Director of Multifamily Management (Columbus, Ohio)
Drucker + Falk, LLC · Dublin, OH · 2 wk ago
On-siteManagementFull-time
Key Responsibilities
- Develop, implement, and oversee strategic management plans for assigned multifamily portfolios.
- Drive portfolio performance through optimization of occupancy, revenue growth, expense management, and resident retention.
- Establish and maintain economic occupancy and collection standards at the highest achievable levels.
- Maintain economic occupancy and collection standards at the highest achievable levels.
- Ensure teams maximize collected occupancy by minimizing delinquency, vacancy loss, concessions, and bad debt.
- Monitor and analyze key performance indicators (KPIs), market trends, and financial results to identify opportunities for improvement.
- Review operating statements, variance reports, and property performance metrics to ensure financial objectives are achieved.
- Design and implement systems and processes that maximize property cash flow and asset value.
- Lead long-range planning initiatives to position assets for refinancing, recapitalization, disposition, or acquisition opportunities.
- Partner with ownership groups to execute investment strategies and achieve asset objectives.
Leadership + Team Development
- Provide leadership, coaching, and accountability for Regional Managers and property management teams.
- Foster a culture of excellence, engagement, accountability, and continuous improvement.
- Oversee recruiting, onboarding, training, succession planning, and professional development initiatives within the portfolio.
- Establish clear performance expectations and hold teams accountable for achieving operational and financial goals.
- Promote collaboration and strong working relationships across operations, maintenance, marketing, accounting, and support departments.
- Recognize and reward high-performing team members while addressing performance concerns promptly and effectively.
Financial Management
- Participate in the development, review, and approval of annual operating and capital budgets.
- Monitor portfolio financial performance and implement corrective actions when necessary.
- Ensure effective expense management and cost-control practices while maintaining service and asset quality standards.
- Review and approve major expenditures and capital improvement projects.
- Maintain expertise in Fair Housing, landlord-tenant laws, risk management practices, and industry regulations.
- Oversee property audits, inspections, and compliance reviews.
- Evaluate property conditions regularly and develop action plans to address deficiencies and enhance value.
- Identify and mitigate operational, financial, and legal risks.
Property Operations + Capital Planning
- Partner with the Director of Maintenance to ensure all communities maintain superior physical conditions, curb appeal, and operational standards in line with DF best practices.
- Oversee the execution of preventive maintenance programs and capital improvement initiatives.
- Establish and monitor long-term capital replacement and asset preservation plans.
- Collaborate with maintenance leadership to ensure operational efficiencies and compliance with company standards.
Compliance + Risk Management
- Ensure compliance with all applicable federal, state, and local laws, regulations, and housing requirements.
- Maintain expertise in Fair Housing, landlord-tenant laws, risk management practices, and industry regulations.
- Oversee property audits, inspections, and compliance reviews.
- Identify and mitigate operational, financial, and legal risks.
Business Development + Strategic Growth
- Support company growth initiatives by participating in new business development opportunities.
- Conduct market analysis, due diligence reviews, and operational assessments for prospective management assignments and acquisitions.
- Affiliate with the preparation of management proposals, ownership presentations, and business development pitches.
- Represent Drucker + Falk professionally with clients, investors, industry organizations, and community stakeholders.
- Establish and maintain a regular cadence of client communication to review service satisfaction, gather feedback, address concerns, and confirm progress toward budget and operational KPI expectations.
- Contribute to strategic planning initiatives that support the continued growth and success of the company.