Our expertise is turnaround leasing and management of under performing, distressed developments. We have managed over $500M in assets for developers, corporations, and multi unit property owners; and are adept in all aspects of the affordable housing industry. We add measurable and quantifiable value which ensures profitability.
Our experience includes Large Scale Portfolio Management, Asset Management, Resource Procurement, and Requirements Compliance. We know the system and are the best at maneuvering within it.
Are you hoping to accept Section 8 Housing Vouchers, but are reluctant because you do not know what the process entails?
We complete all paperwork, rent negotiation, and inspection preparation, and work with residents to ensure compliance and inspections pass.
To ensure compliance, we promptly complete work orders, and we follow up with the residents to ensure satisfactory completion. We also conduct decent, safe, and sanitary unit inspections annually.
We routinely perform preventative maintenance and interior and exterior property inspections. That way, we can identify capital improvement projects that will increase value, and items requiring correction to avoid code violations.
Before any agency inspection, a member of our experienced maintenance team pre-inspects the unit and completes necessary repairs.
BFF is very familiar with affordable agencies' inspection protocols, including the notorious REAC inspection.
For certain inspections like City and REAC, we inspect the property's interior and exterior, grounds, common areas, roof, boiler room, and units. After the inspection is completed, any necessary repair work is detailed and communicated to you. BFF Realty contracts and oversees the work through completion after agreeing on the specifics of the repairs. .
We ensure that your investment, including all files, complies with the requirements of various agency housing programs and inspections protocols to ensure your payments always flow without interruption. Some of these programs and agencies include Section 8; Section 811; HUD; State and Local Housing Authorities; Low Income Trust Fund (LITF); Low Income Housing Tax Credits (LIHTC); and Veterans Affairs Supportive Housing (VASH).
To minimize risk, we are consistent in documenting interactions with prospective and current residents. Documentation is essential to prove our abidance to the lease provisions, Federal, State, and Local Fair Housing Laws, as well as the Local Landlord Tenant Ordinance.
Abiding by these regulations is crucial in performing the following tasks:
We have successfully dealt with some of the most trying circumstances and residents. In order to minimize risk, we ensure diligence in operating according to your policies and procedures and are most confident in our ability to favorably and ethically resolve difficult situations on your behalf.