Regional Property Manager

COMPENSATION

Salary: $90-115k/year DOE (Eligible for Quarterly Bonuses)

This is a full-time, on-site position based in Phoenix, AZ, for a Regional Property Manager at Cornerstone Residential. The Regional Property Manager will oversee the operations and profitability of residential properties within the assigned region. Day-to-day responsibilities include managing property budgets, ensuring compliance with company policies and regulations, mentoring onsite management teams, improving resident satisfaction, and implementing strategies to enhance property performance and revenue.

The role will also involve ongoing communication with property owners, performance reporting, and ensuring the overall management needs of the properties are met.

This role is ideal for a results-driven regional leader who has successfully taken new construction and repositioned assets from pre-lease through stabilization, built high-performing onsite teams, and executed aggressive leasing and marketing strategies in competitive submarkets.

1. Manage property operations

• Ensure compliance with all Equal Housing Opportunity/Affirmative Fair Housing laws.
• Ensure proper LIHTC and/or Section 8 policies and procedures are followed.
• Monitor LIHTC Application and Annual Recertification processes.
• Inspect Property on a regular basis and verify condition of vacant units on both scheduled and unscheduled intervals.
• Manage daily property requirements and maintain long-range capital improvements planning.
• Ensure all monies received are deposited and recorded on a regular basis and confirm proper bookkeeping procedures are followed.
• Review weekly/monthly property status and financial reports.
• Promptly respond to resident concerns, comments, and/or complaints.
• Create a sense of team among properties while maintaining the policy of non-fraternization.
• Review and refer any liability claims, legal complaints, or other violations to the legal department and/or corporate office.
• Cultivates and retains relationships with owners, partners and executives for assigned portfolio.

2. Oversee property maintenance with the assistance of the maintenance team.

• Review reports for repairs and maintenance and evaluate timely completion of work orders.
• Oversee compliance with required permits for operating the property, such as, poll, elevator, etc.
• Monitor electric, water, and gas usage on the property.
• Ensure make ready turn times being met in compliance with company policy.

3. Maintain and manage all financial responsibilities.

• Review and approve yearly operating budgets/forecasts and sales/marketing plans. Oversees compliance with budget goals.
• Control cost by reviewing expenses on an on-going basis.
• Review and approve capital invoices for payment in a timely manner.
• Review variance reports and other weekly reports.
• Assist and review reclass and accrual needs with site and accounting team.

4. Manage property personnel.

• Create, mentor, and manage a cohesive property management teams in accordance with policies.
• Coordinate orientation and ongoing training programs for property managers.
• Review and approve performance reviews for staff and make recommendations for salary increases and/or advancement.
• Manage time off for property managers and submit payroll for processing.
• Ensure staff completes new hire safety orientation, as well as annual safety training.
• Follow company procedures and report any Workers Compensation issues and/or employee incidents immediately to the Workers Compensation carrier, to management, and to Human Resources.
• Develop employee performance goals and plans. Work with Human Resources on any employee concerns and terminations.

5. Manage, create, and monitor marketing activities.

• Understand the market and any other aspects of the sub-market that could impact occupancy and/or income of the property.
• Review and provide input on the creation of marketing surveys and approve marketing strategies to secure prospective residents.
• Consistently reviews, evaluates and interprets market conditions and recommends adjusted rental and renewal pricing strategies as needed to drive occupancy and revenue growth.
• Ensures that web sites and…