Transition Property Manager

Job Description

Job Description

Position Description : The Transition Property Manager (TPM) is a high-impact, results-driven role responsible for stabilizing occupancy and improving leasing performance across Foundation Communities’ multifamily portfolio, spanning approximately 21 properties in Austin, Texas.  This position is assigned to communities in lease-up and / or experiencing leasing, occupancy, or operational challenges and may rotate based on organizational priorities and performance improvement needs. The role partners closely with site teams, Family Property Management leadership, and Compliance to drive measurable results, improve systems, and strengthen long-term site performance.

The ideal candidate brings a strong track record in affordable housing leasing, understands compliance requirements, and thrives in fast-paced, problem-solving environments.

Primary Duties/Responsibilities

Critical Asset Turn Around Management

• Partner with site staff and Family Property Management leadership to develop and execute strategies that increase leasing traffic and occupancy.
• Analyze marketing performance, traffic sources, and leasing data; implement targeted strategies to improve conversion and lease-up velocity.
• Identify operational or compliance bottlenecks and implement corrective actions to keep lease-ups on schedule.
• Maintain ownership of lease-up and stabilization targets and performance metrics.
• Track and report daily leasing activity, including traffic, applications, approvals, move-ins, and occupancy. 
• Audit leasing processes, procedures, and online lead sources; provide recommendations for improvement to leadership.
• Ensure all leasing activities comply with company policies, Fair Housing, ADA, FCRA, and other applicable regulations.

Compliance Interface & Quality Control

• Serve as the primary liaison between Property Management and Compliance teams for assigned critical assets.
• Support onsite teams with income qualification reviews, file completeness, unit designations, and program requirements.
• Review files for accuracy and completeness prior to submission to Compliance.
• Track approval status and communicate next steps to onsite teams.
• Ensure compliance issues are addressed promptly and corrective actions are implemented.
• Ensure leasing offices and models are prepared, professional, and tour-ready.
• Verify leasing binders, hot sheets, and required materials are complete and ready daily.
• Conduct competitor shops and maintain a comparison of at least five comparable communities per site

Team Support

• Provide hands-on guidance, coaching, and training to onsite leasing staff.
• Train teams on lease-up procedures, documentation standards, timelines, and best practices.
• Establish standardized workflows and expectations for application processing.
• Support staffing plans during high-volume leasing periods.
• Mentor onsite staff to build sustainable operational strength post-stabilization.

Process Improvement, Communication & Reporting

• Develop and implement standardized lease-up procedures, tools, trackers, and reporting templates.
• Serve as the central communication hub for lease-up and stabilization progress.
• Coordinate cross-functionally with Operations, Compliance, Maintenance, and Marketing.
• Escalate risks early and propose actionable solutions.

Qualifications

• Minimum 3–5 years of affordable property management experience
• Demonstrated experience with lease-ups or stabilized affordable portfolios.
• Strong understanding of compliance programs (LIHTC, HUD, or similar preferred).
• Proven ability to manage multiple priorities and deadlines.
• Strong organizational and communication skills.
• Experience training and supporting onsite teams.
• Proficiency with property management software and compliance platforms.

Physical Demands/Work Environment:

CONSTANTLY: Walking or sitting, grasping/gripping, bending/stooping/squatting, finger dexterity, computer input, coordination of hand, eye and foot.

FREQUENTLY: Stand and climb stairs, reach above the shoulder, lift 5 - 25 pounds, climb ladders and do push and pull motion.

OCCASIONALLY: Reach above the shoulder, lift 5 – 25 pounds, climb ladders, and do push/pull motion.

Foundation Communities is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, veteran status, sexual orientation & gender identity.

Employee Signature: ______________________________ Date: ________________ 

Print Name _______________________________________

Compensation $65,000 annually

This position profile identifies the key responsibilities and expectations for performance. It cannot encompass all specific job tasks that an employee may be required to perform. Employees are required to follow any other job-related instructions and perform job-related duties as may be reasonably assigned by his/her supervisor.

Foundation Communities provides an excellent benefits package including employer paid health benefits, 401(k) investment opportunity, Employee Assistance Program, paid vacation, holiday, and sick time.

Foundation Communities is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, veteran status, sexual orientation & gender identity.