Benefits

Management

Bostonpost Property ManagerŪ increases visibility and control over any size affordable housing portfolio by centralizing information so that critical activity and processes can be monitored.

 

  • In seconds, you can check on the current status of turnovers, vacancy, accounts receivableany or any other details about a property, unit, or household.

  • Security features allows precise control over employee access and authorized tasks

  • Define global policies for compliance and resident records

  • Approve or deny requests for compliance overrides

    •  

    Property Management and Compliance

    Compliance with HUD, USDA, Public Housing, Tax Credits, and other federal, state and local programs is improved and simplified using comprehensive enforcement built into the core system, not added as an optional module. Powerful multi-subsidy compliance support helps to:

      • Reduce errors and omissions with single data entry for multiple subsidies
      • Prevent selection of ineligible tenants with built-in ‘Compliance Manager’ for HUD, USDA, Public Housing, Tax Credit and other federal, state or local programs
      • Ensure timely subsidy payments using voucher creation and submission wizards

    Support for all afforable housing programs is included.

    HUD Section 8, 202, 236, 202 & 811 PRAC, BMIR, RAP, Rent Supp

      • 50059 Certifications
      • Monthly 52670 HAP Voucher Requests
      • Special Claims for damages and vacancy
      • Electronic submission to TRACS
      • HAP reconciliation process to account for rejected certifications and payments held or released by HUD
      • Ready-to-use document templates for recertifications and automated follow-up

    Section 42 LIHTC Program

      • Calculates income limits by region and accompanying maximum allowable rents
      • Generates detailed compliance audit reporting
      • Supports multiple set asides by property or building for fixed or floating units
      • Respects program rules for over-income households
      • Generates alerts to guide compliance with next available unit and student rules

    USDA Rural Development Section 515

      • Rental assistance certification RD 3560-08
      • Basic rent and overage tracking
      • Preparation of MINC submissions 3560-8

    HOME

      • Manage fixed or floating set-asides
      • Enforcement of HOME maximum allowable rents 
      • Respects HOME over-income rules, when applicable.

    Public Housing

      • Prepare PIC submissions of form 50058
      • Support for ceiling rents
      • Tenant service programs tracking
      • Support for HOPE VI and Moving To Work properties

    NYC Rent Stabilization

      • Automation of Vacancy and Renewal LEases with all calculations affecting Legal Rent
      • Applies rent reductions for SCRIE and DRIE rent increase exemptions
      • Calculates allowable rent increases for IAI and MCI improvements
      • Automatic updates of maximum rent increase percentages and DHCR lease forms

     

    Maintenance

    Track maintenance activity from the initial service request through completion and subsequent invoice processing and payment.

      • Complete more billable work with the same staff
      • Sort and schedule maintenance tasks
      • Reduce unbilled maintenance activity
      • Create individual work lists by person or vendor
      • See how deferred maintenance may impact reserves
      • Track history of major asset replacements
      • Compare completed maintenance activity billing to time sheets
      • Create detailed reports of completed maintenance and costs
      • Distribute invoice entry to service requestors and centralize AP approval and payment

     

    Accounting

    All property level Accounts Receivable activity can be posted to General Ledger automatically using Property Manager® integrated accounting module or by exporting a file of journal entries to existing accounting software.

    If invoice processing is distributed to properties, approved invoices can also be forwarded to Accounts Payable for check processing.

      • The Property Manager® integrated accounting functionality can be used for general ledger, accounts payable and cash management.
      • Transaction history is never purged, enabling financial reporting for any date range.
      • Monthly activity reports can be accessed at both the property level and by the central office accounting team.