BOSTON--(BUSINESS WIRE)--Buildium, the property management solution for real estate professionals, today announced its partnership with SHARE!, the Self-Help and Recovery Exchange, helping to find permanent living solutions for Los Angeles County’s homeless population through its SHARE! Collaborative Housing program.
Despite major efforts to reduce homelessness, Los Angeles’ homeless population has increased 12 percent between 2013 and 20151. SHARE!’s work with local homeowners transforms for-rent, single-family homes into SHARE! Collaborative Housing to provide affordable housing in the community so people can get back on their feet and thrive. SHARE! leverages the Buildium solution to track critical property management components in real-time, including vacancies and occupancy rates, maintenance requests, and other housing issues, to ensure the program can run efficiently. Further, the Buildium solution lets SHARE! maintain accurate online descriptions and images of each residence to help keep new tenants informed and comfortable about where they will be living.
SHARE! provides homeowners with an opportunity to rent out their second homes or investment properties and receive up to $1,000 in monthly payment in return. These homes, which are located almost exclusively in mid-level, safe neighborhoods, would otherwise remain vacant because monthly rent prices typically exceed the average mortgage cost in the area. For tenants, SHARE! Collaborative Housing offers them the chance to work together as a household and become self-sufficient without the burden of upfront costs, security deposits, background checks and credit checks. With SHARE!’s help, 26 percent of those in the Collaborative Housing program with severe mental health issues have secured jobs within a year — no longer dependent on government checks to support themselves.
“It has been a rewarding experience for Buildium to help SHARE! organize its Collaborative Housing Program to better serve California’s homeless,” said Michael Monteiro, co-founder and CEO of Buildium. “By leveraging our property management solution, SHARE! is able to make placement and property maintenance processes more efficient and cost-effective, and help bring about real change in the Los Angeles community and beyond.”
Since implementing Buildium’s award-winning software, SHARE! Collaborative Housing has placed 345 people in 57 homes within the Los Angeles area in less than a year, with plans to continue expanding throughout California. In addition, the program uses the insights gleaned from the technology to become more proactive, accurate and efficient in its day-to-day operations and ability to place homeless people in quality homes.
“Los Angeles has one of the highest homeless population rates in the country, and it would be difficult to find suitable housing options at this rate and magnitude without Buildium,” said Ruth Hollman, executive director of SHARE!. “Buildium has made it possible to move people into Collaborative Housing on the same day a request is received, which is unheard of in California. With Buildium’s help, we have been able to save time and frustration, and remain focused on helping to solve the homelessness epidemic in Los Angeles.”
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1 Los Angeles Homeless Service Authority (LAHSA) – https://documents.lahsa.org/Planning/homelesscount/2015/factsheet/LACounty.pdf
