02 Compliance
05
Disjointed systems
07
Training new team members
09
Budget constraints
11
More efficiently manage your affordable units
But while managing affordable housing units may be challenging, it provides
some great opportunities for businesses to grow and make a difference in
their communities. In fact, according to the 2023 AppFolio Benchmark
Report, 48% of affordable housing property management businesses plan to
add new units to their portfolio in 2023, welcome news in light of recent data
from the National Low Income Housing Coalition showing that for every 100
extremely low-income renter households, there are just 36 affordable and
available units for rent. [
In this guide, we'll outline some of the top challenges that come with
managing affordable housing and show you how to overcome them by
implementing the right strategies and tools.
Managing market-rate and affordable rental housing
comes with a unique set of challenges. Each property
type has different needs and requirements, and if you
use separate systems to manage each property type,
these challenges can be compounded, making it harder
to work efficiently and optimize your team's output.
Introduction
1
