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Affordable Housing Property Management Software


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Buildium logo
 
Buildium’s all-in-one property management software helps property managers streamline daily tasks in the rent, vacancy, and maintenance cycles. Over 10,000 customers use Buildium to manage over three-quarters-of-a-million units.
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Buildium’s all-in-one property management software helps property managers streamline daily tasks in the rent, vacancy, and maintenance cycles. Over 10,000 customers use Buildium to manage over three-quarters-of-a-million units.
 
AppFolio Property Manager logo
 
We like that AppFolio was built by the founders of Citrix GoToMeeting. Vacancy ads, resident screening, online resident applications, ratio utility billing and automatic data migration are just a few of the many features offered.
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We like that AppFolio was built by the founders of Citrix GoToMeeting. Vacancy ads, resident screening, online resident applications, ratio utility billing and automatic data migration are just a few of the many features offered.
 
Rentec Direct logo
 
From tenet screening and accounting to posting online vacancies, Rentec Direct helps property managers stay in compliance. Other features include a tenant portal, records management, work order tracking, and check printing.
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From tenet screening and accounting to posting online vacancies, Rentec Direct helps property managers stay in compliance. Other features include a tenant portal, records management, work order tracking, and check printing.
 
Propertyware logo
 
Integrating accounting and property management functions is critical for affordable and public housing compliance. Propertyware helps track your properties with tools like visual dashboards and portfolio summaries.
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Integrating accounting and property management functions is critical for affordable and public housing compliance. Propertyware helps track your properties with tools like visual dashboards and portfolio summaries.
 
MRI Residential Management logo
 
MRI Residential Management is a multi-family solution offering tools to simplify complex needs when managing property. Offering auditable accounting tools and Workspeed, which offers workflow automation and wireless communication.
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78%
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MRI Residential Management is a multi-family solution offering tools to simplify complex needs when managing property. Offering auditable accounting tools and Workspeed, which offers workflow automation and wireless communication.

Call us for a free FastStart Consultation: (844) 688-1783


 
ResMan logo
 
ResMan is a cloud-based property management suite best suited for large and midsize companies in the multi-family industry. Key features include rent, leasing and budget management, portfolio management and lead management. The ResMan... Read More
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ResMan is a cloud-based property management suite best suited for large and midsize companies in the multi-family industry. Key features include rent, leasing and budget management, portfolio management and lead management. The ResMan... Read More
 
Yardi Genesis2 logo
 
Yardi Genesis2 is property management and accounting software for small to mid-size businesses. This cloud-based solution allows property managers to market, lease and manage many different property types from a single, mobile platform.  This... Read More
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Yardi Genesis2 is property management and accounting software for small to mid-size businesses. This cloud-based solution allows property managers to market, lease and manage many different property types from a single, mobile platform.  This... Read More
 
MRI Bostonpost logo
 
Specializing in affordable housing, Bostonpost Technology's Property Manager, is a Web-based or hosted property management system. This product streamlines compliances and finances to track and automate reporting.
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Specializing in affordable housing, Bostonpost Technology's Property Manager, is a Web-based or hosted property management system. This product streamlines compliances and finances to track and automate reporting.
 
PropertyBoss logo
 
PropertyBoss is a property management solution for mid-sized to large property managers. The software caters to managers of affordable housing units, apartment complexes, manufactured housing, military housing, residential, self-storage,... Read More
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PropertyBoss is a property management solution for mid-sized to large property managers. The software caters to managers of affordable housing units, apartment complexes, manufactured housing, military housing, residential, self-storage,... Read More
 
Landport logo
 
Landport streamlines communication between property managers and tenants by providing a secure, online portal to submit maintenance requests. Managers can also track and schedule work orders through the system's calendar feature.
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Landport streamlines communication between property managers and tenants by providing a secure, online portal to submit maintenance requests. Managers can also track and schedule work orders through the system's calendar feature.

