The Portfolio Operations Director coordinates the management operation of assigned properties within the guidelines of the quality standards, operating objectives, and goals established by the Company and the property management department. This position provides leadership and daily management over an assigned area and team responsible for single-family rental homes and the residents who occupy them. Portfolio Operations Directors are involved in all aspects of field-level property management, included but not limited to marketing, showings, application gathering and review, rent collections, resident inquires, profit and loss (P&L), reporting, as well as, maintenance, turn and construction operations, and general management of the resident experience.
* Oversee and manage development of Property Management staff across leasing, cash collection, service, turns and construction in assigned market(s).
* Maintains intimate awareness of market/industry conditions and trends.
* Establish environment that promotes teamwork and cohesion with Operations team in order to drive P&L performance.
* Recruit, hire, and train qualified, dynamic, high performance property management and maintenance personnel.
* Enforce policies to enable assigned portfolio to function according to quality standards and operating objectives.
* Understand and possess the ability to train team on fiduciary duty. Lead team in assigned market(s) to always make decisions based on the best interests of the business.
* Ensure that the policies and procedures are followed.
* Drive optimal P&L performance of assigned portfolio: assist in establishing budgets, ensure adherence to budgets, and report on variances in deviations from approved budget.
* Maintain >95% occupancy, <2% delinquency and <75% lease renewal rate on stabilized portfolio in assigned market(s). (specific metrics may be adjusted based on portfolio performance)
* Analyze processes and procedures to ensure optimum efficiency levels.
* Be knowledgeable of provisions in standard lease documents and maintain a working knowledge of resident rules and regulations.
* Carry out other duties as assigned that are in the best interests of the company.
* Work closely with central operations to ensure corporate initiatives are met.
* Oversee all day-to-day property management functions in assigned region, including but not limited to marketing, showings, application gathering and review, lease renewals, rent collection, profit & Loss (P&L), maintenance, and general resident management.
* Lead property management team in maintaining a high degree of customer service and competency level in all resident interactions, whether over the phone or email, through formal written communication or in person.
* Lead property management team in developing and maintaining positive relations with local community and real estate groups/associations.
* Conduct periodic inspections and follow up calls to residents to ensure standards of home care are maintained and the Company’s customer care program is executed.
* Oversee process of conducting and accounting for initial property inspections of all newly internalized rental homes in assigned market(s).
* Ensure that all resident-caused or owner-responsible HOA violations and/or citations are cured in a timely fashion and that fines are not incurred.
* Ensure compliance with guidelines and stipulations of the Property Management Agreement.
* Assist in creation and circulation of weekly, monthly, quarterly and annual reporting.
**Human Resource Management**
* Supervision of staff, set goals and holds people accountable for results.
* Ensures that the group provides outstanding customer service and is responsive to requests.
* Coordinates activities to maximize the efficiency of all processes.
* Develops team and is focused on succession plan within marketing group.
* Insure that all training requirements are completed on time.
* Ensures that employees all have goals and receive regular feedback on their performance
* Performance management of personnel including, reviews, corrective action, mentoring, development plans and performance improvement plans.
* Insure all safety standards are met and training for staff is completed.