Pay Range: Minimum $ 35. 64 - Maximum $41.58POSITION SUMMARY

Under the direction of the Senior Property Operations Analyst, this position is responsible for ensuring rent increases are properly calculated, monitored and in accordance with Eden Housing’s rent increase policy as well as property, federal, local and state ordinances. This position oversees the rent increase process for a large portfolio of affordable units in northern and southern California. The Property Operations Rent Analyst will keep current with affordable housing rent changes under various housing programs to include (but not limited to) CTCAC, HUD, HOME, and HCD. They are responsible for maintaining and updating all non-HUD Utility Allowance schedules in Yardi. Additionally, they will also be responsible for performing Accounts Receivable (AR) related tasks, such as (but not limited to) applying rent concessions to tenant ledgers, processing write-offs for past tenant balances, and reviewing and monitoring accounts receivables reports and ledgers as assigned. This position will also assist the Senior Property Operations Analyst with various other tasks as assigned.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Rent Increases

• Optimize non-subsidized rent revenue.
• Generate/analyze reports and rent rolls against maximum program allowable rent/income schedules.
• Maintain and update working tiered rent increase model data worksheet.
• Prepare calculations of proposed rent increases monthly.
• Assist with annual budgeting process by forecasting/estimating the amount of rent revenue to be achieved by site.
• Facilitate the annual rent increase process in accordance with company policy.
• Provide site staff rent increase information to be implemented appropriately and timely.
• Ensure that pertinent rent increase information is reviewed appropriately and timely by site staff and Compliance specialists.
• Process and resolve edits and comments from site staff and Compliance reviews prior to finalizing rent increase model workbook.
• Create and provide rent increase letters to site staff for distribution.
• Coordinate with Business Technology team to batch update lease charges in Yardi.
• Monitor if rent increases occur as planned and provide reports to property supervisors to hold site staff accountable.
• Verify that the rent limits are inputted correctly in Yardi as provided by Compliance.
• Ensure that the most up-to-date rent limits are used as the basis to calculate rent increases.
• Monitor tiered rent increase model data worksheet if any rent amounts are at or below the unit’s maximum allowable rent limit. If above:
  • Perform appropriate lease charge and ledger adjustments.
  • Create and provide rent decrease letters to site staff.
  • Facilitate credit reimbursement refunds for overcharged rent, as necessary.

Other Rent-Related tasks

• Monitor and implement utility allowance schedules and verify that the utility allowances are inputted correctly in Yardi.
• Distribute program-based letters to site staff and process HAP changes received from the Housing Authority.
• Manage Housing Authority mail correspondences received at the Central Office.
• Scan and distribute appropriately to site staff and other departments, as applicable.
• Process rent portion changes (tenant portion and subsidy/HAP) as informed by Housing Authority letters.
• Resolve and respond to Accounts Receivable help tickets as assigned, which include, but not limited to:
  • Processing ledger corrections, rent concessions, write-offs
  • Reviewing and analyzing resident ledgers and receivables reports
  • Assisting site staff with rent collection tasks and resolving issues
  • Assisting site staff with move-out and depositing accounting tasks and resolving issues

SUPERVISORY RESPONSIBILITIES

No supervisory responsibility.