Rich Barone
Regional Vice President @Roots Management Group
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WORK HISTORY
Regional Vice President @Roots Management Group
Cedar Rapids, IA, US
I execute capital projects while finalizing deliverables within predefined time, scope, and financial constraints. I Increase conversions of rental homes by educating community managers on features and benefits of homes, how to clear conditions quickly and finalize deals. I oversee 22 properties across the US in 12 states.l and RPS. Highlights of accomplishment in this role include:Reduced the number of vacancies from 400 to 80 in two months by coordinating local outreach marketing and resident events to maximize brand awareness and increase applications. Provided monthly budget variance reporting for investors to highlight variances in expense and revenue.Developed and managed budget with accumulated value of $20 million.Received glowing reviews from local municipalities for improving health and safety conditions of communities, including addressing safety hazards, collaborating with police departments to enhance security, and installing cameras and lighting.Reduced employee turnover by 40% and fostered productive environment through introducing innovative training and employee development programs, organizing stay interviews, and resolving individual issues.Earned positive feedback and recognized by executive leadership teams for leading region from 20th to 2nd position in delinquency, occupancy, and NOI within six months.Boosted economic occupancy by 52% through executing stringent leasing criteria and leading expansion of existing marketing campaigns to potential residents within the market.
ABOUT RICH BARONE
As a seasoned leader in property management, I bring comprehensive experience spearheading the strategic direction and operational excellence of multimillion-dollar property portfolios. My passion lies in cultivating high-performing teams and driving business growth through innovative strategies and data-driven decision-making. My expertise spans a wide range of areas critical to successful property management, including talent development, project leadership, and sales and marketing. I have a proven track record of nurturing talent, fostering a culture of excellence, and empowering teams to achieve their full potential. Through effective staff training, coaching, and recruitment initiatives, I ensure that every member of the team is equipped with the skills and knowledge necessary to excel in their roles. In addition to talent development, I excel in property portfolio management, budget creation and NOI management, and resource allocation optimization. I possess a comprehensive understanding of financial management principles and utilize this knowledge to drive profitability while minimizing operating costs. My hands-on approach to property operations leadership ensures efficient day-to-day management and seamless execution of strategic initiatives. Community relations and vendor engagement are also areas where I excel, fostering positive relationships with tenants, vendors, and stakeholders to create a harmonious and thriving environment. I am adept at contract creation and negotiation, ensuring favorable terms while upholding the highest standards of professionalism and integrity. I am committed to driving employee retention and satisfaction, recognizing that engaged and motivated teams are essential to achieving long-term success. Through performance monitoring and evaluation, I track progress, identify areas for improvement, and celebrate achievements to foster a culture of accountability and excellence. Following are some of the highlights of my career: Boosted utility recapture by 60%. Increased resident satisfaction/retention by 55% in 2023. Exceeded annual NOI goal by $185K. Reduced over $1 million in bad debt in 12 months. Decreased delinquency by $495K.
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