Regional Vice President

Preferred Apartment Communities is engaged in the operation of primarily Class A multifamily properties. We have developed a culture throughout our company that is designed to show respect for each other, our residents, and vendors.  We believe our focus on quality, consistency, and innovation provides strong national recognition for the Preferred Apartment Communities brand.  Learn more about us at https://www.pacapts.com/.

Location: Remote Dallas/Fort Worth Area

The RVP is responsible for all property operations, functions, and support as outlined in the document for the portfolio assigned.   The RVP portfolio will consist of supervision of 2-3 Regional Managers overseeing 5-8 properties each and may be adjusted as the President or SVP sees fit.  This role could involve direct supervision of properties.

The RVP will be expected to work with and communicate clearly with other divisions and departments within PAC as well as LivCor Asset Management group.

The RVP will provide strategic planning, oversight, and direction, on a management company level for the assigned portfolio or other areas of oversight for day-to-day operations through the appropriate Regional Managers. The RVP will be responsible for driving portfolio performance based on the investment strategy of each asset. The RVP will assist and ensure the implementation of new programs and ensure the implementation of PAC’s policies and procedures. 

ESSENTIAL FUNCTIONS

• Understand, support, and drive the organization’s mission, vision, strategy, culture, goals, and objectives.
• Direct and support a team of Regional Managers that contributes to the organization’s priorities.
• Strive for excellence and foster a culture that recognizes and rewards that pursuit.
• Foster a productive and cooperative relationship with Property Management  departments within PAC and LivCor including – Operations, Marketing, Maintenance, Legal, People, Transitions, Training, Asset Management, Capital, ROI/Redevelopment, Revenue and Performance, and Finance.
• Ensure adherence to operating policies and procedures for all onsite activities.
• Ensure training of onsite staff for leasing, resident service, and operating system technologies.
• Oversee the budgeting process for their specific portfolio in conjunction with the Regional Manager.
• Oversight of actual results of operations relative to budgeted expectations and market conditions.
• Revenue management – Provide thoughtful input on rent levels and occupancy targets.
• Support investment underwriting via market analysis, scope of work perspectives, and evaluation of pre-existing onsite teams.
• Manage human capital resource allocation to oversee the portfolio and unlock associates capabilities.
• Maintain and manage vendor relations.
• Provide support and oversight for capital expenditures recommended by the Regional Managers & signed off by PAC asset management.
• Ensure adherence to local, state, and federal regulations, as well as fair hosing laws.
• Conduct regular property visits to assess performance, provide coaching, and ensure compliance with brand and operational standards.
• Approve of staffing recommendations for the portfolio.

SPECIFIC RESPONSIBILITIES

• Review portfolio properties weekly and respond with changes/recommendations to Regional Managers with personal property visits conducted as needed/required.
• Evaluate monthly financial reports and provide guidance and direction to the Regional Manager regarding property financial operations.
• Assist the Regional Managers by providing support for all property-related personnel issues, emergencies, property damage/liability issues, budget variances, and capital projects.
• Ensure all operating and reporting compliance occurs on a timely basis.
• Work with Asset Management & Regional Managers in identifying and addressing property capital improvement projects.
• Hire, train, and develop regional management teams.
• Participate as needed in local, regional, and national multi-family industry events.

Corporate Responsibilities:

• Acquisitions: Support the acquisition team in