Great All-in-One System

Pros

This system integrates with a lot of different software's so that you can have everything feed into 1 main place.

Cons

Can be challenging at first to use, especially if coming from a different PM database. However, it is built out with a lot of different features that provides a lot of different reports.

Best Platform

I would recommend Yardi over the other platforms.

Pros

I like the reports and how easy it is to find exactly what you are looking for. it is very easy to process POs especially now that vendors can upload invoices directly into Yardi for processing.

Cons

some of the reports take a very long time to pull the information.

The best accounting software for the Real estate space

Overall I love Yardi, I even attended one of their learning conventions in California which was also extremely helpful and I would highly suggest attending if you are a user.

Pros

I love this product it runs so much smoother and is easier to learn and teach than most other accounting products, the graphs offered are great and I love the customizable reports

Cons

Their customer support is not the easiest to contact and get quick resolutions from

One of the most challenging parts of my job is managing Yardi.

7s is a much better product than 6, which is a nice surprise. And payscan has worked well so far. In general, it's been a real struggle. It's just been really hard making Yardi work for my company. Occasionally, I come across a person who is great and knowledgeable, like [SENSITIVE CONTENT HIDDEN] and I try to reengage him or her but it's not always possible to get the same person to help. And sometimes you get one of the support team who is not very good and things can take a long time to get sorted out.....

Pros

It has a robust set of features and has many modules such as rentcafe that are native (hope I'm using that term properly) to the environment- meaning no need to integrate with third party software providers. Tech support is usually quick to respond.

Cons

You really need your own Yardi tech department to get the most out of it. If you don't it becomes critical to work with a Yardi consulting firm in order to customize the software to your business or implement new features. For some reason roommates are treated differently than "primary" lesees by the system. It's infuriating that residents are handled differently just because one was entered into the system first and is considered to be the "primary" resident, even when both folks are on the lease. Moving roommates in and out of the system is a nightmare for accounting. Customizing the leasing process and documents was so difficult and time consuming I had to fire Yardi from the job and engage an outside consulting firm. Yardi refunded my support hours upon request, so that part was good. The workflow is not set up to work in places like Boston or New York. The concept of a broker is foreign to Yardi folks. If you own or manage a single large property or community where all leasing is done in -house then no problem. If you own many properties in urban areas and rely on outside brokers to rent apartments choose a different software platform. Yardi support techs can be infuriating and there is no single person or team that is responsible for my account. I have team leaders for Voyager, Payscan, RentCafe, Lease Docs etc. but no single person is really "driving the train." I've been waiting 3 months or more for the correct version of my annual invoice.

Yardi voyager

Over all i think that yardi is great. I love that it is so customizable.

Pros

I like the ability to automate tasks, reports and letters.

Cons

I would like to be able to do multiple violation letters for the same violation at one time. They changed this recently. I would also like to be able to go from one owner to the next by clicking an arrow. Lastly, i would like to see the account balance on the main owner screen.