You have several hats to wear if you own or manage a multifamily property. The amount of effort spent manually handling maintenance requests, collecting paper rent checks, or advertising unoccupied units can all slow down business growth. Choosing the appropriate property management software is one of the simplest methods to organize and manage the enormous task. Yardi is at the top of the list of the best real estate software suppliers. A range of services from Yardi are available to make property management easier.
Yardi Property Management Software
What is Yardi used for?
Although Yardi’s primary function is as an accounting platform, it also provides a number of extra optional services that can be added to complete your property management jigsaw. The “backbone” of accounting can be integrated with optional extras to meet a variety of operational demands, including:
- Accepting rent payments online
- Screening rental applicants
- Managing calendar tasks like lease expirations, tour dates, etc.
- Communicating with residents via text and email
- Boosting internet search visibility with online marketing and leasing tools
- Tracking more advanced items like construction projects and renovations and other business intelligences
Do mandates for staying at home affect your ability to run your business? The time is now to use a program like Yardi to handle your property management software requirements.
Yardi streamlines property management from straightforward activities to more complex efforts so that your teams may concentrate on expanding your business rather than being bogged down in minutiae and labor-intensive administrative work.
Select the appropriate Product Tier for your team.
Breeze, Breeze Premier, and Voyager are the three product tiers offered by Yardi. These three “tiers” were created to fulfill various operational needs, although there are some significant variances between them.
What are Breeze and Breeze Premier?
For building owners and operators seeking a straightforward software solution, Breeze and Breeze Premier are options. They are lightweight and simple to use. Breeze is jam-packed with out-of-the-box capabilities and boasts a “refreshingly basic” user interface that makes it easy to use right away.
What is Voyager?
The most robust tier, Yardi Voyager, should be suitable for individuals who manage multiple multifamily units and require a comprehensive platform that integrates the entire portfolio. The most sophisticated option, Voyager, offers a few unique features, including:
- Revenue management
- Construction planning
- Advanced online marketing services like search engine optimization and pay-per-click advertising assistance
You can customize this version down to the finest detail, giving you unparalleled control of the operational, financial, leasing, and maintenance side of your entire portfolio.
With what may Yardi be integrated?
The ecosystem contains more than 250 interfaces that you can quickly “plug in” to use Yardi Voyager, the top-tier product. Utilize “APIs,” a technology that makes it simple for two programs from different suppliers to communicate with one another, to simply modify your experience. The “Pay with PayPal” button you see on various web shopping carts is supported by an API. When restaurants and other businesses use an interactive Google Map to show their location, you’ve also seen APIs in action. You may immediately add a ton of features to your Yardi experience using the same technology.
Tenants will frequently ask your employees about a vast array of cutting-edge technological options. Residents could choose to set up their apartment with practical amenities like remote locks and lights or pay their rent online. Perhaps you immediately thought, “Not another software product to manage!” Fortunately, adaptable integrations make it simple for you and your team to use other tech solutions, such as smart home automation, which provides in-demand IoT functionality.
By controlling the lighting and thermostatic schedules for vacant flats, remotely locking and unlocking their doors, and providing self-guided tours for potential inhabitants, an IoT provider like IOTAS may improve efficiency and provide peace of mind. Your team may effortlessly transfer control of the HVAC, lighting, and smart locks once a unit is rented.
What are some additional benefits to using Yardi?
Flexibility
Yardi makes it easy for you to make changes to your software offering as your business evolves. You don’t have to be pigeonholed into a single platform, so when your needs outgrow Breeze, you easily carry your data over to a Voyager upgrade.
Pricing
Yardi and Yardi Breeze start at the accessible price of $1 to $2/month, making it easy to get started quickly. Because of the vast customizability of Voyager, pricing varies based on the services you pick. This makes it easy for you to select a cost-effective package that fits the needs of your portfolio.
Customizability
Yardi Breeze Premier offers a handful of plugins like utility billing and maintenance request tracking. For full-fledged customization, and complete access to their library of hundreds of API add-ons, Voyager is your go-to.
Starting with Yardi
Still unsure which version of Yardi is right for you? Consider these common FAQs:
- Need advanced accounting features? Select Breeze Premier or Voyager.
- Want on-the-go access? Consider Breeze and Breeze Premier for their intuitive mobile apps. As a cloud-based service, you can access all of your data from anywhere.
