Asset Manager

About ARK Homes for Rent

ARK Homes for Rent owns and operates build-to-rent (BTR) communities and scattered-site single-family rental (SFR) portfolios across Sun Belt markets. The portfolio is held through multiple investment entities with institutional capital partners and a range of lenders. ARK’s Asset Management group is the platform’s command center.

The role

The Asset Manager is the first seat in the group that owns assets. You will run a defined set of BTR communities and SFR pools end to end: business plan, budget, pricing, lease-up or stabilization, capex, lender deliverables, and property-manager performance. You will answer for their NOI against plan.

Key responsibilities

Asset ownership

1. Own business plans for an assigned sub-portfolio.
2. Lead the monthly asset review for your assets: NOI versus budget, leasing, renewals, delinquency, opex, capex, and covenants. Bring decisions, not just data.

Revenue and leasing

1. Set market rents, renewal offers, and concession campaigns within ARK’s pricing authority.
2. Prepare concession approval requests with occupancy, available-home mix, and competitor concessions.
3. Manage lease-ups to underwritten absorption and net effective rent.
4. Stage lease expirations to fit leasing season and disposition plans, and make sure homes flagged for sale are not renewed.

Property management oversight

1. Run weekly accountability calls with on-site teams and third-party property managers.
2. Track the PM scorecard: occupancy, days vacant, make-ready time, collections, work orders, and resident satisfaction.
3. Enforce delegated-authority limits and escalate exceptions.
4. Visit assets regularly to inspect homes, amenities, and turn quality.

Budget, capex, and reserves

1. Build and defend annual budgets and reforecasts for your assets, and approve spending within budget.
2. Track capex and reserve draws separately from the operating budget.
3. Drive property-tax appeals and insurance reviews with the relevant teams, and reflect the outcomes in forecasts.

Debt, reporting, and dispositions

1. Monitor covenants on assigned loans monthly, and flag thinning cushions early.
2. Draft asset-level LP updates and portfolio-review materials.
3. Execute dispositions for your assets: BPOs, broker coordination, renewal pullbacks, listing strategy, and post-sale comparison to underwriting and BPO.

Other responsibilities

1. Support acquisitions and IC with underwriting reviews, diligence, and onboarding new assets into asset management.
2. Lead or support special projects, such as property manager transitions, system rollouts, and reporting upgrades.
3. Answer ad hoc requests from leadership, LPs, and lenders with accurate, sourced analysis on short timelines.
4. Partner with Finance, Capital Markets, Operations, and Legal on cross-functional initiatives.
5. Improve the group’s processes, templates, and controls, including AI-assisted workflows.
6. Other duties as assigned.

Qualifications

Required

1. Bachelor’s degree in Finance, Real Estate, Economics, Accounting, or a related field.
2. 4–6 years in real estate, including 1–2 years in asset management, portfolio management, or operations with P&L accountability.
3. SFR, BTR, or multifamily experience.
4. Advanced Excel modeling: budgets, reforecasts, DCF and IRR, and covenant math.
5. Hands-on knowledge of how leasing, renewals, turns, delinquency, and R&M flow through to NOI.
6. A record of directing property managers or on-site teams to results.
7. Working knowledge of loan documents and investor reporting.

Preferred

1. Lease-up experience on new-construction BTR or multifamily communities.
2. Experience overseeing third-party property managers.
3. Yardi, Power BI, and revenue management tools.