Property Stabilization Manager – Washington, DC We are seeking an experienced Property Stabilization Manager to lead turnaround and performance recovery efforts across distressed multifamily communities. This is a high-impact, operationally focused role designed for a seasoned leader who thrives in stabilization environments and drives measurable results in occupancy, collections, compliance, and team performance. This position reports directly to senior leadership and plays a critical role in improving asset performance, optimizing NOI, and strengthening on-site operations.
Key Responsibilities Occupancy Stabilization
Develop and execute aggressive occupancy recovery strategies, including targeted outreach, marketing optimization, and leasing workflow improvements
Analyze leasing and traffic data to identify bottlenecks and improve lead-to-lease conversion
Oversee leasing activity, certifications, recertifications, and move-outs to minimize vacancy loss
Enforce unit turn timelines and ensure move-in readiness
Implement retention initiatives, resident engagement programs, and incentive strategies
Ensure full compliance with Fair Housing and Affirmative Marketing requirements
Maintain expertise in affordable housing programs, including LIHTC and Section 8
Rent Collection & Financial Performance
Drive improvement in rent collections, delinquency reduction, and recovery of aged receivables
Implement consistent collection procedures, including daily reporting and payment plan tracking
Partner with site teams to strengthen resident communication regarding rent obligations
Review collection and deposit data for accuracy and alignment
Oversee AR/AP functions, move-out reconciliations, and security deposits
Collaborate with leadership on budgets and variance analysis
Track KPIs related to collections, delinquencies, and evictions
Compliance & File Management
Conduct in-house audits and ensure ongoing file readiness for investor and regulatory reviews
Ensure timely and accurate submission of all required affordable housing reports
Verify rent and income limits and proper set-aside tracking
Attend court proceedings and manage eviction documentation as needed
Oversee annual file purging in accordance with retention policies
Maintenance & Asset Preservation
Support maintenance operations to ensure service standards are met
Assist with vendor bidding, contract approvals, and compliance
Promote cost controls and inventory management best practices
Ensure adherence to preventive maintenance schedules and capital planning
Monitor curb appeal and common areas to support occupancy goals
Leadership & Operations
Provide regular performance updates to senior leadership
Lead, coach, and support site-level teams across assigned communities
Conduct operational assessments and implement corrective action plans
Prepare and present data-driven reports for ownership meetings
Enforce office standards and regulatory postings
Conduct performance evaluations and support employee development
Participate in interviewing and staffing recommendations
Qualifications
High school diploma or GED required (Bachelor’s degree preferred)
7+ years of multi-site multifamily property management experience (250+ units)
5+ years of hands-on experience with LIHTC and/or Section 8 housing