Job Summary:
Under the direction of the Regional Manager, Vice President of Real Estate and President, the Assistant Regional Real Estate Manager is responsible for all operations of his or her apartment portfolio, with an emphasis on optimizing revenue and NOI, preserving assets for individual properties, creating and enforcing policy for efficiency in operations, developing team members, and creating a positive work environment.
Essential Duties and Responsibilities:
- Manage portfolio financial performance by creating and achieving annual operating budgets, monitoring expense control, and analyzing monthly Profit and Loss Statements to incorporate strategies for improvement.
- Provide budget guidelines to establish income and expense benchmarks, turnover expenses, staffing levels, rent increase percentages, and other strategies.
- Monitor and make recommendations for revenue plans, delinquencies, deposit procedures, resident reimbursements, and processing of payables for the best interest of the company.
- Examine turnover procedure for damage assessment, turnover costs, and fees associated with them.
- Make recommendations for capital improvements and deferred maintenance and ensure all tasks are completed on time and within budget.
- Approve property invoices and ensure property checks are cut correctly.
- Review delinquency weekly, including detailed delinquency report as required. Coach the Real Estate Manager on any action required to collect rents and provide training as needed. Monitor filings to the attorneys and to FCO/Better NOI for collections.
- Assist the Real Estate Manager in obtaining competitive bids and proposals for work and services.
- Examine turnover procedures for quality and timely completion of finished units. Implement changes as needed.
- Assist the Real Estate Manager, Service Director, and Regional Service Director on capital improvements and deferred maintenance projects and ensure all are completed on time and within budget.
- Monitor work of contractors and report findings to the RSD.
- Ensure that each property has a safety program that is effective and proactive.
Requirements:
- BA or BS or CPM and 5 years multi-site experience required.
- Three years of experience in direct supervision of management staff of three or more.
- Excellent knowledge of eviction law, Fair Housing, and other legal issues affecting property management.
- Strong computer skills including Microsoft Word, Excel, Outlook.
- Proficiency in one of the following: MRI, Real Page or YARDI.
- Must be able to walk apartments and grounds, including steps and climbing stairs.
- Occasionally requires lifting 20 pounds or less.
- Valid driver’s license.
Skills
Preferred:
- Real Page.
- Real Page Financial Suite.
- Real Page One Site.
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