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BANNEKER VENTURES LLC

Assistant Property Manager

Silver Spring, MD, United States

$65,000 USD / year

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Job details

Pay: $65,000 USD / year
Posting language: English

Original job description

***Position Hire Date 2/01/2027*** Role Purpose The Assistant Property Manager supports the financial performance, operational excellence, physical condition, regulatory compliance, and resident experience of Banneker Management’s multifamily housing portfolio. This role assists with protecting the long-term value of the Company’s real estate assets while helping foster safe, well-maintained communities where residents are treated with dignity, fairness, and respect. The Assistant Property Manager contributes through sound judgment, disciplined execution, financial stewardship, regulatory compliance, and a commitment to continuous improvement. Stewardship Statement As a member of Banneker Management, the Assistant Property Manager serves as a steward of the properties, residents, financial resources, relationships, records, and responsibilities entrusted to the Company. Every action should reflect integrity, professionalism, accountability, stewardship of the trust placed in Banneker, respect for others, and faithful service to residents, colleagues, owners, investors, and the communities we serve. Stewardship Responsibilities Property Operations & Asset Stewardship

Support the day-to-day operations of the assigned portfolio under the direction of the Property Manager.
Maintain a consistent on-site presence and assist with regular inspections of buildings, units, grounds, life-safety systems, and common areas.
Help ensure each community is safe, clean, well maintained, properly staffed, and operated in accordance with Company standards and approved budgets.
Identify operational, financial, maintenance, compliance, and resident-related risks and bring them to the Property Manager’s attention to support timely corrective action.
Maintain complete, accurate, and organized property records, leases, contracts, inspections, compliance files, and operational documentation.

Financial Stewardship

Assist with preparing annual operating budgets, capital improvement plans, and financial forecasts.
Assist with reviewing monthly financial statements, rent rolls, accounts receivable, accounts payable, delinquency reports, and budget variances.
Identify and bring forward recommendations to improve financial performance.
Support achievement of occupancy, collections, renewal, and revenue objectives established by management.
Support sound financial stewardship by monitoring expenses while helping maintain property quality, compliance, and resident service.
Review invoices, help monitor vendor expenditures, and follow appropriate financial controls.
Assist with collection activities and coordinate related matters in accordance with Company policy and applicable law.

Regulatory Compliance

Assist with monitoring compliance with IRS Section 42, Fair Housing, regulatory agreements, financing requirements, and applicable federal, District, and local regulations.
Assist with reviewing applicant eligibility, certifications, household composition, rent limits, utility allowances, student status, and supporting documentation.
Maintain compliance calendars for certifications, inspections, reporting deadlines, audits, and regulatory updates, and promptly flag upcoming deadlines.
Support coordination with compliance consultants, investors, lenders, auditors, government agencies, and ownership representatives.
Maintain complete, organized, and audit-ready resident files.

Resident Experience

Help foster communities where residents are treated with dignity, fairness, professionalism, consistency, and respect.
Respond to resident concerns and assist with emergencies, reasonable accommodation requests, and lease-related matters in a timely manner, escalating issues as appropriate.
Support resident retention through responsive management and community engagement.
Help administer leases, policies, and community standards consistently and fairly.

Maintenance & Asset Preservation

Coordinate with maintenance personnel, contractors, and vendors regarding preventive maintenance programs, work orders, unit turns, and emergency repairs.
Track vacant-unit readiness and coordinate follow-up to help ensure units are returned to rent-ready condition in a timely manner.
Track maintenance performance, resident satisfaction, completion times, and repeat service requests.
Identify deferred maintenance and capital improvement needs and share recommendations with the Property Manager.
Assist with monitoring vendor performance and verifying satisfactory completion of contracted work.
Help monitor compliance with applicable building, fire, housing, accessibility, environmental, and life-safety requirements.

Leadership & Operational Stewardship

Help coordinate the work of maintenance personnel assigned to the portfolio.
Communicate expectations clearly, support team coordination, and promote accountability.
Collaborate effectively with ownership, accounting, legal counsel, compliance consultants, and corporate leadership.
Prepare and maintain accurate weekly and monthly reports covering occupancy, financial performance, compliance, maintenance, resident concerns, and operational risks.
Immediately communicate significant financial, legal, compliance, safety, operational, or reputational issues.
Preserve institutional knowledge through complete, accurate, and organized documentation.

Qualifications

Required

Minimum five years of progressively responsible multifamily property management experience.
Minimum three years managing LIHTC, affordable housing, or mixed-income communities.
Experience managing multiple properties or serving as the senior manager of a multifamily portfolio.
Thorough knowledge of IRS Section 42, Fair Housing, and applicable landlord-tenant regulations.
Experience with budgeting, financial reporting, collections, expense control, and variance analysis.
Demonstrated success supervising maintenance operations, vendors, inspections, unit turns, and resident relations.
Strong organizational, interpersonal, written communication, verbal communication, and leadership skills.
Proficiency with property management software and Microsoft Office.
Ability to travel among assigned properties and respond to occasional after-hours emergencies.

Preferred

Housing Credit Certified Professional (HCCP), Certified Occupancy Specialist (COS), Certified Apartment Manager (CAM), Accredited Residential Manager (ARM), Certified Property Manager (CPM), or another nationally recognized property management or affordable housing certification.
Experience with Housing Choice Voucher programs, mixed-income communities, or layered affordable housing financing.
Familiarity with Washington, DC affordable housing programs.
Familiarity with property management systems such as Yardi, AppFolio, RealPage, MRI, or OneSite.

Banneker Management is committed to attracting, developing, and retaining exceptional professionals who share our commitment to stewardship, operational excellence, and service. The starting base salary for this position is $65,000 annually, commensurate with qualifications, experience, and demonstrated capabilities. Eligible employees are offered a comprehensive benefits program designed to support their health, financial well-being, and professional development. Benefits currently include:

Competitive health, dental, and vision insurance.
Paid vacation, sick leave, company holidays, and other approved leave benefits.
401(k) retirement plan with company matching contributions, subject to plan provisions.
Professional development, continuing education, and industry certification support.
Eligibility for an annual performance-based incentive or bonus, based on individual performance, company performance, and business results.

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More about this job

Skills

Inspection
Regulatory compliance
Documentation
Financial statements
Accounts receivable
Accounts payable
Reporting
Community engagement
Preventive maintenance
Leadership
Budget management
Financial reporting
Communication skills
Microsoft Office
Yardi

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