- Have limited IT experts on your team? Breeze and Breeze Premier are ready-to-go solutions that require zero IT intervention. Depending on more advanced setups of Voyager, you may need assistance from technical experts.
- Is your management team growing? With Breeze Premier and Voyager, you can control what different users are able to view and edit.
- Looking to grow your rental base and sign a younger demographic of tenants? It’s time to modernize your communication strategy. Millennials and Generation Z are unlikely to reach out via phone: four in five prefer to communicate via social media or text than call or visit in-person. With Yardi Breeze Premier and Yardi Voyager, you can connect with new residents through convenient methods like text to accelerate tour bookings.
A powerful property management system gives you the freedom to focus less on administrative tasks and more on what really matters—attracting new residents and supporting your current tenants. Whether you just need to cover the basics with Yardi Breeze or need a powerhouse system like Yardi Voyager, Yardi gives you unparalleled control and insight into your property portfolio.
Yardi Enterprise Property Management
All facets of real estate management are documented and reported by Yardi Enterprise. This one-of-a-kind tool combines data from a variety of sources, including accounting, maintenance, and gross potential rent, for everything from straightforward multi-site holdings and leases to intricate single-unit rents.
The flexibility that comes with a scalable internet-enabled system, strong processing, high-level security, customized interfaces, integrated accounting, and Yardi Enterprise are all offered.
Yardi Enterprise’s 32-bit Windows architecture enables simple navigation and seamless Word and Excel interaction. Extensive drill-down on reports to both database and transaction information is one of its powerful features.
Additional versatility is provided by the ability to attach memoranda and documents to any database item. Oracle, SQL Server, and MSDE databases are supported by Yardi Enterprise technology.
Yardi Ad-Hoc Reporting
One of the biggest issues in data management today is the capacity to swiftly transform data into useful information in an era of plentiful information. Yardi Ad-Hoc Reporting can help you rise to the occasion.
Writing Ad-Hoc reports is simple, quick, and gives you complete control over your Yardi Enterprise database reporting needs.
Yardi Affordable Housing
You can now have all the resources you need in one convenient location to meet your responsibilities to provide affordable housing.
integrated, centralized, adaptable, simple to use, and intuitive. Design your workstations quickly and easily using Yardi Affordable Housing to satisfy particular core task needs and avoid recapture.
To guarantee that your data is provided accurately and on time, Yardi Systems, Inc. has the technical team, knowledge, and a strong history of dealing with HUD, Housing Finance Agencies, Contract Administrators, and Housing Authorities.
One System. One Database. True Integration. Yardi’s Got It!
alternatives in technology Try Yardi’s optional browser-based solution if your data is coming from remote locations.
Yardi’s Affordable Housing offers HUD program compliance, Section 42 (LIHTC) compliance, integrated accounting, and the most cutting-edge reporting features on the market, whether you select the workstation-based or browser-based option.
Quick access to calculations for resident compliance. The resident will be evaluated automatically by Yardi’s Affordable Housing software to see if they comply with your program’s compliance standards.
History of compliance available right away. With Yardi’s tree controls, you can access each resident’s certification report with a single click, which automatically checks data to meet HUD and tax credit standards.
the ability to drill down. The majority of reports allow users to “dig down” from a report line item to underlying data. You can drill down to the underlying detail by doing a double click on any line of a report.
the simplicity of full integration. Yardi Affordable Housing’s integrated accounting and compliance system provides easy access to information. Drilling down from the Preposting Report for rent and HAP to the tenant screen and tenant ledger is illustrated by the Affordable screen to the right.
exclusive to Yardi. One system houses both the HUD program and Section 42 compliance. You can access comprehensive Section 42 and HUD information by clicking the project button. The annual input of new income limitations is simplified by our automatic recalculation capability.
Automatic features for home compliance. With the help of Yardi, you may quickly determine whether a residence does not comply with Section 42, along with the specific cause.
The technology automatically compares the first year relevant fraction with the applicable fraction in real-time for both units and square feet.
Yardi Asset Management
With Yardi Enterprise Property Management, the Yardi Systems Asset Management system functions as a potent executive and analyst tool for comprehensive portfolio reporting.
With the Yardi data warehouse, Yardi Asset Management is a thorough tracking approach that collects operational, financial, and performance data and provides analytical “slice and dice” insights on investment return.
