Director of Property Management
Job Description
Job DescriptionDescription:
Job Title: Director of Property Management
Job Summary:
The Director of Property Management will be the senior executive responsible for overseeing all aspects of the company’s property management operations. This role requires a blend of leadership, industry expertise, and business acumen to ensure the profitability and sustainability of our clients’ portfolios, to effectively manage staff, and to deliver bottom line results to Allegro. Reporting directly to the CEO, the Director will collaboratively set the strategic vision, manage a dedicated team, foster strong client and vendor relationships and drive financial performance.
Key Responsibilities:
- Strategic Leadership: Develop and execute a long-term vision for the practice area, aligning property management operations with broader business goals to maximize revenue and portfolio value.
- Operational Oversight: Manage day-to-day property management activities, including but not limited to leasing, maintenance, tenant relations, and compliance with local, state, and federal regulations.
- Financial Management: Oversee budgeting, property accounting, financial reporting, and profitability analysis; ensure the practice area meets or exceeds its annual revenue and profitability target.
- Team Leadership: Lead, manage and hold accountable a lean team of property managers, maintenance staff, and administrative personnel, fostering a culture of accountability and excellence.
- Client Relations: Build and maintain strong relationships with property owners, investors, tenants, contractors, and municipalities, ensuring high satisfaction and retention rates.
- Business Development: Identify opportunities to expand the portfolio through new client acquisition, partnerships, networking, marketing, and industry associations.
- Risk Management: Ensure properties are maintained to high standards, maintain proof of adequate owner insurance, minimizing liability and ensuring compliance with safety and legal requirements.
- Vendor Management: Negotiate and oversee contracts with vendors, contractors, and service providers to optimize costs and quality and maintain proof of adequate contractor insurance.
- Reporting: Provide regular updates to Allegro’s Leadership Team and Property Management Clients on financial performance, operational metrics, and strategic initiatives.
Compensation and Benefits:
- Competitive base salary commensurate with experience, plus performance-based bonuses tied to practice area performance.
- Benefits package, including health insurance, retirement plan, and potential equity opportunity.
Work Environment:
- Full-time position, in-office, with occasional travel to managed properties.
- Collaborative yet autonomous role, requiring both office-based leadership and on-site oversight.
Requirements:
Qualifications:
- Minimum of 7-10 years in property management or real estate, with at least 3-5 years in a senior leadership role.
- Bachelor’s degree in Business Administration, Real Estate, or a related field; advanced degree or certifications (e.g., CPM – Certified Property Manager) preferred, and a real estate license
Skills:
- Proven track record of managing a property portfolio or business unit with revenues/assets in the multi-million-dollar range.
- Strong financial acumen, including budgeting, forecasting, and P&L management.
- Excellent leadership and team-building abilities, with experience managing small to mid-sized teams.
- Deep knowledge of property management laws, leasing agreements, and industry best practices.
- Exceptional communication and negotiation skills.
Core Values: Allegro employees adhere to our critical core values, and all team members must bring this mentality to the office each and every day.
- Put Clients First
- Do It Right
- Be Dependable
- Always Improve
- Work as One