What are the responsibilities and job description for the Property Stabilization Manager position at Career Strategies?
Property Stabilization Manager – Washington, DC
We are seeking an experienced Property Stabilization Manager to lead turnaround and performance recovery efforts across distressed multifamily communities. This is a high-impact, operationally focused role designed for a seasoned leader who thrives in stabilization environments and drives measurable results in occupancy, collections, compliance, and team performance.
This position reports directly to senior leadership and plays a critical role in improving asset performance, optimizing NOI, and strengthening on-site operations.
Key Responsibilities
Occupancy Stabilization
Qualifications
What’s Offered
We are seeking an experienced Property Stabilization Manager to lead turnaround and performance recovery efforts across distressed multifamily communities. This is a high-impact, operationally focused role designed for a seasoned leader who thrives in stabilization environments and drives measurable results in occupancy, collections, compliance, and team performance.
This position reports directly to senior leadership and plays a critical role in improving asset performance, optimizing NOI, and strengthening on-site operations.
Occupancy Stabilization
- Develop and execute aggressive occupancy recovery strategies, including targeted outreach, marketing optimization, and leasing workflow improvements
- Analyze leasing and traffic data to identify bottlenecks and improve lead-to-lease conversion
- Oversee leasing activity, certifications, recertifications, and move-outs to minimize vacancy loss
- Enforce unit turn timelines and ensure move-in readiness
- Implement retention initiatives, resident engagement programs, and incentive strategies
- Ensure full compliance with Fair Housing and Affirmative Marketing requirements
- Maintain expertise in affordable housing programs, including LIHTC and Section 8
- Drive improvement in rent collections, delinquency reduction, and recovery of aged receivables
- Implement consistent collection procedures, including daily reporting and payment plan tracking
- Partner with site teams to strengthen resident communication regarding rent obligations
- Review collection and deposit data for accuracy and alignment
- Oversee AR/AP functions, move-out reconciliations, and security deposits
- Collaborate with leadership on budgets and variance analysis
- Track KPIs related to collections, delinquencies, and evictions
- Conduct in-house audits and ensure ongoing file readiness for investor and regulatory reviews
- Ensure timely and accurate submission of all required affordable housing reports
- Verify rent and income limits and proper set-aside tracking
- Attend court proceedings and manage eviction documentation as needed
- Oversee annual file purging in accordance with retention policies
- Support maintenance operations to ensure service standards are met
- Assist with vendor bidding, contract approvals, and compliance
- Promote cost controls and inventory management best practices
- Ensure adherence to preventive maintenance schedules and capital planning
- Monitor curb appeal and common areas to support occupancy goals
- Provide regular performance updates to senior leadership
- Lead, coach, and support site-level teams across assigned communities
- Conduct operational assessments and implement corrective action plans
- Prepare and present data-driven reports for ownership meetings
- Enforce office standards and regulatory postings
- Conduct performance evaluations and support employee development
- Participate in interviewing and staffing recommendations
- High school diploma or GED required (Bachelor’s degree preferred)
- 7 years of multi-site multifamily property management experience (250 units)
- 5 years of hands-on experience with LIHTC and/or Section 8 housing
- Demonstrated success stabilizing underperforming assets
- Strong leadership, communication, and problem-solving skills
- Proficiency with property management software (Boston Post or similar)
- Ability to analyze data and execute actionable stabilization plans
- ** Competitive Compensation Bonus
- High-visibility role with direct access to senior leadership
- Opportunity to lead complex turnaround initiatives and make a measurable impact
- Supportive, results-driven environment focused on asset performance and growth