Director of Property Operations

Bisnow • Chicago, IL

16d • $120,000 - $140,000

About The Position

The Director of Property Operations is a foundational leadership hire responsible for designing and implementing a property management operating model from the ground up while overseeing day-to-day operations across an initial multifamily portfolio. This hands-on, entrepreneurial leader will establish the systems, standards, processes, and teams needed to support a scalable platform and help shape its long-term operational strategy and growth.

Serving as the link between ownership, finance, and on-site operations, the Director will translate financial strategies and performance expectations into actionable plans that drive operational excellence and portfolio performance. The role includes developing infrastructure and technology, managing property and portfolio operations, building and leading teams, and advising executive leadership and ownership on growth. The position focuses on Class A multifamily operations and a hospitality-driven resident experience.

The company is an established Chicago-based hospitality management company specializing in multifamily operations, residential experiences, and asset performance. It is expanding into traditional property management through a strategic partnership with an established multifamily developer.

Requirements

• Bachelor's degree required.
• 8–15+ years of progressive multifamily property management leadership experience.
• Demonstrated success overseeing sizable residential portfolios.
• Experience launching, building, expanding, or significantly improving a property management platform, division, region, or operating function.
• Strong financial acumen, including budgeting, forecasting, variance analysis, expense management, and NOI optimization.
• Comprehensive understanding of leasing, maintenance, compliance, resident relations, and property operations.
• Proven track record of recruiting, leading, and developing high-performing teams while implementing scalable operational systems.
• Familiarity with institutional ownership expectations, reporting standards, and governance.
• Proficiency in enterprise property management software and operational reporting dashboards.
• Excellent strategic thinking, problem-solving, leadership, and communication skills.

Nice To Haves

• MBA or related graduate degree.
• Experience overseeing Class A or luxury multifamily portfolios with a hospitality-minded approach to resident experience.
• Experience with property management software selection, implementation, or platform migrations.
• Exposure to lease-up, value-add, or adaptive reuse strategies.
• Professional certifications such as CPM, CAM, or equivalent.

Responsibilities

• Design and implement the property management operating model, identifying opportunities and building systems, policies, and processes that support company growth.
• Develop standardized operating procedures across leasing, maintenance, resident experience, compliance, vendor management, collections, reporting, and turnover management.
• Evaluate, select, and implement core technology systems, including property management software, work order systems, resident communication tools, and reporting infrastructure.
• Establish KPIs and operating cadences that create consistent visibility and accountability across the portfolio.
• Develop budgeting, forecasting, and variance review processes.
• Implement internal controls, approval frameworks, and financial accountability measures.
• Create scalable onboarding and property transition procedures to support future portfolio growth.
• Lead day-to-day property management operations across the multifamily portfolio.
• Drive occupancy, collections, resident retention, revenue growth, and NOI performance.
• Oversee maintenance operations, preventative maintenance programs, capital project coordination, and vendor performance.
• Ensure compliance with applicable regulatory requirements, including fair housing and local landlord-tenant laws.
• Manage leasing operations and revenue optimization strategies in collaboration with ownership and executive leadership.
• Resolve escalated resident matters with professionalism and sound judgment.
• Collaborate with hospitality leadership to develop and maintain a differentiated, service-oriented resident experience.
• Recruit, hire, train, and lead property management and operational teams.
• Define organizational structure and staffing strategies as the platform scales.
• Establish performance expectations, accountability measures, and operational benchmarks.
• Build a high-performing culture centered on ownership, excellence, responsiveness, and professionalism.
• Mentor and develop emerging operational talent.
• Serve as a trusted operational partner to executive leadership and ownership.
• Deliver clear, concise, executive-level financial and operational reporting.
• Participate in acquisition underwriting, property transitions, and portfolio growth planning.
• Provide strategic input on scaling operations, staffing, technology, and operational investments.
• Develop scalable processes that allow new assets, teams, and service lines to be integrated efficiently without compromising operational performance or the resident experience.
• Build and maintain strong relationships with ownership groups, lenders, vendors, and institutional stakeholders.

Benefits

• Competitive base salary and performance-based bonus opportunity.
• Significant professional growth potential as the portfolio and platform continue to expand.
• Foundational leadership opportunity with direct influence over the operating model, company culture, and future of a growing property management platform.
• Opportunity to build and scale an organization with the backing of established real estate and hospitality leadership.
• Direct access to ownership and executive leadership with meaningful involvement in strategic decision-making.

What This Job Offers

• Job Type: Full-time
• Career Level: Director