What is Affordable Housing Property Management Software?
Definition and purpose of affordable housing property management software
- Affordable housing property management software is a digital tool designed to organize and automate property operations for affordable housing.
- It centralizes tasks into a single tool, allowing property managers to complete tasks faster and provide a better resident experience.
- The functions of property management software include automating duties, streamlining workflows, and eliminating certain tasks entirely.
Importance of using software for affordable housing management
- Affordable housing software helps properties operate more effectively by automating duties and streamlining workflows in a single platform.
- It offers benefits such as improved efficiency, reduced costs, and enhanced resident experience.
- Automating physical security is also beneficial for affordable housing properties.
Benefits of implementing affordable housing property management software
- Manage affordable housing and market-rate units with ease using a powerful, all-in-one property management solution.
- Streamline processes, track rent schedules, and administrative tasks with ease.
- Handle accounting and reporting responsibilities with ease.
- Automate tasks to save time and focus on residents.
Key Features of Affordable Housing Property Management Software
Property Program Management & Reporting
- Manage Low Income Housing Tax Credit (LIHTC) and HUD properties on a centralized platform.
- Define and update unit set-asides, buildings, income limits, rent limits, and utility allowances with ease.
- Attach HUD Contracts directly to properties and monitor compliance with enhanced reporting capabilities.
- Maintain a single system of record for all property information.
Centralized Data Management
- Bring program, investment, and financial data into one accessible hub.
- Reduce errors and maintain accuracy.
- Never lose track of critical information.
- Accessible data for better decision-making.
Compliance Management & Consulting
- Automate compliance for HUD Multi-Family, Tax Credit, HOME, and USDA Rural Development.
- Simplify the resident certification process and submit data with ease to TRACs and MINC.
- Automate compliance for multiple subsidy types or mixed portfolios.
- Reduce errors and maintain accuracy.
Top Affordable Housing Property Management Software Options
Overview of top software options
- The six best property management software solutions for affordable housing are:
- ButterflyMX
- Buildium
- Yardi Breeze
- DoorLoop
- AppFolio
- Innago
Comparison of features and pricing
- Each software option has its unique features and pricing plans.
- Compare the features and pricing of each software option to determine the best fit for your needs.
Examples of software options (e.g. ButterflyMX, Buildium, Yardi Breeze)
- ButterflyMX’s front desk station allows you to simplify property management by logging guest visits and verifying guest permissions.
- Buildium is a cloud-based solution that has established itself as the leader in property management software.
- Yardi Breeze is an easy-to-use property management platform for affordable housing and other multifamily properties.
Simplifying Affordable Housing Operations
Property Management & Accounting
- Accept applications and manage compliance with ease.
- Provide resident access to online payments, maintenance requests, and community newsletters.
- Automate annual recertifications and reduce manual tasks.
- Improve resident experience with online access to information and services.
Marketing & Leasing
- Expedite and automate the affordable housing cycle with Yardi’s solution.
- Strengthen your organization with dedicated compliance services, consulting, and training.
- Improve resident experience with online access to information and services.
- Enhance marketing efforts with targeted campaigns and analytics.
Resident Screening & Income & Asset Verifications
- Automate resident screening processes and reduce manual tasks.
- Improve resident experience with online access to information and services.
- Enhance compliance with automated processes and reporting.
- Reduce risk with automated screening and monitoring.
Affordable Housing Compliance Management
Manage mixed portfolios with ease
- Simplify management and reporting of multiple subsidy types or mixed portfolios.
- Deliver program insights to stakeholders.
- Unified platform for program insights and reporting.
- Streamline management and reporting for mixed portfolios.
Scalable and Flexible Plans
Core plans for basic needs
- Choose from three flexible plans: Core, Plus, and Max.
- Each plan includes a range of features and tools to meet your needs.
- Scale your plan as your business grows.
- Prioritize customer success and satisfaction.
Plus plans for growing organizations
- Everything in Core
- Affordable Housing Capabilities
- Advanced Leasing Metrics
- AppFolio Stack
- Premium Integrations
- Scale & Control
- Enhanced Support
- Smart Maintenance Scheduling & Billing
Max plans for large-scale operations
- Everything in Plus
- Leasing CRM
- Leasing Signals
- Custom Fields
- Database API
- Dedicated Customer Success Management
Pricing and Plans
Customized plans for large-scale operations
- Dedicated Customer Success Management
- Customized plans for large-scale operations
- Discounts for long-term commitments
Discounts for long-term commitments
- Prioritize customer success and satisfaction.
- Access necessary tools and resources.
- Scale your plan as your business grows.
- Discover how AppFolio can help unlock more potential.
Implementation and Support
Resources and support for successful implementation
- Discover how AppFolio can help unlock more potential with a free demo today.
- Prioritize customer success and satisfaction.
- Access necessary tools and resources.
- Scale your plan as your business grows.
Training and onboarding options
- Develop and engage your staff with online training for Yardi software and compliance.
- Create and assign role-based learning plans for affordable housing team members.
- Improve staff knowledge and skills with online training and resources.
- Enhance compliance with automated training and reporting.