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ALCO Management

Runs affordable apartment communities in the Southeast

Assistant Community Manager

Full-TimeUpdated on 10/23/2026
$20 - $25/yr+ Performance-based incentives
Mid
Memphis, TN, USA
In Person
Real EstateReal Estate Property Management

About the job

Requirements
  • A high school diploma or equivalent is required.
  • Applicants must be over 18 years of age, or at least 21 where state law requires that age to execute residential leases on behalf of landlords.
  • Applicants must be able to speak, read, and write English.
  • Administrative or property management experience is required.
  • Applicants must be able to multitask and meet deadlines.
  • Applicants must communicate professionally and effectively with coworkers, residents, vendors, and corporate office staff.
  • Applicants must be proficient with Microsoft Office, including Excel, Word, and Outlook.
  • Offers are contingent on successful completion of a background check and drug screening.
Responsibilities
  • Assist the Community Manager in the daily operation of the property and lead the property and property team in the Community Manager’s absence.
  • Ensure accurate and efficient completion of application, lease, and annual income recertification paperwork.
  • Complete resident interviews, leasing documents, and income certifications to ensure the property provides housing for families with the greatest financial need.
  • File evictions in a timely manner.
  • Coordinate tasks with leasing and maintenance staff.
  • Answer incoming phone calls and handle them accordingly.
  • Investigate and help resolve complaints, disturbances, and lease violations.
  • Coordinate with outside vendors to arrange trash removal, maintenance, landscaping, security, and other services.
Desired Qualifications
  • Understanding of and experience with Project-Based Section 8 and Tax Credit programs is preferred.
  • Operational experience as a manager or assistant manager of a similar residential apartment community is preferred but not required.

About the company

ALCO Management acquires, renovates and manages affordable apartment communities for families and seniors with limited incomes in Tennessee and neighboring Southeastern states. Its portfolio focuses on older government-assisted housing, which it buys and rehabilitates through federal and state housing programs before operating the buildings as long-term affordable rentals. The company runs these communities on behalf of the owners and investors that finance them, handling leasing, rent collection, maintenance and resident relations, and it also manages some conventional market-rate apartment properties. ALCO was founded in 1974 and is headquartered in Memphis, Tennessee.

Company Size

201-500

Company Stage

N/A

Total Funding

N/A

Headquarters

Memphis, TN

Founded

1974

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Simplify's Take

What believers are saying

  • Reinvestment reaches tough sites: June 2026 reports covered ALCO's completed overhaul of long-troubled Greenbriar Apartments, home to 200-plus Memphis families.
  • Pay is posted openly: ALCO's remote-listed Regional Property Manager (Memphis) role lists $90,000 to $110,000 annually, plus incentives where eligible.
  • Family leadership continues: a December 2025 Memphis Chamber profile said founder's daughter Sarah Jemison would become ALCO's CEO January 1.

What critics are saying

  • Subsidy rules add compliance load: ALCO's Irish Apartments community manager must strictly follow federal Section 8 and tax credit requirements.
  • Maintenance leads carry emergency duty: ALCO's Greenbriar Lead Maintenance Technician posting makes the on-call rotation an essential job function.
  • Site manager base pay is modest: ALCO's Irish Apartments Community Manager role in McEwen, Tennessee, lists $18 to $20 hourly.

What makes ALCO Management unique

  • Rent is federally backed: residents at ALCO's subsidized properties typically pay 30% of income, and federal aid covers the rest.
  • Renovations come with long commitments: ALCO's rehab deals with Tennessee's housing agency keep rents affordable for 15 to 30 years.
  • Residents get support beyond housing: ALCO embeds service coordinators who connect tenants with job training, healthcare and education.

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