Affordable housing property management
See how you can overcome challenges and streamline your operations to boost efficiency and maintain compliance.
Affordable housing trends
The pandemic, inflation, and other macro and micro economic factors have fueled the housing crisis in the United States, increasing the need for more affordable rental housing than ever before.
“The affordable end of the market has been squeezed from every side. Land costs have risen steeply in booming parts of the country. Construction materials and government fees have become more expensive.”
Affordable housing:
Why it’s so challenging to manage
Property management businesses are in a position to make an impact in their communities, however managing affordable units is no easy task. Here are some of the reasons why:
Compliance
Different requirements for each housing type make it time-consuming to ensure regulatory accuracy when submitting files to HUD or state agencies. Plus, if it’s done incorrectly it can be detrimental.
Budget constraints
Property management companies with affordable housing units need to be able to operate on a lean budget in order to maintain affordable rents for their communities.
Training employees
A lack of standardized onboarding processes makes it difficult to train and bring new employees up to speed on the complexities of affordable housing management.
Disjointed systems
Many businesses use a separate software system to manage their affordable units, which can lead to inefficiencies, along with errors that can increase risk and make it harder to maintain compliance.
The ultimate guide to affordable housing management
Download this free guide for strategies and tools to reach peak operational efficiency.
Tips to streamline your affordable housing management processes
Follow these strategies to boost efficiency for your affordable housing management business.
Centralize your portfolio
When you have one powerful platform to manage all of your affordable and market-rate units, you can:
Automate workflows & standardize processes
Rather than manually completing tedious tasks, with automated and standardized workflows you can:
Offer self-service, mobile options
By empowering prospective renters and residents to complete tasks on their own with on-demand tools you can:
A single solution to manage all of your property types
See how you can more efficiently manage your affordable units with a single property management platform.
Get Started“Having a centralized location to add notes, communication, and reports for our affordable units in AppFolio is incredibly helpful.”
Crystal Griffin
Broker in Charge, Sunshine Realty Property Management
Frequently asked questions
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affordable housing property management
affordable housing property management
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