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Regional Asset Director

Sunrise Management is a growing Multi-Family Apartment Management company seeking a Regional Asset Director to oversee multiple properties, ensuring financial performance and team development.

Skills

  • Property management experience
  • Financial acumen
  • Effective communication
  • Team leadership
  • Market analysis

Responsibilities

  • Supervise the operation of multiple property portfolios
  • Lead and mentor a team of Regional Real Estate Managers
  • Analyze properties for investment and management
  • Produce financial reports and ensure maximal property performance
  • Implement marketing and management plans for properties

Education

  • Active CA Real Estate License
  • Ten years of property management experience
  • CPM designation highly desired

Benefits

  • Medical, Dental, and Vision Insurance
  • Life Insurance
  • Paid Time-Off/Holidays
  • 401(k) Retirement Plan
  • Employee Assistance Program
To read the complete job description, please click on the ‘Apply’ button
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CEO of Sunrise Management
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Joe Greenblatt
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Average salary estimate

$140000 / YEARLY (est.)
min
max
$130000K
$150000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Regional Asset Director, Sunrise Management

If you're ready to elevate your career in property management, look no further than the exciting opportunity as a Regional Asset Director with Sunrise Management in Northern California. At Sunrise Management, we pride ourselves on providing a Positive Living Experience, all while maintaining a strong commitment to integrity and service. In this key role, you'll oversee the operation of multiple property portfolios, leveraging your leadership skills to guide a talented team of Regional Real Estate Managers, Assistant Regional Real Estate Managers, and support staff. You'll be deeply involved in financial oversight, marketing strategies, and directly managing the properties to align with our clients' real estate investment goals. Your experience in third-party property management and a passion for developing dynamic teams will be essential as you help foster a culture of excellence and clear communication. Collaboration is at the core of this role, as you’ll work closely with marketing associates to present compelling proposals while maximizing income and controlling expenses across properties. Functional skills like budgeting, financial reporting, and deep knowledge of landlord/tenant laws in California are crucial. If you have a knack for recruiting top talent and excel in coaching and development, you'll thrive in our supportive framework. This position offers a competitive salary range from $130,000 to $150,000, along with robust benefits that prioritize your health and retirement. If you’re located in Northern California and ready to lead with confidence, this is the place for you! Join us at Sunrise Management and help shape the future of residential hospitality!

Frequently Asked Questions (FAQs) for Regional Asset Director Role at Sunrise Management
What are the responsibilities of a Regional Asset Director at Sunrise Management?

As a Regional Asset Director at Sunrise Management, you will manage multiple property portfolios, oversee financial operations, and lead a team of Regional Real Estate Managers. You'll ensure effective communication with clients, prepare marketing plans and budgets, and work towards maximizing property performance in alignment with investment goals. Your role includes recruitment, performance reviews, and fostering a culture of excellence within the team.

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What qualifications are required for the Regional Asset Director position at Sunrise Management?

To qualify for the Regional Asset Director position at Sunrise Management, candidates must possess an active CA Real Estate License, substantial property management experience (a minimum of 10 years, including 5 years in a regional management role), and familiarity with property management systems like Yardi or AppFolio. A CPM designation is highly desirable.

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What is the salary range for the Regional Asset Director role at Sunrise Management?

The salary range for the Regional Asset Director position at Sunrise Management is between $130,000 and $150,000, depending on experience. This competitive compensation package reflects our commitment to attracting top talent in the property management industry.

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What benefits does Sunrise Management offer for the Regional Asset Director position?

Sunrise Management offers a comprehensive benefits package for the Regional Asset Director position, including medical, dental, and vision insurance, paid time off and holidays, a 401(k) retirement plan, and a robust Employee Assistance Program. We strive to create a supportive environment for our employees.

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How does the Regional Asset Director at Sunrise Management contribute to team management?

The Regional Asset Director at Sunrise Management plays a crucial role in team management by mentoring and developing Regional Real Estate Managers and Property Administrators. This leader recruits talent, manages performance reviews, and fosters an environment where team members can thrive and achieve their professional goals.

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Common Interview Questions for Regional Asset Director
What strategies would you implement to maximize property performance as a Regional Asset Director?

To maximize property performance, I would focus on analyzing current market trends to adjust rental rates accordingly, implement targeted marketing strategies to increase occupancy rates, and closely monitor financial performance to identify areas for cost savings. Communication with team members and clients is also key to addressing any concerns proactively.

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Can you describe your experience with financial reporting and budgeting in property management?

I have extensive experience with financial reporting and budgeting, which includes preparing monthly reports, analyzing financial performance, and developing budgets for each property. I ensure that financial objectives are aligned with client goals and that all reports address any specific concerns raised by clients.

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How do you handle recruitment and team development as a Regional Asset Director?

My approach to recruitment involves emphasizing the importance of cultural fit while attracting high-quality candidates. Once on board, I prioritize ongoing development through regular coaching sessions, performance reviews, and creating opportunities for team members to achieve their professional goals within the organization.

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What do you consider the most challenging aspect of being a Regional Asset Director?

One of the most challenging aspects of being a Regional Asset Director is balancing the needs of multiple properties while ensuring consistent communication with clients. It requires strong prioritization and time management skills, along with the ability to adapt to any unforeseen challenges that may arise in property management.

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How familiar are you with California’s landlord/tenant laws, and how do they affect property management?

I am very familiar with California’s landlord/tenant laws, which are critical in maintaining compliance and protecting the interests of both residents and property owners. Staying informed of any legislative changes helps me advise my team effectively and ensures that we operate within legal parameters.

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What marketing strategies would you use to promote properties in your portfolio?

I would implement various marketing strategies, including online listings, social media promotion, and community engagement initiatives. Additionally, I would ensure that property websites are optimized for search engines, and I'd coordinate with the marketing team to create targeted advertising campaigns that resonate with potential tenants.

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Describe a successful project you managed in a previous position.

In a previous position, I managed a project to revamp the leasing strategy for a property with declining occupancy rates. I analyzed market trends, adjusted rental rates, and enhanced our marketing efforts, leading to a 20% increase in occupancy within six months.

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How do you ensure effective communication within your team?

To ensure effective communication within my team, I prioritize regular check-ins, set clear expectations, and foster an open-door policy. I also use collaborative tools to keep everyone informed about projects, deadlines, and updates to facilitate seamless communication.

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What role does technology play in property management, and how do you utilize it?

Technology plays a significant role in property management, from accounting and reporting tools to tenant relationship management systems. I utilize property management software to streamline operations, enhance communication with tenants, and ensure effective financial tracking and reporting.

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How would you approach a property that is consistently underperforming financially?

I would begin by conducting a thorough analysis of the underperforming property to identify the root causes—such as high vacancy rates or excessive expenses. Then, I would revise the marketing strategy, adjust rental rates if needed, and collaborate with the site team to improve tenant experience and retention.

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At Sunrise Management we aspire to establish a top-tier role in the multifamily industry through a people-centric culture of hospitality, trust, innovation and respect that inspires loyalty and delivers a positive living experience to our resident...

15 jobs
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VIEW MATCH
FUNDING
DEPARTMENTS
SENIORITY LEVEL REQUIREMENT
TEAM SIZE
SALARY RANGE
$130,000/yr - $150,000/yr
EMPLOYMENT TYPE
Full-time, on-site
DATE POSTED
February 17, 2025

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