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 regionConduct regular site visits and property inspections to evaluate operational effectiveness, curb appeal, maintenance conditions, and complianceMonitor rent collection, occupancy trends, lease renewals, budget adherence, and expense controlsLead the annual budget development process for each property and approve budget revisions as necessaryProvide 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 efficiencyDevelop action plans with Property Managers to address variances, delinquencies, and underperformanceApprove and monitor large purchases, vendor contracts, and capital improvement plans in alignment with budgetary goalsEnsure 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 operationsParticipate in recruiting, interviewing, and training new site-level leadership, ensuring alignment with Rainey's values and performance expectationsConduct regular performance evaluations, provide feedback, and support career development opportunities for all direct reportsFoster 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 sourcesSupport and oversee MOR (Management and Occupancy Reviews), REAC inspections, and state agency auditsPartner with the Compliance Team to implement corrective actions, audit file accuracy, and ensure timely completion of certifications/recertificationsStay 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 timesIdentify and mitigate operational and compliance risks across the portfolioCollaborate with executive leadership on incident resolution, legal concerns, and emergency response planningLead 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, LIHTCExperience managing REAC inspections, MOR reviews, lease-ups, and program auditsUnderstanding of federal Fair Housing regulations, ADA, and landlord/tenant lawAbility 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 teamsConflict resolution, mediation, and problem-solving skills that support staff growth and resident satisfactionAbility to manage competing deadlines and adjust priorities in fast-paced environmentsProven 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 budgetsSkilled in developing action plans based on property analytics and market performanceHigh 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 preferredMinimum 5–7 years of experience in property management, with at least 5 years in a regional or senior leadership roleMinimum 3–5 years working with affordable housing programs such as LIHTC, HUD or similarCertifications such as CAM, ARM, CPM, HCCP, or COS preferredValid 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 needsWalk properties including common areas, stairwells, grounds, and building exteriorsSit or stand for extended periods while working at a computer or attending meetingsLift 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 insurancePaid time off and holidays401(k) with company matchVehicle AllowanceCellphone AllowanceA 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.
The pay range for this role is:95,000 - 105,000 USD per year(California)
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