Regional Property Manager - LIHTC

NRP Investments LLC; Irving (TX); On-site; USD 90,000 - 140,000; Full time

Benefits offered by this job

Commission and bonus opportunities

401(k) Match

Medical/Dental/Vision/Life Insurance

Vacation and sick leave

Paid holidays

Maternity & parental bonding leave

Training, certification, & growth

Job summary

The NRP Group is seeking a Regional Property Manager to oversee LIHTC communities in the DFW area. You will lead a team, drive operational and financial performance, enforce policy, and collaborate with the Regional VP of Property Management to execute asset plans.

Ideal candidates bring 5+ years in property management at a regional level, strong knowledge of LIHTC and related regulations, and proficiency with YARDI and MS Office. A valid driver’s license is required.

Qualifications

• 5+ years of experience in property management, with recent Regional Property Manager or Director-level experience.
• Experience managing market-rate communities.
• Knowledge of Landlord-Tenant Laws, Fair Housing Regulations, and IRS Section 42 LIHTC program.

Responsibilities

• Oversee a diversified portfolio of LIHTC communities to meet financial targets.
• Lead hires, supervise community managers and maintenance staff.
• Prepare annual budgets and property plans with Community Managers.
• Monitor occupancy, income, and collections; manage vendor relationships.
• Ensure compliance with procedures and timely reporting.

Skills

Property management

Regional leadership

YARDI software

MS Office

Education

Bachelor’s degree

Tools

YARDI

Microsoft Office

Job description

Come join NRP’s A+ team! We’ve been recognized as a “Top Workplace” because we promote a culture where our team can build long-term careers and connections. As we grow as a company, our goal is that you will grow in your career. NRP has been recognized with several industry awards including Top Workplaces; Best and Brightest Companies to Work For; and National Apartment Association’s Best Places to Work.

Benefits

• Commission and bonus opportunities
• Paid vacation and sick leave 11
• Paid holidays
• Paid maternity & parental bonding leave
• Short & long term disability
• Medical/Dental/Vision/Life Insurance
• 401(k) Match
• Training, certification, & growth opportunities
• Employee referral & recognition programs

Since its founding in 1994, NRP has been dedicated to building quality homes for our residents, regardless of income. The NRP Group is a full-service multifamily developer, general contractor, and property manager with assets and operations reaching an expanding range of markets nationwide. For additional information, please visit www.NRPGroup.com.

Join The NRP Group as a Regional Property Manager overseeing our LIHTC communities in DFW! Under the direction of the Regional Vice President of Property Management, the Regional Property Manager is responsible for leading employees and managing the operations of a portfolio of properties in various phases of development, construction and lease up.

Essential Functions Statement(s)

• Effectively manage all communities to achieve financial and operational targets
• Provide feedback on capital needs and other asset plan items; complete asset plan items as required
• Monitor employee performance; take action as necessary to improve portfolio or asset performance
• Complete annual performance reviews and regularly communicate employee performance expectations and achievement
• Seek to build employees teams and provide motivation and direction as required
• Manage all community wage, salary, bonus, incentive and commission issues
• Ensure all NRP community procedures are being accomplished; monitor community performance at both the micro level (following procedures, practices) and macro level (occupancy, income, collections)
• Ensure integrity of application and file approval process at communities
• Monitor community financials; review variance reports; review financials with Community Managers regularly
• Work with Community Managers to prepare annual budgets and property plans
• Approve community vendors
• Approve community purchase orders and expenditures
• Perform regular community inspections (physical, operational, file review)
• Manage portfolio rents; propose adjustments as necessary
• Manage portfolio resident selection criteria; monitor and make adjustments as necessary
• Monitor portfolio collections and collection procedures; ensure all collections activities are accomplished
• Manage portfolio vendors such as collections agencies, legal representation, etc.; monitor performance and make changes as appropriate
• Recruit, interview and hire community managers and maintenance managers; approve all community new hires; ensure new hire paperwork is processed and delivered to Human Resources
• Support Community Managers as necessary on resident issues, supportive services issues, vendor issues, compliance approvals and other operational duties
• Regularly meet with community staff and ensure that weekly community meetings are held
• Coordinate portfolio training, Marketing, Compliance, Accounting, IT and HR activities
• Ensure Regional Maintenance program is executed throughout portfolio; work with Maintenance Director and Regional VP to improve Maintenance program and execution
• Prepare and deliver Regional Portfolio reports as required
• Initiate new programs, procedures or practices in portfolio as directed
• Represent portfolio in Apartment Association, to local PHA’s, state agencies, etc. as required
• Coordinate pre-lease set up of new communities; hire and train staff
• Coordinate, manage and monitor community audits by Syndicators, state agencies, etc.
• Participate in senior level management meetings as required; participate in regional team meetings as required
• Act as portfolio representative to coordinate activities and resolve issues with portfolio Construction and Development representatives

