Regional Property Manager

Overview

Manage fiscal and physical operations, staff, and performance for multiple Charlottesville properties.

Key Responsibilities

• budgeting
• inspections
• noi analysis
• market rates
• reporting
• compliance

Tasks

-Develop annual operating budgets for each property focusing NOI, asset protection, property enhancement and resident satisfaction. -Should be able to describe the overall makeup, i.e. strengths, weaknesses and needs of each property in their portfolio. -Perform monthly on-site inspections resulting in written report(s) and scheduling of correction of deficiencies. -Tactical execution and communication of company's strategic direction to on-site teams. -Responsible for evaluating staffing levels, work closely with HR to fill any open positions, and supervise teams on a daily basis. -Develop and implement plans to increase net operation income (NOI) based upon the analysis of weekly and monthly Property Performance Reports, monthly operating statements, knowledge of the market place and activities of the competition and other relevant factors. -Analyze competitive market conditions and recommend and implement competitive market rates while maintaining optimum occupancy levels. -Negotiate with Vendors and outside contractors for costs for products and services. -Negotiate settlements with residents as appropriate. -Review and approve all property purchasing with adherence to budget.(subject to variances pre-approved by the owner) -Assure that all properties are managed within appropriate federal, state and local laws and regulations. -Provide general assistance to property teams during emergency situations as appropriate. -Prepare monthly, quarterly and annual reports as required. -Assure that changes in strategies policies, procedures and programs are implemented. -Work with Community Managers and Service Managers to ensure timely preparation of rent ready apartments to fully meet the demand of the market. -Provide leadership and training to staff to assure Thalhimer processes, practices and programs are properly implemented and maintained. -Evaluate the overall condition of the property and develop plans for repairs, upgrades and improvements. -Review and approve expenses/invoices for properties. -Evaluate the overall performance of each staff member and develop plans to capitalize on strengths and to improve deficiencies. -Assure that all safety precautions are followed so as to minimize risk to the staff and residents. Cooperate in all aspects of the company's safety and health program. -Ultimately responsible for risk management, safety standards, and employee and resident liability. Must determine, implement, and follow up on any corrective action plans for deficiencies found at properties. -Promptly return all resident phone calls and ensure we are providing a high level of customer care. -Conduct basic audits to ensure that properties are in compliance with company policies. -Develop short and long-term marketing plans to achieve and sustain occupancy goals. -Identify and act upon areas in need of income/expense control improvement. -Work closely with other Portfolio Managers on Thalhimer related projects and initiatives. -Establish weekly work priorities based upon property visit observations and feedback from property teams and residents. -Serve on the Executive team developing new strategic and tactical plans, new programs and operating procedures to improve property performance.

Requirements

• real estate
• human resources
• business management
• training
• communications

What You Bring

-Continue to hone skills in real estate, human resources, business management, training and communications through formal classroom study and on-the-job training.

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About Cushman & Wakefield | Thalhimer

-Operates across Virginia with offices in Richmond, Newport News, Virginia Beach, Fredericksburg, Roanoke, Charlottesville and Lynchburg. -Delivers a full suite of services: corporate services, brokerage (tenant & landlord representation), investment sales, asset & project management, leasing of office, industrial and retail holdings. -Combines local market insight with global reach to support complex capital markets deals and strategic development projects.

Sector Specialisms