Tokola Properties has been in business since 1971 and is continuously growing! We are currently searching for a Regional Property Manager to join our Dynamic Team. This role is responsible for overseeing and managing the overall performance and profitability of a portfolio of properties located in Oregon, Washington, and Arizona. This role involves developing and implementing effective property management strategies, ensuring high resident satisfaction, and optimizing financial returns for property owners. The Regional Property Manager plays a crucial role in coordinating and leading property management teams, collaborating with various stakeholders, and maintaining a strong understanding of the real estate market trends in the region.

REGIONAL PROPERTY MANAGER ROLE DESCRIPTION:

This position will be responsible for achieving revenue growth, occupancy goals and the Owner’s asset performance expectations within the assigned portfolio. This position will be responsible, but not limited, to the following:

• Ensures that the portfolio and individual communities meet the established operational, financial, and business performance goals by inspecting properties, reviewing financial, market, and operational reports, and developing and implementing appropriate action plans to achieve results.
• Ensures compliance with Fair Housing laws and regulations.
• Collaborates with Community Managers to ensures that the portfolio and individual communities meet the established operational, financial, and business performance goals.
• Oversee and manage budgets, ensuring that financial targets are met or exceeded.
• Oversees the vendor selection and negotiation process and monitors vendor performance.
• Conducts property walks with Maintenance Supervisor and Property Managers to ensure that the property consistently meets company standards, including curb appeal, cleanliness, asset preservation, and safety standards.
• Promotes and upholds company culture, vision and core values.
• Efficiently handles escalated resident requests and concerns.
• Monitors rental activity including traffic, move-ins, move-outs, closing ratios and notices to ensure financial performance requirements for assigned communities are being met.
• Demonstrates understanding and knowledge of the competitive property markets within the assigned portfolio.
• Regularly conducts market analysis and develops leasing and pricing strategy accordingly.
• Maintains fiscal oversight and is responsible for YOY revenue growth, income maximization and expense control for assigned portfolio.
• Prepares annual operating and capital expense budgets for approval.
• Reviews and approves vendor invoices ensuring these are inspected for vendor delivered services, confirmation of negotiated price and budget compliance.
• Monitors delinquency management program and ensures assigned properties are taking preventative steps to reduce evictions and write-offs.
• Works closely with the Accounting team on month-end activities to ensure financials are accurate accounting activities have been completed by the portfolio.

PROFFESIONAL REQUIREMENTS:

• 3 years of related experience for a residential multifamily portfolio over 1000 units.
• Must be able to regularly travel to multiple property locations daily/weekly/monthly within the assigned portfolio as well as company meetings and conferences.
• Associate or Bachelor’s degree from an accredited college or university preferred in Business, Real Estate, or related fields is preferred.
• Proven experience in a leadership role with managing diverse properties.
• Proficiency in using property management software (preferably Entrata), word processing, spreadsheet, and database management applications to complete and produce required reports and other employment documents.
• Strong financial acumen and analytical skills.
• Excellent communication and team management skills.
• In-depth knowledge of real estate laws, regulations, and market trends.
• Abilities to create and manage stakeholder relationships.

Job Type: Full-time

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Referral program
• Vision insurance

Experience level:

• 3 years

Schedule:

• Monday to Friday
• Weekends as needed

Ability to Relocate:

• Portland, OR: Relocate before starting work (Required)

Work Location: In person