Regional Property Manager
Metro Detroit, MI
Full Time
Manager/Supervisor
Job Title: Regional Property Manager
Compensation: $110,000 to $130,000, based on experience
Job Summary
Our client is seeking a Regional Property Manager to oversee and direct day-to-day operations across their residential portfolio. This role directly manages functional line managers (leasing, resident services, and maintenance) and maintains clear communication between Property Managers and the Central Office on all transactions and activities.
Responsibilities
- Revenue & Cost Control: Maximize rental income and control operating costs for each property.
- Financial Oversight: Review monthly financial reports and budget variance analyses. Lead the annual operating and capital expenditure budgeting process with Property Managers and owners. Monitor budget performance and make recommendations as needed.
- Marketing & Advertising: Work with Property Managers and Leasing Agents to develop and carry out marketing and advertising plans across markets. Recommend improvements to marketing activities, review occupancy status and recommend market rent schedules.
- Site Visits & Inspections: Visit sites regularly to make sure site offices are organized and running smoothly. Inspect property grounds and buildings to make sure the highest standards are maintained. Evaluate how efficiently maintenance, grounds and housekeeping operations run. Periodically inspect vacant units to confirm they are market-ready.
- Compliance & Practices: Work with the corporate office to make sure property management practices are put in place and followed. Review and audit administrative, accounting and maintenance areas for compliance with established policies and procedures, and approve any exceptions.
- Preventive Maintenance: Review the preventive maintenance program with managers and maintenance staff.
- Staff Management: Work with Property Managers to recruit, retain and develop staff at all levels. Hire, train, supervise, develop, discipline and terminate supervised staff in line with company policies. Approve all new hires, status changes and terminations for on-site personnel, and support Property Managers with site-level staffing matters.
- Performance Evaluation: Evaluate direct reports every year, or more often as needed.
- Contract Management: Oversee property contracts. Negotiate and evaluate contracts and make recommendations.
- Operations Monitoring: Monitor the processing of work orders, payroll, leasing, occupancy and purchase orders. Track new leases and renewals. Oversee the RUBS (Ratio Utility Billing System) program so tenants are billed correctly. Monitor resident delinquencies and vendor payments at property offices. Oversee inventory control and purchasing, and review and approve spending within budget guidelines. Monitor the make-ready completion process and negotiate with vendors as needed so units are finished on time.
- Resident Relations: Resolve resident issues and concerns.
Requirements
- Bachelor’s degree in business or a related field
- At least 3 years of experience as a Property Manager or Regional Property Manager
- Experience managing a staff of at least 16, including maintenance and leasing departments
- Proficiency in MS Outlook, Excel and Word
- Proficiency in Yardi
Perks/Benefits
- Competitive salary
- Bonus eligibility
- Retirement plan
- Paid time off
- Car stipend
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