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Regional Property Manager (Market Rate/Luxury Portfolio)

JOB DESCRIPTION

SALARY: $95K - $105K PLUS BONUS STRUCTURE AND FULL BENEFITS PACKAGE

Kittle Property Group is growing!  This is a wonderful opportunity to join a great team within our Market Rate Portfolio in the state of Florida! 

The Regional Property Manager is responsible and accountable for leading and managing multi-site apartment property personnel and regional portfolio performance to achieve objectives at brand new developments and lease-up properties.

*Lease-up experience is required. 

EXPECTATION FOR ALL EMPLOYEES

Supports the organization's mission and values by exhibiting the following behaviors: excellence and competence, collaboration, innovation, respect personalization, commitment to our community, and accountability and ownership.

POSITION SUMMARY:

Responsible and accountable for leading and managing multi-site apartment property personnel and regional portfolio performance to achieve objectives.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

  • Direct property operations to achieve strategic and budget objectives. Optimize CNOI and NOI.
  • Lead, direct and manage property personnel with recruiting, hiring, training and performance management.
  • Ensures accuracy of reporting through property management software.
  • Ensures adherence with company policies and procedures and ensures compliance with federal, state and local laws.
  • Complete property financial analysis of operating results and report results to Senior Management monthly.
  • Create annual budgets for assigned region.
  • Conduct a minimum of two site visits for each property each month.
  • Collaborate with Human Resources, Development, Construction and Accounting as needed.
  • Work directly with construction and on-site personnel to insure a smooth transition from construction to management for lease up of new or rehab properties.
  • Work with other departments to ensure smooth transitions for third party management acquisitions.
  • Develop and execute marketing plans for all properties.
  • Manage and or approve all property expenditures and invoices and ensures adherence to company expenditure policy.
  • Monitor adherence to the accounts receivable policy monthly.
  • Direct and supervise Team Leaders to maximize portfolio performance.
  • Provide relief management to on-site offices as needed.
  • Other duties as assigned.

QUALIFICATIONS/SKILLS & KNOWLEDGE REQUIREMENTS

  • 4 Year college degree required.
  • 7-10 years of multi-family/multi-site experience.
  • Market Rate Apartment Experience Required.
  • CPM is recommended.
  • Language Skills – Ability to read, write, interpret and analyze business publications, technical procedures and government regulations. Ability to write and interpret reports, correspondence and manuals. Ability to effectively present to groups of people including employees, vendors and the general public.
  • Math Skills – Ability to calculate discounts, interest, bonuses, proration, percentages, and to apply concepts of algebra and geometry.
  • Reasoning Skills – Ability to solve problems and work with a variety of concrete variables in situations where only general guidelines exist. Ability to interpret instructions in written, oral, diagram or schedule form.
  • Computer Skills – Intermediate experience with MS Office.
  • Experience working with property management software (i.e., Yardi).

TRAINING REQUIREMENTS:

  • Annually attend fair housing, section 42, blended occupancy classes and leasing classes.
  • Ongoing professional development.

 

PHYSICAL DEMANDS:

  • Rarely must stand, walk, reach with hands/arms, stoop, kneel, crouch, crawl, bend or lift up to 25 pounds.
  • Occasionally must sit, use hands to finger/handle/feel, talk and hear.
  • Close and distance vision is required.

 

WORK ENVIRONMENT:

  • Normally works in an environment with moderate noise.
  • Rarely must be exposed to humid conditions, work near moving mechanical parts, work in high/precarious places, be exposed to outdoor weather conditions and risk of electrical shock.
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CEO of Kittle Property Group
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Jeffrey L. Kittle
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Average salary estimate

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$95000K
$105000K

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What You Should Know About Regional Property Manager (Market Rate/Luxury Portfolio), Kittle Property Group

Join Kittle Property Group as a Regional Property Manager for our Market Rate Portfolio in Florida, where we're excited to expand our team! In this pivotal role, you’ll lead and manage multi-site apartment properties, enhancing regional portfolio performance while striving for excellence in all facets of property management. Your experience in lease-up properties is a must, as you'll be directly responsible for a smooth transition from construction to management for our brand new developments. Your expertise will guide you in developing annual budgets, optimizing CNOI and NOI, and ensuring property operations align with strategic objectives. Collaboration is key, as you'll be working closely with departmental teams, conducting financial analysis, and executing winning marketing plans for the properties under your purview. We’re looking for someone who possesses a strong commitment to community and accountability, and someone who is ready to roll up their sleeves to help lead our dynamic team to success. If you’re ready to make a positive impact and grow your career with us, we’ll provide a competitive salary between $95K - $105K, alongside a bonus structure and an excellent benefits package. Step into a role that values respect, innovation, and collaboration with Kittle Property Group today!

Frequently Asked Questions (FAQs) for Regional Property Manager (Market Rate/Luxury Portfolio) Role at Kittle Property Group
What are the responsibilities of a Regional Property Manager at Kittle Property Group?

