Yardi Voyager property and asset management is an intuitive, browser-based program that provides integrated, comprehensive management and accounting functions. The centralized database offers the ability to handle transactions and run up-to-the-minute reports at any time, anywhere around the globe, with a browser and Internet connection. Yardi Voyager interfaces with credit checking agencies and banks for faster access to information and funds. The program’s customizable workflow and advanced reporting capabilities can be adapted to the needs of any organization, and include features for the residential property management of conventional, subsidized and tax credit properties; and the commercial property management for office, retail, and industrial properties.
Yardi Affordable Housing software integrates compliance, property management, and accounting within one centralized database. Practical workflow simplifies staff operations. Real-time information assists management efficiency. Yardi Voyager is the first compliance software that lets users enter information only once to complete both the HUD-50059 form and the state HFA specific Tenant Income Certification (TIC).
Compliance setup is easy, even for projects and buildings that have multiple layers of set-asides for both HUD and tax credit subsidies. Yardi delivers a competitive advantage in the Affordable property management marketplace.
Yardi Asset Management allows Pension Funds, Plan Sponsors, Advisors, Institutional and Private Investment Managers to perform a wide range of financial rollups based on legal or tax ownership structures. These entity rollups are used to facilitate fund or partnership level reporting. It also can calculate and report on the financial performance of your portfolio at each level of your portfolio. This performance reporting includes NCREIF and AIMR standards plus user defined methodologies.
Yardi Asset Management provides analytical multi-criteria comparison views on investment return by employing a comprehensive tracking method for capturing operational, financial, and performance data with the Yardi data warehouse. This innovative portfolio reporting tool creates the “big picture” views needed to make sound, long-term projections and solid financial decisions. Asset Management provides a comparative analysis from property to property by offering important user-definable performance measurement ratios, while remaining in compliance with NCREIF and AIMR reporting standards.
Budgeting and Forecasting
Yardi Budgeting and Forecasting gives you the ability to create accurate budget projections. The module integrates with Yardi Property Management and allows you to produce budget worksheets based on details from actual tenant leases. Budget worksheets display on the screen in a standard spreadsheet format, which the user can easily navigate to modify data and report information. Budgeting and Forecasting also includes additional capabilities to generate CPI and CAM projections for your budgets.
Budgeting and Forecasting is an optional add-on feature of the Yardi suite of property management software. Rather than having a separate database, Budgeting and Forecasting interfaces with, and shares the database of the primary program, Enterprise Property Management. This allows the client to use data from actual transactions to create and compare budget projections.
Yardi Conductor is an advanced batch routing system that enhances workflow by automating all tasks associated with the organization and distribution of reports. The program alleviates users from time-consuming efforts of copying and collating, as well as delivery expenses, by offering three delivery options: email, browser, or hard copy. Yardi Conductor saves time and resources by: tracking and grouping all reports on selected properties and schedules automatic distribution to designated recipients, offering multiple distribution methods, and freeing up computer disk space by off-loading processing to the report server.
The Yardi Construction Management module is a full-service, job-costing system designed to track all types of construction projects. Program users range from commercial managers tracking tenant improvement jobs, to developers constructing buildings from the ground up. Construction Management allows users to oversee accounts payable, accounts receivable, job budgets, progress reporting, lien waiver controls, and more.
Construction Management includes a large variety of features that enable users to tailor the program to their own project needs. These features are grouped into four main categories: Job Management, Change Orders, Subcontracts, and Receivables.
Yardi Electronic Payment module offers a one-step solution to put rent payments directly into your account and automatically update tenant records. Simply scan your tenant’s checks or credit cards and the automation begins. Avoid bank lines and simplify operations. With Yardi Electronic Payment, funds get put into your account quickly and you benefit from the time you save in processing.
Yardi Maintenance Management provides a comprehensive system that helps manage the daily upkeep of multiple units and/or properties. Easily create work orders, track job progress, handle purchasing and receiving, and process payables. Maintenance Management saves time and labor by putting all resources within a click of the mouse, including a drop-down vendor list, along with pricing, available stock, authorization names and multiple report options. Yardi Maintenance is the ideal tool for managers of any property type, seeking maximum control of maintenance related tasks and expenditures.
Minnesota Certificate of Rent Paid
The state of Minnesota requires that a Certificate of Rent Paid (CRP) be provided to all Minnesota renters whose managing agent paid property taxes during the current year. Yardi’s CRP feature-set automates the process and ensures that the state’s reporting requirements are met.
