Manufactured Housing Software: The Ultimate Tech Stack for GPs

Over the past decade or so, technology has evolved rapidly, dramatically reshaping the landscape for GPs. A group that has historically been slow to adopt technology is now hitting the gas pedal, integrating different tech solutions into every part of their real estate firm’s workflows.

But there’s risk here, of course. Selecting and committing to the wrong technology can significantly slow you down. Most of these SaaS (Software-as-a-Service) platforms require annual commitments, so switching gears if the tool you chose isn’t working out for your firm can be quite costly. And that’s not even accounting for the opportunity cost, which on its own could be devastating to a firm just getting started.

Today’s most successful GPs are, like always, savvy investors and skilled communicators. But out of necessity, they’re also becoming proficient technologists. 

A Proven Tech Stack for Manufactured Housing

Below, we’ve pulled together what we see often in the market as a proven, reliable, and widely used tech stack for manufactured housing GPs. This particular setup acutely addresses the needs associated with syndicating manufactured housing and mobile home park projects or funds, and these manufactured housing software platforms all integrate together seamlessly for the most efficient day-to-day workflow for your team.

Tech Stack At-A-Glance:

• Investment Management Platform: Covercy
• Property Management: Rent Manager
• Payments & Cashflow: Covercy (via Thread Bank)
• Accounting & Bookkeeping: Rent Manager and/or QuickBooks 

This integrated manufactured housing software tech stack allows GPs to streamline operations and focus more effectively on deal-making and relationship management. Below, we dive a little deeper into the features of each recommended tool and why each made it on this list.

1. Investment Management: Covercy

At the core of your technology stack should be an investment management platform tailored explicitly for real estate syndication. Covercy enables efficient management of investor relations with an intuitive investor portal and beautiful deal pages, real-time communication, simplified and integrated capital calls and distribution payments, investor accreditation services, and detailed tracking of asset performance. The platform is loved by LPs for its transparency—crucial for maintaining investor trust and attracting new capital for manufactured housing deals. Covercy also offers an innovative AI-powered “Help Me Write” tool right within the platform that assists in crafting clear, professional, and effective investor communications, making it an ideal manufactured housing software for GPs.

2. Property Management: Rent Manager

Manufactured housing communities have unique operational needs, including specialized tenant management, lot tracking, rent collection, and maintenance scheduling. Rent Manager excels specifically in managing manufactured housing assets by providing tailored features such as resident communications, compliance management for mobile homes, utility billing integrations, and community-specific lease administration, making it an essential manufactured housing software solution.

We’ve specifically given Rent Manager the nod here because it’s 1) beloved by property managers and owners alike, and 2) it includes powerful integration capabilities with Covercy and a slew of other critical real estate tools.

3. Payments and Treasury Management: Thread Bank

Effective payments and treasury management are essential for manufactured housing syndications, given frequent rental income transactions, investor distributions, and capital contributions. Covercy simplifies this through its partnership with Thread Bank, allowing GPs to quickly open high-yield checking accounts under each asset, ensuring deposits are FDIC insured. This integrated manufactured housing software approach lets you instantly send ACH distribution payments directly to investors’ bank accounts, and all transactions are automatically reconciled.

The real magic, though, comes in making money off idle capital. When GPs have a large amount of cash on hand waiting to be deployed, Thread Bank’s high-yield checking accounts give your real estate firm a whole new revenue stream. These accounts earn high interest rates while staying liquid and ready for deployment at a moment’s notice.

4. Accounting: QuickBooks

Even though Rent Manager offers some built-in bookkeeping capabilities (and this may be plenty for your firm!), QuickBooks complements your manufactured housing software operations by providing detailed financial reporting, advanced budgeting tools, and seamless integration with your investment management and banking solutions. QuickBooks simplifies financial tracking, ensures regulatory compliance, and makes tax preparation significantly easier, especially when handling complex investment structures and multiple investor accounts.

Bringing it All Together: Integration is Key

The true power of your tech stack lies in its seamless integration. Effective communication among platforms—investment management (Covercy), property management (Rent Manager), banking and payments (Thread Bank), and accounting (QuickBooks)—simplifies your operations. Covercy’s investment management solution serves as the central hub, seamlessly connecting investor reporting, financial tracking, and asset performance, ensuring a cohesive and streamlined experience for both GPs and investors.

By adopting this specialized manufactured housing software stack, your real estate firm can scale effectively, retain satisfied investors, and maintain precise operational oversight. Leveraging industry-specific solutions like Covercy, Rent Manager, Thread Bank, and QuickBooks ensures that every aspect of your manufactured housing operation runs efficiently, positioning your business for sustained growth and investment success.

Ready to get started? Request a Covercy demo today, and we’ll help you put all the pieces together.