Asset Manager

Omninet Capital•Dallas, TX

About The Position

Omninet Capital is seeking an experienced, commercially minded Asset Manager to drive financial performance and value creation across its multifamily portfolio. The role owns asset business plans, budgets, revenue strategy oversight, market intelligence, and actionable performance insights for existing properties and new acquisitions. Working with Acquisitions, Finance, Regional Managers, and onsite teams, the Asset Manager leads asset strategy discussions, translates market and property-level data into decisions, and drives improvements in occupancy, rental revenue, net operating income (NOI), and long-term asset value. The position is based in Dallas, Texas, and requires travel to properties up to 25% of the time.

Requirements

5–10 years of progressive experience in multifamily asset management, revenue management, acquisitions, or closely related real estate functions, including substantial hands-on responsibility for asset-level financial performance.
Demonstrated experience owning property budgets, business plans, and NOI performance across multiple multifamily assets.
Strong knowledge of multifamily operations, leasing economics, occupancy management, concessions, renewal strategy, and capital planning.
Advanced Excel and financial modeling skills, including cash flow and return analysis.
Strong business judgment, executive communication, stakeholder influence, and ability to coach property teams without direct reporting authority.
Ability to travel to properties up to 25% of the time.
Comfort using AI and automation tools responsibly, including validating outputs and applying sound commercial judgment.

Nice To Haves

Familiarity with multifamily revenue management platforms such as YieldStar/AIRM, LRO, or comparable systems.
Working knowledge of Yardi and EliseAI.
Experience with Power BI or similar tools; SQL is a plus.
Experience supporting acquisitions, lease-ups, repositioning, or asset stabilization.

Responsibilities

Own asset-level business plans for assigned properties, including annual operating budgets, capital plans, and NOI targets, and hold property leadership accountable for them.
Oversee rental pricing strategy by property, floor plan, unit type, and renovation level to balance occupancy, leasing velocity, and rent growth.
Monitor renewal and retention strategy, including lease expirations, exposure, and revenue impact.
Evaluate concessions and promotions and direct timely adjustments based on performance and market conditions.
Identify and implement ancillary revenue opportunities, including parking, laundry, technology fees, and other income streams.
Partner with Acquisitions and Operations on underwriting, due diligence, market rent assumptions, and Year 1 business plans.
Develop strategies for new acquisitions, lease-ups, repositioning, and stabilization, including value-add renovation programs, amenity premiums, and ancillary income.
Identify underperforming assets and develop actionable performance improvement plans with property leadership.
Oversee market surveys and competitive sets, including competitor outreach and property visits.
Analyze rent comparables, new supply, demand, employment trends, and submarket dynamics to inform asset strategy and pricing decisions.
Anticipate market shifts and communicate risks and opportunities with recommended actions.
Own asset-level financial models, dashboards, forecasts, and recurring portfolio and investor reporting, translating results into clear recommendations for leadership.
Monitor occupancy, effective rents, lease trade-outs, renewal conversion, concessions, operating expenses, and NOI growth.
Lead monthly asset performance reviews and own budget variance analysis, reforecasts, capital expenditure prioritization, and hold/sell recommendations.
Establish portfolio asset management standards, reporting procedures, controls, and best practices.
Coach Regional Managers and onsite teams on budget, pricing, and business plan execution.
Leverage AI, automation, and analytics to strengthen forecasting, streamline reporting, and improve decision-making.
Travel to properties up to 25% of the time.