Regional Property Manager

Beztak, a national Real Estate Development, Construction, and Property Management company, is seeking a Regional Manager to join our third-party operations team in Memphis, TN. This role directs and oversees the overall operation of apartment communities within the region, ensuring financial stability and continued real estate development.

Responsibilities

• Inspect each property on a weekly basis.
• Ensure vacants are prepared for occupancy within seven days to company standards.
• Maintain the exterior curb appeal of the property to the highest standards of repair and cleanliness.
• Develop, implement, and achieve the annual property budget.
• Be directly involved with the bidding and acceptance of all service contracts.
• Establish written goals for the property in every area of operation.
• Prioritize the Property Manager's workload.
• Ensure on-site staff perform at or above acceptable levels.
• Maintain control of expenditures and ensure the best products/services are purchased at the best prices.
• Ensure vendors are paid in a timely manner—do not allow bills to carry over to a new year.
• Study and analyze weekly reports to set goals, adjust pricing, and position the property competitively.
• Maintain current knowledge of each property's competition, including monthly market studies, and shop one competitor per week.
• Monitor individual property websites and reputation media sites (e.g., Yelp, Apartment Ratings, Facebook).
• Adjust and raise rents when possible.
• Maintain the highest possible occupancy by developing and adjusting marketing plans.
• Review and research the Profit and Loss Statement monthly; prepare a written Owner’s Report and discuss results with the President of the Management Company.
• Immediately notify leadership of emergency or crisis situations.
• Inform the Vice President of all legal matters regarding the property.
• Set a good example for all on-site personnel.
• Interview, hire, and train Property Managers.
• Assist the Property Manager in recruiting, hiring, training, motivating, evaluating, and terminating on-site personnel.
• Approve all on-site compensation within budget and company guidelines.
• Review standard and procedure updates with the Property Manager and staff to ensure company systems are followed.
• Analyze unit availability, study notices received, condition of vacants, status of service requests, traffic sources, and leasing personnel performance.
• Obtain estimates and prepare specifications for major capital expenditures.
• Monitor advertising, rates, deposits, and specials of competitors and adjust as needed with final approval by leadership.
• Operate a company or personal vehicle for work-related purposes.
• Work in a high-pressure environment, handling difficult customers/vendors, urgent matters, and conflicts with effective interpersonal skills.

Requirements

• Bachelor’s degree strongly preferred.
• Experience as a Multifamily Regional Manager or 5 years in a related role.
• Experience overseeing a minimum of 1,200 units across multiple properties.
• Able to travel as needed.
• Real Estate License preferred; may be required to obtain within the first 90 days.
• Experience writing budgets and forecasts.
• Yardi experience desired.

Personal Qualities

• Excellent leadership skills.
• Strong attention to detail.
• Able to remain calm under pressure.

Benefits

• 401(k) with an employer match for every dollar contributed, up to 6% of eligible compensation.
• Generous Paid Time Off in addition to paid company holidays and a “Float” Holiday.
• Life Insurance provided at no cost to the employee.
• Five medical plan options, several including a Health Savings Account with an employer contribution.
• Employee Assistance Program—free, confidential services for counseling, pet care, financial services, vacation planning, and more.
• Employee Referral Program.
• Tuition Reimbursement Program.

Physical Demands

The position requires prolonged periods of sitting at a desk and working on a computer. You will also frequently walk, stand, and communicate with co-workers, guests, residents, and the public. Periodic confinement to a vehicle is required.

Work Environment

This position typically operates indoors in an air-conditioned office with a mixture of natural, incandescent, and fluorescent lighting.

Reasonable accommodation may be made to enable qualified individuals with disabilities to perform the essential functions of the position.