Regional Property Manager (Multi-Family Market Rate Conventional) - Gaithersburg Maryland

Company: Edgewood Management
Location: Gaithersburg, Maryland
Posted On: 05/09/2024

Residential Multi-Family Regional Property Manager
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.
This role is based in the Washington, DC / Baltimore, MD region and requires on-site presence at the managed portfolio's communities daily.
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.
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; Physically walks and inspects the interior and exterior of every community within his/her portfolio on a weekly basis. 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
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. -
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.
Fair but firm attitude toward employee and resident relations.
Works well with minimal supervision and direction
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.
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; Computer literacy/word processing skills, property management, Email and software skills -required.

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 Short-Term and -Long-term Disability
Financial Planning
Retirement Savings Plan with company matching
Edgewood Management Corporation is committed to a diverse workforce and is an Equal Opportunity Employer. More...

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