Yardi Asset Management is offered as an optional supplement to our Enterprise software bundle rather than as a standalone item. The Yardi Enterprise Property Management interface includes Yardi Asset Management capabilities, which makes it incredibly simple to access reports or performance statistics on a single, simple-to-navigate screen.
The ‘big picture’ data produced by this market-leading portfolio reporting technology enables senior executives to make the long-term projections required for wise decision making.
Yardi Asset Management is offered as an optional supplement to our Enterprise software bundle rather than as a standalone item. The Yardi Enterprise Property Management interface includes Yardi Asset Management capabilities, which makes it incredibly simple to access reports or performance statistics on a single, simple-to-navigate screen.
The ‘big picture’ data produced by this market-leading portfolio reporting technology enables senior executives to make the long-term projections required for wise decision making.
Yardi Conductor
An advanced batch routing system called Yardi Conductor improves workflow by automating all activities related to the collection, organization, and distribution of reports.
Yardi Conductor offers three delivery options: email, browser, or hard copy, allowing you to save the time-consuming tasks of copying and collating as well as shipping costs.
You can reallocate sizable savings to your bottom line if you choose Yardi Conductor to handle your report routing and delivery.
Yardi eBanking
Yardi Systems eBanking system is integrated with Enterprise Property Management, Yardi’s core product as a tool for electronic banking.
** Yardi Systems eBanking features:**
- automated cash receipts
- electronic check clearing
- custom tenant statements
- custom payment coupons
Future releases will add more electronic interfacing features relative to the improvement of cash management controls.
eBanking is an optional addition to the Enterprise suite of software. Once installed, the eBanking module works from the data warehouse of the core program, Property Management, and the user accesses the module through Property Management.
System administrators find that eBanking adheres to the same easy-to-use layout of all Yardi Enterprise utilities.
Yardi Forecast
Yardi Forecast offers advanced budgeting and forecasting features that significantly enhance the budget preparation process and financial reporting capabilities of Yardi’s Enterprise product line.
Fully integrated with Yardi’s lease database and general ledger, Forecast provides quick and accurate lease-level budgeting with multiple budget revisions and multiple year forecasts.
Projections include global assumptions, easy redistribution methods, and percent adjustment variables by user-defined groupings.
Forecast is easy to learn with Excel-like operations for cut and paste, spreadsheet formulas, and general navigation. A complete narrative system with full drill-down for assumptions and actual variances make Forecast unique in the marketplace.
Knowing the effect of leasing decisions upon the entire portfolio or per property, and the ability to forecast across properties by month or quarters for multiple years, makes
Yardi Forecast the Only Solution for Financial Managers.
Yardi Internet Voyager
Yardi Internet Voyager web-enables the Yardi Enterprise property and asset management applications giving you real-time information, integrated accounting, and processing power from anywhere you can hook-up to the Internet.
This global access to a centralized database offers not only faster processing time, but the ability to run up-to-the-minute reports and handle transactions, enterprise-wide, from anywhere at any time.
When you streamline your workflow with Voyager’s flexible options and automated tasks, you insure your company’s competitive edge.
Comprehensive Residential Work Flow
Everything you need to make the smooth transition from prospect to resident can be handled over the Internet, quickly and easily.
Yardi Internet Voyager provides you with all the tools necessary to manage the work flow of establishing and maintaining your new resident, including access to the resident ledger.
- Create Custom Views Into Your Data.
- Create custom Active Server Pages that merge with your Yardi data.
- Create customized Late Notices, Thank You Letters, Lease Forms—there’s no limit on what you can create!
On-Line Marketing
With Voyager’s iListings, investors and potential residents can access pictures of properties, their pertinent data and current availability. Once they find the perfect property, prospects can request application forms—right from the listing!
Powerful Reminders
Internet Voyager’s Daily Activity Calendar searches your system and finds all date sensitive information to keep you informed of your day-to-day activities.
How does it all work?
The 3-tier architecture of Yardi Internet Voyager uses Internet Explorer (version 5.0 or greater) at the site, and NT or 2000 server with IIS features at the home office. Connection types can vary based on the level of performance you demand from dial up to T1, you can choose the connectivity method that works best for you.
DSL/cable modem lines perform very well for Yardi clients with a minimal cost per remote office. The best part is that while older site-based programs demanded license fees for each location, Yardi Voyager is a centralized system so you are still using only concurrent licensing. This means a dramatic price savings.
