Area Manager, Affordable Housing

About the role

Overview

Asset Living is a third-party management firm dedicated to fostering thriving communities across the nation. Founded in 1986, the company has grown from a small property management firm into one of the most trusted partners in real estate through decades of experience and a passion for excellence. Asset Living's portfolio spans multifamily, single-family rentals, affordable housing, build-to-rent, active adult, and student housing sectors. The organization is recognized as one of the nation's Best and Brightest Places to Work and is ranked within the NMHC top 50 professionals. Asset Living is a member of The Institute of Real Estate Management (IREM) and holds Accredited Management Organization (AMO) status. The company culture emphasizes unity, continuous improvement, and shared leadership, with growth opportunities rooted in collective success.

Position Summary

The Area Manager, Affordable Housing is responsible for overseeing the full operations of multiple multifamily housing communities under the supervision of the Regional Manager. This role owns the complete performance lifecycle of each community, from initial review to final delivery, shaping resident experience and driving consistent financial outcomes. The position is based in Folsom, California, as a full-time engagement with an annual compensation of $75,000 and requires three to five years of relevant experience.

Key Responsibilities

Personnel management forms a core part of the role, including screening, hiring, training, coaching, and developing on-site staff in alignment with company standards. The Area Manager ensures staff effectiveness through ongoing coaching, counseling, and guidance while maintaining compliance with Asset Living training benchmarks. Weekly and daily office and maintenance staff schedules must be coordinated to guarantee coverage across all sites. Performance issues are handled through thorough documentation, clear communication with Regional Management, HR, and appropriate termination processes when necessary. The manager promotes harmony and high performance by fostering a supportive, results-driven environment.

Financial oversight is another critical function, requiring the achievement of the highest possible net operating income through disciplined cost control and strategic leasing improvements. The Area Manager develops yearly operating budgets and forecasts, monitors large project proposals, and reviews contracts for accuracy prior to approval. Vendor invoice receipt, reconciliation, and coding must be monitored and approved with precision to maintain financial integrity. The role also ensures timely property closeout and the accuracy of ownership financial reports.

Operational coordination includes managing leasing, maintenance, and administrative workflows to ensure seamless community functioning. The Area Manager collaborates closely with regional managers, HR departments, and vendors to align objectives and resolve issues proactively. Adherence to company policies and compliance with regulatory standards is mandatory across all activities.

Required Qualifications

Candidates must demonstrate three to five years of experience managing personnel, finances, and multifamily operations. The ability to oversee budgets, forecasts, and net income targets for multiple sites is essential. Strong skills in coordinating cross-functional workflows such as leasing, maintenance, and administration are required. Effective communication with internal stakeholders and external partners is a non-negotiable expectation. A high standard of compliance with company policies, training programs, and quality benchmarks must be maintained at all times.

Professional Attributes

Success in this position depends on leadership that balances empathy with accountability. The Area Manager should be self-motivated, detail-oriented, and capable of managing competing priorities in a dynamic environment. Problem-solving abilities, sound judgment, and a commitment to continuous improvement align with Asset Living's values. The role offers opportunities for professional growth within a supportive, values-driven organization that prioritizes unity and shared achievement.

Application Process

Interested candidates are encouraged to Asset Living maintains an equal opportunity employment policy and welcomes diverse talent to strengthen its nationwide community presence. This position represents a chance to contribute to a recognized industry leader while advancing personal leadership goals within a trusted real estate management firm.

What you'll do

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