Regional Manager

Third-party management at regional scale is a different discipline than in-house management. You're accountable to ownership groups, not a single asset sponsor, which means your ability to read a T-12, explain variance, and defend a budget recommendation to a client carries as much weight as your day-to-day operational oversight. Asset Living, one of the larger fee management organizations in the country and an NMHC top 50 firm, is hiring a Regional Manager to oversee a portfolio of communities in the Modesto, CA area.

Modesto sits in the Central Valley, where rent growth has been more measured than coastal California metros but renter demand remains steady given the relative affordability of the market. For a regional manager, that context matters: you're likely working with Class B and C garden-style communities where occupancy defense and delinquency management are real operational levers, not afterthoughts.

What This Role Actually Covers

The scope here is broad by design. You'll carry responsibility for the full operations stack across your portfolio: personnel, leasing performance, financial reporting, maintenance oversight, and compliance. On the people side, that means hiring and developing community managers, working through performance issues with appropriate documentation, approving timesheets, and collaborating with HR when terminations are necessary. Asset Living's structure means you'll also work closely with a Senior Vice President and route salary requests and counseling statements through that chain correctly.

Financially, you own NOI performance. That includes building annual operating budgets, providing written monthly variance explanations on income and expense lines that drift from budget, and flagging capex needs before they become deferred maintenance problems. You'll also monitor vendor contracts and large project proposals, and ensure property closeouts and ownership financial reports are accurate and on time. In fee management, client confidence lives and dies on that reporting cadence.

Leasing oversight includes developing annual marketing plans, coaching site staff on closing techniques and lease documentation, and building resident retention programs that reduce turn frequency. Make-ready timelines and service request responsiveness fall under your watch through regular property inspections and ongoing maintenance team direction.

What Separates Strong Candidates Here

• Prior regional experience in third-party or fee management, where you've presented financials directly to ownership groups
• Comfort managing Class B or C communities where operational discipline drives performance more than amenity packages
• A track record of developing community managers, not just supervising them
• Working knowledge of fair housing compliance at the portfolio level, not just the site level
• Ability to read delinquency trends early and adjust collections strategy before the month closes badly

Regional managers who thrive in third-party environments tend to be people who communicate clearly with ownership, hold site teams accountable without micromanaging, and treat the budget as a living document rather than an annual formality. If your background is primarily in-house with a single owner, the client-facing layer of this role will be a genuine adjustment worth preparing for.