Regional Property Manager

Lrmanagement; Detroit (MI); On-site; USD 90,000 - 120,000; Full time

Benefits offered by this job

Competitive compensation

Training and certification assistance

Career growth opportunities

Health, vision, and dental benefits

Voluntary benefits to meet needs

401(k) with company match

15 days accrued PTO per year

7 paid holidays per year

Job summary

LR Management is seeking a Regional Property Manager to lead a portfolio of communities in Michigan. You will oversee day-to-day operations, manage leasing, resident services and maintenance, and drive revenue while controlling costs.

You will supervise a diverse team, implement marketing plans, analyze financials, and partner with corporate to enforce risk management and compliance across properties. Experience with 1200+ units is preferred.

Qualifications

• 6–10 years experience in property management with 1200+ units.
• Experience managing staff of at least 20 people.
• Residential apartment marketing and management knowledge.
• Accounting and bookkeeping understanding; ability to create budgets and analyze financial statements.
• Excellent written and verbal communication skills.
• Computer skills including Microsoft Office; familiarity with internet usage.
• Yardi proficiency preferred.

Responsibilities

• Oversee day-to-day property operations across the portfolio including direct management of leasing, resident services and maintenance.
• Maximize income and control costs for each property.
• Review monthly financial reporting and budget variance; oversee annual budgeting with property managers and owners.
• Design and implement competitive incentive compensation programs.
• Coordinate marketing and advertising plans with Regional Marketing Manager and Regional Leasing Manager.
• Conduct site visits and inspections to ensure smooth operations.
• Collaborate with corporate office on risk management practices.
• Review the preventative maintenance program with managers and staff.
• Recruit, retain and develop staff across all levels.
• Conduct disciplinary action meetings and evaluate direct reports annually.
• Manage property contracts; oversee work orders, payroll and invoicing.
• Monitor leasing and renewal activities via revenue management systems; supervise RUBS billing.
• Oversee AR/AP functions at property offices; monitor inventory control and purchasing.
• Oversee make-ready processes and vendor negotiations.

Skills

People skills

Communication

Independent work

Multi-tasking

Work under pressure

Team leadership

Education

Bachelor’s degree in business

MBA (preferred)

Tools

Yardi

Microsoft Office

Job description

Join the fastest growing property management company in Michigan as a Regional Property Manager! LR Management is looking for a dependable and hard-working individual with previous apartment management experience to join our team. The successful candidate will be a team player, have exceptional people skills, have a positive attitude along with being self-motivated and self-directed.

The Regional Property Manager is the leader and main support person for their portfolio of communities.They are directly responsible for all aspects of their communities, and are tasked with identifying potential detractors to performance and promptly addressing them. They must be able to detect, diagnose, and solve complex issues to ensure optimal operation, while providing direction for their team. Utilizing their experience and understanding, a Regional Property Manager can see trends in the market and proactively make adjustments and recommendations to our team and owners.

LR Management offers an outstanding total compensation package including:

• Competitive compensation
• Employee training and certification assistance
• Career growth opportunities
• Health, vision, and dental benefits
• A wide selection of voluntary benefits to meet employees’ individual needs
• 401(k) with company match
• 15 days of accrued PTO per year
• 7 paid holidays each calendar year

Responsibilities include, but are not limited to:

• Overseeing and directing day-to-day property operations across the portfolio, including direct management of functional line managers (leasing, resident services, maintenance)
• Maximizing income and controling costs for each property
• Conducting a monthly review of financial reporting and budget variance analysis; overseeing the annual budgeting process with property managers and owners
• Designing and implementing competitive and effective incentive compensation programs
• Overseeing, developing, and implementing marketing and advertising plans across markets in conjunction with Regional Marketing Manager and Regional Leasing Manager
• Performing regular site visits to insure smooth functioning and organization of site offices; perform physical inspections of properties
• Working with the companys' corporate office to ensure that risk management practices are implemented and followed
• Reviewing the preventative maintenance program with managers and maintenance staff
• Working with property managers to recruit, retain, and develop staff at all levels
• Conducting discliplinary action meetings
• Evaluating direct reports on annual basis, or as needed
• Managing property contracts
• Overseeing the processing of work orders, payroll and invoicing
• Monitoring leasing and renewal activities through the revenue management system
• Overseeing RUBS (Ratio Utility Billing System) to ensure correct billing to tenants
• Monitoring AR and AP functions at property offices
• Monitoring internal processes of inventory control and purchasing
• Monitoring and assessing the make ready process and negotiate with vendors if needed
• Other related duties as assigned

Qualifications include, but are not limited to:

• Bachelor’s Degree in business or related degree is required; MBA is a plus but not required
• 6-10 years experience, latest role as Property Manager, Multi-Site Property Manager or Regional Property Manager of at least 1200 units, with scattered site experience preferred
• Experience managing staff of minimum 20 persons, along with maintenance department
• Experience in residential apartment marketing and management and knowledge of applicable laws and regulations
• Knowledge of established accounting and bookkeeping practices and procedures including the ability to create budgets and analyze financial statements
• Excellent written and verbal communication skills
• Ability to work independently with minimal supervision
• Ability to multi-task and adapt to changing priorities
• Must interact effectively with all levels of employees and external contacts
• Must work well under pressure, exercise good judgment when making decisions and handle stressful situations in a mature, professional manner
• Computer skills including the Microsoft Office Suite and internet usage
• Proficiency in Yardi is preferred