Property Manager

Property Manager – Affordable Housing – Orange, NJ

We are partnering with a respected owner-operator of affordable and mixed-income housing communities to identify an experienced Property Manager to oversee a portfolio of four communities totaling approximately 250 units in the Orange, New Jersey area.

This is an excellent opportunity for an affordable housing professional who enjoys leading teams, driving property performance, and making a meaningful impact on residents' lives. The ideal candidate brings strong operational leadership, experience managing LIHTC and affordable housing communities, and a passion for creating well-maintained communities that residents are proud to call home.

The company offers a highly competitive compensation package, exceptional benefits, and a culture that invests in employee development—including sponsorship for LIHTC certification and Notary licensing for the right candidate.

Compensation & Benefits

• $70,000–$75,000 base salary
• Annual bonus opportunity of 5%–15%
• $100 monthly phone reimbursement
• 90% employer-paid medical insurance
• Fully paid dental, vision, and life insurance
• 401(k) and additional comprehensive benefits
• Summer Fridays
• Professional development opportunities, including LIHTC certification sponsorship
  
  

Position Overview

The Property Manager will be responsible for the overall operational, financial, compliance, leasing, and maintenance performance of a portfolio of affordable and mixed-income communities regulated by the New Jersey Housing and Mortgage Finance Agency (NJHMFA).

Reporting to regional leadership, this individual will oversee on-site teams, including Assistant Property Managers, Resident Coordinators, and Maintenance personnel, while ensuring each property consistently achieves occupancy, financial, compliance, and resident satisfaction goals.

This role requires a hands-on leader who can successfully balance resident relations, team development, financial management, compliance oversight, and property operations while maintaining exceptional standards across the portfolio.

Key Responsibilities

Property Operations & Leadership

• Lead, mentor, and develop site teams while fostering a collaborative, accountable, and resident-focused culture.
• Provide ongoing coaching, training, and performance management to ensure team success.
• Conduct regular property inspections to ensure communities remain safe, well-maintained, compliant, and inspection-ready at all times.
• Maintain strong relationships with residents, housing partners, regulatory agencies, and vendors.
• Ensure exceptional customer service standards are consistently delivered across all communities.
  
  

Financial Management

• Drive property performance to meet or exceed budgeted revenue, occupancy, and expense goals.
• Prepare and analyze monthly financial reports, variance reports, and operational metrics.
• Manage accounts payable processes and ensure all financial obligations are met timely and accurately.
• Monitor utility usage, expenses, and opportunities for operational efficiencies.
• Participate in annual budgeting, forecasting, and capital planning initiatives.
  
  

Affordable Housing Compliance

• Oversee LIHTC and affordable housing compliance requirements across the portfolio.
• Ensure timely completion of recertifications and adherence to NJHMFA and applicable affordable housing regulations.
• Maintain compliance with Fair Housing laws, landlord-tenant regulations, and all governing agency requirements.
• Partner with internal compliance teams to ensure successful audit and inspection outcomes.
  
  

Leasing & Resident Retention

• Maintain portfolio occupancy goals of 97.5% or higher.
• Monitor leasing performance and apartment turnover timelines.
• Ensure communities maintain strong curb appeal and marketability.
• Resolve resident concerns professionally and efficiently while promoting long-term resident satisfaction and retention.
  
  

Maintenance & Asset Preservation

• Partner closely with maintenance leadership to oversee work orders, preventive maintenance programs, capital projects, and apartment turns.
• Ensure work orders are completed within established company timelines.
• Maintain communities in a condition that consistently exceeds inspection standards.
• Assist with insurance claims management and risk mitigation efforts.
  
  

Required Qualifications

What We're Looking For

• Minimum of 3 years of progressive property management experience.
• Experience managing affordable housing communities, including LIHTC/tax credit properties.
• Experience overseeing portfolios totaling at least 150 units.
• Prior supervisory experience leading on-site teams.
• Strong understanding of affordable housing regulations, Fair Housing, and landlord-tenant laws.
• Proficiency with Yardi property management software.
• Valid driver's license, reliable transportation, and ability to travel between properties.
  
  

Preferred Qualifications

• LIHTC certification (or willingness to obtain with company sponsorship).
• Notary Public license (or willingness to obtain with company sponsorship).
• College degree preferred.
• CPM designation a plus.
• Experience with both affordable and market-rate multifamily housing.
  
  

Why This Opportunity?

This role offers the chance to join an organization that combines the mission-driven impact of affordable housing with the stability and professionalism of an established owner-operator. You'll have the autonomy to lead your portfolio, develop your team, and directly influence the success of communities that provide quality housing opportunities throughout the Orange, NJ market.

If you're an experienced affordable housing professional seeking a leadership role with growth potential, strong support, and excellent benefits, we'd love to hear from you!

Apply today for immediate consideration or reach out to Chastain Shenk to learn more!

215-661-8834 x1009

chastain@msbresources.com

This is an on-site position located in Orange, NJ.