Regional Property Manager - South LA

JOB SUMMARY

The REGIONAL PROPERTY MANAGER embraces SoLa’s mission and is passionate about promoting SoLa’s short and long-term goals. The Regional Property Manager is responsible for the oversight of the day-to-day operations of their assigned Region of properties, as well as guiding and developing their Property Managers. The Regional Property Manager is also heavily involved in all aspects of the financial, operational and administrative management of their Region. Through exceptional management, they drive SoLa’s mission to provide high-quality communities to our residents, as well as strong financial returns to our investors.

SALARY: $110K-$115K PER YEAR

SCHEDULE: M-F IN-OFFICE

LOCATION: LOS ANGELES, 90001

ABOUT THE COMPANY

SoLa Impact is an award-winning social impact, development, and investment company focused exclusively on creating high-quality affordable housing in low-income, Black and brown communities. Over the last several years, we have raised almost $500 million in equity --- allowing us to deploy well over $1.5 billion – toward addressing the housing crisis in Los Angeles and throughout Southern California. Founded with the belief that smart investment can drive socioeconomic change, SoLa Impact focuses on creating sustainable, dignified living environments that empower residents and uplift neighborhoods. Only five years after starting its first ground-up project, SoLa Impact was recognized as the 16th largest developer in the nation, and the largest developer based in California by the National Multifamily Housing Council .

As part of SoLa Impact's broader mission to create social and economic opportunities, our innovative co-working and entrepreneurship hub The Beehive serves as a catalyst for change, empowering local entrepreneurs to build sustainable businesses and contribute to the revitalization of their neighborhoods. At SoLa Impact, we believe that socioeconomic advancement is a right, not a privilege, and we are committed to making this vision a reality. Join us and be part of a high-achieving team that not only focuses on building affordable housing, but creating opportunities and hope for a better future.

Requirements

ESSENTIAL DUTIES

• Regularly required to visit properties, home-office, and other related sites.
• Oversee and support operations for 389 units across 42 properties located in the 90001, 90002, and 90003 ZIP codes.
• Prepares and recommends the annual operating budget and adheres to it throughout the fiscal year.
• Responsible for familiarizing themselves and their team of their respective property’s top competitor groups in the area via comps, market research firms, shopping, etc..
• Responsible for monthly reporting and financial performance of their properties, including but not limited to Variance Reporting and analysis, accruals, expense reclass, monthly posting, and other functions.
• Serves as the main contact person between their properties and SoLa’s Corporate offices, efficiently disseminates top-down directives and deploys actionable items timely.
• Maintains and annually reviews the existing preventive maintenance schedule for all equipment and building systems at each respective property, develops ongoing Capital Improvement Sheets for newly acquired or developed assets.
• Ensures that their Property Managers are properly overseeing activities of their respective properties such as unit turns, rental collections, maintenance, move-ins/-outs, leasing activity and velocity (or via Leasing and Collections Teams).
• Annually review all service contracts to make sure SLAs are met and to remain competitive with market pricing and deliverables from vendor partners.
• Supervise all relevant on-site staff, including administrative support employee(s) and engineers, provide continuous feedback and constructive support.
• Supervise other staff members as assigned.
• Conduct routine, monthly Regional Property Manager Inspections to inspect physical and virtual assets to ensure SoLa standards are being met, SoLa residents are consistently engaged, and RPM Inspection results are accessible and actionable.
• Work with direct reports as well as upper management to improve and update SOP guidance and training.
• Five years of progressive experience overseeing affordable and market-rate communities as a Regional Property Manager.
• Bottom-line responsible for all properties in their respective Region.
• Complete all other duties assigned.

EDUCATION & EXPERIENCE

• Bachelor’s Degree preferred or a mix of education and direct business-related experience
• 5+ years’ experience managing residential properties. Small asset (non-institutional), Section 8, LIHTC, Affordable or HUD housing experience a plus
• Experience with budget preparation, accruals, lease administration, accounting and financial reporting, tax assessments, construction and TIs, preventative and emergency procedures and strong customer relationship building
• ARM, CAM or CPM designation is a plus
• Proficiency with Microsoft Office suite including Outlook, Word, and Excel, or Google Suite of products
• Proficiency with Yardi or similar software
• Proficiency with other ancillary PMS systems (revenue management, website building, lead management, etc.) and ILS partner systems
• Strong analytical skills – utilized frequently in cost analyses, and assessment of new policies, procedures or tools, as well as in critically evaluating existing policies and procedures for continuous improvement
• Able to maintain oversight over other assets and lead team members to perform at a high level, and fulfill company and property objectives

SKILLS & ABILITIES

• Strong interpersonal, verbal, and written communication skills; excellent follow through
• Must be able to handle constant change in a fast-paced environment and be able to deal with multiple people and various situations simultaneously
• Ability to work independently, and self-motivate
• Ability to collaborate with others and utilize knowledge and resources to identify quality solutions
• Well-developed time management skills with the ability to manage multiple priorities
• Highly organized, resourceful, proactive, adaptive, creative, detail-oriented, and critical thinking skills required; willingness and ability to learn quickly and on-the-fly
• Ability to exercise discretion and independent judgment, develop understanding of their direct reports’ skill sets and utilize them to achieve objectives
• Ability to present information in a concise and easily understood manner
• Develop action plans, and execute them with little direction or oversight
• Passionate about our mission

Benefits

SoLa Impact offers a comprehensive benefits package that includes paid vacation, medical, dental, vision, and life insurance, as well as pet insurance, sick leave, 10 paid holidays, and bereavement days. This package is designed to provide employees with a range of important benefits that help to support their physical and emotional well-being, while also providing financial protection and peace of mind.

At SoLa Impact, we believe work environment, culture, and the opportunity to learn and grow are key elements when considering a new job. We are just the right size to provide the resources and support you need without the bureaucracy of a large corporate environment. We foster a family-friendly and supportive workplace, collaborative and employee-focused with an emphasis on quality, integrity, trust, and accountability. We are looking to bring someone on board as soon as possible. We provide a rewarding and challenging environment. We expect a lot, but give a lot in return. Strongly prefer candidates local to Los Angeles as no relocation assistance will be provided. All qualified candidates will be contacted directly.

SoLa Impact is an Equal Opportunity Employer. SoLa does not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need.

Disclaimer:

SoLa Impact conducts thorough background checks, including education and employment verification, following an offer letter extension. We are committed to upholding the highest standards of integrity throughout our hiring process. Candidates are advised to ensure all information provided in their resume and application is true and accurate. Any discrepancies may affect your eligibility for employment.