Asset Manager, Regional

Park Avenue Partners is a rapidly growing, well-funded owner/operator of manufactured housing communities nationwide. Our mission is to expand the supply of affordable housing for deserving lower-income Americans.

About the role

We are hiring a Regional Asset Manager to oversee a portion of our expanding portfolio of properties. This position will be based in the comfort of your own home; travel will likely be around one-third of your time. The Regional Manager is an integral member of our team, responsible for each property’s financial performance and operations. You will manage on-site Community Managers and will be able to hire your own team as we grow. A significant portion of your compensation will be determined by the KPIs and financial results you deliver.

About Us

Park Avenue Partners was founded by Jefferson Lilly, a family man and entrepreneur who has owned and operated mobile home parks since 2007. He strives to build a culture of work/life balance where team members are empowered and expected to solve problems and bring new ideas to the table for our future growth, while also having time for their families. With 31 employees, we are neither a ‘mom-n-pop’ operator nor a large bureaucratic operator. We are a great fit for the candidate who is an entrepreneurial self-starter and wants the freedom to run their own ‘business within a business.’

We have our company meeting every October on South Padre Island.

Responsibilities

• Source vendors to rehab 20 mobile homes in four states over the next 12 months. This is a critical KPI on which your bonus will be based.
• Improve utility recovery rates to 97% or better. We have capital for new meters, leak detection, and anything else you need. This is a second critical KPI on which your bonus will be based.
• Improve RV occupancy to 90% or better in one property. This is a third critical KPI on which your bonus will be based.
• Maintain our 97% collections rate. Improve it if you can.
• Manage properties to meet or exceed budget. You have responsibility for hiring, training, and terminating (as a last resort) your Community Managers.
• Own your monthly financial results. Solve the inevitable problems that crop up every month. Ask for help when you need it; we are here to support you.
• Conduct site visits (likely quarterly) to ensure your Community Managers are doing their jobs. Meet with tenants as needed.

Requirements

• 3+ years of relevant experience in the manufactured housing, RV, and/or apartment industry with a track record of promotions and achieving KPIs.
• Experience in the destination RV resort industry is a big plus. One of your properties is a ‘Winter Texan’ RV park that needs help. (The rest are regular MHPs.)
• Willingness to travel approximately one-third of the time.
• Excellent written and verbal communication skills, and the ability to work well in a team environment as well as independently.
• Proven self-starter with attention to detail.

Job Type

Full-time preferred. Will consider part-time if we find two excellent candidates both wanting part-time.

Pay

$75,000 base salary, with a $30,000 bonus potential. $105,000 on-target earnings (OTE).

Benefits

• 3 weeks/year paid vacation.