Must have experience with HAP-Project Based Section 8, Tax Credit & familiar with HUD Inspections (REAC/INSPIRE)***
Job Purpose
The Regional Manager is a key position within our Residential Management operation. The position serves as the leader in quality control for our on-site operation, the heartbeat of our organization. This critical job requires that the Regional Manager remain in close contact with his/her properties and people. Occupancy, expenses, collections, and leasing must be monitored closely in order to increase profits and reduce financial exposure. The Regional Manager must look to Senior Management for guidance and support to succeed in this position. The person must be a self-starter, highly motivated, and skilled in managing people and product.
OPERATING PHILOSOPHY
Our operating philosophy is to manage projects for a long-term hold with an underscoring objective to increase revenue,control expenses, and to achieve the goals of growth in net operating income based on each owner’s objectives for the property. In addition, property replacement expenditures will be reviewed and approved based on how they will enhance the overall project revenue, protect the overall investment, or in some cases, reduce the operating expenses to increase the value of the property. Limits for such approval are based on the specific contract guidelines per property.
Duties And Responsibilities
To organize, direct and manage the operation of multiple apartment communities in accordance with our policies to achieve the owners’ objectives.The primary Regional Manager’s general responsibilities include, but are not limited to, motivating, directing, and following through with on-site managers to achieve the following:
Maximum utilization of on-site resources (people, time, material, capital, and facilities) to increase sales, increase prospect base and retain residents under contract
Accurate implementation ofaccounting, marketing, and maintenance policy and procedure
On-going protection, maintenance, and effective use of ALL property equipment, facilities, material, landscape, and other assets within the manager’s control
Recruitment, training, and development of all property personnel to create a motivated team to provide a positive company/community relationship
Timely and accurate financial and accounting controls to provide a clear financial picture of each property
FINANCIAL
Prepare annual budgets in detail with the cooperation of on-site managers supported by complete and detailed budget assumptions
Design budgets based on formulas prescribed by owners and senior management
Review monthly financial statements, collection reports, and budget status in detail with managers and Vice President for problem areas, correction, and variance reporting
Complete standardized monthly variance report for assigned properties
Approve all replacement expenditures by issuance of purchase orders to managers based on contract approval limits. All replacement expenditures must have a referencing purchase order/funding requesting
Issue purchase orders on budget variances within appropriate approval levels
Approve all bills and security deposit dispositions incurred on assigned projects
Audit lease renewal worksheets monthly and delinquent reports weekly, or daily if required, to determine whether manager 1) is giving appropriate rent increases, 2) is collecting all rental receipts, and 3) is preparing the paperwork accurately
Review the delinquency report weekly, or daily if required, in detail with managers to determine the status of evictions or collection potential on individual residents
Cooperate in unbiased and unannounced property audits
Every twelve months or sooner, re-bid all recurring contracts to ascertain the best price
Coordinate major projects supervision and payments with the company president and/or the owner’s representative
MARKETING
Review the weekly reports prepared by the managers to review problem floor plans and recommend rent adjustments or specials where floor plans remain leased at high levels. Review the report to evaluate traffic and capture rate progress and recommend improvements
Review weekly marketing objectives and implement recommendations as requested to improve marketing
Motivate personnel on-site so that a high level of accomplishment and professionalism is maintained
Coordinate brochure design, signage, and advertisements
Review monthly market studies of assigned projects to stay abreast of changing market conditions and recommend changes depending on the market
Recommend rental rates or rental concessions to the Vice President. No changes should be made without good reasoning, studies, or identification of trends and the changes cannot be made without the Vice President’s approval
Utilize company marketing and training resources to develop “service-oriented management teams.”
Monthly sign-off on lease renewal worksheet
Adhere to deadlines on the monthly calendar
OPERATIONS
The monthly financial statement and weekly reports are designed to track the financial, marketing, and overall operational performance of each property. The marketing and operational aspects are reviewed on an ongoing basis but are reported by the Regional Manager on a weekly basis. The financial aspect is reported, by the Regional Manager to the Vice President, on a monthly basis. The Regional Manager is responsible to assess market trends, revenue trends, and the overall performance of each property and translate this assessment into monthly objectives. The objectives should focus on improving each property’s performance. The Regional Manager and Vice President must work weekly and even daily to achieve their performance objectives.
Responsible for knowing the rental application, lease, and all applicable Texas property code laws
Responsible for keeping up to date with the TAA Redbook and any changes relating to the TAA application, lease, and related lease forms
Set specific objectives for on-site managers to evaluate accomplishment (marketing, collections, and motivation)
Motivate on-site personnel to obtain better productivity and professionalism
Inspect properties at least weekly (based on geographies, monthly) to evaluate the quality of vacant units, collections, leasing progress, report preparation, and personnel motivation
Coordinate salary administration review with the Vice President annually of on-site personnel
Coordinate hiring of on-site personnel through the manager
Discuss problem areas and recommend solutions with the Vice President for direction and approval
Coordinate on-site staff with marketing, systems, and maintenance training to improve productivity
Involve on-site managers with follow-up on all audits
Inspection with sales or syndication personnel by requests for project visits or mortgage inspections and eventual closings or takeovers
SKILLS, KNOWLEDGE, EXPERIENCE &EDUCATION:
Excellent written and oral communication skills
Can create a motivating environment
Can demonstrate and apply basic sales techniques (in person – on the telephone)
Ability to model and demonstrate company operational practices and policies
Prior sales experience helpful
3-5 years experience in Real Estate
Experience in varied apartment marketplaces
Proven track record in hands-on apartment management operation(s)
Can operate a personal computer, software, and office-related peripherals i.e. printer, fax, copier, etc
Experience using the Internet, Microsoft Windows, and Microsoft Office (Outlook, Word & Excel)
Knowledge of industry-related programs such as OneSite, Yardi, and Bluemoon (Apartment Association Forms)
SPECIAL CONSIDERATIONS
The job requires more than a forty-hour week.Periodic weekend visits to properties might be necessary.Travel and/or relocation may be necessary.
Benefits:
401(k)
Dental Insurance
Health insurance
Paid time off
Vision insurance
Equal opportunity employer and a drug-free workplace.
Powered by JazzHR
JsGuz1uaSI
Seniority level
Director
Employment type
Full-time
Job function
Sales and Business Development
Industries
Internet Publishing
Referrals increase your chances of interviewing at SUNRIDGE MANAGEMENT GROUP INC by 2x