What are the responsibilities and job description for the Property Manager position at LV Property Management?
We know that a "one-size-fits-all" approach doesn't work when it comes to residential living. That's why, at LV Property Management, LLC, our portfolio features a wide range of options. Our properties may be diverse, but one thing is uniform: every community provides the unparalleled quality, service, and support our residents deserve.
LV Property Management has an immediate need for a Property Manager for one of our unique properties in Rockford, Illinois.
LV Property Management has an immediate need for a Property Manager for one of our unique properties in Rockford, Illinois.
If you're ready to be a part of our team, we encourage you to apply.
Salary Range: $58,000 to $68,000 PLUS BONUS OPPORTUNITY
Major Tasks Key Responsibilities:
1. Resident Relations:
- Establish and maintain positive relationships with residents, addressing their concerns, inquiries, and requests promptly and professionally.
- Implement strategies to ensure resident retention and satisfaction, such as organizing events, fostering a sense of community, and addressing tenant needs.
2. Rent Collection and Financial Management
- Manage day-to day operations focusing on occupancy, collections, and budgets.
- Assist residents in understanding their rental obligations and offer support for financial management.
- Monitor and manage the property's budget, ensuring expenses are within approved limits.
- Collaborate with accounting and finance departments to ensure accurate recordkeeping and financial reporting.
3. Maintenance and Repairs
- Coordinate and oversee maintenance and repairs, ensuring timely and cost-effective resolution of issues.
- Conduct regular inspections of the property to identify maintenance needs and address them promptly.
- Collaborate with maintenance team, contractors, and vendors to obtain competitive bids and select reliable service providers.
- Maintain comprehensive records of maintenance activities, expenses, and warranties.
4. Regulatory Compliance
- Ensure compliance with all applicable local, state, and federal housing regulations, including fair housing laws and low-income housing guidelines.
- Stay updated on regulatory changes and ensure the property's policies and procedures align with the requirements.
- Assist with the preparation and submission of required reports, documentation, and certifications.
5. Leadership and Management
- Coach, lead and motivate the performance of on-site team.
- Oversee the lease application process, including screening prospective tenants, conducting background checks, and verifying income eligibility,
Qualifications
- Bachelor's degree in Property Management, Business, Real Estate or equivalent
- Minimum 2-5 years of experience in Property Management, specifically in Section 8 and LIHTC
- Familiarity with local, state, and federal regulations related to low-income housing, fair housing laws, and tenant rights is essential.
- Strong interpersonal and communication skills are necessary to effectively interact with tenants, staff, and external stakeholders.
- The ability to manage multiple tasks, prioritize responsibilities, and meet deadlines is crucial in a fast-paced environment.
- Aptitude for identifying and resolving issues related to tenant concerns, property maintenance, and regulatory compliance.
- Basic knowledge of budgeting, financial reporting, and rent collection procedures.
- Competence is using property management software (preferably Yardi or Entrata), spreadsheets, and other relevant tools for documentation and reporting.
Salary : $58,000 - $68,000