School of Life May20

School of Life

There is a common saying that every lesson you need in life, you learn in kindergarten. A few fortunate people, like Gretchen Walker, get to learn those lessons again through the eyes of a professional adult. As a team leader with Yardi RentCafe Reach services and an active member of a Montessori community, Walker regularly takes her lessons from the classroom to the conference room. The far-reaching benefits of work-life balance The RentCafe Reach team is a digital marketing agency for Yardi clients using RentCafe websites. Clients can take advantage of add-on features such as search engine optimization (SEO), pay-per-click advertising (PPC), social posting and reputation management. Walker enjoys her work with the team and the company for three major reasons. “Corporate culture at Yardi is collaborative, transparent and family-oriented,” reflects Walker. “It’s collaborative because everyone is willing to help, no matter what! I’m consistently impressed with the ease at finding answers by asking around. It’s transparent because Yardi’s open-door policy allows for anyone and everyone to know what’s going on with the company from the top down.” “Lastly, and importantly, I believe Yardi is family oriented.  The work-life balance here allows for employees to excel in both areas. I can be an engaged team member and parent without pressure to choose.” South Coast Montessori: lessons for life Yardi’s work-life balance has made space for Walker to serve as a founding board member of South Coast Montessori School. The school stands on the grounds of a previous Montessori school. For the last three years, Walker and her peers have worked hard to revive, redefine and remarket the new entity. In addition to her role as a board member, Walker serves on the fundraising committee and volunteers regularly as a class mom. It’s a lot...

Leading with Action May17

Leading with Action

“Adversity does not build character. It reveals it.” Those words from James Lane Allen have resonated with readers for years. As we face challenges, our true nature is exposed. Yardi is proud to share the stories of several clients that have supported residents, built community and exercised leadership during this difficult time. Employee and resident support The Bridge Employee Emergency Support Initiative to Aid Employees Amidst COVID-19 details support services for team members. Bridge has offered to pay employees’ regular salary or hourly pay during their absence from work due to COVID-19 illness, self-quarantine, or to care for COVID-19-infected family members. The aid supports employees who can work remotely as well as those who cannot. This Initiative exceeds the requirements stated in The Families First Coronavirus Response Act for companies with less than 500 employees. It supplements current Bridge protocols regarding teleworking and enhances the organization’s protective measures for employees and residents. Bridge Investment Group multifamily residents are eligible for the COVID-19 Financial Hardship Assistance Program. Residents can contact property staff to negotiate a rent payment plan suitable for their financial condition. The plans may include deferrals, lease extensions, and renewal opportunities. Bridge will not pursue any evictions for the non-payment of rent during the crisis. “We do not want any resident to be concerned that they will be without a home during this pandemic,” states a recent Bridge press release. Hope through health and fitness To help residents cope with shelter in place practices, Bozzuto has introduced #BozzutoStaysHome, a virtual event series committed to bringing a sense of sanctuary to residents. “Sanctuary means many different things, but at the heart of it is a place where you feel at peace, where you can be yourself,” says Nicole J. Wells, content marketing manager, digital marketing and strategy with Bozzuto. “Prior to scheduling any activities, we first surveyed our residents to learn what topics were of true interest. Wellness and fitness were among the top areas. It’s natural that the place where you are at peace, where you can be your full self, would incorporate movement. Whether through dance, fitness or yoga, you are free to express and be,” says Wells. The #BozzutoStaysHome series emphasizes the importance of physical movement and fitness as a tool to release stress and maintain health. Sessions include yoga, functional movement, and dance resources. The multifamily housing provider also created the Flamingo 21-Day Virtual Wellness Challenge. Residents are encouraged to participate in home workouts. They can then post photos and encourage their fellow renters. Participants earn points that will be used to calculate rewards which include a party thrown by Flamingo—once shelter in place mandates are lifted– and year of free housekeeping services or personal training. In May, Bozzuto encourages residents to join A Wider Circle’s Virtual Race to End Poverty on May 16. Residents can sign up to exercise at a specific time to raise funds and awareness for A Wider Circle. The nonprofit focuses on emergency and long-term solutions for housing and food insecurity. Finding normalcy while sheltering in place Lincoln Property Company (LPC) has kept the atmosphere light by providing ways that residents can make sheltering in place feel more natural. Via social media, LPC shares content from their blog and sites such as Apartment Therapy to give residents tips on sheltering in place. Such resources include a guide to working from home, a list of the most versatile workout apps, bonding activities to do over teleconferencing apps, and quick meals for days when residents feel overloaded. The housing provider is also hosting the #LPCHomeTogether contest. Residents can submit pictures of how they’re making the most of their extended time at home. Submission ideas include pictures of DIY projects, workouts, and family games. Each week, LPC choses a winner who will receive a $50 Amazon gift card. LPC resident relief efforts include options for payment plans and other policies to lessen financial...

