INCOME LIMIT UPDATES
RIGHTSOURCE HAS THE TOOLS TO MAKE IT EASY
HUD is preparing its annual release of new income limits for the country.
Are your people, processes, and technology set up and ready for the changes?
UPDATING INCOME LIMITS CAN BE TRICKY
MANUAL DATA ENTRY
Who on your team will enter the new income limit data into Yardi Voyager®? Most companies have their compliance team or temporary employees enter new income limit data. It can take several hours to update the various income limits for any given county. This time-intensive task can cause tremendous burden on your staff. Depending on the size of your portfolio, this can take days or weeks to complete, costing you potential rent.
In the event that new income limits are uploaded incorrectly, you will be required to correct all certifications with incorrect income limits. This may result in moving in a household that is really over-income or denying a household that was actually qualified. Correcting this can be extremely time consuming.
INCOME LIMIT UPDATES, THE RIGHTSOURCE WAY
Introducing our new Automatic Income Limit Update Tool
With the Automatic Income Limit Update Tool, RightSource can help you:
RightSource can update ALL income limits (HUD, LIHTC, HERA and HOME) when they are released, without requiring you to hire additional staff or dedicate significant time.
Because we use an automated tool to upload new income limits, we reduce the errors commonly associated with manual data entry. Our tool also performs a verification check so that you can rest easy knowing everything is correct and up-to-date.
EARN MAXIMUM RENT
If the income limits increase, the rent you can collect on tax credit units can also increase — but only once you’ve updated the information in Yardi Voyager®. RightSource ensures that you can maximize your rents that change with income limits, without burdening your team.
RightSource has a worry-free approach to income limit updates:
After you authorize access to Yardi Voyager®, we start with a careful analysis of existing income limits and identify which need to be updated.
Using our automated income limit update tool, we then upload new income limits into your Yardi Voyager® database.
Once new limits have been uploaded, we perform an automated check to validate that all income limits have been added correctly.
RIGHTSOURCE IS READY TO HELP GET YOUR INCOME LIMITS UP TO DATE
As soon as 2019 income limits are released, RightSource is ready to put it’s Automatic Income Limit Update Tool to work for you. For just $200 per county, you can have peace of mind knowing that your income limits are updated and accurate, without burdening your compliance staff.
READY TO UPDATE INCOME LIMITS? LET’S GET THE CONVERSATION STARTED.
Even if you just need to ask a few questions, we’re here to make updating income limits faster and easier than ever. Send us a note to get the process started.
Yardi and Voyager are registered trademarks of Yardi Systems, Inc. Opinions expressed here do not represent those of Yardi Systems, Inc.