The Modern Magician: Wealth of Skills Is Needed for Effective Property Management
By Caitlin Jones
1 min read
Tax Credit Advisor, March 2011: It’s not just the tenant files. Effectively managing a low-income housing tax credit property these days means more than just dotting all the i’s and crossing all the t’s to make sure that the program’s compliance rules are met so investors can get their credits. Rather, it’s about a range of skills — compliance among them — needed to ensure a well-managed, attractive property that stays filled with qualified and satisfied residents.
Many of the same requirements for effective management in conventional apartment properties also apply to tax credit communities: strong curb appeal to attract and retain residents; responsive management; and skilled, personable staff both on- and off-site.
