Regional Property Manager (Memphis)

SUMMARY OF POSITION

The Regional Property Manager (RPM) oversees the operations of multiple affordable apartment communities within an assigned portfolio. Reporting to the Senior Director of Property Management, this role provides leadership, guidance, and accountability to Community Managers and site teams to ensure operational excellence and alignment with ALCO’s mission.

The Regional Property Manager combines strong affordable housing compliance knowledge with financial and operational expertise. This leader builds, motivates, and retains high-performing teams dedicated to resident success and long-term community sustainability.

KEY RESPONSIBILITIES

Team Leadership & Talent Development
• Recruit, hire, and retain qualified team members, fostering a collaborative and growth-oriented culture.
• Mentor and support Community Managers and site teams, reinforcing alignment with ALCO systems, policies, and values.
• Lead regular portfolio meetings to strengthen communication, accountability, and cultural alignment.
• Promote a positive, inclusive, and performance-driven team environment.

Operational & Financial Management
• Partner with Community Managers to ensure cost-effective operations that drive long-term portfolio success.
• Support development of annual operating budgets and obtain ownership approvals.
• Monitor monthly financial performance and variance reports, guiding teams to achieve or exceed targets while maintaining affordability standards.
• Collaborate with Marketing and site teams to implement strategies that maintain high occupancy and optimize rental rates within program guidelines.

Maintenance & Asset Management
• Ensure properties are maintained to high-quality standards consistent with long-term asset viability.
• Conduct regular community inspections, including monthly and bi-annual safety inspections.
• Oversee implementation of preventive maintenance programs aligned with ALCO standards.
• Partner with Asset Management to oversee vendor contracts, capital projects, insurance claims, and major repairs.

Compliance & Reporting
• Ensure portfolio compliance with federal, state, and local affordable housing regulations.
• Oversee preparation for agency inspections and ensure continuous compliance readiness.
• Develop proficiency in ALCO systems and tools to support consistent and compliant operations.

Community Engagement
• Support relationship-building with community organizations, local officials, and public safety partners.
• Foster a respectful and supportive environment for residents and employees.

Additional Responsibilities
• Represent ALCO within affordable housing and property management professional organizations.
• Perform additional duties as assigned to support portfolio and company goals.

QUALIFICATIONS

• Strong knowledge of affordable housing programs and compliance requirements.
• Demonstrated financial management and budgeting expertise.
• Proven leadership experience managing multi-site teams.
• Strong communication, organizational, and problem-solving skills.
• Ability to travel regularly within assigned portfolio.

COMPENSATION & BENEFITS

The salary range for this position is $90,000.00 – $110,000.00 annually. Final compensation will be determined based on experience, qualifications, certifications, geographic considerations (where applicable), and internal equity.

In addition to base pay, eligible team members may participate in performance-based incentives where applicable.

ALCO offers a comprehensive benefits package including medical, dental, and vision coverage; company-paid life and disability insurance; 401(k) with company contribution; paid time off; and paid holidays.

Pre-Employment Requirements:
All offers of employment are contingent upon successful completion of a background check and drug screening, in accordance with ALCO’s policies and applicable law.
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ALCO Management is committed to building a team that reflects the communities we serve. We welcome candidates from all backgrounds and experiences. Every qualified applicant will receive consideration for employment without regard to race, color, ethnicity, national origin, ancestry, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, age, marital status, disability, genetic information, military or veteran status, or any other characteristic protected under federal, state, or local law.

ALCO reserves the right to adjust responsibilities and expectations based on business needs. Candidates may be required to complete assessments, background checks, and reference checks as part of the hiring process. By applying, you acknowledge that you have reviewed the role, understand the expectations, and consent to be contacted using the information you provide.

No Search Firms:
ALCO Management does not accept unsolicited resumes or candidate submissions from search firms or recruiting agencies. Submissions made without a current written agreement with ALCO will not create an obligation for payment of any fees, including if the candidate is hired.