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The NRP Group

Integrated multifamily development, construction, management

Community Manager - LIHTC

Real Estate Property ManagementPosted on Nov 13
Full-timeDenton, TX, USAIn-person

About the Job

Requirements

  • A high school diploma or equivalent is required.
  • Five or more years of property management experience are required.
  • One year of supervisory experience is required.
  • Working knowledge of applicable landlord-tenant laws, Fair Housing regulations, the IRS Section 42 Low-Income Housing Tax Credit (LIHTC) Program, and other laws relating to property-specific guidelines and occupancy standards is required.
  • Strong computer skills, especially in the Microsoft Office Suite, are required.
  • Reliable transportation for essential job functions is required.

Responsibilities

  • Oversee the property's financial performance and work toward achieving budgeted net operating income (NOI).
  • Maximize property cash flow by maximizing revenue, minimizing delinquencies, ensuring timely rent collection, monitoring banking activities and daily deposits, and contacting residents to collect overdue rent.
  • Ensure Yardi data is accurate by monitoring input and reporting functions, leasing activity, accounts receivable cash receipts, accounts payable invoices, statements of disposition, monthly closing procedures, and late fees.
  • Develop cost-saving strategies to reduce budgeted expenses.
  • Create the annual operating budget and business plan with the accounting team and Regional Property Manager.
  • Review financial statements promptly and work closely with property accounting team members.
  • Prepare monthly variance reports.
  • Analyze income, expenses, traffic, lease expirations, market rents, delinquency financial statements, and make recommendations as needed.
  • Recommend and oversee capital improvements, deferred maintenance, and upgrade programs.
  • Review bid summaries for goods and services, monitor vendor work, and ensure accurate invoicing.
  • Ensure contracted services and materials are accounted for and that work has been properly completed before payment is released.
  • Process delinquent residents according to policy, collect late fees, and file on units by the applicable deadline.
  • Represent the property in court proceedings under legal counsel's direction and address property legal issues related to residency, storage, abandonment, bankruptcy, fair housing, and unlawful detainer or eviction actions.
  • Support the leasing team by leasing apartments, responding to telephone inquiries, qualifying applicants, showing apartments, and ensuring move-in paperwork is accurately prepared.
  • Monitor rental activity, on-site sales, marketing outreach, and advertising plans.
  • Maintain in-depth knowledge of the market, market rents, and demographics to support competitiveness.
  • Evaluate and recommend rental pricing.
  • Monitor daily move-in and move-out status reports and manage the monthly renewal process.
  • Verify weekly traffic sources, follow up on prospect status and closing-ratio numbers, and implement programs and team development plans to improve results.
  • Ensure residents are on the correct, current Blue Moon lease agreement with accurate terms and conditions.
  • Monitor compliance with Fair Housing regulations, tax compliance regulations, and other laws related to property-specific guidelines and occupancy standards.
  • Maintain passing e-shop, phone shop, and physical shop scores.
  • Inspect the property and market-ready units daily.
  • Monitor and direct service operations to ensure service requests are completed within 24 hours and curb-appeal standards are met.
  • Supervise safety and risk-management functions, including coordinating monthly safety meetings.
  • Review resident-retention programs to meet residents' needs and improve retention.
  • Provide customer service and maintain a courteous, professional attitude toward customers.
  • Maintain availability or coverage for emergencies, on-call duties, resident functions, and weekends.
  • Recruit and select team members in accordance with company selection policies, procedures, and core values.
  • Train, coach, and mentor team members in coordination with the training department, and provide ongoing feedback.
  • Build a team environment by holding weekly team meetings, establishing realistic goals, and fostering open communication.
  • Generate employee schedules in e-time and audit missed punches.
  • Recommend compensation adjustments, promotions, and terminations for team members.
  • Perform other duties as required.
  • Occasionally assist at other properties.
  • Run errands to support the property as necessary.

Desired Qualifications

  • A bachelor's degree or Certified Property Manager (CPM) credential is highly preferred.
  • Tax Credit Specialist (TCS) or Housing Credit Certified Professional (HCCP) designation is preferred.
  • Experience with Yardi is preferred.

About the Company

The NRP Group

Integrated multifamily development, construction, management

What The NRP Group does: It develops, builds, and manages multifamily housing in the United States, handling land acquisition, project development, construction, and ongoing property management for both affordable and market-rate housing. How its product works: The company runs an integrated process from land purchase to development, construction, and long-term management, generating revenue through development fees, construction contracts, and property management services. How it differs from competitors: It offers a fully integrated platform that covers every step from inception to operation, serving investors, municipalities, and residents with a single, cohesive approach aimed at delivering quality living spaces efficiently. What its goal is: To provide high-quality multifamily housing across the U.S. by coordinating development, construction, and property management in a unified model.

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