Yes! With section 8, a portion of a rent is paid by the tenant, and a portion is paid by the government. Every aspect of Section 8 rent collection is covered, from banking, accounting, to online rent collection.
Azibo banking: Deposit section 8 checks into your Azibo bank account, categorize the transactions according to schedule E tax categories, assign the payment to the related property for easy tax preparation.
Accounting and bookkeeping: Tag both the tenant payment as rent, assigned to the property and unit; and the section 8 payment as section 8 rents, assigned to the property and unit. Set up transaction tagging rules to save time!
Online rent collection on Azibo: Invite your renter to pay rent on Azibo, make the rent amount what the tenant is responsible for paying, add a recurring payment line item to document the section 8 amount. You can also enable partial payment with the minimum payment amount what the renter is responsible for. Record the payment for Section 8 manually by recording a payment.