(July 29, 2005)—RealPage, Inc., a leading provider of products and services to the multifamily industry, today announced that it has put into general release the latest version of its web-based affordable system, OneSite® Leasing & Rents Affordable.
This new version features tools that improve the efficiency of site personnel, ensure compliance with both HUD and tax credits codes and regulations and provide property managers with greater ability to track multiple subsidies. OneSite Leasing & Rents Affordable manages both HUD subsidies and low income housing tax credits (LIHTC) properties in a single, simple user interface. The system also computes residents’ rents and automatically selects the most appropriate subsidies.
"Property owners can now leverage new functionality to improve their cash flows while streamlining procedures to stay in compliance," said Ranjeev Teelock, vice president of affordable housing for RealPage. "Personnel can centrally manage HAP vouchers, special claims and certifications across their entire portfolio from one screen."
OneSite Leasing & Rents Affordable is equipped with a central processing feature that allows property managers to use simple dashboards to perform site functions. Another new feature is the Special Claims Finder that roots out all unclaimed vacancy and damage claims. This time-saving feature prompts users to investigate legitimate claims and generates the necessary paperwork for filing.
OneSite Leasing & Rents Affordable also comes with CA NetTM, a secure network that links affordable property sites to contract administrators (CAs) for real-time exchange of TRACS, special claims and other management information. Sites can now submit TRACS data error free—ensuring that 100 percent of the HAP voucher requests are collected. CA Net is only available for OneSite customers and CAs using HDS software.
OneSite Leasing & Rents Affordable is part of OneSite, RealPage’s integrated, on-demand property management systems that automate the entire process of leasing, renting and managing apartments, including fast and easy applicant screening, comprehensive facilities maintenance, simplified purchasing and expense controls, professional accounting and convenient online rent payment.
Additional information about OneSite Leasing & Rents Affordable and CA Net can be found on the web at www.realpage.com/affordable.
Located in Carrollton, Texas, a suburb of Dallas, RealPage provides property management products and services to more than 20,000 apartment communities across the United States. It now has four major product lines: OneSite® on-demand property management systems that automate property management functions while providing real-time access to important data; CrossFireTM on-demand property marketing systems that automate and enhance the process of capturing and entering leads; YieldStarTM, on-demand asset optimization systems that help owners and asset managers optimize asset values through revenue management and market intelligence and VelocityTM convergent billing systems for rent, utility charges, late fees and small balances. For more information, please call 1-87-REALPAGE or visit www.realpage.com.