A Nurse’s Insights May13

A Nurse’s Insights...

For the latest installment in Voices, a Yardi-sponsored interview series, Senior Housing News spoke with Lisa Conrad, manager of the clinical and compliance team at Yardi. The series features different leaders’ views on trends, topics and issues in the senior living industry. In this case, Lisa’s experience gives her a unique perspective on not only technology changes but the COVID-19 crisis as well. Lisa’s background is actually in health care, not software. She’s a registered nurse who has worked in several different practice areas, from oncology to sports medicine to long-term care. Before Yardi, She was a director of nursing at a facility that had adopted electronic medical records very early on, which spurred her interest in the technology side of care. That role directly led to her position today at Yardi. Keep reading to see what Lisa had to share in her interview with SHN: Generally, how do you apply that clinical background to the technology in your day-to-day work at Yardi? My role is on the clinical compliance team, which focuses on supporting our implementation and customer service teams. We interact in the background with the various departments, whether it be assisting with a sales demo or working with an account manager on client workflows. We develop and do the quality assurance check on all the clinical software to make sure that it meets federal and state regulations. We keep up with federal and state requirements to make sure the software is always compliant. The team itself is composed of health care professionals from different specialties. It’s a really unique group in that we have team members from a variety of backgrounds who bring their own specialized skill sets to the projects we work on. What are the challenges and solutions that...

Industry Perspective May09

Industry Perspective

As multifamily real estate continues to adapt to new standards of social distancing and uncertain economic times, a longtime asset management executive sees signs of positive momentum for the industry. Greg Slang is executive vice president of asset management at KETTLER, a national recognized developer/owner/operator of multifamily assets in the Washington D.C. region as well as Florida and the Carolinas. With a portfolio that includes apartments in all asset classes from affordable to A+, Slang is positioned to observe the impact of the COVID-19 pandemic across property types and resident experiences. He recently sat down for an interview with Dhar Sawh, industry principal at Yardi, to speak about multifamily’s adaption to the changing times and KETTLER’s particularly swift response. You can listen to the full commentary here. Having worked through 9/11 and the Great Recession of 2007-2008, Slang provided an insightful look at the state of the multifamily industry from an asset management perspective. Among the topics covered in his interview: remote work, resident considerations during COVID-19, and what to look out for next. “This all happened very quickly,” said Slang. “It has been very difficult from a shock perspective. I liken it to 9/11, where one day all seems to be fine, and the next day, the whole world seems to be thrown into disarray.” Multifamily has reacted quickly to the social distancing circumstances required by COVID-19, incorporating the use of virtual tours, online leasing and other proactive measures. The only things that truly can’t be resolved remotely are major maintenance concerns. Slang said that the KETTLER team has reacted well to working remotely and is continuing to serve their residents effectively from a safe distance. That may be the norm in the months to come, he noted. “We were very surprised at...

Canada Cares May01

Canada Cares

This period of unexpected hardship has also sparked unprecedented acts of support and compassion. Several Yardi clients in Canada have stepped up to support their residents and communities through financial assistance and emotional support. Shiplake Properties: help during hard times In the throes of COVID-19, Shiplake Properties has launched several initiatives to support residents, essential workers, and the community. Residents of Toronto-based Shiplake Properties Ltd may qualify for credits toward rent increases and $250,000 in gift cards. If experiencing extreme hardship, the firm encourages residents to discuss their situations with property management using a designated email address. Additionally, the property management and development firm has offered $100 in UberEats gift cards or grocery gift cards to support residents and local businesses. For the community, Shiplake Properties founders allotted $250,000 to support University Health Network emergency staff. The funds help cover accommodation costs to support frontline workers who are staying in hotels to be closer to work and minimize exposure to families. The real estate firm also plans to support both Sinai and Sunnybrook Hospitals and The Daily Bread Foodbank in coming weeks. Greenrock Properties offers relief from duress Greenrock Property Management announced a $500K COVID-19 Relief Fund for residents and staff facing financial duress during COVID-19. The property manager has deferred all rent increases for residents. They are also offering flexibility on rent payments, such as allowing residents to use March rent deposits as credits towards April rent payments. For help beyond housing, residents will receive a $100 grocery card. Greenrock Property Management outreach extends into the neighborhoods in which they operate. The real estate firm has donated $300,000 to local nonprofits that aid families affected by COVID-19. “COVID-19 has created unique and extreme challenges for our city and communities. GREA through its Greenrock Charitable Trust has pledged $300,000 towards local charitable organizations to address concerns surrounding food security, mental health, domestic abuse, and senior care during this crisis,” states a press release. Northview uses creativity to spark hope Emotional support can also help residents thrive. To encourage social distancing while nourishing mental wellness, Northview Apartment REIT hosts Social Distancing Balcony Parties. Residents are encouraged to get outside, get creative and create a much noise as possible in support of frontline workers. The first events took place on April 5th and 15th. Residents decorated their balconies and honored frontline workers with noise makers. Whistles, pots, pans, cheering and more could be heard resounding throughout the community. Residents submitted images and videos of their parties for a chance to win $500 rent discounts. Northview matches the discounts with $500 donations to the local food bank. Northview plans to host similar events each week. Additionally, Northview has encouraged residents to paint rocks with uplifting and encouraging messages. Residents have created messages for health, happiness, and support of frontline workers. Creativity contests with CLV Group Ottawa-based CLV Group invites residents to think out of the box and show their creativity on social media. Residents are challenged to create and document visible rainbows throughout the property. To date, residents submitted rainbows using yarn, chalk, balloons, prisms, construction paper, Leggos and more! Participants vote on their favorite submissions and the winners receive grocery store gift cards. CLV Group is also publicly acknowledging their essential workers each week with the Home Heroes series on social media. CLV photographs employees executing their essential tasks throughout the property, accompanied by a brief bio. The comments are filled with messages of gratitude and encouragement. To support prospects, CLV offers rent discounts, lease concessions and free move-ins offers. Prospects can take advantage of a contactless leasing process that promotes health, efficiency, and convenience. Explore more corporate social responsibility initiatives by Yardi...

Senior Living Q&A Apr28

Senior Living Q&A...

How can technology help senior living providers overcome their biggest challenges? To get the answer, Senior Housing News (SHN) recently interviewed our own Ray Elliott, vice president of senior living at Yardi, as part of their Voices series. The content program, which we’re a sponsor of, asks executive leaders for their insights on trends, topics and issues that are shaping the industry. With almost two decades at Yardi, Ray has extensive experience working on software solutions for property management, initially supporting Yardi’s public housing product before taking charge of senior living. He’s seen how technology has grown in both sectors, transforming business as usual in powerful ways. Read on for an excerpt from Ray’s interview with SHN: What do you see as the most impactful way a property management platform such as Yardi can move the needle for senior living providers? Yardi goes beyond just being a property management platform. If you look at our history, that was where the company started, but today we do much more than that. We provide an end-to-end solution that our clients can use from the first engagement with a prospect all the way up through the care of residents. With the Yardi Senior Living Suite, everything is automated. If you’re using our CRM (customer relationship management), and you enter prospect data, details about that individual will make it through the sales cycle. When they end up in your community, you’re able to see everything in our EHR (electronic health record) product, down to their hobbies and interests. All that information flows automatically. Nobody has to transcribe it. Nobody has to enter it again. There isn’t a risk of that information being lost. It’s that sort of value-add that helps move the needle for providers. It helps them...

A Mission in Action

When a company’s mission statement is pulled from the page and implemented in daily life, it can transform the world. Grubb Properties’ vision statement encourages “working together to enhance life and community.” To fulfill that mission, Grubb Properties has teamed up with Habitat for Humanity. Together, they enhance life and community by building homes for those in need. In 2018, the North Carolina-based property manager and developer committed to build one Habitat home per year for ten years. Each home is built in cities where Grubb Properties has a presence. Grubb Properties, Yardi + Habitat for Humanity unite The 2018 build took place in Winston-Salem, NC followed by a 2019 build in Greenville, SC. Shawn Cardner, executive vice president, multifamily operations and information technology at Grubb Properties participated in the Greenville build. He was joined by Yardi team members Paul Yount, industry principal, sales and Jim Hill, director of consulting practices. “Paul and Jim were instrumental in garnering support from Yardi. We are incredibly thankful for Yardi’s financial contribution. To be honest, though, even more impactful was the commitment of time, energy, and travel that Yardi team members made to participate,” says Cardner. Habitat schedules several build days for a given house project. Each day requires at least 20 volunteers for framing, roofing, finishes, landscaping and more. To assist Grubb Properties volunteers, several Yardi employees made the three-to-four-hour drive from Raleigh to Greenville. In addition to Hill and Yount, Yardi volunteers included Zach Smith, Edward McNamee, Terry Judd, and Lucas Bader. “On top of the long drive, they then spent seven hours on the jobsite with temperatures near 100 degrees. It’s one thing to write a check and then tell people how charitable you are. It’s a much more impactful statement when you contribute your time, energy, blood and sweat for something. We’re thankful that Yardi contributed in both ways!” says Cardner. The heart of giving “We all felt a sense of accomplishment at the end. We started from an empty concrete slab and ended the day with all of the interior and exterior walls built and external sheathing attached as well,” reflects Hill. “We enjoyed spending the day with the Grubb team, the Habitat sponsor family and Habitat volunteers.  We all worked as a team. Seeing the finished job was pretty amazing.” Cardner adds, “As a member of our executive team, I’m just thrilled at the way all our employees, communities, and partners come together to work on a shared project. Grubb employees volunteered 368 hours on that build. Our employees also donated $7,055 to it which is just over 10% of the total amount raised through partner sponsorships. I’m incredibly proud to work with such incredibly generous and thoughtful people.” Grubb + Yardi, beyond the software The relationship between Grubb Properties and Yardi began as any B2B relationship would. Yardi provided a service and Grubb paid for it. But over the years, the relationship developed into a mutually supportive partnership. “Folks like Jim, Paul and Stephen Witek have worked tirelessly to develop the partnership that we have today. I don’t use the word partnership lightly. I know Yardi believes that the best way for it to succeed is to help companies like us succeed.” Hill adds, “At Yardi, nurturing client relationships is paramount. Additionally, Yardi is blessed to have the encouragement of Anant Yardi to support local philanthropic projects in the communities where we live. The local impact in our neighborhoods adds a level of personal pride at working at Yardi and in helping our clients and communities at the same time.” Continuing the good work “In the end, the best way to describe Grubb Properties’ stance on philanthropy is just to say it’s who we are,” explains Cardner. “It’s what our leadership believes in. It’s what our employees believe in. It’s even a characteristic of the residents we try to attract to our properties. We want to...

Cancer Support Apr20

Cancer Support

Sometimes experiencing a true hardship, like a life-threatening illness, can present a way to later extend a healing hand for others. That is the story of Erica Jones, a technical account manager at Yardi’s Raleigh, North Carolina office. A breast cancer survivor, Jones is the founder of a 501c3 non-profit organization called Tickled Pink Breast Cancer Support, Inc. which provides healthy Cuisine Care Packages  for patients (men and women) who are without the support of a spouse as they battle breast cancer. That was the position that Jones found herself in when she was diagnosed with breast cancer in 2015. “It was heart stopping to hear those four words: ‘you have breast cancer.’ But going through the treatments really did something to my heart and filled me with compassion for others who were going through those same experiences. I knew I wanted to be able to help others that were on that journey as well.” Jones promised herself that once she was declared cancer free, she would start such an organization. Last year, Tickled Pink Breast Cancer Support, Inc. became a reality and Jones and her non-profit have helped a dozen patients so far, with plans to help many more in the future. Patients receive the complimentary Cuisine Care Packages weekly for up to three months during their treatment timelines. Culinary partners of the non-profit prepare the cuisine, which is full of healthy nutrition and made without preservatives or additives. It’s a much better option than reaching for frozen food or a packaged alternative. Dishes typically include protein, grains and vegetables. For those who might need it based on circumstance like low to no appetite, tender palates or mouth sores, soup and smoothies are an alternative option. Tickled Pink also provides healthy Snack Care...

A Career on the Go Apr09

A Career on the Go

As of March 2020, Carlos Perez will have spent two decades in the data management industry. Three common themes run throughout his career and personal life: technology, Yardi software and change. Carlos has a Bachelor of Science in Information Technology degree with a concentration in Business Analytics from the University of Phoenix. He enjoys collecting music on vinyl, DJ’ing, reading self-motivational books and playing scrabble with his wife and kids. His current position is senior technical analyst for Yardi, specializing in support of public housing agencies and cloud-based technology. The story of how he got here is a bit complicated, to say the least. Carlos was born in Los Angeles, where he spent his first five years before moving to Ensenada, Mexico. Later, he’d move back to Los Angeles, and then back to Ensenada, then San Diego, Tijuana, and ultimately to Santa Barbara. Throughout his moves, Carlos built the foundation of his professional skills on technology and data. He began his career in the PHA industry in 1999, working for the Los Angeles County Development Authority (formerly known as Community Development Commission/Housing Authority of the County of Los Angeles). “We were using VisualHOMES software, but were in the process of switching to Yardi. Our VisualHOMES team was understandably disappointed that we were leaving. But then, not long after, Yardi acquired VisualHOMES, and somewhat ironically, we were once again working with our VisualHOMES team to implement Yardi Voyager PHA,” says Carlos. In 2007, Carlos got married, moved to San Diego and began working as a crime data analyst for the San Diego Sheriff’s Department. In that role, he made a professional connection with a Yardi executive who was doing some work with the San Diego Housing Commission. That connection eventually led to another job change...

Learn, Grow, Excel Mar30

Learn, Grow, Excel

“What do you want to be when you grow up?” It’s a question that kids throughout the nation have considered with light-hearted curiosity. Doctor? Astronaut? Director of an investment management consulting team? That’s is an unlikely response, but Jace Swank has thrived in an unexpected field. Yardi: the right fit Shortly after graduating from UCSB, Swank began his career at Yardi as a technical account manager. About seven years later, he serves as director of consulting practices. He now oversees support and implementations across North America for the Investment Management Suite of products including Investment Manager, Investment Management, and Investor Plus. Though the account manager position interested the recent graduate, he accepted the job offer because of corporate culture at Yardi. “As I asked around and learned more about what Yardi did, I was excited to see the cross hairs between technology and real estate management,” says Swank. “I come from a family of contractors and have always been interested in computers. Using technology to professionally manage properties was of high interest to me.” “Upon further research about the company,” he continues, “I found nothing but great things about the culture and how well Yardi takes care of employees. I can confirm that after nearly eight years here, all my findings were an understatement. Yardi is a great place to be!” Learning investment management firsthand Once he identified the right company, it was time to learn his new role within it. Investment management is new terrain for most entry level new hires. Though the demand for investment management personnel is high, there are surprisingly few programs to prepare young adults for careers in the field. In addition to technical knowledge of the software, discerning clients seek consultants with a firm understanding of their business...

Employee Spotlight Mar18

Employee Spotlight

It all started with a baby.  In 1995, Catriona Orosco welcomed a handsome baby boy into the world. She was quickly dissatisfied, however, by the drab and impractical clothing on the market for nursing moms. “I thought I could do better,” she says. She had no idea that her career with Yardi was in the making. Nursing Mamas and Internet Marketing A few years later, while pregnant with her second son, Orosco created Nursing Mamas, a clothing line for breastfeeding mothers. She teamed up with a friend and began making trips to the Los Angeles Garment District. After each trip, they returned to Santa Barbara with cozy, natural fabrics that they’d take to a local pattern maker and producer. Once a few good products were in development, Cat turned her attention to marketing. “I started a website because I really just wanted to sell the clothes online and work from home,” she says. “It was an incredible learning experience.” Orosco witnessed the birth of Google, and quickly saw the marketing opportunities with AdWords. “I used AdWords very early on and figured out how to optimize my website back in the days when there really were only 10 blue links,” Orosco laughs. “I learned a lot about marketing, and it was exciting to participate in everything that was happening online.” At that time, the average jane did not build her own website. There weren’t handy drag-and-drop features or convenient widgets. There certainly weren’t many resources on increasing organic rankings with search engines. Cat explored the terrain of website building and online marketing, talking to as many people as she could find and testing on her own. When she exhausted her available resources, she got the help of a SCORE consultant. “While they were impressed with...

Love + Basketball Mar14

Love + Basketball

Kelvin Arps braced himself as he steadily dribbled the ball. He was surrounded by his siblings and cousins, some as teammates and others as opponents. Basketball was serious fun in this family, and he knew he’d have to think fast, communicate well, and find creative ways to out-perform his older family members. When those skills combined, he knew he could help bring home victory for his team. In the Office with RentCafe Little did Arps know that he’d grow up to use similar skills in his career. As a RentCafe solutions consultant with Yardi, he applies lessons from the court to his work in the office. “Through basketball, I’ve learned how to overcome adversity and obstacles. I’ve learned to be flexible and accommodating to the clients I work with on an everyday basis. Communication is also key, like explaining our features and the benefits of the RentCafé suite. That way, our clients can choose the solution that’s best for them and optimize their use of the products.” As a consultant, Arps enjoys working with sales representatives across the nation. Each interactive gives him a unique insight into how people handle situations. He then adapts that knowledge to better serve customers in future interactions. “It’s a bit like studying plays and learning about other players,” he reflects. Though Arps excels in his role at Yardi, it’s his coworkers who have made his career most fulfilling—even coworkers those who aren’t Lebron James fans like himself. “Since day one, I have always been myself and been accepted within the Yardi family. I enjoy most how the Yardi culture embraces you and your family with open arms.” Back on the court with his family Arps is no longer a little kid outwitting his siblings on the neighborhood court....

Meet Nicole Graham Feb18

Meet Nicole Graham

How do you efficiently run an affordable assisted living community? We spoke with Nicole Graham to get the answers. Nicole is a licensed administrator for Nevada HAND, the largest nonprofit for affordable housing in the state. They’ve helped thousands find a place to call home – including older adults. Nevada HAND owns and operates two affordable assisted living communities in Las Vegas under the Silver Sky brand. Nicole’s in charge of their location at Deer Springs. Nicole revealed how they grow their community, connect with family members and provide the best possible care for residents through the Yardi Senior Living Suite. We’ve transcribed a few highlights from the interview here, but be sure to catch the video below too. Q: What Yardi products have been most transformative for you and why? We have definitely enjoyed Yardi EHR and Senior CRM. On the marketing side, it’s about knowing where our prospects are coming from and if we want to go back to that market area. But then once they are a prospect in the lead database, it goes all the way through the workflow on to the care side with EHR. Just being able to visually see that whole process has been really great. Q: How does your team maximize lead conversion with Senior CRM? Because you’re able to see the reports and analytics in Senior CRM, we know how long each lead takes and why they might not have moved in. We understand where we are at with that prospect. Are they in rehab? Are they still at home making the decision? Are they over resource because of our affordability and our income limits? Or are they waiting on other resources because they need to make the rent limit? So knowing those lead conversion...

Advocating Accounting Feb13

Advocating Accounting...

In honor of National Apartment Careers Month, we shine a spotlight on professions within the multifamily housing industry. Accountants embrace a multifaceted career that stays relevant even when the winds of change blow their hardest. Their versatile skills sets prove useful in various arenas of the field, offering the professionals options for growth and new challenges. Across the board, accountants enjoy the dynamic atmosphere of the housing industry. It’s not a matter of sitting at a desk for hours, pushing paper and crunching numbers on the same tasks day after day. Tiffany Godley, Senior Accountant at Avison Young, values the flexibility offered by the field because it allows her to remain passionate about her job and interested in her continued growth. “It’s not monotonous by any means. There are new challenges every day; the market is changing every day. Real estate offers so many different avenues to take: apartments, retail, hotels, commercial properties, building–once you’re in, you’ve got so much flexibility. It’s actually hard to get bored.” That flexibility comes in the form of vertical and latitudinal job tracks. Real estate firms open a world of career options for accountants. Sandy Roberts, Controller at Thomson Companies, discovered that her degree and experience qualified her to wear many hats within the company. “[A controller’s] responsibilities can vary, from financials from the beginning to the end of projects, as well as human resources, payroll and beyond. Accountants are under a large umbrella with lots of potential.” Such endless possibilities make accountants an invaluable part of the housing industry. “Accountants become the go-to person that’s always in demand,” she says. Such demand has not seemed to dwindle in face of increasingly sophisticated software. Rather, advances in technology have enabled accountants to perform their jobs more efficiently without...

Staff Appreciation Feb03

Staff Appreciation

Do you have members on your team that go above and beyond the call of duty? Or maybe you want to reassure your staff that their opportunities are just that—opportunities! There are several reasons for employee appreciation efforts. But unless you can offer family vacations and luxury cars for everyone, you may struggle with affordable ways to convey that you care. Show your team some Valentine’s Day love with these creative and inexpensive staff appreciation ideas. First Things First—Thank Them Have you actually said, “Great work” or” Thank you”? If not, start there. The phrases are so simple but when they’re sincere, they’re effective and motivating. While exploring the other ideas on this list, be sure to include a verbal and/or written word of thanks to make the maximum impact. Affordable Group Outings Organize a free, outdoor activity for your staff. Consider a group hike, walk, frisbee golf, or team sport at a local park. Such activities encourage team members to get active (ahem, lower health care costs) while building camaraderie. Team Yoga Corporate yoga classes are another great way to unwind. Yoga can teach employees healthy ways to destress, control their emotional responses, boost energy, and improve sleep. The possible benefits are truly endless! Host a visiting teacher at your office to include as many employees as possible at a reasonable rate. You can also request a private class for your group at a local studio. Many studios will provide mats and affordable pricing for private groups. To accommodate the most students, consider a basic hatha or restorative yoga practices. Community Activities Many neighborhoods host inexpensive activities that can serve as a fun outing for your team–and you don’t have to organize the events! Outdoor movies, concerts, festivals, and food fairs are easy...