As a Regional Property Manager at Kittle Property Group, your primary responsibilities will involve leading multi-site apartment property personnel, managing portfolio performance, and ensuring compliance with company policies and regulations. This also includes conducting site visits, financial analysis, and creating annual budgets to maximize the profitability of the properties.

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What qualifications are needed to apply for a Regional Property Manager position at Kittle Property Group?

To apply for the Regional Property Manager position at Kittle Property Group, you'll need a four-year college degree and between 7-10 years of multi-family or multi-site experience. Experience with Market Rate apartments and property management software like Yardi is crucial, while a CPM certification is recommended.

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How does Kittle Property Group support professional development for Regional Property Managers?

Kittle Property Group supports the professional development of Regional Property Managers through annual training that includes fair housing, blended occupancy classes, and ongoing professional development opportunities. This helps you stay current in the industry and enhances your skills.

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What is the expected salary for a Regional Property Manager at Kittle Property Group?

The expected salary for a Regional Property Manager at Kittle Property Group ranges from $95K to $105K. Additionally, this role includes a bonus structure and a comprehensive benefits package, making it a competitive offer in the market.

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What kind of experience is required for the Regional Property Manager role at Kittle Property Group?

Candidates applying for the Regional Property Manager role at Kittle Property Group should possess 7-10 years of experience in multi-family or multi-site property management, and specific experience in lease-up properties is critical.

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What skills are essential for a Regional Property Manager at Kittle Property Group?

Essential skills for a Regional Property Manager at Kittle Property Group include strong leadership qualities, proficiency in financial analysis, excellent communication abilities, and proficiency with property management software. Additionally, problem-solving skills and mathematical aptitude are important for daily decision-making.

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Can you describe the work environment for a Regional Property Manager at Kittle Property Group?

The work environment for a Regional Property Manager at Kittle Property Group offers moderate noise levels and mostly standard office conditions. Some outdoor work may be necessary, especially during site visits to various properties, ensuring a balance between office and field work.

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Common Interview Questions for Regional Property Manager (Market Rate/Luxury Portfolio)
What strategies would you use to manage multi-site properties effectively as a Regional Property Manager?

To manage multi-site properties effectively, I would implement consistent policies across all locations, utilize property management software for real-time data access, and conduct regular training for site staff to ensure alignment with overall company goals. Additionally, I would prioritize open communication with each site team to promptly address challenges.

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How would you approach financial analysis for your assigned region as a Regional Property Manager?

In approaching financial analysis, I would collect operational data from each property, assess performance against budget objectives, and identify areas for improvement. Regular reporting to senior management would be crucial to keep stakeholders informed and to make data-driven decisions that enhance overall portfolio performance.

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What experience do you have with lease-up properties, and how does that inform your management style?

In my previous roles, I have successfully overseen the lease-up of several new developments. I focus on strategic marketing, occupant engagement, and seamless transition processes from construction to occupancy while fostering teamwork among site staff to ensure a successful lease-up period.

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Can you describe a time you improved property performance in your role as a Regional Property Manager?

At my last position, I identified a dip in occupancy rates at two properties. After conducting market research and tenant surveys, I redesigned marketing strategies, emphasizing community events and partnerships. This not only brought occupancy rates back up but also enhanced tenant satisfaction substantially.

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What techniques would you use to optimize the CNOI and NOI of a property?

To optimize CNOI and NOI, I would start by evaluating all income sources and identifying potential increases. This could include implementing new revenue streams such as additional tenant services while systematically reducing unnecessary expenditures through diligent budget tracking and operational efficiency improvements.

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How would you ensure compliance with local and federal regulations as a Regional Property Manager?

I ensure compliance with local and federal regulations by staying updated on relevant laws and regulations, regularly attending training classes, and implementing enforceable policies at all properties. I also conduct regular audits and training sessions with staff to promote awareness and adherence to these standards.

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What role does teamwork play in your management approach as a Regional Property Manager?

Teamwork is essential in my management approach as it fosters a positive work environment and drives performance. I encourage open communication and collaboration among teams, providing support and resources to empower staff at all levels, ultimately contributing to our shared goals.

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What is your process for developing annual budgets for multiple properties?

My process for developing annual budgets involves gathering historical financial data, assessing current market conditions, and considering operational needs for each property. Collaborating with site teams for their input and forecasting trends enables me to create realistic and achievable budgets that align with company objectives.

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How do you handle conflict resolution among property personnel?

I approach conflict resolution by first ensuring I understand the perspectives of all parties involved. I facilitate open discussions aimed at finding common ground and proposed solutions, emphasizing communication and collaboration, promoting a team-oriented environment despite differences.

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What marketing strategies do you utilize to attract tenants to your properties?

I utilize a mix of traditional and digital marketing strategies to attract tenants. This includes optimizing online listings, leveraging social media, hosting community events, and implementing referral incentives. Understanding the local market helps tailor our marketing messages to specific demographics, enhancing effectiveness.

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We create value through real estate.

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Full-time, on-site
DATE POSTED
November 28, 2024

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