Area Vice President

Job Details | Level: Experienced |

Job Location:

Corporate Louisville – Louisville, KY 40202 | Position Type:
Full Time | Salary Range: $ – $ | Salary Travel Percentage:
Up to 50% | Job Category:
Property Management

From the West Coast to the East Coast and everywhere in between, 29th Street Property Management manages diverse multifamily properties. Ranging from high-end luxury assets to small-scale properties, 29th Street continues to grow. Our multi-billion-dollar collection of properties across the nation gives us an opportunity to continue to diversify our community portfolio, making us a multifamily industry leader.

• 15 Paid Vacation Days
• 6 Paid Sick Days
• 11 Paid Holidays
• Immediate Eligibility for Medical, Dental and Vision Insurance
• Health Savings Account
• Short Term Disability
• Basic Life Insurance
• Pet Insurance
• 401(k)
• More benefits available

The Area Vice President is responsible for overseeing a large portfolio of properties in multiple locations in Kentucky, Ohio and North Carolina. This role ensures their assigned portfolio of properties meets or exceeds its financial performance targets, ownership objectives, and team/people objectives. Financial performance, attainment of ownership and team/people objectives will be achieved by ensuring that:

• Strategy of the asset is determined with Asset Management, clearly communicated and executed.
• Accountable for properties providing industry best customer service levels.
• Revenues are maximized.
• Expenses are carefully monitored and controlled.
• Properties are staffed optimally.
• Employees, including Regional Area Managers, are developed, trained, motivated, coached, perform well and are held accountable.
• Assets are preserved and maintained to the highest standards.
• Regional Area Managers are held accountable for regulatory compliance and adherence to all legal requirements.
• Relationships with partnerships are built with support groups.
• All properties and team members at properties are visited at least once a quarter.

• Leads by example by developing and cultivating the 29th Street culture.
• Monitors expense controls and implements initiatives to achieve goals as relates to Operating Expense Ratio for portfolios.
• Develops and implements annual budget preparation process.
• Identifies and holds Regional Area Managers accountable for ancillary income sources to increase property revenues.
• Reviews management fee income and contracts to ensure maximum fees are being charged and collected as earned.
• Approves and ensures execution of action plans for under-performing assets.
• Increases property NOI annually as determined by budget rollups, including achieving