Call us for a free FastStart Consultation: (844) 688-1783


 
TenantCloud logo
 
TenantCloud is a free Web-based property management system designed to meet the needs of landlords, property managers and real estate professionals. The system offers property management, tenant management, marketing functionality... Read More
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TenantCloud is a free Web-based property management system designed to meet the needs of landlords, property managers and real estate professionals. The system offers property management, tenant management, marketing functionality... Read More
 
LandlordTracks logo
 
LandlordTracks is a cloud-based property management suite suitable for residential, commercial and corporate housing. Key features include automatic rent collection and owner disbursements, automatic vacancy listings, background checks,... Read More
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LandlordTracks is a cloud-based property management suite suitable for residential, commercial and corporate housing. Key features include automatic rent collection and owner disbursements, automatic vacancy listings, background checks,... Read More
 
Quicken Rental Property Manager logo
 
Quicken Rental Property Manager is a rental property and personal finance management tool that enables users to track tenant information, manage income and finances and track expenses. The solution is suitable for businesses of all... Read More
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Quicken Rental Property Manager is a rental property and personal finance management tool that enables users to track tenant information, manage income and finances and track expenses. The solution is suitable for businesses of all... Read More
 
Tikkit logo
 
Tikkit is a cloud-based property management software solution specializing in building maintenance, along with budgeting and forecasting. Key features include work order management, vendor management and a tenant help center. The... Read More
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Tikkit is a cloud-based property management software solution specializing in building maintenance, along with budgeting and forecasting. Key features include work order management, vendor management and a tenant help center. The... Read More
 
TrueRent logo
 
TrueRent is a cloud-based property management solution designed for use by owners, third-party property managers, tenants and applicants. It helps users manage tenants and accounts as well as track and analyze the financial performance... Read More
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TrueRent is a cloud-based property management solution designed for use by owners, third-party property managers, tenants and applicants. It helps users manage tenants and accounts as well as track and analyze the financial performance... Read More

Call us for a free FastStart Consultation: (844) 688-1783


 
ProLease logo
 
ProLease is a cloud-based lease administration and property management solution designed for multi-location tenant profiles that offers lease accounting, equipment leasing, maintenance management and project management functionalities... Read More
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ProLease is a cloud-based lease administration and property management solution designed for multi-location tenant profiles that offers lease accounting, equipment leasing, maintenance management and project management functionalities... Read More
 
Property Meld logo
 
Property Meld is a cloud-based property management software solution specializing in property management maintenance. It is suitable for properties that have at least 20 units. Property Meld lets users schedule maintenance. There... Read More
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Property Meld is a cloud-based property management software solution specializing in property management maintenance. It is suitable for properties that have at least 20 units. Property Meld lets users schedule maintenance. There... Read More
 
Smart Property Systems logo
 
Smart Property Systems is a Web-based property management system designed for landlords, real estate investors, property management companies and managers of student or employee housing. It offers accrual accounting features, tenant... Read More
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Smart Property Systems is a Web-based property management system designed for landlords, real estate investors, property management companies and managers of student or employee housing. It offers accrual accounting features, tenant... Read More
 
Infor Property Management logo
 
AMSI's Evolution Version 7 is a Web-based solution that offers sophisticated features, while still being user-friendly. This is a great option for property managers with a diverse portfolio including affordable housing.
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AMSI's Evolution Version 7 is a Web-based solution that offers sophisticated features, while still being user-friendly. This is a great option for property managers with a diverse portfolio including affordable housing.
 
Infor Property Management logo
 
We recommend Infor AMSI to property owners and managers that need an integrated solution with budgeting and forecasting, tenant and lease tracking, customer management and more. Available as a "cloud" or on-premise system.
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We recommend Infor AMSI to property owners and managers that need an integrated solution with budgeting and forecasting, tenant and lease tracking, customer management and more. Available as a "cloud" or on-premise system.
 

Buyer's Guide

by Taylor Short,
Market Research Associate
Last Updated: April 26, 2017


Property managers who lease to people under Housing and Urban Development’s (HUD) Housing Choice Voucher programs have additional needs above and beyond those typical of most rental properties. In addition to the normal tenant and lease administration features, managers in the affordable housing sector must manage tenant compliance with HUD requirements.

