​Community Manager - Affordable

📌 Core Information

🔹 Job Title: Community Manager - Affordable

🔹 Company: Fairfield Residential

🔹 Location: Los Angeles, California

🔹 Job Type: Full-Time

🔹 Category: Real Estate

🔹 Date Posted: April 4, 2025

🔹 Experience Level: 5-10 years

🔹 Remote Status: On-site

🚀 Job Overview

Key aspects of this role include:

• Leading and managing a high-performing on-site team
• Overseeing property operations to meet revenue and profit targets
• Ensuring compliance with affordable housing regulations
• Managing budgets and financial aspects of the property

ASSUMPTION: This role requires a balance of leadership, financial management, and regulatory compliance skills. The ideal candidate will have experience in affordable housing and property management.

📋 Key Responsibilities

✅ Recruit, lead, motivate, and develop a high performing and diverse staff

✅ Prepare, execute, and own the property’s operational budget

✅ Ensure budgeted occupancy levels at budgeted rental rates

✅ Gather and follow up on all verifications of income for LIHTC and/or HUD programs

✅ Ensure the effective execution of marketing programs per branding and marketing standards

✅ Increase resident satisfaction through lease renewal strategies and resident retention plans

ASSUMPTION: This role involves a mix of strategic planning, hands-on management, and regulatory compliance. The ideal candidate will be comfortable with a varied workload and able to prioritize tasks effectively.

🎯 Required Qualifications

Education: Bachelor’s degree preferred

Experience: Minimum of three years of property management experience required, with a minimum of three years of LIHTC experience

Required Skills:

• Proven leadership and team management skills
• Strong financial management skills, including budget preparation and analysis
• Experience with affordable housing regulations and compliance
• Proficiency in Microsoft Office and property management software (e.g., Yardi)
• Strong understanding of federal, state, and local fair housing laws and provisions

Preferred Skills:

• Industry certification (e.g., HCCP, C3P, COS, CPO)
• Experience in a leadership position and managing a staff

ASSUMPTION: Given the specific requirements of this role, candidates with relevant experience in affordable housing and property management are most likely to succeed.

💰 Compensation & Benefits

Salary Range: $70,000.00 - $80,000.00 per year

Benefits:

• Paid time off, paid holidays, and sick days
• Matched 401(k)
• Medical, dental, and vision insurance
• Flexible spending account
• Life insurance

Working Hours: Full-time, typically Monday-Friday, with on-call responsibilities

ASSUMPTION: The salary range provided is based on industry standards for similar roles in the Los Angeles area. Benefits are standard for the real estate industry and reflect Fairfield Residential's commitment to employee well-being.

📌 Applicant Insights

🔍 Company Context

Industry: Real Estate, specifically multifamily housing

Company Size: 1,001-5,000 employees, which means a large, established organization with extensive resources and opportunities for growth

Founded: 1985, with over 40 years of experience in the multifamily sector

Company Description:

• Fairfield is a vertically integrated real estate operator and investment manager in the multifamily sector
• They offer in-house development, construction, acquisition, property, and asset management services
• Their core capabilities span acquisition and development strategies, including LIHTC Affordable, Value Add, Core Plus, Develop to Core, Suburban Development, and U.S. Multifamily Debt

Company Specialties:

• New construction - apartment homes
• University student housing
• Tax credit affordable housing properties
• Redeveloped Apartment homes
• Mixed-use and transit-oriented attached housing communities
• Multifamily housing
• Acquisitions
• Property Management

Company Website: http://www.fairfieldresidential.com/

ASSUMPTION: Fairfield Residential is a well-established company in the real estate industry, with a strong focus on multifamily housing. Their extensive experience and resources make them a desirable employer in the field.

📊 Role Analysis

Career Level: Experienced professional, with room for growth into senior management or related roles

Reporting Structure: Reports directly to a Regional Manager

Work Arrangement: On-site, with a focus on community management and team leadership

Growth Opportunities:

• Advancement into senior management roles within Fairfield Residential
• Expansion of skills and knowledge in property management and affordable housing
• Potential to oversee multiple properties or larger teams

ASSUMPTION: This role offers opportunities for career growth and development within Fairfield Residential, as well as the chance to gain valuable experience in property management and affordable housing.

🌍 Location & Work Environment

Office Type: On-site, with a focus on community management and team leadership

Office Location(s): Los Angeles, California

Geographic Context:

• Los Angeles is a large, diverse metropolitan area with a thriving real estate market
• The cost of living in Los Angeles is relatively high compared to other U.S. cities
• The city offers a wide range of cultural, recreational, and entertainment opportunities

Work Schedule: Full-time, typically Monday-Friday, with on-call responsibilities as needed

ASSUMPTION: The Los Angeles location offers a dynamic and diverse work environment, with access to a wide range of cultural and recreational opportunities. The cost of living may be higher than in other U.S. cities, but the real estate market is robust and offers opportunities for career growth.

