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Regional Property Manager (Multi-Family Market Rate Conventional)
Edgewood Management Gaithersburg, MD
$106k-143k (estimate)
Full Time 2 Weeks Ago
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Edgewood Management is Hiring a Regional Property Manager (Multi-Family Market Rate Conventional) Near Gaithersburg, MD

Residential Multi-Family Regional Property Manager
SUMMARY: The Regional Property Manager is responsible for managing operations and maximizing financial value of a diverse, multi-site residential apartment portfolio of market-rate communities. An associate in this position will be assigned by the VP to manage different properties in a region. The duties include achieving the financial and operational goals of the owner’s, the company, and of the region. The Regional Property Manager leads on-site staff to ensure a sufficient flow of revenue by maintaining a high percentage of apartment unit occupancy, adherence to property standards (to include unit turns and routine maintenance, grounds at a functional and high aesthetic level), Owner and resident satisfaction and controlling expenses.  

ESSENTIAL DUTIES AND RESPONSIBILITIES includes the following. Other duties may be assigned.

  • Responsible for the overall operations of assigned properties
  • Review monthly financial reports, prepare owner reports and attend asset management meetings
  • Answer questions from owner, government agencies, financial institutions, auditors, accounting, staff, etc.
  • Supervises all on-site staff, including hiring, training, supervision, and corrective measures. Determines productivity standards of each staff member and tracks individual performance by monitoring common standards.
  • Maintains awareness of market/industry conditions and trends via trade publications, professional organizations, etc. Regularly evaluates market conditions and comparable properties.
  • Prepares and implements annual budget in coordination with owners and asset managers. Monitors the property budget on a daily basis in accordance with established goals; keeps expenses in line with the budget.
  • Physically walks and inspects the interior and exterior of every community within his/her portfolio on a weekly basis. Makes recommendations for physical repairs and/or replacements.
  • Maintains positive customer service attitude. Attends to resident concerns on an as needed basis.
  • Reviews leases, rules and regulations, contracts, licenses
  • Reviews rent schedules, personnel files and resident files
  • Reviews Delinquency Report, bank deposits, equipment inventory, inspections, etc.
  • Supervises others, including managers who supervise on-site staff. Meets with staff individually and in group meetings to communicate information and company news, to ensure that directives and goals are mutually understood, and to receive feedback and discussion.
  • Assures that associates follow company policies and safety rules; complies with company policies for reporting incidents.
  • Enforces safety standards and training for staff.
  • Follows up as needed on all aspects of property management
  • Negotiates contracts but not signing.
  • Prepare for regulatory agency inspections
  • Conducts all business in accordance with company policies and procedures, Fair Housing, Americans with Disabilities Act, Fair Credit Reporting Act, and all other laws pertaining to apartments.
  • Other tasks, projects, responsibilities as assigned by management. 

Qualifications:

The Regional Property Manager will have the following qualifications:

  • Working knowledge of all aspects of property management, accounting, collections, marketing, etc. Has successfully managed a portfolio of multiple multi-family apartment communities with 5 years experience and has experience being responsible for the operational oversight of 1,500 units.
  • Advanced organizational skills
  • Fair but firm attitude toward employee and resident relations.
  • Works well with minimal supervision and direction
  • Ability to adapt to different working environments and situations quickly
  • Ability to direct others to achieve company goals
  • Ability to sell products and services to potential customers
  • Excellent communication and interpersonal skills, both verbal and written. ability to interact with wide range of people
  • Strong attention to detail – ability to read reports and analyze data. Ability to keep track of a busy schedule and multi-projects through the course of the day. Must be able to read contracts and understand legal terms
  • Work days, evenings and weekends as needed.
  • Ability to train and evaluate others. 
  • Computer skills – Site Accounting Program, Word, Excel, etc.
  • Financially savvy – able to understand complex financial situations and forecast performance. Ability to read and understand Key Performance Indicator reports and take action to improve performance.
  • Understanding of local, state and regulations, statutes.
  • Self-motivated - needs limited supervision and is accountable for actions and decisions; however, is able to communicate important details.
  • Multi-tasker – able to attend to many matters throughout the day and meet deadlines. Able to delegate tasks to others to accomplish goals
  • Computer literacy/word processing skills, property management, Email and software skills required.

About Us

Edgewood Management Corporation is at the forefront of the multifamily residential market, managing and supporting a diverse portfolio of over 16,000 apartment units across 8 states and the District of Columbia. With a rich history in both affordable and market-rate housing, we have garnered recognition from the National Affordable Housing Management Association (NAHMA) and the National Multi-Housing Council (NMHC). We provide a comprehensive suite of real estate management, compliance/leasing, and commercial cleaning services, focusing on innovative solutions and the complete spectrum of property asset management including operations, administration, finance, marketing, compliance, and training.We pride ourselves on offering a competitive salary and extensive, market-competitive health and welfare benefits including:
  • Medical, Dental & Vision Insurance
  • Paid Vacation & Holiday & Personal/ Sick Leave
  • Company Paid Life and AD&D Insurance
  • Company Paid Short-Term and Long-term Disability
  • Supplemental Life Insurance
  • Dependent Supplemental Life Insurance
  • Financial Planning
  • Retirement Savings Plan with company matching
  • Company outings and events

Edgewood Management Corporation is committed to a diverse workforce and is an Equal Opportunity Employer.

Job Summary

JOB TYPE

Full Time

SALARY

$106k-143k (estimate)

POST DATE

05/03/2024

EXPIRATION DATE

07/30/2024

WEBSITE

edgewood.com

HEADQUARTERS

MOUNT AIRY, GA

SIZE

25 - 50

FOUNDED

1974

CEO

CARL R COLSTON

REVENUE

$10M - $50M

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About Edgewood Management

Edgewood Management LLC, the investment adviser to the Edgewood Growth Fund, was founded in 1974 and is SEC registered. Located in New York City, the firm manages a large cap growth strategy. Independently owned by its employees, Edgewood Management LLC was originally formed as a family office providing portfolio management services to family groups and high net worth individuals. Over the last decade Edgewood began providing its services to an institutional clientele. The Edgewood team relies on stock selection in constructing a concentrated portfolio of growth companies it deems to be of hig...h quality with moderate turnover over the course of a year. Using an investment horizon of three to five years, careful attention is paid to valuation, quality of earnings, strength of the balance sheet and cash generation. Edgewood is dedicated to providing the highest level of service and transparency in growing our clients assets over many different economic cycles. More
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The following is the career advancement route for Regional Property Manager (Multi-Family Market Rate Conventional) positions, which can be used as a reference in future career path planning. As a Regional Property Manager (Multi-Family Market Rate Conventional), it can be promoted into senior positions as a Commercial Property Manager III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Regional Property Manager (Multi-Family Market Rate Conventional). You can explore the career advancement for a Regional Property Manager (Multi-Family Market Rate Conventional) below and select your interested title to get hiring information.

If you are interested in becoming a Regional Property Manager, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Regional Property Manager for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

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Property management services are designed around the owner's particular needs.

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Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Regional Property Manager jobs

Make communication a core competency.

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Successful property managers do not procrastinate.

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Get up to speed and stay current on all things related to property management.

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Develop a system to find the right tenant.

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Have a long-term strategy and set goals.

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Step 3: View the best colleges and universities for Regional Property Manager.

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