About Rainey Property Management

At Rainey Property Management, we live by a simple yet powerful belief: Desire to Inspire.

This core mission fuels everything we do—from the way we serve residents and empower our teams to how we contribute to the neighborhoods we manage.

We Inspire:

• Communication by fostering open, honest, and meaningful connections
• Better Homes through high-quality, welcoming living environments
• Kindness by leading with empathy, respect, and compassion in every interaction
• Community by strengthening the neighborhoods we serve
• Excellence through high standards, constant innovation, and impactful work

In the realm of property management, Rainey Property Management stands as a beacon of excellence. We offer a comprehensive range of services finely tuned to the distinct requirements of multifamily communities and affordable housing programs.

With an unwavering commitment to enhancing property values, maximizing returns, and fostering vibrant communities, we dedicate ourselves to delivering tailored solutions that not only meet but exceed the expectations of property owners.

At Rainey, we don’t just manage properties — we inspire change, build community, and create places people are proud to call home.

Regional Manager – Affordable Housing

Location: Remote - Overseeing our Central California Portfolio

Compensation: $95,000 - $105,000

Reports to: Regional Vice President

Position Summary

The Regional Manager plays a pivotal leadership role in overseeing the performance and operations of a portfolio of affordable housing communities. This individual will guide on-site teams, drive operational excellence, and ensure full compliance with affordable housing programs including LIHTC, HUD.

This position requires a results-driven leader with a deep understanding of multifamily operations, advanced knowledge of affordable housing compliance, and a commitment to supporting property teams through mentorship, accountability, and strategic planning. The Regional Manager will serve as a key decision-maker and change agent, ensuring all assigned properties meet or exceed operational, financial, and compliance goals.

Essential Functions

Operational Oversight

• Oversee the day-to-day performance of multiple affordable housing communities within the assigned region
• Conduct regular site visits and property inspections to evaluate operational effectiveness, curb appeal, maintenance conditions, and compliance
• Monitor rent collection, occupancy trends, lease renewals, budget adherence, and expense controls
• Lead the annual budget development process for each property and approve budget revisions as necessary
• Provide strategic input to site-level decisions, resolve operational issues, and support long-term performance goals

Financial Management & Performance Accountability

• Review and analyze financial reports, income statements, and variance reports monthly to drive financial performance and efficiency
• Develop action plans with Property Managers to address variances, delinquencies, and underperformance
• Approve and monitor large purchases, vendor contracts, and capital improvement plans in alignment with budgetary goals
• Ensure that occupancy goals, collection benchmarks, and NOI targets are consistently achieved

Leadership & Team Development

• Mentor and coach Property Managers and on-site teams to support high-performing, compliant, and service-driven property operations
• Participate in recruiting, interviewing, and training new site-level leadership, ensuring alignment with Rainey’s values and performance expectations
• Conduct regular performance evaluations, provide feedback, and support career development opportunities for all direct reports
• Foster a team culture rooted in accountability, integrity, and collaboration

Affordable Housing Compliance

• Ensure all properties maintain compliance with affordable housing requirements including LIHTC, HUD, and other funding sources
• Support and oversee MOR (Management and Occupancy Reviews), REAC inspections, and state agency audits
• Partner with the Compliance Team to implement corrective actions, audit file accuracy, and ensure timely completion of certifications/recertifications
• Stay up to date on all federal, state, and local housing regulations and ensure regional teams are trained and aligned accordingly

Policy Enforcement & Risk Management

• Ensure company policies, procedures, and housing program regulations are adhered to at all times
• Identify and mitigate operational and compliance risks across the portfolio
• Collaborate with executive leadership on incident resolution, legal concerns, and emergency response planning
• Lead efforts to ensure site-level safety, OSHA compliance, and preventive maintenance practices

Skills & Competencies

Technical & Regulatory Expertise

• Deep knowledge of affordable housing programs including HUD, LIHTC
• Experience managing REAC inspections, MOR reviews, lease-ups, and program audits
• Understanding of federal Fair Housing regulations, ADA, and landlord/tenant law
• Ability to interpret regulatory documents and guide site teams through compliance procedures

Leadership & Strategy

• Strong leadership presence with the ability to inspire, coach, and drive performance across diverse teams
• Conflict resolution, mediation, and problem-solving skills that support staff growth and resident satisfaction
• Ability to manage competing deadlines and adjust priorities in fast-paced environments
• Proven record of team building, staff development, and managing underperformance with professionalism

Financial & Analytical

• Proficiency in reviewing property-level financial statements, income/expense reports, and operating budgets
• Skilled in developing action plans based on property analytics and market performance
• High attention to detail with strong analytical, decision-making, and presentation skills

Technology & Systems

• Proficiency in property management software such as RealPage, Yardi, and Microsoft Office Suite (Word, Excel, Outlook, PowerPoint)
• Ability to learn and implement software systems used for compliance, financial tracking, and communication

Qualifications

• Bachelor’s degree in Business, Real Estate, or related field preferred
• Minimum 5–7 years of experience in property management, with at least 5 years in a regional or senior leadership role
• Minimum 3–5 years working with affordable housing programs such as LIHTC, HUD or similar
• Certifications such as CAM, ARM, CPM, HCCP, or COS preferred
• Valid driver's license and reliable transportation required

Work Environment & Travel Requirements

This position requires frequent travel to properties throughout the assigned region. You must be able to:

• Travel up to 75% of the time depending on portfolio needs
• Walk properties including common areas, stairwells, grounds, and building exteriors
• Sit or stand for extended periods while working at a computer or attending meetings
• Lift and carry items up to 25 lbs. for site inspections or event needs

For a complete Physical Demands Analysis, please contact your HR representative.

Benefits & Compensation

Rainey Property Management offers a competitive benefits package including:

• Health, dental, and vision insurance
• Paid time off and holidays
• 401(k) with company match
• Vehicle Allowance
• Cellphone Allowance
• A collaborative, performance-driven leadership environment

Apply Today

This is more than a management role—it’s a leadership opportunity that shapes communities and empowers teams.
Apply now through our online portal.

Disclaimer

This job description is not an all-inclusive list of duties and responsibilities. Rainey Property Management may add or change responsibilities in order to meet business and organizational needs. Employees must meet qualification standards that are job-related and consistent with business necessity and must be able to perform the essential functions of the position, with or without reasonable accommodations.