Key Deliverables/Objectives

• Achieve best possible financial success from the portfolio within the guidelines set by Regional Vice President, Vice President and Partners
• Seek to maximize income and minimize expenses; ensure Community Managers are actively operating communities at or above budgeted income and at or below budgeted expenses
• Maintain aggressive staffing levels while achieving the financial goals for each community
• Deliver accurate and timely regional reports
• Ensure every new employee completes the NET within 30 days of employment
• Ensure all re-certifications are current
• Achieve 96% occupancy and 96% portfolio rent collections with minimal approved write-offs
• Maximize credit delivery on new project lease ups; complete all lease-ups in 12 months or less
• Qualify all units prior to the qualification deadline
• Perform a thorough community inspection on each community at least twice per calendar year
• Perform other duties as required

Skills & Abilities

Education: Bachelor’s degree highly preferred

Experience: 5+ years of experience in property management with 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 Program and other laws as they relate to property specific guidelines and occupancy standards

Technical Skills: Strong computer skills, especially in the Microsoft Office Suite; knowledge of YARDI software

Other Requirements: Valid Driver’s License

The NRP Group is committed to a policy of ensuring that all employees and applicants for employment are recruited, hired, assigned, placed, transferred, demoted, laid off, terminated, paid, trained, and generally treated during employment on the basis of qualifications and merit; without discrimination due to color, race, religion, sex (including pregnancy or marital status), sexual orientation, gender identity and expression, age, national origin, ancestry, veteran status, military status, disability, genetic information, citizenship, or any other classification or activity protected by federal, state, and local law and ordinances.

Come join NRP’s A+ team! We’ve been recognized as a “Top Workplace” because we promote a culture where our team can build long-term careers and connections. As we grow as a company, our goal is that you will grow in your career. NRP has been recognized with several industry awards including Top Workplaces; Best and Brightest Companies to Work For; and National Apartment Association’s Best Places to Work. We value our employees by offering a competitive benefit package including: Commission and bonus opportunities Paid vacation and sick leave 11 Paid holidays Paid maternity & parental bonding leave Short & long term disability Medical/Dental/Vision/Life Insurance 401(k) Match Training, certification, & growth opportunities Employee referral & recognition programs For over 25 years, NRP has been dedicated to building quality homes for our residents, regardless of income. The NRP Group is a full-service multifamily developer, general contractor, and property manager with assets and operations in Ohio, Texas, North Carolina, Virginia, Florida, Michigan, Indiana, Pennsylvania, Maryland, New Jersey, New York, and Massachusetts. Visit www.NRPGroup.com for more information.

The NRP Group is committed to a policy of assuring that all employees and applicants for employment are recruited, hired, assigned, placed, transferred, demoted, laid off, terminated, paid, trained, and generally treated during employment on the basis of qualifications and merit; without discrimination due to color, race, religion, sex (including pregnancy or marital status), sexual orientation, gender identity and expression, age, national origin, ancestry, veteran status, military status, disability, genetic information, citizenship, or any other classification or activity protected by federal, state, and local law and ordinances.