Regional Manager

US-NY
Job ID
2124
Function
Asset / Portfolio Management
NY Home Office

Overview

Affordable housing laid the foundation of Related Companies and we continue to place a high priority on developing, acquiring and preserving housing for this sector. In fact, over 60% of our 50,000+ residential apartment homes under our management are part of one or more affordable housing programs, and an additional 20% of these homes provide workforce housing.

In the area of acquisitions and refinancing, we pursue properties that meet one of the following criteria: Section 8 properties with project-based contracts; Section 236 properties in need of rehabilitation; Section 42 LIHTC properties with expiring low-income restrictions; Section 515 FmHA properties with loans that can be prepaid; or other assisted properties, including HODAG, HOME, federal or state-financed public housing.

Many of the buildings we encounter are in need of substantial upgrading and preservation in order to continue to properly fulfill the needs of their tenants. Given our 42 years of experience in debt and equity financing – as well as our extensive management of government-assisted properties – we are well positioned to buy out existing owners who lack the resources and experience to recapitalize and, therefore, wish to exit the affordable housing arena. In addition, with our extensive development experience, we bring the knowhow to expertly rehabilitate the units, thus assuring the continued viability of these projects for years to come.

Responsibilities

Related Management has a rare opportunity for a qualified Regional Manager. The multi-site portfolio is located in areas of New York spanning from Brooklyn to Riverhead. Candidate must be a dynamic professional with a proven history of results, including asset preservation, budget performance, industry compliance, and effective communication and leadership skills.

 

Duties and Responsibilities:

  • Complete oversight of all real estate property management functions including managing the day-to-day administrative and maintenance operations
  • extensive staff supervision
  • creating and implementing leasing and marketing plans, resident relations, budget preparation and financial reporting, and monitoring compliance with Section 8, 236, and LIHTC laws.
  • Hires and supervises all site staff, including initial screening and interviewing for all administrative staff, building superintendents, and leasing staff where appropriate. Parts of the process may be delegated to the appropriately trained site property managers where applicable and with validation that required training and skills are in place.
  • Supervises all site accounts payable and accounts receivable functions.
  • Reviews site budget-control logs and monthly income statements. Prepares monthly variance analysis reports (Financial Overviews) for submission to the regional office by the 15th of the month
  • Ensures that all resident complaints are handled expeditiously, diplomatically and professionally.
  • Supervises the appropriate building security measures, incident documentation, lease violation reports and proper notification of management, owner and/or insurance carriers where necessary.
  • Develops, implements, and assures continued implementation of preventive maintenance programs; coordinates with and is responsive to the Regional Facilities Manager, if applicable. Develops appropriate schedules and formalizes the program in writing.
  • Ensures that maximum economic rents are achieved through the active rent level management, general and targeted outreach methods, assurance of leasing skills, and resident retention programs.

Qualifications

  • Must have at least 1 Affordable industry certification such as CPO, CPM, SHCM, TCM, or equivalent Or
  • Must be in Property management or related experience for at least 3-5 years Or
  • Must have a Bachelor’s degree or equivalent experience  
  • Must be willing to travel to properties and work mostly out of several properties
  • Financial reporting/Favorable budget results
  • Customer Service
  • Renovation/ Rehab
  • Affordable program management / layering
  • CPM, RMP, or CAM certification preferred

Salary Range: $90,000-$95,000 DOE

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