Regional Manager

Third-party management at scale creates a specific kind of regional role. Asset Living operates fee management across multifamily, single-family rentals, affordable housing, build-to-rent, and student housing, which means a Regional Manager here isn't overseeing one asset class or one owner. You're accountable to multiple clients, multiple property types, and a team spread across sites, all at once. That breadth is both the challenge and the draw.

What This Role Actually Covers

The short version: you run a portfolio. The longer version is that you're responsible for every function that touches that portfolio, from hiring and coaching on-site Community Managers to reviewing monthly financials and making sure NOI is moving in the right direction. You'll develop yearly operating budgets, write monthly variance explanations for income and expense lines that run over, and flag capex needs before they become emergencies. You'll also review and approve all salary requests, timesheets, and personnel actions across your sites.

On the leasing side, you'll build annual marketing plans, monitor traffic and closing rates, and step in when a site's occupancy or delinquency trends start heading the wrong direction. You're not doing the leasing yourself, but you're accountable for the results. If a site's staff isn't converting leads or following up properly, that's your problem to diagnose and fix.

Maintenance and administrative oversight are part of the job too. You'll conduct regular property inspections, keep an eye on service request turnaround times, review vendor bids and contracts for larger projects, and make sure financial close-out is completed accurately and on time for ownership reporting.

Who Fits This Role

• Proven experience managing a multifamily portfolio as a regional or area manager
• Solid financial fluency: budget development, variance analysis, NOI management
• Experience hiring, coaching, and when necessary, separating on-site staff through proper documentation and HR process
• Working knowledge of fair housing law and risk management responsibilities
• Ability to manage multiple ownership relationships with different reporting expectations
• Comfortable operating offsite from the properties you oversee

What separates strong candidates from average ones in a third-party management regional role is the ability to context-switch quickly. Your properties won't all have the same owner, the same asset class, or the same performance challenges. A regional who thrives here can read a T-12, shift to a delinquency conversation, then get on a call with an owner about a capex proposal, all in the same afternoon, without losing the thread on any of them. Candidates who've only managed a single-owner portfolio sometimes underestimate how much of this role is relationship management alongside operations.

This position is based in Sacramento, CA and reports into senior leadership. Asset Living holds IREM's Accredited Management Organization designation, which signals a baseline of operational standards you'll be expected to uphold and reinforce across your portfolio.