according to Company standards and approved budgets.
• Identify operational, financial, maintenance, compliance, and resident-related risks and bring them to the Property Manager’s attention.
• Maintain complete, accurate, and organized property records, leases, contracts, inspections, compliance files, and operational documentation.
• Assist with preparing annual operating budgets, capital improvement plans, and financial forecasts.
• Assist with reviewing monthly financial statements, rent rolls, accounts receivable and payable, delinquency reports, and budget variances; identify recommendations to improve financial performance.
• Support occupancy, collections, renewal, and revenue objectives while monitoring expenses and maintaining property quality, compliance, and resident service.
• Review invoices, monitor vendor expenditures, follow financial controls, and assist with collection activities in accordance with Company policy and applicable law.
• Assist with monitoring compliance with IRS Section 42, Fair Housing, regulatory agreements, financing requirements, and applicable federal, District, and local regulations.
• Assist with reviewing applicant eligibility, certifications, household composition, rent limits, utility allowances, student status, and supporting documentation.
• Maintain compliance calendars for certifications, inspections, reporting deadlines, audits, and regulatory updates, and flag upcoming deadlines.
• Coordinate with compliance consultants, investors, lenders, auditors, government agencies, and ownership representatives.
• Maintain complete, organized, audit-ready resident files.
• Respond to resident concerns and assist with emergencies, reasonable accommodation requests, and lease-related matters in a timely manner, escalating issues as appropriate.
• Support resident retention through responsive management and community engagement, and help administer leases, policies, and community standards consistently and fairly.
• Coordinate with maintenance personnel, contractors, and vendors regarding preventive maintenance, work orders, unit turns, and emergency repairs.
• Track vacant-unit readiness and follow up to help ensure units are returned to rent-ready condition in a timely manner.
• Track maintenance performance, resident satisfaction, completion times, and repeat service requests; identify deferred maintenance and capital improvement needs and share recommendations with the Property Manager.
• Monitor vendor performance and verify satisfactory completion of contracted work.
• Help monitor compliance with applicable building, fire, housing, accessibility, environmental, and life-safety requirements.
• Help coordinate the work of maintenance personnel assigned to the portfolio, communicate expectations, support team coordination, and promote accountability.
• Collaborate with ownership, accounting, legal counsel, compliance consultants, and corporate leadership.
• Prepare and maintain accurate weekly and monthly reports on occupancy, financial performance, compliance, maintenance, resident concerns, and operational risks.
• Immediately communicate significant financial, legal, compliance, safety, operational, or reputational issues.
• Preserve institutional knowledge through complete, accurate, and organized documentation.
• Travel among assigned properties and respond to occasional after-hours emergencies.

Benefits

• Competitive health, dental, and vision insurance.
• Paid vacation, sick leave, company holidays, and other approved leave benefits.
• 401(k) retirement plan with company matching contributions, subject to plan provisions.
• Professional development, continuing education, and industry certification support.
• Eligibility for an annual performance-based incentive or bonus, based on individual performance, company performance, and business results.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed