Yardi has again been named a winner of Glassdoor’s 16th Employees’ Choice Awards, honoring the Best Places to Work 2024. The Glassdoor Employees’ Choice Award is based solely on the input of employees, who voluntarily provide anonymous feedback by completing a review about their job, work environment and employer on Glassdoor, the worldwide leader on insights about jobs, work environments and companies. “We are humbled to be included with so many great organizations and by the consistent, positive support of our global employees, which resulted in this honor,” said Kevin Yardi, vice president at Yardi. “For over 40 years, we have achieved steady growth by taking care of our customers, employees and communities. If you are looking for a great place to grow your career, Yardi is hiring in many offices worldwide.” Find career opportunities at careers.yardi.com. Yardi is the only software company focused on real estate on the 2024 list. The company was previously honored in 2023, 2020 and 2018. “Work life is rapidly changing, and professionals are turning to Glassdoor to share their experiences about working for some of the most competitive employers in the world,” said Christian Sutherland-Wong, Glassdoor Chief Executive Officer. “The Best Places to Work award is a stark reminder of the power of Glassdoor, from arming professionals with career insights and real-time conversations about all things work and life, to providing employers with feedback to improve.” Employees’ Choice Award winners for the Best Places to Work 2024 were determined based on Glassdoor-approved company reviews submitted by U.S.-based employees between October 18, 2022, and October 16, 2023. During the year-long eligibility period, employers considered for the large list must have received at least 75 ratings for each of nine workplace attributes (overall company rating, career opportunities, compensation and benefits, culture and values, diversity and inclusion, senior management, work-life balance, recommend to a friend, and six-month business outlook). The final list is compiled using Glassdoor’s proprietary algorithm, led by its Economic Research Team, and considers quantity, quality and consistency of reviews. For the complete list of the Glassdoor Best Places to Work winners in 2024, please...
Embracing Peach Fuzz
Marketing + the Color of the Year
Color is a highly influential yet often overlooked element critical in marketing. Pantone’s color of the year for 2024 is Peach Fuzz, which brings a feeling of kindness, caring and collaboration. Peach Fuzz is poetic and romantic and reflects the past, yet it has been refashioned with a contemporary ambiance that brings beauty into the digital world. Color psychology explores how different colors affect human perception and decision-making in powerful ways that marketers can utilize. Let’s explore the various colors and the psychology behind them to help better target audience and influence marketing campaigns and branding. Blue and branding. The color blue promotes a sense of trust, calmness, security and reliability. Blue is always a safe choice for interviews and conveys professionalism. Blue is associated with the throat charka functioning with communication, creativity, expression and truth. Many companies rely heavily on different shades of blue in branding and websites to align with their images of dependability and professional authority. Yellow sparks happiness and energy. The bright and sunny color yellow commands attention by stimulating memory and encouraging communication. Associated with joy and optimism, yellow boosts positivity, sparks imagination and builds confidence. Yellow is associated with the solar plexus charka. It is located just above the navel on the body and functions for expression, accountability and personal power, aligning with the color yellow’s energy. Companies across industries enliven their brands with splashes of yellow to convey happiness, hope and positivity. Many fast-food brands like McDonald’s and Subway integrate yellow prominently in their advertising and restaurants to stimulate appetite and help create an upbeat, family-friendly dining experience. Add splashes of yellow for resident event campaigns to create that same positive and cheerful effect. Green and organic vibes. The natural color of green induces a strong association...
Stay Healthy ...
Navigating Flu Season
This cold and flu season has been tremendously terrible for many. Between the flu, COVID-19 and RSV, many have felt the wrath of these illnesses. Here are some ways to navigate this flu season by staying mentally and physically healthy. Create an outline for a daily wellness routine that includes healthy habits for flu prevention. Start the mornings with gratitude and make time for deep breathing and meditation. Mindfulness practices reduce stress and support mental health. Drink water throughout the day, even if you don’t have a fancy Stanley cup! For a refreshing drink, make a special immunity water with fresh lemon, cucumber, mint or ginger. Water absorbs nutrients, is a critical component of lymphatic fluid and supports the health of mucous membranes. Incorporate more walking, whether in the morning or evening. Outside, fresh air helps the body, mind and soul. Never complain! Not even with coworkers—complaining is toxic. Always include healthy habits for flu prevention by washing hands regularly for 20 seconds, avoiding close contact with people who are sick and avoiding touching eyes, nose or mouth. For more healthy habits, see the CDC guidelines. Make time to schedule and incorporate immune-boosting foods, adequate sleep and exercise. Essential vitamins and minerals are crucial for immune support during flu season. Incorporate some of the following that play a vital role in immune health: Beta Carotene: found in plant foods such as sweet potatoes, spinach, carrots, mangoes and broccoli. Vitamin C: citrus fruits, melons, berries, bell peppers, tomatoes and broccoli. Vitamin D: fatty fish and eggs. Milk and 100% juices fortified with Vitamin D are also good choices. Zinc: Best absorbed in beef or seafood but also found in tofu, beans, nuts and wheat germ. Probiotics: probiotics are good bacteria that promote health and are...
8 Advantages Of Our Online Portal
New Senior Living Infographic!
It’s crucial for senior living operators to keep residents, families and staff connected online. This requires technology built for the task — a solution that’s mobile-friendly, intuitive to use and completely secure. This built-for-you software should make around-the-clock communication effortless while offering a convenient place for all parties to complete important tasks. That describes RentCafe Senior Living Portal, our all-in-one solution designed for the unique needs of senior living. We put together a fresh infographic to show you 8 specific ways the platform offers unmatched value. 8 ways our secure online portal helps operators like you With RentCafe Senior Living Portal, you’re set to: Empower residents, families and staff to communicate anytime, from anywhere Give families peace of mind with instant access to resident health updates Offer convenience and increase cash flow with online payment options Boost satisfaction with easy-to-use, mobile-friendly features Enable electronic signatures for leases, pet contracts and more Organize and expedite maintenance requests Drive resident engagement for community wellness activities Collect confidential feedback to protect your reputation The proof is in the portal “The resident portal allows us to communicate and provide information to our residents and their families quickly and conveniently,” shares Yardi client Dan Poteet, chief information officer at Westminster Village. “Residents and their families have given us positive feedback about online payments, the activities calendar and the ability to get community information on their own.” Today’s population prefers technology Transitioning residents (and their adult family members) to an online portal is easier than you may think. In fact, many want the conveniences and connections technology brings, even if it’s unfamiliar. In fact, according to AARP, 44% of adults age 50+ view technology as a helpful way to stay connected and 54% of adults age 50+ want to learn more about using technology. Get in touch with us RentCafe Senior Living Portal is part of the Yardi Senior Living Suite — our single connected solution designed for senior living. Ready for a closer look? Reach out to book a personalized...
See Brightwater’s Success
With Yardi Senior Living Solutions
“The centralized location of all the information in the Yardi Senior Living Suite is a game changer.” That quote comes from our brand-new success story featuring Quintin King, president at Brightwater Senior Living. King joined us for an insightful interview to share Brightwater’s positive, transformative experience with Yardi Voyager Senior Housing, Senior IQ, EHR and RentCafe Senior CRM. We got a front row seat to the challenges Brightwater faced before working with Yardi, then a detailed look at their successes since making the switch. Read on to see how the above solutions (all housed on a single platform as part of the Yardi Senior Living Suite) are helping Brightwater drive efficiency, save time, mitigate errors and more. Meet Brightwater Headquartered in Oregon, Brightwater Senior Living designs spaces, services and amenities which adapt to the life, needs and choices of residents. Brightwater has worked to create beautifully designed, meticulously managed communities (13 in total) staffed by the highest caliber senior living professionals. Read more about Brightwater’s journey and commitment to care. The challenge Brightwater used to rely on disparate technology solutions and manual processes. Not only did this approach require teams to navigate multiple systems and platforms, but it was also time consuming, costly and prone to errors. The solution Brightwater chose the Yardi Senior Living Suite since it seamlessly connects every tool they need on a single platform. Teams now work smarter, faster and more efficiently with an intuitive, integrated solution hosted on the cloud. The story Since moving forward with the Yardi Senior Living Suite — which automates processes and integrates workflows — Brightwater is building success like never before. This includes: Gaining hours back across teams — now that Brightwater is no longer navigating disparate systems and manually transferring data, teams are experiencing significant time savings. Voyager Senior Housing, Senior IQ, EHR and RentCafe Senior CRM offer secure integrations and real-time information sharing — helping leaders and staff complete tasks faster than ever. Unlocking a 75% reduction in manual reporting — with Yardi automating processes Brightwater previously did manually, operations are smoother, teams are empowered and errors are mitigated. With Senior IQ in particular, teams have access to readily updated data and reports via attractive, sharable dashboards — meaning a majority of Brightwater’s manual reporting efforts are no longer necessary. See more of Brightwater’s success If you’d like an even closer look at Brightwater’s wins with each solution, we’ve created a more in-depth resource to share with you. Read Brightwater’s complete success story here. If you’re interested in booking a demo to see our senior living solutions in action, reach out to our...
Meal Kits: Worth the hype?...
Comparing food prep options
With so many meal delivery services out there, who is the best? If you want to join one but are overwhelmed with marketing emails and social media ads, we researched the offerings to see who ranks the best on price, tech-savvy, customer satisfaction and dietary options. Hello Fresh Hello Fresh started in 2011 in Germany and has been the most popular meal kit service worldwide. The company boasts of being budget-friendly, fresh, tasty and sustainable. With over 7 million active customers and over a billion in net revenue, this sounds like a no-brainer when selecting them for service. The app is rated 4.7 on Apple and ranks #23 in its charts for food and drink. However, with the pros come the cons. According to Consumer Affairs, Hello Fresh ranks 1.4 stars with unbiased reviews. Many lower rankings for Hello Fresh stated that the food was too small of portions and surprised billing issues. Overall, Hello Fresh appeals best to the working adult for easy, healthy recipes that do not require shopping at grocery stores or searching for recipes, and it’s cheaper than eating out. Blue Apron Blue Apron is an American ingredient and meal kit company headquartered in New York City. It rated 4.7 on Apple and ranks #166 in its chart for food and drink. Consumer Affairs ranks at 2.9 stars. Again, appealing to the working adult, Blue Apron offers conveniently prepared meals and wellness plans for healthier options and even wine delivery for wine suggestions for meals. Blue Apron uses non-GMO ingredients, hormone-free meats and sustainably sourced seafood. However, it does not cater to niche diets such as Keto or Vegan and does not have options to exclude allergens. Plus, many find it to be overloaded with plastic packaging. Home Chef Home...
2023 Highlights
A Year in Review
As December comes to a close, it’s time to look back and reflect. 2023 was another remarkable year for Yardi offices and employees around the world. Here were a few of the highlights. Glassdoor Employees’ Choice Award In January, Yardi started off the year strong as we were honored with a Glassdoor Employees’ Choice Award for the third time as one of the Best Places to Work in 2023. The Glassdoor Employees’ Choice Award is based solely on the input of employees, who voluntarily provide anonymous feedback by completing a review about their job, work environment and employer on Glassdoor, the worldwide leader on insights about jobs and companies. “Taking care of our employees and offering opportunities to contribute to our clients’ success are guiding principles at Yardi,” said Anant Yardi, the company’s CEO and founder. “We are honored to receive this prestigious award again from Glassdoor, and we are grateful for the supportive culture that has been fostered at all levels within our organization.” Voyager 8 Unveiled The latest edition of Yardi’s flagship property management and accounting software has much anticipated user-friendly upgrades and features. Voyager 8 will be widely available to clients beginning in January 2024. “The biggest thing with Voyager 8 to get excited about is the user experience. The user interface is completely different. It’s a big leap from Voyager 7S. It’s not a leap in terms of the upgrade process, though,” said Rob Teel, president of global solutions, in September at YASC in San Diego. In addition to the new user experience and simple upgrade process, Voyager 8 is built for compatibility with artificial intelligence (AI), promising a continual opportunity for real estate companies to use the new technology for efficiency and smoother operations. Want to learn more? Reach out to our sales team. Yardi Virtuoso brings AI to real estate This fall, Yardi released Yardi Virtuoso, a multifaceted platform built to shape the future of AI in real estate. Virtuoso delivers automation technology across various applications to expedite workflows, increase efficiency and augment teams for improved performance and better net operating income. “The AI platform automates repetitive workflows and routine tasks to help our clients reach new levels of efficiency. We look forward to seeing its positive impact through 2024 and beyond,” said Akshai Rao, president of residential at Yardi. Learn more about this human-centered approach to AI. Forbes Cloud 100 In August, Yardi was named again to the prestigious Forbes Cloud 100 list, the definitive ranking of the top 100 private cloud companies in the world, published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures. Yardi was a member of the inaugural Cloud 100 in 2016 and is the only company focused on the real estate vertical this year. “We’re honored that Forbes continues to recognize Yardi for our cloud technology and services,” said Jay Shobe, senior vice president of cloud services at Yardi. “Since the inaugural list, this inclusion has reflected our employees’ continual efforts and our clients’ unfailing support worldwide.” Another major EPA honor In March, Yardi received the 2023 ENERGY STAR Partner of the Year Sustained Excellence Award from the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy after being named Partner of the Year for five consecutive years. The award celebrates companies that offer energy services and products in the commercial, institutional or industrial markets for successfully assisting clients with strategic energy management and building design. Partner of the Year award winners have committed long-term to fighting climate change and promoting public health through energy efficiency messaging. Cloud VO acquired In June, Yardi announced the acquisition of CloudVO, the San Francisco-based online reseller of virtual offices, meeting rooms and other workplace services. Laurent Dhollande, CEO of CloudVO, commented: “We are thrilled that CloudVO is now part of Yardi. Our partners will benefit from the Yardi listing service with infinitely more reach and strength than CloudVO could provide...
Office Celebrations
Around the world
End of year gatherings were abundant this year, with many Yardi offices ending the year with festive get-togethers. Here are some highlights from #TeamYardi celebrations worldwide. In North America, Canada celebrated its 25th anniversary and gathered to celebrate with raffle prizes, dancing and more. The Atlanta office had a fancy holiday reception at the Delta Sky360 club in Truist Park and had a sweet and spicy gingerbread house competition in the office for the end of the year. Michael Sturniolo’s team made an impressive win with a double-decker gingerbread house, “Gingerbread Jack & the Jellybeanstalk.” (See photo in gallery at end of post.) The Raleigh office gathered for a festive evening out with collegues, featuring food, drinks, a photo booth and lots of laughs. On the East Coast, the New York office had a holiday lunch with a surprise VIP guest (Mr. Anant Yardi) at Benjamin Steakhouse, and the Long Island office had a holiday party at Crest Hollow Country Club. Scottsdale, Minneapolis, Salt Lake City, and Boise had fun competitions with games, golf and basketball. In Texas, the Dallas and Irving offices gathered for a fun family night at the Mavericks NBA game. The UK had a holiday celebration at Fairgame in London and embraced some friendly competition, with Harry McBrearty having the most points and winning a 5ft bear! The Middle East celebrated the festival of lights—Diwali- in Pune and Dubai. Dubai also marked the end of the year presentation with a fantastic lunch, a gift exchange and New Year spirit. Additional images from the celebrations can be seen below. Thanks to all the offices who shared photos of their gatherings. Wishing you a safe and joyous holiday...
Reflecting on 2023
Focus on Personal Growth
As 2023 closes, take some time for reflection and introspection to gain some valuable insights from the past year. Consider exploring the following aspects so 2024 is the most successful year yet! Achievements and milestones. When popping the champagne for the new year, celebrate the big and small accomplishments made throughout the past year. Each achievement is a triumph, a testament to dedication, hard work and perseverance. Whether it was a project that exceeded expectations, a personal breakthrough or a significant professional accomplishment, these moments are the building blocks to success. Remember that milestones are the markers of progress toward a larger goal, and achievements are specific accomplishments. For example, achievements are receiving an award or recognition, whereas a milestone is buying a new home or getting a promotion. Both deserve that extra clink and cheers at midnight! Challenges faced. Challenges and obstacles can be opportunities for personal and professional growth. Some milestones and achievements are challenges that have been conquered. Acknowledge these challenges with pride, for they are the foundation of future endeavors. These insights are invaluable and offer a blueprint for navigating future challenges. Remember, a smooth sea doesn’t make a skilled sailor! Learnings and takeaways. Identify lessons learned from the past year that emphasized personal development and self-awareness. Each lesson learned is a wealth of knowledge. What worked? What didn’t? Reflect on the strategies, decisions, and actions contributing to milestones and achievements. Incorporate SMART goals for the new year and make them a priority. Gratitude. Practice gratitude by reflecting on the positive aspects of the past year. Journalling is an excellent way to practice gratitude and reflect on the year’s achievements and milestones. List everything you’re grateful for and read it daily. Foster a positive mindset for the future. More positivity...
Spreading Holiday Cheer
Yardi Senior Living Clients
‘Tis the season to share sweet and uplifting holiday stories, and there’s no shortage available from our senior living clients! We absolutely love spotlighting their activities and celebrations each year — from Christmas caroling to decorating parties — to bring some holiday cheer to The Balance Sheet. Enjoy the roundup of stories below. Making seasons bright at Pacifica Senior Living Pictured in a recent LinkedIn post, residents across Pacifica Senior Living communities have been decking the halls with Christmas decorations! They’ve also been enjoying events like Pacifica’s Jingle Bell Brunch — a gathering packed with festive food, Christmas caroling and mingling among residents, families and staff. And speaking of staff, Pacifica’s culinary teams are bringing seasonal cheer to their communities through a holiday dessert competition. Each chef is recreating a special dish, sharing the traditions and stories that inspired it! You can read about their merry creations on Pacifica’s blog. Creating holiday magic at Brightview Senior Living At Brightview Senior Living, residents brought the magic of Christmas to life with a festive poem reading. You simply have to watch the video posted on their LinkedIn, which happens to include some residents dressed for the season (spoiler alert, it includes Santa and Mrs. Claus). Brightview Severna Park also had a special visit from Saint Nick during the community’s 10 year anniversary party! The photos shared on social media remind us that it’s truly the most wonderful time of the year. Walking in a winter wonderland at Watercrest Senior Living Watercrest Senior Living is no stranger to holiday magic, which we got to see in this collection of photos on LinkedIn. They’ve created glorious winter wonderlands across their communities with the help of residents and staff! Keeping up with the spirit of the season, they’ve also shared photos from their festival of trees event and a snapshot of residents making holiday-themed crafts. Decorating for the season at Maplewood Senior Living We loved seeing how Maplewood Senior Living created festive fun for residents this holiday season! That includes ornament and wreath-making at Maplewood Orange, pictured on social media. Residents got the chance to hang their creations on trees throughout the community, as well as on their apartment doors. Happy holidays from team Yardi We hope you enjoyed the holiday highlight featuring our senior living clients. From all of us at Yardi, we wish you happy holidays and a wonderful new year! If you’re looking to connect with us in the new year and learn more about how we support our clients, reach out here....
Compare Your Communities
Using RentCafe Senior CRM
It’s crucial to keep the pulse on your competitors in the senior living space. You need to understand why one community may be attracting new prospects more successfully — or even enticing your current residents to make a switch. Unfortunately, assessing the competition is challenging when your data isn’t organized, easy to retrieve and error-free. That’s where our competitive analysis feature comes in. You simply input the data you’ve collected on your competitors — things like community amenities, care-level incentives and reputation — then RentCafe Senior CRM takes care of the rest. The dynamic solution presents competitor data in an attractive, easy-to-analyze format and thanks to seamless integration with Yardi Voyager Senior Housing, your own community’s data is populated automatically — making it easy to draw comparisons. Our new competitive analysis infographic shows more of how it works: What is competitive analysis? As defined in Business News Daily, competitive analysis — also known as competitor analysis — is the evaluation of your organization’s products or services (and how well they’re performing) compared to other organizations in your market. How does it work? Our competitive analysis functionality helps you centralize competitor data, streamline reporting and compare communities quickly and efficiently. You enter competitor information directly into RentCafe Senior CRM then unlock organized, intuitively presented insights that live in one secure place. Why do you need it? With organized competitor details and data-driven insights at your fingertips, you’re equipped to make faster, informed decisions for your community’s benefit — decisions to help your community stand out from the crowd. In fact, according to LinkedIn research, data-driven companies outperform their competitors by up to 20%. Explore self-competitor functionality Curious to see how your own communities stack up against each other? RentCafe Senior CRM offers self-competitor functionality! With real-time data flowing in from Voyager Senior Housing, you can conveniently compare your communities with precision. No more pulling information from multiple sources — wasting time and risking errors. Learn more and see competitive analysis in action RentCafe Senior CRM is a mobile-friendly sales and marketing solution designed for senior living operators. Ready to learn more and see competitive analysis in action? Reach out for a personalized...
New Enhancements are Here!
Yardi Senior Living Suite
Ready for new, easy-to-use features in the Yardi Senior Living Suite? We’ve got you covered! Our latest release (7.19) is available now and includes enhancements in RentCafe Senior CRM, Yardi EHR and eMAR. As always, these enhancements were made possible by our fantastic senior living clients. We appreciate your feedback — it helps us drive continuous improvements in our solutions each year. Read on for a highlight of what’s new in this release. Current clients can also watch the accompanying webinars, linked below. See what’s new in RentCafe Senior CRM RentCafe Senior CRM is our mobile-friendly customer relationship management platform built to help providers nurture leads, maximize occupancy and so much more. We’re continuously expanding the functionality to help our clients find success. Thanks to the latest release, RentCafe Senior CRM now offers: 1) A new speed to lead KPI that measures lead response times 2) The ability to analyze leads lost to competitors within prospect deactivation reports, analytics and tiles 3) An enhanced interface with ActiveDEMAND including options to populate web visit, call, text and email data Watch the CRM/CRM app new features webinar. Discover five fresh features in Yardi EHR Yardi EHR — our full-service electronic health record solution — is designed to help staff deliver the best resident care. We love speaking with clients to see how we can drive improvements to make that process easier. With the 7.19 release, Yardi EHR now includes: 1) A new resident overview dashboard that shows a quick view of records 2) Options to add body images to assessments 3) Custom data templates for progress notes 4) The ability to import vitals in Care Stream from the DS smart app 5) Interact Assisted Living Version 2.0 Watch the EHR/eMAR new features webinar and the EHR/eMAR setup new features webinar. Explore the latest in Yardi eMAR Yardi eMAR, our electronic medication administration record, takes the paperwork out of medication management. The solution is ever-evolving to support our clients through passing medications, communicating with pharmacies and more. Courtesy of the new release, Yardi eMAR now provides: 1) The ability to set default schedule durations for drug classifications in medication orders 2) An improved lab/radiology interface that alerts when lab results enter Yardi EHR 3) A fresh KPI card and offers a new button for viewing results linked to orders Watch the EHR/eMAR new features webinar and the EHR/eMAR setup new features webinar. Get in touch with us We hope you enjoy the latest enhancements! For a complete list of new features, clients can click Help in EHR or CRM and select Updates and New Features. If you’re new to Yardi senior living solutions and ready for a closer look, book a meeting with our...
Webinar Recap
2023 Changemakers + Yardi
To help professionals across senior living prep for industry changes ahead, we joined Senior Housing News (SHN) last month to host an insightful roundtable webinar — Senior Living in Flux: C-Suite Changemakers Discuss a Transforming Industry! Featuring experts Sarabeth Hanson of Harbor Retirement Associates (HRA), Earl Parker of Commonwealth Senior Living, Sevy Petras of Priority Life Care and Yardi Director of Healthcare Solutions Fil Southerland, the conversation offered tangible ways to navigate change expected for 2024. Read on to discover the webinar’s key takeaways on topics crucial to senior living today: Major ways the senior living industry is changing The importance of the middle market How to meet the needs of a new consumer Key ways technology is shaping the industry’s future 2023 Changemakers + Yardi expert share advice and insights When asked where they see the industry changing, the panelists shared a range of answers. Sevy focused on the power of technology and data, stating the two will push the industry forward come 2024. For Sarabeth, change is centered around serving a new consumer — baby boomers — as well as senior living staff, who now have different expectations than years prior. Earl brought the conversation back to technology, emphasizing the small margin for error in today’s industry and how that’s driving a focus on data. He spoke to Commonwealth’s success with Yardi Senior IQ — our business intelligence powerhouse — in harnessing real-time data to make sharper, informed decisions. Fil relayed Yardi’s focus on digital transformations and accelerating complex workflows to meet the needs of today’s communities. Sarabeth chimed in to share more positive experiences with Yardi’s evolving solutions, focusing on the benefit of using fully integrated tools that unite on a single platform. Shifting gears to speaking on the middle market,...
OPTECH 2023
AI-Powered, Human-Centered
From Nov. 1-3, NMHC OPTECH brought together the brightest minds and the latest innovations in the multifamily industry. Las Vegas was the hub of important conversations surrounding the present and future of real estate technology. Here’s a quick recap of the event, including more information about the new AI-driven, human-centered solutions we recently announced. Meet your maestro, Yardi Virtuoso Whether you went in person or were staying updated from the sidelines, one innovation stood out amidst the bustle of the conference: Yardi Virtuoso. By weaving artificial intelligence across the Yardi platform, you’re not just streamlining your processes — you’re transforming workflows. Virtuoso is your gateway to a more efficient future. It offers an AI-powered agent that seamlessly integrates with Yardi solutions, revolutionizing your workflow through the power of generative AI. This new tech also leverages machine learning, natural language processing and more powerful capabilities to help solve problems in your day-to-day and drive your business forward: Tap into the power of an AI-powered assistant to do more with less – effortlessly track tasks, generate reports and more with a simple voice command Significantly reduce invoice processing time and cost Improve prospect and resident communications with a bot that can chat, text, email and call It’s the future of AI in real estate. Virtuoso doesn’t just analyze, it harmonizes — bringing together disparate, manual parts of your workflow and creating an AI-powered, human-centered symphony. Stay updated. A medley of insights Yardi leaders contributed to pivotal discussions at the event, delivering insights on technology’s evolving role within the industry through the following sessions: Yardi Vice President Michael Tuer participated in the “Multifamily Technology Spending and Staffing” panel, offering insights on necessary adjustments the industry must make to navigate an increasingly tech-centric future. In “Operationalizing Resident Fee...
Measure The Benefits
Electronic Leasing For Senior Living
When you lack efficient leasing tools, turning senior living prospects into residents can be challenging. But how do you identify the best tools? Which solutions are built to last? Paper-based processes aren’t optimal due to the risk of manual errors and lost documents. Not to mention, they can be costly. Electronic leasing tools are much more efficient, especially when you opt for a fully integrated solution likes ours. With tools across the Yardi Senior Living Suite connecting on a single platform, you’re set to simplify move-in workflows, reduce expenses and make the prospect-to-resident journey seamless. To show you just how valuable electronic leasing tools are, we have a helpful cost analysis checklist in store. Learn more and get a glimpse at what the checklist offers below. What is electronic leasing? As part of an overall set of leasing tools, electronic leases are a digital version of the rental contract you already know. They replace paper leases and ancillary forms with secure, digitally stored files. But keep in mind that with the Yardi Senior Living Suite, you access more than just digital documents. We offer integrated electronic leasing tools that streamline every step of the move-in process. In short, you can easily generate custom leases in RentCafe Senior CRM, mark them for electronic signatures in RentCafe Senior Living Portal and automatically store completed documents in Voyager Senior Housing. Without electronic leases and an integrated workflow, on the other hand, you face: Perpetual operational costs Hours spent generating leases and ancillary documents Lost prospects who wish to sign forms remotely A halted sales cycle and decreased move-ins And more How to compare costs with our checklist Now that you know more about electronic leasing, we invite you to review our cost analysis checklist! It’s an intuitive...
Visit Booth 1219
At LeadingAge 2023
It’s almost time for the LeadingAge Annual Meeting and Expo, a one-of-a-kind senior living conference. Each year, the event offers an opportunity to network with likeminded professionals, gain fresh perspectives and discover innovative technology solutions shaping the industry’s future. Team Yardi is excited to attend, we invite you to visit booth 1219 to connect with us! We’ll show you the latest advancements in the Yardi Senior Living Suite, our single connected solution designed for the unique needs of senior living. We also have a special giveaway in store (spoiler alert, it involves delicious, Chicago-style popcorn). Get the details below — we hope to see you there. About LeadingAge 2023 Hosted at McCormick Place in Chicago, Illinois, this year’s LeadingAge Meeting and Expo is a can’t-be-missed experience packed with informative sessions. Focused on topics most relevant to the industry today, the sessions will offer impactful takeaways delivered by senior living experts. As LeadingAge puts it, it’s an event crafted to fuel your mission. The conference will span from November 5-8. If you’d like to explore what’s planned, preview the LeadingAge 2023 schedule. Meet with team Yardi & grab some gourmet popcorn Interested to see the newest innovations in the Yardi Senior Living Suite? Have questions for us? Wanting to simply come say hello? All are welcome at booth 1219 — we’ll be stationed there throughout the conference. If you’d like to schedule a specific time to meet, contact us and we’ll get something on the books. As mentioned, we’ve planned a neat surprise for our booth: gourmet popcorn! But it’s not just any popcorn — we’ll be offering snack bags from Garrett Popcorn Shops, a Chicago favorite. You can expect a combination of their staple flavors including CaramelCrisp, CheeseCorn, Buttery and Garrett Mix. Anyone who stops by is welcome to a snack bag, but we encourage you to stick around for a quick activity, too. We’ll have post-its available for you to write a short message sharing what you love about Yardi (plus a popcorn-themed board to stick your message to). If you’re new to Yardi solutions, you can also share what you love about the senior living industry — or what excites you about technology looking ahead. We hope you’ll pop in and participate! The popcorn and post-its will be available all hours the show floor is open on November 6 and 7. See you next week We’re looking forward to seeing you at LeadingAge 2023. If you’d like to get familiar with our dynamic senior living software before the conference, join an on-demand...
NMHC OPTECH
Yardi Reveals AI-Driven Tech
Yardi is showcasing new solutions at the 2023 NMHC OPTECH Conference & Expo, including the latest generation of Yardi Voyager, an artificial intelligence (AI) platform and a Microsoft® Power BI connector. The event is set to take place Nov. 1-3 in Las Vegas, Nevada, and is a yearly gathering for leading figures in multifamily operations. Yardi is proud to be a longtime supporter of NMHC OPTECH and is once again a Platinum Sponsor for the event. Booth 105 will showcase new AI-powered and human-centered technology from Yardi. This includes solutions designed to help operators “compose their future,” leveraging the combination of one connected system and AI to drive performance and maximize efficiency. Eventgoers can schedule demos with the Yardi team at the booth to see the new solutions for multifamily, including: Yardi Voyager 8, the latest generation of the industry-leading platform, now with a fresh update to further enhance the user experience. Yardi Virtuoso is an AI platform built to complement Yardi solutions. It leverages AI, large language models and machine learning to drive operational efficiency between people and technology. RentCafe CRM IQ, a customer relationship management system that provides full visibility into prospect, applicant and resident workflows, in addition to enabling centralized leasing and operations. RentCafe Chat IQ, an automated attendant that answers prospect and resident questions via chat, text, email and calls. Yardi Data Connect, a secure data feed from Voyager to Microsoft Power BI that allows more customization capabilities and inclusion of third-party sources, along with preconfigured dashboards. Book a meeting to see all new solutions up close during the conference or join an on-demand...
Ghostly Real Estate
Historic, and Haunted?
Halloween is around the corner and got us thinking some spooky thoughts—the market for “probably haunted” real estate. In New Orleans, “haunted” properties are so common that some properties include “not haunted” tags on their For Sale signs. Let’s delve into some practical advice for individuals interested in purchasing a potentially haunted property. In a recent article, a funeral home in Massachusetts was listed. Instead of the traditional “for sale” sign, the real estate agent decided to pique the interest of paranormal enthusiasts and staked a sign outside that read “probably haunted.” Is the property haunted? Nobody can know for sure, but given the history, it’s a possibility. Every state differs on what is to be disclosed to buyers. Material defects such as a leaky roof or older HVAC systems are disclosed, but life gets a bit more interesting when the house’s flaws may be tragic, gruesome or paranormal. A murder-suicide inside the house is considered a psychological stigma and does not constitute a material defect. One caveat is that a seller cannot misrepresent a property’s history. If asked about crime scenes or family tragedies, a seller must be truthful. Buyer Beware: We are Haunted. Caveat emptor is a common law doctrine that places the burden on the buyers to reasonably examine property before purchasing. A buyer who fails to meet this burden cannot recover for defects in the product that would have been discovered had this burden been met. Buyers need substantial “due diligence,” especially if the price of the home is “too good to be true.” Knock on the neighbor’s door or hire a medium, because you’ll likely never know if you don’t ask. Research local town legends and the historical records of the building, especially if it is a particularly older...
Executive Insights
Yardi IM Briefing
At the recent Yardi Advanced Solutions Conference in San Diego, leaders in real estate investment management exchanged insights into industry challenges, trends and how Yardi solutions make a difference in their business. Participants in the briefing were: Adam Vanni, senior portfolio manager for Fairfield, a San Diego-based multifamily property investment company with about 42,000 units under management Bailey Breish, CFO for Alturas Capital Partners, which manages a real estate investment fund with more than 45 assets. Donnie Penney, principal business analyst for Invesco, a real estate investment manager based in Dallas. Josh Gladstein, chief technology officer for Berkshire Residential Investments, which manages more than 120 multifamily properties and about $27 billion of assets under management from its Boston headquarters. Taylor Waldo, director of IT project management for San Francisco-based Prime Finance, which invests across all real estate asset classes through 10 active funds. The session was moderated by Yardi Investment Management team members Vicki Dodig, director of sales, and Susan Freehauf, senior director of professional services. Discussion at the session, edited for length and clarity, included: Keeping Pace with Evolving Technology Waldo: “The accounting cycle doesn’t change, the tax cycle doesn’t change. But our team members need to constantly adapt to get their business done. So we try to create a culture of change that helps our team feel comfortable. I work to make sure everybody from the leadership team understands the impact that change will have on them and be trained on using the new technology. If you want somebody to give up their beloved spreadsheets, there has to be something in it for them, even if that’s just words of encouragement, words of acknowledgment that they’re getting help to do things the right way. My job is to get all our business...
Optimize Community Wellness Programs
With RentCafe Wellness
Ready to effectively manage your community wellness programs? With RentCafe Wellness for senior living, you’re equipped with online activity calendars, attendance tracking and real-time information sharing — all accessible on a single platform — making it easy to optimize your wellness initiatives. Learn how RentCafe Wellness will take your wellness programs to the next level (and benefit your staff, residents and their families) in our infographic below. Schedule activities Manage RSVPs from residents and family members Flag registrations as required or optional and set fees as needed Track resident attendance and monitor changes in behavior Forecast staffing needs for each activity Create digital calendars Share calendars on your community’s RentCafe website and via RentCafe Senior Living Portal Offer a single calendar per community or multiple calendars categorized by care Easily designate which details remain consistent and which vary month to month Download and print calendars to display across your community Empower staff Unlock intuitive dashboards equipped with KPIs Generate analytic reports to assess an activity’s impact Plan and execute follow-up care using activity wellness information Save time thanks to simplified workflows Offer convenience Enable residents and families to sign up for activities, manage registrations and more from RentCafe Senior Living Portal and the mobile app Allow residents and responsible parties to submit monthly payments for paid wellness activities with Payment Processing Keep family members in the loop with real-time information sharing Ensure residents’ wellbeing is continuously monitored Help everyone stay connected from anywhere Learn more about RentCafe Wellness Let’s enhance your wellness programs together. Check out the full RentCafe Wellness infographic then select get in touch to schedule a personalized demo! Want to see RentCafe Wellness in action today? Watch this on-demand webinar....
