Portfolio Manager- Oregon

Job Details

Job Location

Bellevue, WA

Position Type

Full Time

Salary Range

$100,000.00 - $130,000.00 Salary

Description

Are you looking for a rewarding career in Property Management? DevCo Residential Property Management is seeking a Full-Time Portfolio Manager to join our dynamic team in Oregon!

About The Company

DevCo Residential is a privately held and owner-operated professional property management company that specializes in managing multifamily and mixed-use properties throughout the West Coast to Midwest. Our mission is to be a great company that provides outstanding housing, emphasizing common sense in investment property management. We achieve performance standards that balance short-term return on investment with long-term housing preservation and value, nurturing a reputation of excellence in our communities, operations, and within ourselves. We promote healthy communication, productive teamwork, integrity, and professionalism, fostering an innovative work environment where inclusivity is paramount. Join us as we empower our employees to lead with kindness and compassion to provide exceptional housing. We offer competitive pay, robust benefits, professional training and development, growth opportunities, and a positive work culture. If you're seeking a positive career change, please consider joining DevCo Residential!

Pay Details:$100K-$130k/Salary

Schedule: Monday-Friday, 8am-5pm

Benefits Offered

• 100% company paid medical benefits for employee coverage.
• 100% company paid dental and vision benefits for employee coverage.
• Healthcare and dependent care flexible spending accounts.
• Company paid life insurance, AD&D and long-term disability benefits for employee coverage.
• Best-in-class voluntary insurance benefits.
• Pre-tax and Roth 401(k) programs with a company match equal to 100% of the first 4% contributed by the employee.
• Discretionary bonus programs.
• Eligibility for a 20% housing discount consideration.
• Employee assistance program (EAP) with 24/7 counseling services.
• Company-sponsored backup childcare.
• Employee discount program through LifeMart.
• Company-sponsored industry training and certifications.
• Paid time off (PTO) equal to 15 days in the first year.
• Up to 12 paid holidays each year.
  
  

About The Position

The Portfolio Manager is responsible for the business plan execution of the assigned portfolio of properties. This position has direct accountability over the assigned assets and onsite staff to effectively control expenses, maximize revenue, and ensure the successful execution of company policies and procedures.

Job Responsibilities

• Responsible for implementing and managing individual site business plans including investment objectives, compliance goals, marketing positioning, people, asset quality, and financial goals and objectives.
• Thoroughly review property financial statements, and complete monthly performance analysis and/or budget variance report by the deadline.
• Review and approve property invoices and expenses in relation to budget and operational needs.
• Review and approve timecards, overtime expenses, and staffing allocations. Work effectively with Payroll to resolve errors or concerns.
• Review, approve, and submit bonus worksheets to Payroll by the deadline in accordance with company bonus programs.
• Monitor and analyze property utility expenses. Coordinate with the third-party utility billing vendor to make appropriate billing adjustments, conduct audits, and manage meter repairs.
• Conduct frequent site visits and physical property inspections. Determine, implement, and follow up on any corrective action plans for deficiencies found at properties.
• Provide strategy and direction of all resident retention, renewal, and leasing programs to maintain maximum occupancy and minimize turnover.
• Engage employees through regular performance feedback, training, and coaching. Take timely action of misconduct and terminations by effectively working with Human Resources and operate confidentiality when dealing with sensitive information and situations.
• Successfully interview, hire, train and retain employees at all assigned locations. Work effectively with Human Resources to recruit and onboard new employees.
• Develop and maintain professional working relationships with other departments.
• Manage revenue management pricing including attendance of regular pricing calls with the Revenue Manager. Monitor HUD fair market rents, Section 8 payment standards, and asking rents for voucher holders.
• Maximize portfolio revenue by effectively managing market rents, renewal increases, rentable item penetration, method 8 utility income, and other income.
• Review mystery shop survey results and work with the Training Department to ensure leasing and sales effectiveness.
• Understand property specific technology and ensure onsite staff utilize systems and technology as intended, including camera and fob systems.
• Provide direction and support to onsite teams to ensure the timely preparation of rent ready apartments, compliance certifications, move-ins, and occupancy to company standard.
• Collaborate with Resident Relations to effectively respond and resolve escalated resident complaints.
• Partner with the Marketing Department to review resident survey programs, marketing initiatives, online ad spend, social media campaigns, and all other marketing needs.
• Ensure all training requirements are being met by onsite team members within assigned portfolio.
• Ensure brand standards and safety protocols are enforced and maintained.
• Prepare annual operating budgets, reforecasting, proforma budgets, and assist with capital budget planning and execution.
• Provide strategic insight and best practices for asset preservation, capital improvement design decisions for new developments, and program operations. Identify solutions through innovation for operational and process improvement.
• Ensure appropriate risk management procedures are taken, including incident reporting related to workplace injuries, property damage, and emergency action planning.
• Provide professional and effective interaction with retail clients including commercial lease management and building repairs.
• Maintain a positive relationship with local housing authorities and agencies.
• Promptly and professionally respond to after-hours business needs and emergencies.
• Enforce company policies and procedures by monitoring and ensuring compliance with regulatory requirements, company standards, and operational processes.
• Continually seek out training opportunities and stay up to date on industry/legal trends and changes.
• Participate in team meetings. Work collaboratively with other team members to complete projects as assigned.
• Attend and represent the company at multifamily industry meetings, training events, and functions.
• Attend training classes as scheduled and assigned.
• Additional duties as assigned by supervisor.
  
  

Qualifications

Experience

• Minimum 5 years of experience in a property management leadership role.
• Bachelor’s degree in business or related field is preferred.
• Prefer CAM, CAPS, CPM, or other relevant professional certifications.
• Thorough knowledge of Federal Fair Housing and other applicable local, state, or federal regulations.
• Knowledge of Section 42 LIHTC and HUD programs, and associated compliance processes.
• Experience successfully leading teams with the ability to source, interview and manage employee performance.
• Proficient using MS Office Suite (Word, Excel, PowerPoint, and Outlook).
• Prior budgeting experience and the ability to interpret financial statements.
• Experience using property management software, preferably Yardi.
• Excellent written and verbal communication skills.
• Must be able to speak, read and write English in a manner sufficient to carry out duties.
• Successful completion of background check and drug screen required.
• Must be legally qualified to work in the U.S. meeting I-9 guidelines.
  
  

DevCo is an Equal Opportunity Employer