Regional Property Manager

Thalhimer•Glen Allen, VA

1d•Onsite

About The Position

The Regional Property Manager is responsible for achieving the performance goals established for their communities. They oversee the entire fiscal and physical operations of properties located in the Richmond area. The Regional Property Manager supervises all associates assigned to the communities.

Requirements

A Bachelor's degree from accredited college or university or 3 years related experience in portfolio management.

Responsibilities

Evaluating staffing levels, working closely with HR to fill any open positions, and supervising teams on a daily basis.
Providing leadership and training to staff to assure Thalhimer processes, practices and programs are properly implemented and maintained.
Establishing weekly work priorities based upon property visit observations and feedback from property teams and residents.
Evaluating the overall performance of each staff member and developing plans to capitalize on strengths and to improve deficiencies.
Developing short and long-term marketing plans to achieve and sustain occupancy goals.
Developing and implementing plans to increase net operation income (NOI) based upon the analysis of weekly and monthly Property Performance Reports, monthly operating statements, knowledge of the market place and activities of the competition and other relevant factors.
Developing annual operating budgets for each property focusing NOI, asset protection, property enhancement and resident satisfaction.
Working closely with other Portfolio Managers on Thalhimer related projects and initiatives.
Identifying and acting upon areas in need of income/expense control improvement.
Assuring that all properties are managed within appropriate federal, state and local laws and regulations.
Serving on the Executive team developing new strategic and tactical plans, new programs and operating procedures to improve property performance.
Assuring that changes in strategies policies, procedures and programs are implemented.
Conducting basic audits to ensure that properties are in compliance with company policies.
Tactical execution and communication of company's strategic direction to on-site teams.
Describing the overall makeup, i.e. strengths, weaknesses and needs of each property in their portfolio.
Reviewing and approving all property purchasing with adherence to budget (subject to variances pre-approved by the owner).
Analyzing competitive market conditions and recommending and implementing competitive market rates while maintaining optimum occupancy levels.
Working with Community Managers and Service Managers to ensure timely preparation of rent ready apartments to fully meet the demand of the market.
Ultimately responsible for risk management, safety standards, and employee and resident liability.
Determining, implementing, and following up on any corrective action plans for deficiencies found at properties.
Performing monthly on-site inspections resulting in written report(s) and scheduling of correction of deficiencies.
Promptly returning all resident phone calls and ensuring a high level of customer care.
Negotiating with Vendors and outside contractors for costs for products and services.
Negotiating settlements with residents as appropriate.
Preparing monthly, quarterly and annual reports as required.
Reviewing and approving expenses/invoices for properties.
Evaluating the overall condition of the property and developing plans for repairs, upgrades and improvements.
Assuring that all safety precautions are followed so as to minimize risk to the staff and residents.
Cooperating in all aspects of the company's safety and health program.
Continuing to hone skills in real estate, human resources, business management, training and communications through formal classroom study and on-the-job training.
Providing general assistance to property teams during emergency situations as appropriate.
Performing all other tasks and duties as assigned, with dates to be agreed upon.