The CRP program calculates the percentage of rent paid by each individual (or couple) who rented during occupancy. It allows the managing agent to print the CRP form at time of move out or at year-end. The program has the flexibility to include multiple charges in the calculation; for example, rent, garage/parking fees, and other special assessments charged under the lease terms. The program allows the managing agent to enter the proper year, parcel number of the property, county and the correct calculating percentage taken from the current landlord instruction sheet.
New York City Feature-Set
New York City has unique calculation and billing requirements for both the residential and commercial management industries. Yardi’s NYC feature-set provides all the tools necessary to track, calculate and bill these special charges - keeping the management company in full compliance with New York City’s regulations.
On the residential side, the city has programs in place to limit the percentage by which a landlord can increase the rent on certain units and requires landlords to send monthly rent bills to each tenant. In a single entry, enter the new increase rate for the year and our software automatically calculates each tenant’s new rent amount. Self-Mailer rent statements provided with this feature-set expedites monthly rent statements with a single process generating copies for company records and the tenant invoice copy which does not require an envelope to be mailed!
If you have commercial tenants, the city has a unique Common Area Maintenance charge (commonly referred to as Porters Wage Calculations – even though there are no longer porters!) which is usually assessed on top of all other charges. This charge typically only applies to older leases. There are also calculations and charges relative to fuel and electricity used in commercial buildings. The Yardi NYC feature-set handles these calculations and adjustments quickly while ensuring the utmost accuracy for you and your tenants.
The Ontario Add-In is designed to provide special tracking and reporting required by the Province of Ontario for residential rental managers, in accordance with the Ontario Tenant Protection Act (TPA). The Ontario Add-In tracks essential data to calculate residential rent increase, and produces the appropriate reports and Rent Increase Forms N1 and N2. In addition, it produces the Notice of Eviction for non-payment of Rent (form N4).
Yardi has developed iPHA exclusively for the needs of Public Housing Agencies.
We have built iPHA with the advanced technology of Yardi’s Voyager web-based product line. iPHA is equipped with the powerful and seamless property management capabilities that have made Yardi Systems the leading property management solution in North America. www.yardi.com/voyager.asp
IPHA instantly streamlines your subsidized housing program management, including:
- Conventional low-rent Public Housing
- Tenant and project based leased housing (Housing Choice Vouchers)
- Other special state and locally subsidized programs
- Market rate or non-subsidized residential and commercial portfolios
Your staff works with a single Yardi database and user interface (MS Internet Explorer), making it easy to produce accurate HUD reporting and give timely service to your clients.
Yardi Senior Housing is designed for owners and Executive Directors of Residential Independent Living, Assisted Care and Alzheimer’s Care communities that offer choices in personal care for their residents. The program provides essential tools to manage day-to-day operations, addressing resident needs, industry compliance and facilities management. Logically organized graphical interfaces are designed for simple point and click accessibility to an open database with an integrated, powerful general ledger at its core.
Yardi Senior Housing addresses all of the financial aspects of senior housing living, including charges, accounts payable, accounts receivable, and financial reporting. The program utilizes an integrated accounting approach that allows users to handle these transactions enterprise-wide, streamlining accounting workflow by means of flexible options and automated tasks. Multiple features, such as the Senior Housing monthly posting functionality, have been designed to mirror the billing and posting practices used to accommodate senior housing charge handling.
Yardi Spreadsheet Link is the ideal tool for portfolio managers of every type. It enhances the ability to customize financial reports by providing a seamless bridge, linking Yardi to Microsoft Excel 2000. Data passes directly from the financial files in the database, with simple Excel formulas, into an Excel spreadsheet. This easy to use link eliminates the need to learn complex programming languages to create customized reports, charts, and graphs.
Reviews of Yardi Voyager Property Management Write a Review
The best thing I find it does is allow for drill down on expenses so everyone from the property level on up can see what was spent and many times why. A huge problem is that most of their reports they have built into their system do NOT work and give faulty information. The on site rent roll product far inferior to its competitor One Site. Then they charge you ridiculous fees to customize the reports. The most painful and exasperating experience I’ve had in my 30+ years of property management.
The good: the above mentioned drill down feature.
The bad: the above mentioned inadequately built program and what’s worse, no one at yardi seems to know much about the programs/reports or why they don’t work.