Vice President of Operations

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Park Avenue Partners

WebsiteLinkedInAll Job Openings

2 - 10 employees

Founded 2018

🏠 Real Estate

💸 Finance

Real Estate • Finance

Park Avenue Partners is a real estate investment firm that acquires, renovates, and operates mobile home parks and mobile homes through an SEC-registered fund. It partners with accredited investors to co‑own mobile home parks, providing quarterly dividends, profit splits on sale, and a no-fee alignment model (no acquisition, management, or exit fees). The firm focuses on improving operations (infilling vacant pads, installing water meters, raising rents where appropriate) to generate risk‑adjusted returns while expanding the supply of affordable housing for low-income Americans. Minimum investment is $100,000 and investments may be held in self-directed IRAs or entities for accredited investors.

📋 Description

• Think like an owner. You have a demonstrated track record of proactively finding opportunities to improve profitability. You will find most of those opportunities at our company both by reviewing our monthly financial performance as well as traveling on-site to visit our properties. • Manage our portfolio of two dozen properties to meet or exceed established annual budgets. • Hire high-performing people in to our company. You’ve onboarded, trained and developed people to their full potential at your previous employers. • You have invested significant capital into mobile home rehabs, utility submetering systems, and general R&M. You prioritized investments to achieve highest ‘bang for the buck’ and you managed a process of getting competitive bids and selecting vendors to complete work on time and on budget. You selected vendors that offered the best tradeoffs between quality, time, and price. • Improve utility recovery rates to 97% or better. We have capital for new meters, for leak detection, and for anything else you need. • Manage properties to meet or exceed budget. You have responsibility for hiring, training, and terminating (as a last resort) your Community Managers. • Conduct site visits (likely annually) to insure your Community Managers are doing their jobs. Meet with tenants as needed.

🎯 Requirements

• 7+ years of relevant experience in the manufactured housing, RV, and/or apartment industry, with track record of promotions and achieving KPIs. • Full knowledge of accounting. We don’t expect you to be a CPA, but you should know how to read a P&L, Balance Sheet, etc. and to calculate profitability, ROA, ROE, etc. • You are a lifelong learner and able to discuss books you have read, seminars you have attended, and/or other ongoing education in recent years. Most importantly, you will be expected to bring those key learnings to our organization. • Experience in the destination RV resort industry a plus. Three of our properties are ‘Winter Texan’ RV parks. (The other 20 properties are regular manufactured housing communities.) • Willingness to travel approximately 1/4 of the time. • Excellent written and verbal communication skills, and the ability to work well in a team environment as well as independently.

🏖️ Benefits

• $100,000 base, $50,000 bonus. $150,000 on-target earnings. But depends on experience. If you’ve delivered more than what we have scoped this role to be and you have made more money, let’s talk. • 3 weeks/year paid vacation.