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Affordable Housing Property Management Software


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AppFolio Property Manager logo
 
AppFolio provides cloud-based property management software that allows apartment, residential, commercial, student housing and community association property managers to market and manage their business. This solution includes accounting,... Read More
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AppFolio provides cloud-based property management software that allows apartment, residential, commercial, student housing and community association property managers to market and manage their business. This solution includes accounting,... Read More
 
Buildium logo
 
Buildium’s all-in-one property management software helps property managers streamline daily tasks in the rent, vacancy, and maintenance cycles. Over 13,000 customers use Buildium to manage over one 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 13,000 customers use Buildium to manage over one million units.
 
Rentec Direct logo
 
Rentec Direct serves as a web-based, full-featured management system for landlords and property managers that is designed to suit the needs of those managing properties between 25 and 5,000 units. Rentec has no startup fees, no term... Read More
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Rentec Direct serves as a web-based, full-featured management system for landlords and property managers that is designed to suit the needs of those managing properties between 25 and 5,000 units. Rentec has no startup fees, no term... Read More
 
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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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.
 
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

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Axxerion Property Management logo
 
Axxerion Property Management is an integrated suite of cloud-based property management and maintenance software designed keeping in mind small and mid-size property managers and owners. This suite helps property managers to automate... Read More
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Axxerion Property Management is an integrated suite of cloud-based property management and maintenance software designed keeping in mind small and mid-size property managers and owners. This suite helps property managers to automate... 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.
 
Innago Tenant and Property Management logo
 
Innago offers a cloud-based property management platform for landlords with small to midsize property portfolios. With Innago, users can collect rent, manage leases, collect signatures and manage tenants. Landlords can collect rent... Read More
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Innago offers a cloud-based property management platform for landlords with small to midsize property portfolios. With Innago, users can collect rent, manage leases, collect signatures and manage tenants. Landlords can collect rent... Read More
 
iRent logo
 
iRent is a cloud-based property management solution for small and midsize property managers. Key features include tenant management, billing and financial management, role-based system access and work order management. iRent includes... Read More
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iRent is a cloud-based property management solution for small and midsize property managers. Key features include tenant management, billing and financial management, role-based system access and work order management. iRent includes... Read More
 
Domum Link logo
 
Domum Link is a cloud-based property management solution suitable for businesses of all sizes. Key features include lease management, employee management, building maintenance, automated listing postings, tenant communication and reporting... Read More
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Domum Link is a cloud-based property management solution suitable for businesses of all sizes. Key features include lease management, employee management, building maintenance, automated listing postings, tenant communication and reporting... Read More

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OneSite logo
 
RealPage's OneSite Property Management software is designed to assist with all tasks associated with the tenant life cycle, including lease and document management and tenant management and accounting capabilities.
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RealPage's OneSite Property Management software is designed to assist with all tasks associated with the tenant life cycle, including lease and document management and tenant management and accounting capabilities.
 
Re-Leased logo
 
Re-Leased is a cloud-based commercial property management solution. Key features include accounting, portfolio management, tenant communication, inspections, document storage and compliance management. The solution integrates with... Read More
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Re-Leased is a cloud-based commercial property management solution. Key features include accounting, portfolio management, tenant communication, inspections, document storage and compliance management. The solution integrates with... Read More
 
Yardi Voyager logo
 
Yardi Voyager is a cloud-based property management and accounting platform for both commercial and residential entities. This software is designed for small portfolio real estate owners as well as large enterprises. Yardi Voyager... Read More
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Yardi Voyager is a cloud-based property management and accounting platform for both commercial and residential entities. This software is designed for small portfolio real estate owners as well as large enterprises. Yardi Voyager... 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
 
TenantCloud logo
 
TenantCloud is a cloud-based property management system designed to meet the needs of landlords, property managers and real estate professionals. The system offers property management, tenant management, accounting management and marketing... Read More
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TenantCloud is a cloud-based property management system designed to meet the needs of landlords, property managers and real estate professionals. The system offers property management, tenant management, accounting management and marketing... Read More

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Entrata logo
 
Entrata is a cloud-based property management solution that features property accounting, facilities management and resident management. The solution includes invoice creation, vendor management, bank reconciliation, lead management,... Read More
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Entrata is a cloud-based property management solution that features property accounting, facilities management and resident management. The solution includes invoice creation, vendor management, bank reconciliation, lead management,... 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
 
RemoteLandlord logo
 
RemoteLandlord is a cloud-based property management solution that helps property managers and accountants with facility maintenance, lead tracking, bank reconciliation, cash receipts, maintaining a general ledger and more. It also... Read More
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RemoteLandlord is a cloud-based property management solution that helps property managers and accountants with facility maintenance, lead tracking, bank reconciliation, cash receipts, maintaining a general ledger and more. It also... Read More
 
Rentmoji logo
 
Rentmoji is a cloud-based property management solution designed for small and midsize businesses. It offers lead management, tenant screening, a tenant portal, online payments, document storage and vacancy tracking functionalities... Read More
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Rentmoji is a cloud-based property management solution designed for small and midsize businesses. It offers lead management, tenant screening, a tenant portal, online payments, document storage and vacancy tracking functionalities... Read More
 
Pendo logo
 
Pendo is a cloud-based rental property management solution designed for small and midsize landlords and property managers. The solution enables users to oversee property portfolios, self-screen potential tenants, create digital leases,... Read More
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Pendo is a cloud-based rental property management solution designed for small and midsize landlords and property managers. The solution enables users to oversee property portfolios, self-screen potential tenants, create digital leases,... Read More
 

Buyer's Guide

by Taylor Short,
Market Research Associate
Last Updated: June 1, 2018


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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