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

Pratum Companies • Newark, NJ

5d • Onsite

About The Position

The Regional Property Manager oversees operations and maximizes the financial value of a diverse, multi-site portfolio of affordable residential communities, including LIHTC and HUD Section 8 properties. The assigned portfolio will be primarily in the Newark, New Jersey region and may expand to communities in other New Jersey cities or other states. The role is based near the assigned properties and is not work-from-home; regular, often daily and sometimes multi-day, travel to properties is required.

The position is accountable for meeting owners’, company, and regional financial and operational goals. It leads on-site teams to maintain occupancy and property standards, manage unit turns and routine maintenance, preserve grounds, support owner and resident satisfaction, and control expenses. The Regional Property Manager reports to the VP/SVP, as assigned.

Requirements

• At least 5 years of experience in multi-family affordable housing property management, including LIHTC and Project-Based Section 8.
• Successful experience with certifications, recertifications, REAC/NSPIRE inspections, and MORs.
• Working knowledge of property management, accounting, inspections, collections, evictions, marketing, and related functions.
• 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, including the ability to engage professionally and effectively with varied audiences.
• Customer-service skills, courtesy, and effective communication with residents, clients, employees, and others at all levels.
• 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 their skills, and manage performance effectively.
• 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 experience as a Regional Property Manager, with more than 2 years of multi-site portfolio management experience across 6 or more communities.
• College degree.
• CPM, HCCP, COS, or equivalent certification.

Responsibilities

• Oversee the overall operations of assigned properties and achieve their 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 teams, staff, and others.
• Hire, oversee, and evaluate staff; approve raises; counsel employees; and administer personnel decisions.
• Monitor compliance with federal, state, and local regulations, as well as company policies and procedures.
• Review leases, rules and regulations, contracts, licenses, rent schedules, personnel files, resident files, delinquency reports, bank deposits, equipment inventories, and inspection results.
• Inspect properties and implement property standards.
• Supervise and train Community Managers and other team members, and conduct staff meetings.
• Enforce staff safety standards and training.
• Follow up on all aspects of property management as needed.
• Prepare and implement budgets.
• Negotiate contracts on behalf of properties or the company, subject to approvals.
• Prepare properties for regulatory agency inspections.
• Maintain occupancy, property standards, unit turns, routine maintenance, grounds, owner and resident satisfaction, and expense control.
• Perform other tasks, duties, projects, and responsibilities as 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).
• Eleven paid holidays for eligible full-time positions (30 or more hours per week).
• Health and welfare benefits as outlined on the company website.
• May be eligible for discretionary and/or performance-based spot or annual bonuses.
• Overtime eligibility for hours worked in excess of 40 per week, as stated in the posting.

What This Job Offers

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