Regional Portfolio Manager – Multi-Family Properties
Tacoma, WA
Join an esteemed Real Estate Investor and Operator as a Regional Portfolio Manager and become an integral part of their dynamic team! With a robust portfolio exceeding several billion in value, they are looking for an experienced professional to ensure the optimal performance of our commercial and multi-family properties.
The ideal candidate will possess over five years of experience in multi-family real estate, strong financial acumen, and team management skills. In this role, you'll initially oversee 6-10 properties' operations, tenant experience, and financial performance, collaborating closely with the Director of Property Management.
With the firm's stellar industry reputation and diverse portfolio, you'll find ample opportunities for growth and advancement as the team is active and growing. Are you looking for an opportunity where you can be strategic, look ahead and implement plans for your portfolio? Then this could be the role for you!
Portfolio Manager Responsibilities:
- Develops the annual budget(s) for their assigned communities and oversees attainment of budgeted goals by analyzing and evaluating financial performance, reconciling monthly statements against approved budget.
- Ensures that individual communities meet the established operational, financial, and business performance goals by inspecting properties, reviewing financials, market, and operational reports, and developing and implementing appropriate action plans to achieve results.
- Provides leadership to the team of Property Managers by interviewing, hiring, and training team members.
- Oversees and responsible for appropriate and adequate staffing at each community and supervises the talent acquisition, development, and management of community team members.
- Promotes company satisfaction through timely reporting and ongoing communication about the performance of the properties.
- Reviews, analyzes, and interprets market data to identify emerging trends that may impact the performance of the portfolio, and works with the Asset Managers, Property Managers, and others to develop and implement market plans that drive occupancy and revenue growth.
- Ensures that the appearance and physical aspects of the properties meet the established standards through routine site and safety inspections.
- Coordinates work activities and services from vendors, consultants, and other contractors as needed by researching and identifying needs, negotiating contracts, monitoring progress, processing invoices, and ensuring open communication between consultants and project team members.
- Inspects the properties on a regular basis for safety hazards, property damage, and needed repairs by maintenance staff. Follows up on repairs to verify completion and compliance with property insurance companies, OSHA, government agencies, safety policies and risk management procedures.
- Adhere to the branding guide to maintain brand integrity across community and property management platforms.
- Collaborate with the Director to assess changes in the rental market through analysis of traffic and rental records.
- Supervise maintenance programs that encompass interior and exterior conditions and appearance of properties.
- Reviews and monitors the completion of all capital projects approved in the annual business plan.
Regional Portfolio Manager Qualifications:
- 5+ years’ experience in Multi-family Property Management.
- Minimum 4 years in a Supervisory Role.
- 5+ years managing multiple sites.
- Bachelors Degree in real estate, accounting, finance or related field preferred.
- Solid experience creating and managing a budget and producing monthly, quarterly and yearly variance reports.
- ARM, CPM, CAM designation preferred.
- WA Real Estate license desired.
- Working knowledge of Yardi software.
Company Benefits:
- Medical, Dental, Vision, and Life Insurance
- Generous PTO and paid holidays
- 401K and potential for bonuses/profit sharing
- Excellent opportunities for advancement, continued learning, and more!
Compensation: $130K - $150K + bonus