
Director Property Management
- Providence, RI
- $150,000-200,000 per year
- Permanent
- Full-time
- Provide leadership and support to on-site and corporate teams within the designated region. Mentor teams, encourage high performance and focus on residents.
- Hire, develop, and retain talented operational staff.
- Implement training programs to enhance professional development and property performance.
- Ensure compliance with fair housing laws and company procedures.
- Assist in the recruitment, hiring and effective management of property management professionals, as needed to meet staffing needs.
- Lead, develop and coach a team of property management professionals to successfully achieve business objectives.
- Develop, administer and deliver “best in class” property management services to all tenants and clients.
- Supervise daily operations to ensure properties meet goals for finances, occupancy, and resident satisfaction.
- Demonstrate excellent customer service skills when interacting with clients, owners, tenants and vendors to ensure efficient, consistent, and reliable services.
- Develop and implement company-wide policies and procedures and property-specific standard operating procedures to improve efficiency.
- Identify underperforming properties and strategize for improvement.
- Conduct property inspections to maintain appearance and physical condition.
- Ensure prompt resolution of resident issues to enhance satisfaction and retention.
- Oversee major capital improvements and monitor property maintenance issues, recommending necessary upgrades to maintain market position.
- Ensure adherence to company policies, procedures, and industry regulations.
- Assist with special projects like due diligence, property acquisitions, dispositions, and support other regions when needed.
- Ensure all provisions of any assigned, third-party contracts are met and administered in a timely manner.
- Collaborate with members of the Gilbane Investment team, in the development of a strategy for each assigned asset in the portfolio and ensure that annual plans for each property are consistent with the long-term strategy.
- Ensure lease document provisions are known and appropriately enforced.
- Regularly meet with and provide directions to assigned property management and engineering team(s) to ensure building operations are in accordance with Gilbane’s standards and procedures.
- Maintain emergency response plans and ensure policies are in place for assigned properties.
- Effectively communicate with professionals responsible for asset management, leasing, construction, and accounting and effectively solve problems.
- Oversee the creation and monitoring of annual property budgets and maintenance/capital improvement plans.
- Analyze financial statements and budget reports, taking corrective action as needed.
- Ensure adherence to rent collection procedures and maintain target occupancy levels.
- Contribute to project planning for new properties, including marketing and operating projections.
- Supervise procurement, negotiating favorable terms with vendors.
- Assist in the development and execution of all operational and financial objectives for the properties assigned.
- Responsible for annual budgets, monthly and quarterly reports, operational reports and other periodic reports as needed for assigned properties within prescribed timeframes
- Demonstrate strong knowledge of affordable housing programs, including LIHTC, NYCHA, RAD, HPD, and HUD Section 8, and their requirements.
- Ensure compliance with program regulations and maintain accurate resident documentation.
- Oversee preparations for rent increases, contract renewals, MOR reviews by regulatory agencies, and respond to findings.
- Analyze market data to identify trends and work with the Marketing Director to create effective marketing plans for properties.
- Manage lease agreements, address tenant complaints, and ensure high tenant satisfaction to promote retention.
- Understand student demographics and their needs.
- Demonstrate expertise in managing the high turnover rates typical in student housing, including facilitating efficient unit turnovers between academic years and overseeing move-in and move-out processes.
- Bachelor's Degree in Business, Real Estate, or a related or equivalent experience.
- Minimum of 10 years of property management experience in a leadership role (e.g., Senior Area Manager, Regional Manager, Regional Director).
- Minimum of 5 years of experience in a leadership role managing diverse properties, including affordable, market-rate, and student housing.
- 15+ years’ experience managing multiple property management teams or a large-scale regional/national portfolio of a minimum of 5,000 units.
- Strong leadership, communication, administrative organization and time management skills.
- Demonstrates analytical and budgeting skills and ability to read and analyze profit and loss reports effectively.
- In-depth knowledge of real estate, state and federal fair housing laws, regulations, and market trends.
- Proficiency in using property management software (Yardi, MRI and/or RealPage preferred).
- Excellent communication, interpersonal, and team management skills.
- Ability to travel within the Mid-Atlantic region as required.
- Strong financial acumen and experience preparing budgets and other types of related financial reports.
- Proven ability to motivate and effectively manage employees.
- Demonstrated leadership success in responding to and managing building emergencies.
- Certifications CPM, CAM, RMP, or CMCA preferred.