(September 12, 2006)—RealPage today announced that Paulhus & Associates, Inc., a leading provider of service bureau contract administration and training services, has selected its on-demand service bureau management system, OneSite Leasing & Rents Affordable Service Bureau, as its software. RealPage put the new system into general release earlier this month.
The service bureau software leverages the power of OneSite Leasing & Rents Affordable to enable service bureaus to provide expert compliance monitoring and reporting. Now, apartment owners and managers of both large and small portfolios can manage their properties more cost-effectively while keeping in compliance with all government regulations.
“Our service bureau offering will benefit owners and managers who do not want to invest in purchasing software and training leasing consultants on compliance,” said Ranjeev Teelock, vice president of affordable housing for RealPage. “It aims at reducing the cost of maintaining subsidized sites by eliminating the need for a full-time, on-site compliance expert. The service bureau will reduce the amount of time and money spent maintaining compliance with HUD, resulting in reduced operating expenses and increased profits.”
Paulhus & Associates is the first company to partner with RealPage to provide the service bureau offering.
“This is going to revolutionize the industry,” said Cheryl Paulhus, president of Paulhus & Associates. “Using this new system, site owners and property management agencies will have the benefit of an experienced subsidized occupancy specialist completing each submission, allowing on-site personnel to concentrate on the other aspects of managing the properties. Owners and agents can monitor their compliance and access reports over the Internet. It’s subsidized housing made simple!”
Owners and managers can contract the system on a monthly subscription-fee basis. RealPage offers a basic service package that includes processing 50059 certifications, generating initial notices, managing tenant recertification and creating lease documents. Participating service bureaus such as Paulhus & Associates will process Housing Assistance Payments (HAP), transmit vouchers through HUD’s Tenant Rental Assistance Compliance System (TRACS) and process Gross Rent Changes. Owners with Section 236 contracts will receive Excess Income Reporting under this package.
In addition, owners and managers will have the option of purchasing additional service bureau offerings, including assistance with special claims processing, verification letter tracking, HUD-compliant waitlist management, resident screening and accounts receivable.
OneSite Leasing & Rents Affordable was specifically designed to help affordable properties streamline rent and subsidy collection, automate certification processing, ensure compliance with HUD regulations, track multiple subsidies and improve cash flow.
RealPage is a leading provider of affordable software for the multifamily industry. It currently offers three affordable products: OneSite Leasing & Rents Affordable, OneSite Leasing & Rents Tax Credits and OneSite Affordable Screening. All are part of RealPage’s OneSite on-demand property management suite that automates 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.
About RealPage
Located in Carrollton, Texas, a suburb of Dallas, RealPage provides products and services to more than 20,000 apartment communities across the United States. Its four on-demand product lines include OneSite property management systems that automate the leasing, renting, management, and accounting of conventional, affordable, and student housing; CrossFire property marketing systems that help boost occupancy and build retention; M/PF YieldStar asset optimization systems that maximize asset valuation and investment return through revenue management and market intelligence; and Velocity utility and billing services that help accelerate payments for resident charges. For more information, please call 1-87-REALPAGE or visit www.realpage.com.
About Paulhus & Associates, Inc.
Paulhus & Associates, Inc. was formed in 1999 by Cheryl E. Paulhus in response to the growing need for expert assistance to providers of subsidized housing. Located near Harrisburg, Pennsylvania, the company offers services ranging from Performance-Based and Non-Performance-Based Contract Administration, Service Bureau, Subsidy Recovery, Continuing Education (on-site or online powered by HudLink), and Customized Consultation Services. For more information, please call 1-888-224-0641 or visit www.paulhus.net.