Regional Property Manager

Job Details

Job Location
TN Alco Management Inc - Memphis, TN

Position Type
Full Time

Education Level
None

Salary Range
$88000.00 - $132000.00 Salary

Description

Summary of Position

The Regional Property Manager (RPM) is responsible for overseeing the operations of multiple affordable apartment communities within their assigned portfolio. Reporting to the Vice President of Property Management, the RPM provides leadership, guidance, and accountability to community managers and site staff, ensuring operational excellence and alignment with ALCO's mission of providing quality affordable homes and quality jobs for the long term.

This role requires deep knowledge of affordable housing programs, understanding of compliance requirements, financial and operational acumen, and strong and effective communication skills with a proven ability to build, motivate, and retain high-performing teams dedicated to resident success and long-term community sustainability.

Essential Functions

Team Leadership & Talent Development

• Recruit, hire, and retain qualified staff, emphasizing a collaborative, growth-oriented culture.

• Mentor and support community teams, using motivation, clear communication, and understanding to cultivate alignment with ALCO systems, policies, and values.

• Foster a positive, collaborative, and accountable team culture that supports ALCO's mission of quality, affordable homes and jobs.

• Lead regular and inclusive portfolio meetings to increase knowledge, connection, and cultural alignment among team members.

Operational & Financial Management

• Working alongside community teams, lead cost-effective operations at each community to uphold ALCO's goal of providing long term value and success.

• Support Community Managers in creating the annual budget for property operations and ownership approval, involving all staff in the process.

• Monitor financial performance through monthly variance reports, guiding managers to achieve or exceed targets while ensuring affordability goals, and providing this information to the leadership team.

• In partnership with the Marketing Team and community teams, establish

innovative and effective marketing strategies to maintain high occupancy and optimize rental rates within affordability guidelines.

Maintenance & Asset Management

• In collaboration with site staff, ensure all homes provided are high quality and maintained in a manner consistent with long term viability.

• Conduct regular community inspections, including monthly inspection reports and bi-annual safety inspections, which involve inspecting vacant and make-ready units and walking throughout the property, to verify quality and compliance with relevant programs.

• Supervise implementation of preventive maintenance programs in accordance with ALCO standards.

• In partnership with Asset Management, oversee service contracts, vendor negotiations, insurance claims, and capital project execution.

Compliance & Reporting

• Ensure communities remain in good standing with federal, state, and local affordable housing regulations.

• Oversee the preparation for regular agency inspections and verify that standards monitored in these inspections are met continuously.

• Develop proficiency with ALCO tools and systems that are critical to the consistent and compliant operations of the properties.

Community Engagement

• Support and encourage the development of relationships with community organizations, local officials, and police departments to increase the quality of community provided.

• Foster a respectful, supportive and caring environment for employees and residents at ALCO communities

Other Duties

• Represent ALCO at affordable housing, property management, and professional organizations.

• Perform additional responsibilities as assigned to support company and portfolio goals.

Qualifications

Work Environment

• Reporting Structure: Reports directly to the Vice President of Property Management and works closely with the COO, Owner, and the entire Leadership Team.

• Travel: Requires 25-50% travel by plane and/or car, including overnight stays, depending on portfolio location, which is subject to change based on business needs.

• Location: If located within 40 miles of Memphis, will work from ALCO's Central Office in downtown Memphis; if located outside of that range, will work from home office when not on site.

Knowledge & Skill Requirements

Experience

• Prior experience as a Regional Property Manager or a Property Manager overseeing large affordable housing communities strongly preferred.

• Demonstrated track record of operational, financial, compliance, and team leadership success.

Skills & Abilities

• Strong leadership, problem-solving, and decision-making capabilities.

• Excellent written and verbal communication skills.

• Proficiency in standard office software and hardware, as well as property management technology

• Able to learn new applications and technologies quickly.

Other Requirements

• Must meet underwriting standards for fidelity bond insurance.

• Valid driver's license and insurability under company policies.

• Willingness to use personal vehicle for business purposes.

• Availability for after-hours emergencies.

• CPM designation required within one year of start.

• Must not be on the U.S. Department of Housing & Urban Development Denied Participation lis

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