VP, Residential Properties
About The Position
Denholtz is seeking a senior residential operator to lead its multifamily portfolio and the teams responsible for operating it. The role owns operating performance across five apartment communities—four in New Jersey and one in North Carolina—including occupancy, leasing, resident experience, maintenance, budgets, and net operating income. The VP will also lead lease-ups of new communities as they are delivered from development. Reporting to the CEO, this hands-on leadership position works closely with ownership, asset management, development, and accounting. The VP will build and lead the property management team and take ownership of how the communities are operated. The position is office-based in Red Bank, New Jersey, with regular travel to properties in New Jersey and North Carolina, including periodic overnight travel to North Carolina.
Requirements
- At least 10 years of multifamily property management experience, including at least 5 years overseeing multiple properties or a regional portfolio.
- Track record of improving occupancy, revenue, and NOI with full budget accountability.
- Experience leading lease-ups of new construction communities.
- Strong knowledge of New Jersey landlord-tenant law and fair housing requirements.
- Experience leading onsite teams, including maintenance staff.
- Strong financial skills, including budgeting, variance analysis, and advanced Excel.
- Proficiency in Yardi Voyager or similar property management software.
- Valid driver’s license and ability to travel regularly to properties, including periodic overnight travel to North Carolina.
Nice To Haves
- North Carolina property management experience.
- Union experience.
- Bachelor’s degree.
- Affordable housing compliance experience, including LIHTC, NJHMFA, or municipal affordable programs.
- CPM or ARM designation.
- New Jersey real estate license.
Responsibilities
- Own multifamily portfolio operating results, including occupancy, rent growth, revenue, expense control, and net operating income against annual budgets.
- Prepare annual operating and capital budgets for each property, review monthly financials and variances, and reforecast as needed.
- Lead leasing, marketing, renewals, pricing strategy, tenant screening, and resident retention.
- Lead lease-ups of newly delivered communities with the development team, from pre-opening staffing, systems, and marketing through stabilization.
- Oversee affordable housing compliance, including income certifications, agency reporting, and applicable NJHMFA requirements.
- Hire, train, and lead property managers, superintendents, maintenance technicians, porters, and leasing staff; establish staffing models and labor-cost controls across sites.
- Oversee maintenance operations, unit turns, preventive maintenance, and capital projects, and manage vendor and service contracts.
- Manage rent collections, delinquency, and the landlord-tenant court process.
- Ensure compliance with New Jersey and North Carolina landlord-tenant law, fair housing, local rent ordinances, building codes, inspections, and registrations.
- Work with union-represented building staff where applicable.
- Standardize policies, procedures, and onboarding across residential sites and make full use of Yardi and property systems.
- Provide operating assumptions for acquisitions, development underwriting, and refinancings, and deliver regular portfolio reports to ownership and partners.
Benefits
- Annual performance bonus.
- Medical, dental, and vision insurance.
- 401(k) with employer match.
- Paid vacation, sick days, and holidays.
- Professional development support.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
