Regional Property Manager - LIHTC

NRP Group•Irving, TX

10d

About The Position

The NRP Group is seeking a Regional Property Manager to oversee its Low-Income Housing Tax Credit (LIHTC) communities in the Dallas–Fort Worth area. Reporting to the Regional Vice President of Property Management, this role leads employees and manages portfolio operations across properties in various phases of development, construction, and lease-up. The Regional Property Manager is accountable for the portfolio’s financial and operational performance, employee development, compliance, resident matters, maintenance, reporting, and coordination with internal teams and external agencies. Key objectives include achieving strong financial results, maintaining targeted occupancy and rent collections, completing lease-ups within established timelines, ensuring current recertifications, and conducting regular property inspections.

Requirements

At least 5 years of property management experience, including recent experience in a Regional Property Manager or Director role.
Strong experience with market-rate communities.
Working knowledge of applicable Landlord-Tenant laws, Fair Housing regulations, IRS Section 42 LIHTC Program, and other laws relating to property-specific guidelines and occupancy standards.
Strong computer skills, especially with Microsoft Office.
Knowledge of YARDI software.
Valid driver’s license.

Nice To Haves

Bachelor’s degree is highly preferred.

Responsibilities

Manage communities to achieve financial and operational targets and portfolio objectives.
Provide feedback on capital needs and asset plan items, and complete assigned asset plan items.
Monitor employee performance, provide feedback and direction, and take action to improve portfolio or asset performance.
Conduct annual performance reviews and regularly communicate performance expectations and achievements.
Build, motivate, and direct community teams; manage community wage, salary, bonus, incentive, and commission matters.
Ensure community procedures are followed and monitor performance at both the procedural and operational levels, including occupancy, income, and collections.
Ensure the integrity of application and file approval processes.
Monitor community financials, review variance reports, and regularly review financials with Community Managers.
Work with Community Managers to prepare annual budgets and property plans.
Approve community vendors, purchase orders, and expenditures.
Conduct regular physical, operational, and file-review inspections of communities.
Manage portfolio rents and propose adjustments as needed.
Manage resident selection criteria and monitor or adjust them as necessary.
Monitor portfolio collections and collection procedures and ensure collection activities are completed.
Manage portfolio vendors, including collection agencies and legal representation, and monitor or change vendors as appropriate.
Recruit, interview, and hire Community Managers and Maintenance Managers; approve community hires and ensure hiring paperwork is delivered to Human Resources.
Support Community Managers with resident, supportive services, vendor, compliance approval, and other operational issues.
Meet regularly with community staff and ensure weekly community meetings are held.
Coordinate portfolio training and Marketing, Compliance, Accounting, IT, and HR activities.
Ensure the Regional Maintenance program is executed across the portfolio and coordinate with the Maintenance Director and Regional Vice President to improve it.
Prepare and deliver regional portfolio reports.
Initiate portfolio programs, procedures, or practices as directed.
Represent the portfolio with apartment associations, local public housing agencies, state agencies, and other relevant organizations.
Coordinate pre-lease setup for new communities, including hiring and training staff.
Coordinate, manage, and monitor community audits conducted by syndicators, state agencies, and others.
Participate in senior-level management and regional team meetings as required.
Represent the portfolio in coordinating activities and resolving issues with Construction and Development representatives.
Achieve the portfolio’s best possible financial results within guidelines set by senior leadership and partners; maximize income and minimize expenses.
Maintain staffing levels while meeting each community’s financial goals.
Ensure new employees complete the NET within 30 days of employment and all recertifications remain current.
Achieve 96% occupancy and 96% portfolio rent collections with minimal approved write-offs.
Maximize credit delivery on new project lease-ups and complete lease-ups within 12 months or less.
Qualify all units before the qualification deadline.
Conduct a thorough inspection of each community at least twice per calendar year.
Perform other duties as required.