Regional Property Manager (Newark, NJ) Multi-Family Affordable Housing)

Pratum Companies • Newark, NJ

7d • $105,005 - $125,000 • Onsite

About The Position

The Regional Property Manager oversees operations and financial performance for a diverse, multi-site portfolio of affordable multifamily apartment communities, including LIHTC and HUD Section 8 properties. The assigned portfolio will be primarily in the Newark, New Jersey region and may expand to other locations in New Jersey or other states. The role requires regular, often daily and sometimes multi-day, travel to portfolio properties. This is not a work-from-home position; the selected individual must be based in the Newark metro region near the assigned properties.

The Regional Property Manager leads on-site staff and works to meet the owners’, company’s, and region’s financial and operational goals. Key priorities include maintaining high occupancy, property standards, effective unit turns and maintenance, grounds quality, owner and resident satisfaction, and expense control. The role is exempt and has an anticipated annual pay range of $105,000–$125,000, depending on relevant factors. Discretionary and/or performance-based spot or annual bonuses may also be available. The posting additionally states that full-time positions of 30 or more hours per week are eligible for two weeks of paid vacation, one week of sick leave, 11 paid holidays, and health and welfare benefits, as outlined on the company website.

Requirements

• At least 5 years of experience in affordable LIHTC and Project-Based Section 8 multifamily affordable housing property management.
• Successful experience with certifications, recertifications, REAC/NSPIRE inspections, and MORs.
• Working knowledge of property management, accounting, inspections, collections, evictions, and marketing.
• Strong computer skills, including Yardi and Microsoft applications such as Word, Excel, Outlook, Teams, and SharePoint.
• Willingness to travel extensively and work on-site at assigned properties; travel is typically daily and may involve multi-day trips.
• Understanding of financials, budgets, regulations, applicable affordable housing programs, and local and state statutes.
• Strong organizational and time-management skills and ability to multitask.
• Outstanding verbal, written, reading, and communication skills, with the ability to engage professionally and effectively with varied audiences.
• Customer-service skills, including courtesy and effective communication with residents, clients, employees, and others.
• Ability to work with minimal supervision and direction.
• Strong leadership, management, and supervisory skills.
• Ability to work days, evenings, and weekends as needed.
• Ability to train and evaluate others, develop skills, and effectively manage performance.
• Strong resident-relations skills and ability to model conflict resolution and customer satisfaction.
• Valid driver's license and reliable transportation to provide coverage and oversight for the assigned portfolio.

Nice To Haves

• Current or prior Regional Property Manager experience is strongly preferred.
• More than 2 years of prior multi-site portfolio management experience involving 6 or more communities is strongly preferred.
• College degree preferred, but not required.
• CPM, HCCP, COS, or equivalent certification is strongly preferred.

Responsibilities

• Manage the overall operations of assigned properties.
• Review monthly financial reports, prepare owner reports, and attend asset management meetings.
• Respond to inquiries from owners, government agencies, financial institutions, auditors, accounting staff, and others.
• Hire, oversee, and evaluate staff; approve raises; counsel employees; and administer personnel decisions.
• Monitor compliance with federal, state, and local regulations and company policies and procedures.
• Review leases, rules and regulations, contracts, and licenses.
• Review rent schedules, personnel files, and resident files.
• Review delinquency reports, bank deposits, equipment inventories, and inspection results.
• Inspect properties and implement standards.
• Supervise and train staff and conduct meetings with Community Managers and other team members.
• Enforce safety standards and provide staff safety training.
• Follow up as needed on all aspects of property management.
• Prepare and implement budgets.
• Negotiate contracts on behalf of properties or the company, subject to approvals.
• Prepare for regulatory agency inspections.
• Perform other tasks, duties, projects, and responsibilities assigned by management.

Benefits

• Two weeks of paid vacation for eligible full-time positions (30 or more hours per week).
• One week of sick leave for eligible full-time positions (30 or more hours per week).
• 11 paid holidays for eligible full-time positions (30 or more hours per week).
• Health and welfare benefits for eligible full-time positions (30 or more hours per week).
• Potential eligibility for discretionary and/or performance-based spot or annual bonuses.

What This Job Offers

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