Yardi Maintenance
Yardi Maintenance closely integrates a comprehensive maintenance program with property management operations, thereby enhancing and preserving the value of your properties.
Best Commercial Property Management Software
Fyxt
The finest option for managing any size portfolio of commercial real estate properties is Fyxt. An all-in-one, cloud-based technology called Fyxt enables seamless communication between renters, suppliers, and property managers. Any device, including smartphones, tablets, and PCs, may operate more efficiently thanks to Fyxt software. End-to-end maintenance planning, complete email inbox integration, lease abstraction, and lease administration are special advantages.
Additionally, thorough property level reporting (with a custom report builder tool) enhances the effectiveness and precision of property managers.
These crucial elements give property managers the focus they need to concentrate on high-volume tasks like leasing, capital expenditures, and tenant management. Property managers can create customized procedures for their operations and specific leases thanks to the user-friendly interface. Additionally, it makes lease contracts more transparent and gives each vendor’s price and quality a numerical value.
Fyxt provides each client with a dedicated CSM (free of charge). They go above and above to provide full support during onboarding and data migration, and their customer support is available around-the-clock (to reiterate, no extra onboarding fee regardless of the portfolio size).
Appfolio
With its strong accounting tools, Appfolio stands out. Although it might be an excellent option for residential portfolios, Appfolio is not well suited for managing commercial real estate. The program for managing commercial properties can be difficult to use and appears a little expensive for what it provides. Operations management and leasing abstraction have limited functionality, and the bespoke service should be improved because it can be challenging to reach someone when you need help. But Appfolio has a big plus: it has cutting-edge tenant features (tenants insurance, tenant screening).
Innago
As a free property management tool, Innago is a fantastic choice for beginners. Even while it might not be the ideal solution for big businesses, small property management firms with tight resources might find it to be a terrific option. Once a company has grown, it would have to change its commercial real estate property management software. This software’s main problem is that the reporting function isn’t automated. For CRE property management companies with medium-to-large portfolios, the lack of certain accounting, maintenance management, and lease abstraction elements in the software is a must.
Building Engines
Basic accounting features are missing from Building Engines (chart of accounts, portfolio budgeting & forecasting, asset management). The software lacks tools for lease management (abstraction, agreement templates). provides simple reporting features. According to some users, you can’t always find what you’re looking for. JLL purchased the business in Q4 of 21.
Corrigo
It’s a recurring theme in evaluations to note that it’s challenging to use. The lack of user-friendliness in the program’s design will probably be fixed in upcoming releases. For instance, reporting is limited and navigation can be challenging at times. Although there is a customization option for notes and reports, it is a bit laborious.
Property managers in the CRE industry strive for integration capabilities, however Corrigo lacks the fundamental requirements for some of the most important accounting and lease management tools. Furthermore, the work order billing system is more cumbersome than necessary.
Doorloop
a choice to take into account for property management firms with diverse portfolios. It’s possible that Doorloop isn’t the ideal choice for big commercial property management organizations. Additionally, the software lacks the features property managers require for managing commercial real estate facilities. For instance, the program has no scheduling or inspection management features and only provides rudimentary lease administration (there is no lease abstraction). The documentation for the API is lacking and the user interface of Doorloop might be made more efficient. The consumer click path to reach desired pages, according to some users, may be streamlined and improved.
RealPage
RealPage lacks facilities management tools but provides strong reporting capabilities. For instance, this property management software doesn’t provide functions for managing inspections or scheduling repair requests. The powers of leasing management are also limited.
The management of residential real estate would benefit from this approach, but commercial real estate would not benefit as much. Numerous of its features are only accessible through more expensive package purchases. Some users claim the site is challenging to use and has glitching or timing out issues.
Yardi
Yardi Breeze is the company’s more compact property management option.
For those just getting started, Yardi is simple to use and delivers a lot of the fantastic features that Yardi’s more complete property management solution does.
It is very simple to get started thanks to the training materials’ direct access to the software. Because of this, Yardi is among the best choices if you are new to property management and simply manage a few properties.
Yardi Breeze is one of the more expensive alternatives available, making it a less cost-effective choice for beginning property managers.
Conclusion
Yardi Property Management Software can help you keep your property safe and clean, save money on your property, and make it easier to manage your property. By using Yardi Property Management Software, you can improve the safety and efficiency of your property while making it easier to run your business.