Regional Property Manager - LIHTC

The NRP Group LLC•Fort Worth, TX

About The Position

The NRP Group is seeking a Regional Property Manager to oversee its LIHTC communities in the Dallas–Fort Worth area. Under the direction of the Regional Vice President of Property Management, this role leads employees and manages a portfolio of properties in various phases of development, construction, and lease-up. The position is responsible for meeting financial and operational goals, supporting community teams, maintaining compliance, and coordinating with internal departments and external stakeholders. The Regional Property Manager monitors property performance, budgets, financial reports, staffing, resident selection, rents, collections, vendors, maintenance, inspections, audits, training, and reporting. The role also coordinates the setup and staffing of new communities and works with construction and development representatives to address portfolio needs.

Requirements

At least 5 years of property management experience.
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, and other laws related to property-specific guidelines and occupancy standards.
Strong computer skills, especially with Microsoft Office Suite.
Knowledge of YARDI software.
Valid driver's license.

Nice To Haves

Bachelor’s degree highly preferred.

Responsibilities

Manage communities to achieve financial and operational targets.
Provide feedback on capital needs and asset plans, and complete assigned asset plan items.
Monitor employee performance, provide direction and motivation, and take action to improve portfolio or asset performance.
Complete annual performance reviews and regularly communicate employee expectations and achievements.
Manage community wage, salary, bonus, incentive, and commission matters.
Ensure community procedures are followed and monitor performance at both procedural and operational levels.
Ensure the integrity of community 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 portfolio resident selection criteria and monitor or adjust them as needed.
Monitor portfolio collections and procedures and ensure collection activities are completed.
Manage portfolio vendors, including collections agencies and legal representation, and monitor or change vendors as appropriate.
Recruit, interview, and hire Community Managers and Maintenance Managers; approve community new hires and ensure their paperwork is delivered to Human Resources.
Support Community Managers with resident, supportive services, vendor, compliance approval, and other operational matters.
Meet regularly with community staff and ensure weekly community meetings are held.
Coordinate portfolio activities involving training, Marketing, Compliance, Accounting, IT, and HR.
Ensure the Regional Maintenance program is carried out throughout the portfolio and work with the Maintenance Director and Regional VP to improve it.
Prepare and deliver required regional portfolio reports.
Initiate portfolio programs, procedures, or practices as directed.
Represent the portfolio with apartment associations, local PHAs, state agencies, and other parties as required.
Coordinate pre-lease setup for new communities and hire and train staff.
Coordinate, manage, and monitor community audits by syndicators, state agencies, and other parties.
Participate in senior management and regional team meetings as required.
Represent the portfolio in coordinating activities and resolving issues with Construction and Development representatives.
Maximize portfolio financial performance within guidelines set by leadership and partners, including maximizing income and minimizing expenses.
Maintain staffing levels while meeting community financial goals and deliver accurate, timely regional reports.
Ensure new employees complete the NET within 30 days and that all recertifications are 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 and inspect each community thoroughly at least twice per calendar year.
Perform other duties as required.