Regional MGR

JOB SUMMARY: Under the direction of the Vice President/Senior Regional Manager, the Regional Manager (RM) is responsible for all phases of operating the properties in their portfolio, including but not limited to the general administration and maintenance; to direct and supervise all personnel and resources to achieve the fiscal goals of the Company while maintaining the property in good physical condition.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following but are not limited to the job specifications contained herein. Additional duties or job functions that can be performed safely may be required as deemed necessary by Mission Rock Residential California.

• Implement, monitor & ensure adherence to property operating and renovation budgets for each community within management portfolio.
  • Analyze, create and re‐project appropriate operating and capital budgets for each property within portfolio.
  • Review, monitor and evaluate monthly operating statements for corrections prior to closing books for each community within your portfolio and prepare monthly variance and operating summaries.
  • Supervise, authorize, monitor, and administer contract services, repairs, and supplies, as well as approve expenses that exceed on‐site authority at each community within portfolio.
  • Acquire appropriate “over budget approvals” from asset manager when expenses exceed Regional Manager approval limits.

• Work with Regional Service Manager and Vice President to Coordinate, supervise and achieve on‐time and on‐budget delivery of capital expenditures for each community within portfolio.
  • Ensure proper contract, insurance and scope of work accompanies every capital project.
  • Implement, monitor, and evaluate project status and cost.
• Monitor and achieve acceptable levels of unit turnover, market and renewal rates, occupancy, delinquency, concessions, bad debt, expirations, and renewals for each community within management portfolio.
  • Review relevant rent roll reports on a regular basis, lease renewal reports, expiration management reports, monthly operating summary reports and financial statements to direct focus and priorities for the property managers.
    • Assess, maintain, and anticipate appropriate marketing tools to maximize qualified traffic at each community within portfolio while minimizing unit downtime.
    • Understand each community’s position within its submarket and implement ways to maximize its advantages and minimize its faults.