Regional Property Manager MD/DC Area Multi-Family Affordable Housing

Pratum Companies
US - Maryland - Gaithersburg
January 18, 2025

Regional Property Manager - Residential Multi-Family Affordable Housing - DC/MD 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 will be in the Washington, DC Metro Area (Montgomery County, MD) 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 Maryland/DC Metro Area nearby the properties that will be within the RPM's portfolio.
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 Company policies and procedures, etc.
Review leases, rules and regulations, contracts, licenses.
Review rent schedules, personnel files and resident files.
Review Delinquency Report, bank deposits, equipment inventory, inspections, etc.
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 & HUD Project Based Section 8 multi-family affordable housing property management.
Successful experience with certifications, recertifications, REAC/NSPIRE inspections, MORs is required.
Working knowledge of all aspects of property management, accounting, inspections, collections, evictions, marketing, etc.
Willing to travel 90%+ of the time to be on-site at properties within the RPM's assigned portfolio.
Travel is typically daily but, often multi-day to properties within the region.
Understanding of financials, budgets, regulations, all applicable affordable programs, 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 - Site Accounting Program, Word, Excel, 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 $85k-120k 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, 3 weeks sick and related 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:
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Pratum Companies is committed to a diverse workforce and is an Equal Opportunity Employer.

Read the full job description and apply online on the recuiter's web-site

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