Making History

Dorothy Day Place, owned and operated by Catholic Charities of St. Paul and Minneapolis, has made history. With 370 permanent supportive homes and 356 emergency and medical respite beds, it’s one of the largest affordable housing projects in the state. The project is also the largest public-private partnership involving housing in Minnesota history. Dorothy Day Place was made possible in part by a philanthropic collaboration between Catholic Charities and Yardi client, Dominium. New Phase, New Chapter in History Dorothy Day Place wasn’t planned as a record-breaking collaboration. With the first phase complete, Catholic Charities turned its attention to phase two in 2017. Leadership recognized that the ambitious second phase would benefit from the insight and expertise of an experienced developer. Catholic Charities contacted Dominium, one of the country’s largest affordable housing developers and a fellow Minnesota-based organization. The response of Paul Sween, managing partner of Dominium, took Catholic Charities by surprise. Sween offered to develop the second phase of Dorothy Day Place free of charge. Perhaps to Sween’s surprise, the initial request came from the bank. “We instinctively said ‘yes’ to helping with the project when our partner U.S. Bank asked us to do so simply because we knew how important it was to them,” Sween explained in an interview with Housing Finance. “We know the great work of Catholic Charities and how critical the transformation of the property would be to their mission.” Dorothy Day Place broadens the scope of Dominium’s work. Historically, the firm develops and manages affordable housing for people who earn at or below 60 percent of the area median income. The Dorothy Day Place project serves residents with incomes below 30 percent of the area median income. Jeff Huggett, vice president and project partner at Dominium explains, “Every unit...

Become a Yardi Ambassador Jan03

Become a Yardi Ambassador

If you are a Yardi client with an affinity for the technology that has helped better your business, the new Yardi Client Ambassador Program might be a perfect fit for you. This special opportunity for engaged clients is a great opportunity to share feedback, engage on social media, speak with other clients about your tech experience and much more. It’s easy to participate and requires only the level of engagement that works for you. The Yardi Ambassador Program is a direct-to-client engagement program that identifies and engages some of our most enthusiastic, passionate, experienced and strategic clients. These clients reflect Yardi’s markets, products, services and priorities and help contribute to our reference program, marketing content creation, and speakers for Yardi’s regional and corporate events. Sean Geraghty, manager of the program, explained how it works: “The new Ambassador program evolves how Yardi plans to work with some of our most passionate and enthusiastic clients. By formalizing our customer marketing process, we are making it easier than ever to allow Yardi’s clients to interact with us on social media, participate in the creation of marketing content, and share their leadership and knowledge by speaking at our many events,” said Geraghty. In other words, we know clients love to hear about other clients’ experiences using Yardi products, and this program will help facilitate that. “We are also making it easier for us to express our gratitude and thanks to our customers by providing fun rewards and incentives to those clients who participate,” Geraghty concluded. “We want to dialogue with you. Building on our Yardi history of client relationship prioritization, we hope the Ambassador Program will lead to strong relationships and conversations in the months and years to come.” Highlights of the program for clients include: Any customer can participate, regardless of company size or length of contract. Limited engagement includes simply liking social media channels or completing a software review. More involved engagement includes marketing interviews and sharing your success with Yardi products. If you are interested in speaking at Yardi events as a client panelist, this is your chance! Select your level of involvement on our easy online signup form. Does this sound like a good fit for you? Learn more and sign up here....

Changes in the Clouds

Cloud services have changed the roles of executives. CIOs implement fewer on-premises applications. Their technical infrastructure needs have evolved within the Internet of Things. CFOs now mold their capital expenditures pitches to address operations. In the center of those changes floats the cloud, and with it, the continually evolving roles of executives. The Balance Sheet caught up with Shawn Cardner, executive VP, multifamily operations and IT, Grubb Properties, to discuss the evolution on leadership. “The real estate industry, which arguably was slower to adopt technology, now can’t escape its influence,” explains Cardner. “Almost all multi-family marketing is digital, and big data now plays a role in many firms’ daily decision-making and long-term asset strategies. Firms that wish to remain competitive must integrate the CIO role into their overarching business strategy in order to reduce costs and increase revenue.” Benefits of the cloud for CIOs and CFOs The cloud offers several benefits for CIOs and CFOs, specifically. Scalable Solutions Through the cloud, CIOs can capitalize on features and services for small and medium-sized companies that were previously available to large companies. “Being able to play in the same sandbox as the largest of our peers allows us to be competitive in spaces where we might not otherwise be able,” says Cardner. Faster Implementations Finance teams are not dependent upon IT for support. As a result, implementations are rolled out with less friction during office hours and more work can be accomplished, faster. Specialized Software Support When using Yardi Cloud Services and Yardi Voyager to manage the general ledger, for example, the IT team does not invest resources in maintaining the accounting software. Updates and security are managed off-site by Yardi. Finance owns the application but supports the business processes in a more specialized manner. Cardner adds, “It’s worth noting that different challenges exist. There are fewer technical skills required of my team with a full-service solution like Yardi.  There are, however, more nuanced soft skills and relationship skills required of us, which are sometimes difficult to find within technology circles.” Shorter Queues for IT With Cloud-based applications, there is less demand for IT to manage hardware or software. This often results in lower on-premises infrastructure costs. CFOs and their departments experience improved time to value, greater autonomy, and maintain ownership of software without being hampered by implementation or management during office hours. CIOs and their teams reduce hardware and software support, may decrease total cost of ownership, and can focus on specialized tasks. Addressing the risks Conversations about the cloud inevitably include risk management, security, and compliance. CIOs, CFOs, and COOs must collaborate proactively mitigate risks. “There is a tendency to recoil from the cloud when news of breaches occurs because of the bad press and notoriety.  I’m reminded, however, of an IT saying, ‘The cloud is just someone else’s computer.’ An open port on a firewall turns an entire network into an unwanted cloud service, so diligence and thoroughness are necessary, regardless,” explains Cardner. He continues, “Modern security technology is quite robust, whether on-premise or in the cloud.  The weak link of security in today’s age is people. Malware, ransomware, phishing and much of all data theft and loss are a result of improper employee conduct or inadequate employee training.  When vetting a new cloud provider, that’s where my focus lies.” The future of leadership The value of infrastructure continues to be an integral part of CIO responsibilities. Even with available outsourced and cloud-based solutions, CIO’s still need to consider infrastructure and its strategy fundamental to the job. Yet now more than ever before, CIOs are becoming strategists. The emphasis shifts to discerning which services an organization needs to thrive rather than focusing on infrastructure. “Traditionally, CIO’s were strictly service providers and, in many organizations, didn’t sit at the table where strategy decisions were made.  However, the proliferation of digital technology across and within organizations now mandates a level...

