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

Pratum Companies; Gaithersburg (MD); On-site; USD 105,000 - 125,000; Full time

Benefits offered by this job

Health & welfare benefits

Paid vacation

11 paid holidays

Job summary

Pratum Companies seeks a Regional Property Manager for a DC/MD/VA region overseeing a portfolio of affordable housing communities. The role requires on-site management, frequent travel, and strong leadership to maintain occupancy and compliance.

Responsibilities include budgeting, owner reporting, contract negotiation, and staff supervision. A background in LIHTC and Section 8, plus multi-site experience, is preferred; solid knowledge of Yardi and MS Office is essential.

Qualifications

• 5+ years of LIHTC and Project Based Section 8 multi-family affordable housing property management experience.
• Experience managing multi-site portfolios (5+ communities) preferred.
• Certifications/recertifications and MORs/NSPIRE inspections experience desired.

Responsibilities

• Oversee operations of assigned properties and ensure occupancy targets.
• Review monthly financials, prepare owner reports, attend asset meetings.
• Hire, supervise, and evaluate staff; manage personnel decisions.
• Ensure regulatory compliance and adherence to policies and procedures.
• Prepare budgets and negotiate contracts on behalf of properties.
• Coordinate regulatory inspections and oversee on-site operations.

Skills

Leadership

Communication

Time management

Yardi

Microsoft Office

Education

Bachelor's degree preferred

Tools

Yardi

MS Office

Job description

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

SUMMARY: The Regional Property Manager is responsible for managing operations and maximizing financial value of a diverse, multi-site residential apartment portfolio of market-rate communities. An associate in this position will be assigned by the VP to manage different properties in a region; this region is expected to be in Washington, DC Metro region such that routine daily/weekly travel to multi-family apartment communities will be required. The duties include achieving the financial and operational goals of the owner’s, the company, and of the region. The Regional Property Manager leads on-site staff to ensure a sufficient flow of revenue by maintaining a high percentage of apartment unit occupancy, adherence to property standards (to include unit turns and routine maintenance, grounds at a functional and high aesthetic level), Owner and resident satisfaction and controlling expenses.

NOTE: This role is not a work-from-home role, and will require the selected individual to be based in the DC/MD/VA Metro region. Regular travel to be on-site daily in support of properties in this region is a requirement.

ESSENTIAL DUTIES AND RESPONSIBILITIES includes the following. Other duties may be assigned.

• Responsible for the overall operations of assigned properties
• Review monthly financial reports, prepare owner reports and attend asset management meetings
• Answer questions from owner, government agencies, financial institutions, auditors, accounting, staff, etc
• Hire, oversee and evaluate staff, approve raises, counsel and administer personnel decisions
• Monitor compliance with federal, state and local regulations as well as Companypolicies and procedures, etc
• Review leases, rules and regulations, contracts, licenses
• Review rent schedules, personnel files and resident files
• Inspect site and implement standards
• Supervise, train and conduct staff meetings with Community Managers and other team members
• Enforce safety standards and training for staff
• Follow up as needed on all aspects of property management
• Prepare and implement budget
• Negotiate contracts on behalf of the property(ies)/company subject to approvals
• Prepare for regulatory agency inspections
• Any other tasks, duties, projects, and responsibilities as assigned by management

Qualifications:

The Regional Property Manager will have the following qualifications:

• Minimum 5+ years-experience in affordable LIHTC & Project Based Section 8 multi-family affordable housing property management. Strong preference for 2+ years of prior experience with multi-site portfolio management (5+ communities). Successful experience with certifications, recertifications, REAC/NSPIREinspections, MORs is required
• Working knowledgeof all aspects of property management, accounting, inspections, collections, evictions, marketing, etc
• Willing to travel 80%+ of the time to be on-site at properties within the RPM's assigned portfolio. Travel istypically daily but, often multi-day to properties within the region
• Understanding of financials, budgets, regulations, LIHTC, local and state statutes
• College degree preferred, but not required.CPM/HCCP/COS/certification or equivalent strongly preferred.
• Superb organizational and time-management skills, able to multi-task
• Customer service - common courtesy and good communication skills with residents, clients, employees, and other individuals at all levels
• Works well with minimal supervision and direction
• Strong leadership, management,and supervisory skills.
• Work days, evenings and weekends as needed
• Ability to train and evaluate others, and develop skills and effectively manage performance.
• Computer skills – Must have strong experience with Yardi and excellent proficiency with Microsoft Office Suite (Outlook, Word, Excel, SharePoint, Teams, etc.).
• Strong resident relations skills, and a role model in conflict resolution and customer satisfaction
• Must have a valid driver's license and reliable transportation to provide effective coverage and oversight for assigned community portfolio
• Other tasks, projects, responsibilities as assigned by management.

This role is exempt and has an anticipated annual pay range of $105k-125k for a new employee depending on a number of relevant factors including individuals’ experience, qualifications, knowledge, skills, abilities, client/property or company budgetary limitations/guidelines, and other job-related company and market considerations. This position may be eligible to receive discretionary and/or performance-based bonuses on a spot or annual basis, which are variable depending on individual merit/performance, budgetary limitations, company performance, and other job-related factors. This non-exempt role will be eligible for overtime for all hours worked in excess of 40 per week. Full-time positions (30+ hours/week) are eligible for 2 weeks paid vacation, 1 week sick leave, 11 paid holidays, and health & welfare benefits as outlined on the Company’s website. To learn more about our company and our benefits, go to: https://pratumco.com/careers/.

Pratum Companies is committed to a diverse workforce and is an Equal Opportunity Employer.