Regional Manager

Regional Manager roles at third-party management firms carry a different weight than in-house equivalents. You're accountable to ownership groups who expect NOI performance and accurate reporting, while simultaneously running the internal operations of a portfolio: hiring, coaching, compliance, leasing strategy, and capital planning. At Asset Living, one of the larger third-party operators in the country with an NMHC top 50 ranking, that dual accountability is the baseline expectation.

What This Role Covers

This is a full-portfolio oversight position based in San Diego. You'll carry responsibility across personnel management, financial performance, leasing strategy, and maintenance operations for a portfolio of multifamily communities. The financial side requires real fluency: developing annual operating budgets, writing monthly variance commentary on income and expense line items, monitoring vendor contracts and capex proposals, and keeping ownership reports accurate at closeout. NOI improvement isn't a background goal here. It's the primary metric, and you'll be expected to identify trends and adjust strategies proactively, not reactively.

On the personnel side, you'll screen, hire, train, and coach on-site staff, including Community Managers. That means handling performance documentation, working with HR on terminations when necessary, approving timesheets, and processing salary increase requests up the chain. The expectation is consistency: using company-standard techniques and benchmarks rather than improvising.

Leasing oversight includes building annual marketing plans, evaluating whether on-site teams are closing effectively, and developing resident retention programs. You'll also stay close to service request turnaround, property appearance, and emergency response protocols, all of which affect both resident satisfaction and liability exposure.

Skills Required vs. Skills Built

This role requires you to arrive with:

• Experience managing on-site teams across multiple properties
• Budget development and financial reporting skills, including variance analysis
• Working knowledge of fair housing guidelines and compliance documentation
• Comfort with vendor management, bidding processes, and capex oversight
• Demonstrated ability to handle performance management and HR processes correctly

What the role builds is different. Managing a portfolio for a third-party firm sharpens your ability to communicate financial performance to external ownership groups, which is a distinct skill from internal reporting. You'll also develop deeper fluency in the kind of portfolio-level pattern recognition that separates strong regionals from average ones: spotting delinquency trends early, reading T-3 and T-12 data side by side, and knowing when a property's leasing issues are a training problem versus a pricing problem.

The San Diego Context

San Diego's multifamily market carries high baseline rents and consistently tight occupancy, but operating costs and regulatory complexity are also high. Strong regionals here learn to manage the gap between strong gross revenue and compressed NOI carefully. Vendor relationships matter more in competitive markets where contractor availability tightens during peak make-ready seasons. If you're already operating in this market, that familiarity translates directly into value on day one.

Asset Living's portfolio spans multifamily, single-family rentals, affordable housing, build-to-rent, and student housing, so there's real breadth to grow into as the company expands. For a Regional Manager who performs well, the natural trajectory runs toward Senior Regional, Vice President of Operations, or specialty division leadership within a growing third-party platform.