M. Kevin HODGES
Louisville
Summary
Dynamic property management executive with a proven track record at LDG Development, LLC, driving portfolio growth and operational efficiency. Expert in financial analysis and team leadership, successfully transitioned 46 properties, identified $800,000 in revenue discrepancies, and implemented strategic initiatives that enhanced service delivery and reduced costs.
Overview
22
22
years of professional experience
Work History
V.P. of Property Management Transitions
LDG Development, LLC
06.2024 - Current
- Established properties managed by third-party companies into new in-house management, Solidago Residential Services.
- Transitioned 46 properties to Solidago Residential Services Management within six months.
- Formulated plan for integrating 84 additional properties over next 1.5 years.
- Oversaw Telecom operations and audited property revenue share, identifying $800,000 in missing payments.
- Managed Warranty, Procurement, Design, and Utilities departments to optimize service delivery.
- Facilitated centralization of services, including AI-driven delinquency collection and accounts payable.
- Initiated conversion of properties to VOIP telephones, achieving monthly savings averaging 52% per property.
V.P. of Property Management
Heritage Properties, Inc
12.2017 - 03.2024
- Managed portfolio of 43 properties and 10,300 apartments across multiple regions, including Texas and Louisiana.
- Reduced average delinquency by over $400,000 through effective financial oversight.
- Implemented Rent Optimization system, increasing income by over 30%.
- Enhanced employee retention through targeted training and development initiatives.
- Boosted resident retention via organized resident events and efficient work order management.
- Decreased operational expenses with a streamlined Purchase Order program.
- Identified over 85 unused phone lines, contributing to significant cost reductions.
- Revealed construction defect leading to participation in Class Action Lawsuit for property recovery.
Regional Vice President
Gateway Management Co.
03.2017 - 12.2017
- Managed portfolio of 43 apartment communities, focusing on affordable housing and conventional properties.
- Supervised two conventional lease-ups to achieve occupancy targets.
- Oversaw transition of two incoming third-party managed conventional properties.
- Led team of four regional managers across Alabama and Mississippi.
Senior Vice President -Director of Operations
LMS Real Estate Management, LLC
08.2008 - 03.2017
- Managed portfolio of 17 properties with 3,250 total units across multiple states.
- Implemented comprehensive policy, procedures, and employee handbook to standardize operations.
- Reorganized on-site reporting and accounting structures to enhance efficiency.
- Boosted average occupancy by 4.5% within four months through targeted initiatives.
- Increased average income by $24 per unit in initial four-month period.
- Reduced employee sick time usage by 24%, enhancing workforce productivity.
- Established checks and balances with accounting to minimize unnecessary expenditures.
- Launched training program for sales and leasing teams to elevate performance.
Chief Operations Officer
Investment Realty, LLC
10.2004 - 08.2008
- Co-founded Investment Realty, LLC, acquiring first asset, a 468-unit community valued at $44 million.
- Grew portfolio from zero to 2,193 units within two years, establishing third-party management for an additional 580 units.
- Increased initial acquisition value, enabling investor sale for $7 million above purchase cost in 1 year and 5 months.
- Achieved less than 1% delinquency on owner-managed portfolio; maintained zero delinquency by the 15th of each month for most assets.
- Reduced delinquency on third-party managed assets from 40% to 5% within one year.
- Performed due diligence and reported on all acquired or managed assets.
- Developed networking functions and established relationships with local businesses to enhance collaboration.
- Created and implemented policies and procedures for operations and accounting within property management.
Founder
AIM Properties
10.2003 - 08.2004
- Expanded portfolio from zero to over 1200 units across Georgia, Florida, and Alabama.
- Merged with Investment Realty in August 2004 as a specialist in distressed properties.
- Managed assets including payroll, accounting, operations, marketing, and financial reporting.
- Presold 5% of a 128-unit lakeside townhome community within three months.
- Reduced accounts payable from $100,000 to $8,000 within one year of takeover.
- Executed four condominium conversions with capital improvements up to $8 million.
- Supervised communities ranging from 100 to 230 units totaling 1200 units.
- Developed strategies for third-party management across multiple ownership firms.
Skills
- Property management
- Financial analysis
- Rent optimization
- Telecommunications integration
- Portfolio management
- Team leadership
- Risk assessment
- Process improvement
- Contract negotiation
- Problem solving
- Effective communication
- Strategic planning
- Performance monitoring
- Employee training
- Financial management
- Coaching and mentoring
- Public speaking
- Proposals and presentations
- Lead generation
- Customer service
- Corporate branding
- Budget oversight
- CRM software
- Human resources
Education And Others
Proficient with Microsoft Office 365 products, AMSI, Yardi, One Site, LRO and many others., Trained in EOS, References available upon request.
Summary And Profile
To utilize my substantial years of Operations Management experience to assist in growing a company's financial soundness through maximizing revenues for the company. This will be completed through diligence, urgency, and accountability. I am a firm believer that my job with any organization is to make the owner of the asset as much money as humanly possible: Legally, Morally and ethically. Whatever I must do to accomplish that is my job and I instill that in my teams., 20+ Years of Multi-Site Multifamily Experience Diligent Innovative, 30+ Years of Multifamily Operations Experience. Direct Focused on Increasing Income and Reducing Expenses while protecting the asset Portfolios ranging up to 10,300 units. Fair, Driven, Vast experience with all class properties D to AAA, Strong Leadership, Hands on renovation and new construction experience, Team Builder Coach, North Carolina, Florida, Georgia, Texas, South Carolina, Tennessee, Alabama, Mississippi, North Dakota, Louisiana, Kentucky and Ohio
Timeline
V.P. of Property Management Transitions
LDG Development, LLC
06.2024 - Current
V.P. of Property Management
Heritage Properties, Inc
12.2017 - 03.2024
Regional Vice President
Gateway Management Co.
03.2017 - 12.2017
Senior Vice President -Director of Operations
LMS Real Estate Management, LLC
08.2008 - 03.2017
Chief Operations Officer
Investment Realty, LLC
10.2004 - 08.2008
Founder
AIM Properties
10.2003 - 08.2004