Tax Credit properties in most cases pay the onsite stall above market, because of all of the resident documentation requirements. Most owners of conventional properties like to hire staff from the affordable side because of the expanded knowledge.

I like the Elizabeth Moreland training; have you asked about completing the "Site Compliance" certification? Then you can consider the Certified Occupancy Specialist.

I would find a mentor and explore what other certifications you can pursue, with or without your company's assistance. It all goes into your toolbox of knowledge, and whether you stay put or move on; it is essentially your responsibility to ask for. But if your company assists you, even if it is to allow you to access the training with their corporate discount at your expense; it would not be practical for them to ask you to 'mind-wipe' the knowledge if you moved on.... Rather, they should make every attempt to keep you wanting to stay.

Regardless, I still advise a quarterly review of your resume. It is easier to recreate 3 months of accomplishments when you are not rushed and don't need to; than to recreate a year or more when you do. Plus, you never know when you will have an opportunity and be asked for your resume. This is something my dad advised me long before I started working.

Correction to my post:

As reads: "Low Wage People"

Correction: "People willing to work for these wages."

Above correction less offensive and more PC.

Also adding on size of property: Stated wages for a 36 unit complex.
Also if you work out well the PMC can move you up!!! Say a 72 unit complex.
Also these jobs usually work best if the job is your second income and you make out by getting the free unit to live in. For instance a school teacher maybe. Yes, recruiting is a booger-bear at these prices!


As Changed,
Herb

Thank you for the explanation ;) You are right- that does look bad. I guess I am very lucky in part to be in Califonia, in my area, my unit alone is at least worth $1500 a month. And my wages are hourly, I work the full 40 hours, and I make more than twice the minimum wage (I won't specify how much more :) ) And, my maintenace guy has his own wages, and does not get a unit. Since my property is only 80 units, it only has 1 manager's unit. I have seen a lot of advertisements that pay the salary you are showing, roughly, and a lot of companies looking for "management teams." But, definitely looking at things in that perspective, well, the pay does suck!!! Sometimes, looking at other's points of views, one realizes how fortunate they actually are.

@Jamie

There is really nothing to be offended over in my statement. It is just the nature of the beast. There is little actual money in the budget for a manager salary. Let me illustrate the starting compensation for an RD tax credit management team:


Free Apartment: Market Rate would be $600.00
Free Utilities: Value at $375.00 Electric, Internet, Cable, etc.
Office Salary: $450.00 month
Grounds Care: $550.00 month

Other points: Your not driving to work--saving gasoline.
Your doing a few other jobs at minimum wage.
You could probably earn more a month by helping out at other properties.

This is the southeastern USA. If the compensation equates to $2,200 to $2,500 a
month for the couple, that is walking on sunshine for someone not otherwise able to
have a better job.

In the glitzy areas like NYC, CA, others, that wage won't fly well or at all.

So, no need to be offended, it is the way the thing generally works out.

Cheers
Herb

Johnny,
I have been through all sorts of tax training. I have done some classes directly with the California Tax Credit Committe, Novogradic (a federal auditing agency), Spectrum, Elizabeth Moreland, my last company had a great compliance program and training. So, I have done quite a bit of it. :) I do feel pretty confident with my tax credit knowledge, just every now and there, I will get one of those really complicated files that just stump me.

Herb, I cannot help but slightly get offended by your last statement about tax credit management. I would really say that there are many good companies out there that pay quite well for management of a tax credit property. There are not many management companies out there that I have seen (conventional) in which I would be better off than I am now. The only difference, and what does catch my attention, would be luxury housing, in addition to some of those better known REITs with huge properties.