Multifamily Regional Property Manager - Austin, TX
Job description
The Opportunity
Position Title: Regional Manager – Austin, TX
Reports to: Vice President of Operations
Position Purpose
When you join Northland, you will work alongside innovative industry leaders who set the standards responsible for our reputation as an industry leader, and you'll be a part of shaping our future for years to come. As a Regional Property Manager, you will be responsible for supporting and executing operation strategies by leading team members on a portfolio of properties, and by supporting policies, procedures, and practices that enable each property to meet and/or exceed budgeted financial goals and achieve performance objectives.
Essential Functions
The following list of essential job functions is not exhaustive and may be supplemented or changed, as necessary.
- Manages the financial and operational performance of the assigned portfolio, identifies, and investigates indicators of performance opportunities and guides the development of action plans that address deficiencies or maximize opportunities to ensure the portfolio meets goals and objectives.
- Provides leadership to the team of community managers by interviewing, hiring, and developing team members, and by managing their performance in accordance with policies, values, and effective business practices.
- Ensures the appearance and physical aspects of properties meet the established standards through routine site visits and communicates concerns and requests for capital as needed to provide for the physical upkeep of each property.
- Develops the annual budgets for the assigned portfolio and oversees attainment of budgeted goals by analyzing and evaluating financial statements, reconciling monthly statements against approved budget, and resolving financial gaps in the portfolio performance.
- Reviews, analyzes, and interprets market data to identify emerging trends that may impact the performance of the portfolio, and works with the community managers and other departments to develop and implement strategies that drive occupancy and revenue growth.
- Coordinates work activities and services from vendors, consultants, and other contractors by researching and identifying needs, negotiating contracts, monitoring progress, processing invoices, and ensuring effective and timely communication between project team members.
- Keeps abreast of current changes in technology, processes, and standards within the industry and area(s) of responsibility by attending internal and external classes, researching and/or subscribing to professional publications, or utilizing other appropriate method(s) to obtain business and professional information
About You
Qualifications and Requirements
The individual must possess the following knowledge, skills, and abilities and be able to explain and demonstrate that he or she can perform the essential functions of the job, with or without reasonable accommodation, using some other combination of skills and abilities.
- Bachelor’s Degree from an accredited College or University (preferred).
- A minimum of 7+ years of experience in multifamily real estate with experience managing a diverse property portfolio, including a mix of garden style, mid-rise, high-rise, and luxury communities. Prior experience in a Regional Manager role preferred.
- Strong understanding of financial reports, basic business fundamentals, including P&L management required. Experience with LRO and Yardi preferred.
- Strong interpersonal skills along with high degree of professionalism and management experience required.
- Experience exhibiting leadership presence and serving as a trusted leader in the coaching and development of their team and direct reports to foster a collaborative work style to achieve collective goals.
- Must be able to identify and resolve problems in a timely manner, including multitasking to manage competing demands, and to deal with change, delays, or unexpected events.
- Ability to demonstrate accuracy and thoroughness and monitors own work to ensure quality and completion within communicated deadlines.
- Ability to work effectively with external vendors and customers; consistently exhibits a professional demeanor in dealing with others and works to maintain constructive working relationships.
- Complies with all Northland Investment Corporation policies and procedures.
- Ability to travel to and from destinations as necessary.
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