Market Property Manager II

What You'll Actually Do

This role sits at Union 346 I & II in Somerville, a property in John M. Corcoran & Company's New England portfolio. You're running day-to-day operations: rent collection, delinquency follow-up, authorizing corrective or legal action when needed. You work with leasing and maintenance staff on applications, make-readies, and resident satisfaction. You also own the budget side, monitoring capex, evaluating staff performance, and working directly with ownership representatives on performance goals and overall property strategy.

Market analysis is part of the job. You'll track the competition, assess rental rates and renewal rents, and bring recommendations to the Senior Property Manager. You'll also lead annual property audits and get the property ready for both internal and external reviews. This is a full-operations role, not a specialized function.

Affordable housing compliance is a real requirement here. JMC expects working knowledge of affordable housing programs, and you'll need to apply that knowledge alongside standard market-rate operations.

What You Bring

• At least 5 years in property management
• Experience hiring, training, and supervising leasing and maintenance staff
• Solid budget management skills, including capex monitoring and financial reporting
• Proficiency in Yardi and Microsoft Office
• Working knowledge of affordable housing compliance
• Comfort negotiating vendor contracts and evaluating staff performance

Context Worth Knowing

JMC has been operating in New England since 1951 and manages its properties in-house. The company is known for long employee tenure, which tells you something about how it operates. You're not joining a firm that churns through managers.

Somerville's rental market is competitive and dense, with strong demand but tight margins on affordable units. The candidate who stands out here combines sharp market awareness with genuine compliance fluency. Knowing the difference between a concession that makes sense and one that erodes NOI matters. So does understanding how affordable program requirements interact with standard lease administration.

The schedule runs Monday through Friday, with a Wednesday evening shift (10 am to 6 pm). Pay ranges from $39.25 to $47.50 per hour, plus a $2,500 sign-on bonus. Benefits include medical, dental, vision, life insurance, PTO, holidays, and a 401k with company match.