The Regional Manager is responsible for the management of a portfolio of communities in a given geographic area. This person is focused on the financial performance of each community, ensuring that it is properly staffed and managed to provide an optimal return to the investors. This person also has specific training and experience to oversee multiple managers and provide guidance on operating and financial issues to those managers.
Responsibilities
Meeting budgeted income, expense and leasing goals for the portfolio.
Evaluating market conditions with each Community Manager to determine unit prices in accordance with the market and budgeted goals.
Hiring and supervising Community Managers.
Conducting ongoing meetings with Community Managers to keep them apprised of current issues.
Assisting each Community Manager in the development of an annual marketing plan and conducting marketing reviews on a periodic basis.
Oversight of the annual budget process for each community.
Reviewing the financial operations of each community on at least a monthly basis.
Approving all capital projects and major contracts.
Evaluating the staff of each community in regard to leasing guidelines.
Ensuring that all staff members provide the highest level of service to residents.
College Degree Preferred.
Fluent knowledge of Fair Housing standards and their implementation.
Three years Regional Manager experience with solid understanding of residential/ multi-family industry fundamentals.
Must have worked with conventional multifamily properties. Must have previous multi-family marketing experience and background in asset/portfolio management and operational experience.
Experience with properties undergoing renovations is preferred.
Must have a strong finance background with a deep understanding of multifamily financials like but not limited to profit and loss statements, proformas, and accrual-based accounting etc.
Seniority level
Director
Employment type
Other
Job function
Sales and Management
Industries
Real Estate
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