💼 Interview & Application Insights

Typical Process:

• Online application and resume submission
• Phone or video screening with the hiring manager
• In-person or virtual interview with the regional manager
• Final interview with the regional vice president

Key Assessment Areas:

• Property management experience and skills
• Leadership and team management abilities
• Financial management and budgeting skills
• Understanding of affordable housing regulations and compliance

Application Tips:

• Highlight relevant experience in property management and affordable housing
• Demonstrate strong leadership and team management skills
• Showcase financial management and budgeting abilities
• Tailor your resume and cover letter to emphasize your understanding of the role and Fairfield Residential's mission

ATS Keywords: Property Management, Affordable Housing, Team Leadership, Budgeting, Financial Management, Fairfield Residential, Real Estate, Multifamily Housing

ASSUMPTION: The application process for this role is likely to be competitive, given Fairfield Residential's strong reputation in the real estate industry. Candidates should highlight their relevant experience and skills in their application materials and be prepared to demonstrate their qualifications in interviews.

🛠️ Tools & Technologies

• Microsoft Office (Word, Excel)
• Property management software (e.g., Yardi)
• Budgeting and financial management tools

ASSUMPTION: The tools and technologies required for this role are standard in the property management and real estate industries. Candidates should be comfortable using Microsoft Office and property management software, as well as budgeting and financial management tools.

👔 Cultural Fit Considerations

Company Values:

• Integrity
• Collaboration
• Excellence
• Accountability
• Innovation

Work Style:

• Results-driven and goal-oriented
• Collaborative and team-focused
• Adaptable and responsive to change
• Strong attention to detail and commitment to quality

Self-Assessment Questions:

• Do you thrive in a fast-paced, dynamic work environment?
• Are you comfortable managing a team and driving results?
• Do you have a strong understanding of affordable housing regulations and compliance?
• Are you detail-oriented and committed to delivering high-quality work?

ASSUMPTION: Fairfield Residential values integrity, collaboration, excellence, accountability, and innovation in their employees. Candidates should assess their fit with these values and the company's work style before applying.

⚠️ Potential Challenges

• Managing a team in a fast-paced, dynamic work environment
• Balancing regulatory compliance with affordable housing requirements and financial management
• Adapting to change and responding to evolving industry trends
• Maintaining a high level of attention to detail and commitment to quality in a demanding role

ASSUMPTION: This role presents unique challenges, including the need to balance regulatory compliance with financial management and the demands of a fast-paced, dynamic work environment. Candidates should be comfortable with these challenges and prepared to rise to them.

📈 Similar Roles Comparison

• This role is similar to other community manager positions in the real estate industry, but with a specific focus on affordable housing
• Compared to other property management roles, this position requires a strong understanding of affordable housing regulations and compliance
• Career paths in property management and real estate can vary, but this role offers opportunities for growth and development within Fairfield Residential

ASSUMPTION: While this role shares similarities with other community manager positions in the real estate industry, its focus on affordable housing sets it apart. Candidates should be aware of the unique requirements and challenges of this role and how it compares to related positions.

📝 Sample Projects

• Managing a team to prepare for a REAC inspection at a HUD property
• Implementing a resident retention plan to increase lease renewals and reduce turnover
• Coordinating with the on-site professional team to seamlessly welcome new residents

ASSUMPTION: These sample projects illustrate the varied and demanding nature of this role, which requires strong leadership, team management, and regulatory compliance skills.

❓ Key Questions to Ask During Interview

• Can you describe the typical workweek for this role, and how it may vary depending on the property's needs?
• How does Fairfield Residential support its community managers in balancing regulatory compliance with financial management?
• What opportunities are there for growth and development within Fairfield Residential, specifically for community managers?
• How does Fairfield Residential foster a culture of collaboration and innovation among its employees?
• What are the most challenging aspects of this role, and how can I best prepare to succeed in them?

ASSUMPTION: These key questions can help candidates better understand the demands and rewards of this role, as well as the company's culture and commitment to employee growth and development.

📌 Next Steps for Applicants

To apply for this position:

• Submit your application through this link
• Tailor your resume to highlight your relevant experience in property management and affordable housing
• Write a cover letter that demonstrates your understanding of the role and Fairfield Residential's mission
• Prepare for interviews by researching Fairfield Residential and the real estate industry, and practicing your responses to common interview questions
• Follow up with the hiring manager within one week of your interview to express your interest in the role

⚠️ This job description contains AI-assisted information. Details should be verified directly with the employer before making decisions.