Senior Living Leaders...

New regulations. Rising acuity. Huge demographic shifts. There’s no doubt that senior living as an industry is changing. And it’s changing faster than many providers are ready for. But there are a few who are facing these challenges head on, ready to adapt with novel practices and new technologies. Earlier this year, Senior Housing News spoke with nine such leaders in senior living as part of a series they call the Changemakers, sponsored by Yardi. They published the interviews individually over the past few months (and we chronicled a few here on The Balance Sheet), but they’ve now compiled the highlights – along with the leaders’ accomplishments, tips and insights – in a complete ebook for your reading pleasure. Download the ebook to learn how these senior living innovators are pushing the industry forward. There’s a wealth of experience and learnings shared throughout the pages, so you don’t want to miss it. Not convinced? Here are a few great excerpts:   “[Our] program has been studied by Vanderbilt University. What we’ve learned is that, one, residents who experience mild cognitive impairment can thrive within assisted living, and also that it’s possible, as I said, to change the trajectory of the disease process. That’s a mind-bending accomplishment, particularly for a disease process that still has no medicinal cure.” – Patricia Will, Co-Founder & CEO of Belmont Village Senior Living       “We have people who have lived long lives, who have gained life experience and, hopefully, some wisdom. Now, there’s that opportunity not just to sit on the front porch in a rocking chair, but to become engaged with the world around you and to share that wisdom, to share that life experience out into the world, and to make a difference. To cement...

Baked Goodness

You ever get a warm, fuzzy feeling when you do something good for someone else? It’s not that dissimilar to the first bite of your favorite dessert made by a loved one. Both are rich with compassion, joy, and the warmth of the holidays. Yardi Atlanta introduced its first annual Bake Off, a baking competition that honors the spirit of holiday giving. It has set the tone to be a favorite for years to come. Creating The Bake Off Yardi Atlanta’s first annual Bake Off was bittersweet. In the past, the office hosted a potluck for Thanksgiving. Yardi corporate provided the ham and turkey and all additional sides and desserts were made by employees. It was a fun and much anticipated event. Yet as the Yardi Atlanta team grew, volunteer coordination of the potluck became less feasible. A fantastic local caterer saved the day. Yet devoted bakers—as well as devoted eaters of homemade goodies—sought a creative way to continue the tradition. “The Bake Off now serves three purposes,” explains volunteer coordinator Kelsey Aslani, technical account manager, consulting practices at Yardi. “The Bake Off was formed because so many of the employees here really enjoy making food to share. This helps maintain the sense of community that Thanksgiving at Yardi has always garnered. Secondly, we were able to maintain a focus on corporate social responsibility by supporting local nonprofits.” With a smile, she adds, “Lastly, everyone loves a good competition.” Baking for Good: North Fulton Community Charities Proceeds from The Bake Off benefit North Fulton Community Charities (NFCC) and Atlanta Food Bank. Yardi contributes ongoing support to NFCC , a local nonprofit that serves more than 4,000 people. Families turn to NFCC for emergency aid and enrichment programs. Through the organization, they access resources to promote...