6
Solution:
Centralize your portfoli
Instead, give your team one powerful platform to manage both market-rate
and affordable housing units. After all, the primary purpose of property
management software is to consolidate your entire operation onto a "central
command" so you don't have to waste time and risk confusion when shuffling
between various applications. In fact, the 2023 AppFolio Benchmark Report
found that 58% of affordable housing property management businesses see
consolidating and/or integrating existing software as a strategy tQ
streamline operations<
Using one system makes it easier to maintain compliance with affordable
housing programs, including the Low Income Housing Tax Credit program
(LIHTC), the Housing Choice Voucher program (HCV), and Project-Based
Rental Assistance (PBRA). It also eliminates the friction caused by different
user experiences — similar to toggling between iOS and WindowsU
each of which has a very different feel.A
Consolidation onto a single, powerful platform also eliminates the need to
remember numerous different passwords, allowing you to access all of your
properties and workflows with a single password. According to Colleen
Winship, Program Manager at AppFolio and former VP of Operations at an
affordable housing management firm with over 6,000 affordable unitK
in its portfolio:A
"At some property management communities, a new team member could be
given numerous different passwords for different websites and platforms that
they have to remember in order to maintain compliance. But having one
system with one password really simplifies things. If the software is easF
to use and actually simplifies affordable housing management, it should
hopefully make employee turnover a little less of a burden for property
management companies.I
