L+M Development Partners LLC · 10 hours ago
VP, Property Management (On-Site)
New York, NY, USA
Full-time
Onsite
Director/Executive
$215K/yr - $235K/yr
10+ years expL+M Development Partners LLC is a leader in management and real estate operations, overseeing a significant portfolio of residential units in the New York Tri-state area. The Vice President of Property Management will oversee property operations, enhance financial performance, and ensure compliance while leading a team of managers across various properties.
ConstructionProperty ManagementReal Estate
Responsibilities
Manage the operational aspects of the portfolios affordable portfolio with an emphasis on financial performance and enhancing the residential service experience
Partner with Regional/General Property Management teams to ensure all on-site operations are meeting or exceeding financial performance expectations
VP of Affordable will collaborate and engage other C+C VP’s in such departments as PACT Preservation and Fund Management
Implement and manage programs to maximize revenue, control expenses and improve resident experience and satisfaction
Cultivate and maintain a strong working relationship with other departments, such as leasing, accounting, legal, asset management, development teams, non-profit agencies that are highly engaged in the portfolio (LIHTC, PBV, Supportive-Housing) – manage expectations as a senior leadership figure
Play a active role in pre-acquisition due diligence efforts in collaboration with development, pre-construction and construction management teams (in-house and partners) – which includes, but is not limited to UW model review/analysis, pre-acquisition start-up analyses, physical assessment of an asset to be acquired, etc
Identify and manage capital projects, develop the scope of work, level contractor bids and monitor/approve payment requisitions
Set standards for apartment community maintenance and turnover and ensure established turn time and quality of turns are consistently achieved
Source, review and level all portfolio vendor contracts (costs, scope compliance, etc.) and enforce the established approval thresholds
Manage and ensure the physical condition of the property is maintained and contributes to the company’s annual business goals
Review and create action plans for underperforming personnel (Union or Non-Union)
Establish and enforce safety and inventory control procedures
Ensure portfolio implementation and execution of appropriate risk mitigation procedures, including disaster and emergency response protocols
Assist in the creation of annual operating and CAPEX budgets
Closely monitor all property financials, especially on under-performing assets (watch-list assets) – collaborate with asset management to set performance standards, add-value and manage unforeseen variances. This includes, but is not limited to AR/AP management, cash flow analyses, and operating/replacement reserve targets
Hire and develop managers within the portfolios; assist in management of portfolio maintenance personnel including onboarding, regular training, performance evaluations and goal setting, associate training/development and disciplinary actions; make decisions or recommendations regarding hiring and termination
Ensure portfolio compliance with all federal, state and local laws (building, business/labor law and affordable housing regulatory compliance)
Strategize, brainstorm and execute corporate level initiatives – including SOPs to maximize the efficiency, accountability and performance of all associates and the overall performance of C&C
Perform other duties and responsibilities as assigned by Senior Leadership
Closely monitor/oversee all agency-specific inspections and annual compliance functions; which include, but may not be limited to REAC, HQS Violations, API , Physical MOR inspections
Serve in a leadership capacity on behalf of C+C for local elected officials – build a strong relationship with said elected officials based on trust, integrity, character and performance
Qualification
Required
Bachelor's degree preferred or a combination of work experience, education and professional designations, certifications
10+ years of progressive experience across a variety of asset classes in the Property Management industry with at least 5 years serving in various leadership capacities at the site, regional, and director-levels at similar scale/scope properties with a college degree -or-
12+ years of progressive experience in direct RM/VP role at similar scale/scope properties across a variety of asset classes in the Property Management industry with at least 5 years serving in various leadership capacities at the site, regional, and director-levels at similar scale/scope properties without a college degree
Strong computer skills, including MS Office products (Word, Excel, PPT, etc.), as well as familiarity with Yardi Voyager, SiteCompli, AvidXchange, Concur, HappyCo., DealPath, Procore and Property Management or Construction Management portals
Strong understanding and experience in affordable housing, including – but not limited to Mitchell-Lama requirements, Public Housing Authority requirements (HPD, HDC, HCR, CGI) and affordable housing leasing operations
Proven experience engaging and working with diverse portfolios, such as Low-Income Housing Tax Credits (LIHTC), Project Based Vouchers (PBV) or Enhanced Vouchers (EV)
Demonstrated experience and proven track record in managing large, single & multi-development residential assets (7,500-10,000 units), as well as demonstrated experience in managing the associates and operations of a scattered-site/regional portfolio in excess of 5,000 units
Demonstrated experience and successful track record in managing large teams (100+ associates)
Strategic Communicator with a proven ability to communicate clearly, both written and verbal, while maintaining an acute discernment of audience
Strong understanding of local housing court law
Preferred
Assisted Housing Manager (AHM), CCAM, LIHTC, ARM, RAM and/or CPM designations are preferred
Benefits
C+C offers competitive compensation and benefits
Company
L+M Development Partners LLC
At L+M Development Partners, working together to build stronger communities is our mission.
201-500 employees
H1B Sponsorship
L+M Development Partners LLC has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2023 (1)
2021 (1)
Funding
Current Stage
Growth StageLeadership Team
Lisa Gomez
Chief Executive Officer
Ron Moelis
Chairman & Co-Founder
Recent News
The Real Deal
2026-01-23
Crain's New York Business
2025-09-10
Company data provided by crunchbase