Regional Property Manager - DC/MD/VA - Affordable Housing/Multi-Family

Pratum Companies • Gaithersburg, MD

5d • $105,000 - $125,000 • Onsite

About The Position

The Regional Property Manager oversees operations and maximizes the financial value of an assigned, diverse, multi-site residential apartment portfolio. The position is responsible for meeting the owner’s, company’s, and region’s financial and operational goals. The manager leads on-site teams to maintain occupancy and property standards, including unit turns, routine maintenance, and grounds, while supporting owner and resident satisfaction and controlling expenses.

The assigned portfolio is in the Washington, DC metropolitan region. The role is not work-from-home: the selected candidate must be based in the DC/MD/VA metro area and travel regularly, often daily or for multiple days, to properties. Travel to properties is expected to take 80% or more of the role’s time.

The position is exempt and has an anticipated annual pay range of $105,000–$125,000 for a new employee, subject to relevant factors. It may be eligible for discretionary and/or performance-based spot or annual bonuses. The posting also 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.

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.
• Willingness to travel 80% or more of the time and be on-site at assigned properties; travel is typically daily and may involve multiple days at properties within the region.
• Understanding of financial statements, budgets, regulations, LIHTC, and local and state statutes.
• Strong verbal, written, reading, and communication skills, including the ability to engage professionally and effectively with varied audiences.
• Strong organizational and time-management skills and ability to multitask.
• Customer-service orientation and courtesy in interactions with residents, clients, employees, and others.
• Ability to work with minimal supervision and direction.
• Strong leadership, management, and supervisory skills; ability to train and evaluate others, develop skills, and manage performance.
• Strong experience with Yardi and excellent proficiency with Microsoft Office Suite, including Outlook, Word, Excel, SharePoint, and Teams.
• Strong resident-relations skills and ability to model conflict resolution and customer satisfaction.
• Valid driver’s license and reliable transportation to cover and oversee the assigned community portfolio.
• Ability to work days, evenings, and weekends as needed.

Nice To Haves

• Current or prior experience as a regional property manager, with more than 2 years of multi-site portfolio management experience covering 6 or more communities.
• College degree.
• CPM, HCCP, COS, or equivalent certification.

Responsibilities

• Oversee the overall operations of assigned properties and work toward the owner’s, company’s, and region’s financial and operational goals.
• Review monthly financial reports, prepare owner reports, and attend asset management meetings.
• Respond to questions 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, licenses, rent schedules, personnel files, and resident files.
• Review delinquency reports, bank deposits, equipment inventory, and inspections.
• Inspect properties and implement property standards.
• Supervise and train Community Managers and other team members, and conduct staff meetings.
• Enforce safety standards and provide staff training on safety.
• Follow up on property-management matters as needed.
• Prepare and implement budgets.
• Negotiate contracts on behalf of properties or the company, subject to approvals.
• Prepare properties for regulatory agency inspections.
• Perform other duties, tasks, projects, and responsibilities assigned by management.

Benefits

• Two weeks of paid vacation for eligible full-time positions of 30 or more hours per week.
• One week of sick leave for eligible full-time positions of 30 or more hours per week.
• 11 paid holidays for eligible full-time positions of 30 or more hours per week.
• Health and welfare benefits for eligible full-time positions of 30 or more hours per week.
• May be eligible 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