Common Features of Affordable and Public Housing Software
Benefits of Affordable and Public Housing Software

Common Features of Affordable and Public Housing Software

Funding programs Including Section 8 and Section 236, there are several affordable housing options. So, it’s a good idea to select a program that has the specific program(s) you need. Some programs offer support for layered funding, allowing the user to manage multiple programs simultaneously.
EIV integration Effectively managing the different funding programs means making it easy for users to establish compliance with the current HUD, TRACS, Rural Development and other regulatory standards. Integration with the Enterprise Income Verification (EIV) System and the PIH Information Management System allows the housing agencies to submit information automatically to HUD, drastically reducing the time spent on managing paperwork and bureaucracy.
Audit trail With government reimbursements on the line, it’s extra critical to maintain a trail of voucher and certification reporting to ensure that no valuable information is lost.

Benefits of Affordable and Public Housing Software

Here are some of the commonly known benefits of using this software:

Quick and easy tenant and lease tracking: Providers of affordable and public housing deal with a number of tenants and have to manage all their documentation, such as IDs, rent agreements, contracts and other lease documents, as well. An affordable and public housing solution allows property owners to store tenant-related details and lease documentation in a central location, whether it is on-premise or in the cloud. Some solutions also offer email and text messaging features to communicate with tenants, owners and vendors using the software. It also sends automated reminders so that owners stay updated if their leases are about to expire.

Set building maintenance reminders: Property owners are required to undertake maintenance in between tenant move-outs. They also need to perform seasonal maintenance jobs, such as fixture repairs and cleaning, as part of the property upkeep. This becomes a huge challenge for an owner or property manager who has a large number of housing units to track and maintain.

Housing management software allows users to record their maintenance tasks in a single location. It also helps manage the work orders of the maintenance staff. Users can view all the properties that require maintenance and allocate resources as per requirement. The software also sends automated reminders if the maintenance tasks haven’t been completed by the due date.

Ensure accurate property accounting: Businesses need accurate accounting reports to make decisions and measure their performance. These reports include general ledger, accounts payable, accounts receivable, sales tax and employee payroll. Owners who manage multiple properties often find it challenging to maintain all the rent receipts, maintenance costs, asset costs and employee payroll that are needed to prepare accurate reports.

Housing management software allows businesses to store all this information in the company database. With real-time availability of rent and expense information, users can create accurate reports by exporting data from the database. Some of the products in the market also offer integrated accounting, which further eases the process of accounting. These systems can directly pull data from the company database and use that to prepare standard accounting reports.

Automatic rent tracking: Property managers managing multiple properties need to track rent from different sources. More often than not, tenants request to be shifted from one property to another. In this case, matching the correct rent information and contracts for different apartments becomes a challenge. Property managers who do not use a housing management system face the risk of delayed or no rent payments, which can ultimately result in revenue loss.

A housing management solution helps property managers maintain records of all the tenants and their rent information in a single location. Many housing management products can send automatic reminder texts and emails to tenants with their rent amount and due date. In case of payment delays, the software can also calculate late payment fees and send notification to owners. HUD property managers can benefit from the Housing Assistance Payments (HAP) voucher functionality, which enables users to accurately calculate rent based on the subsidies under Section 8 of the Tenant-Based Assistance Housing Choice Voucher Program.

Ease of online payments: This functionality is gaining popularity in the market as more and more tenants are moving from paper checks to online rent payments. Without an online payments system in place, it becomes a hassle to manage online transactions from different tenants in differing amounts. A housing management software solution allows property managers to create payment portals that have online and card payment functionalities. Tenants can log in to their profiles and make online payments. The payment information is available with the property owners and enables them to track the tenants who have defaulted on their rent payments.

Housing scheme management: Some software in the market allow users to manage tenants under multiple housing schemes, such as section 8 and section 236. This functionality enables users to submit all the required documentation, such as leases, mail merged letters and blank verification forms, online. The software also checks if the tenant details are compliant with HUD regulations and calculates the applicable vouchers for rent reimbursements. The software also calculates rent based on the applicable vouchers and submits the voucher information back to the government authority.

Compliance management: Affordable and public housing property owners need to manage plenty of compliances and government regulations. These documents include background check, IDs, leases, contracts and rent agreements. In addition, the affordable and public housing companies also need to manage HUD documentation and housing scheme documentation (such as section 8 and section 236 forms). All these documents are required at the time of inspections and to create audit trails. A housing management solution provides an easy way to store all the documentation in a single location. Property managers only need to scan these documents and upload them so that they can be accessed later at any time.

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