For over fifty years, Interface Children & Family Services (ICFS) has become Camarillo, Calif.’s most comprehensive nonprofit social services agency, providing direct and responsive services to address the complex needs of its clients and local communities. As a critical safety net for children and families, ICFS provides 30 distinct programs across seven core program areas: Mental health and trauma treatment Domestic violence and child abuse prevention Youth crisis and homelessness Human trafficking prevention and intervention Justice services 211 information and assistance in 31 California counties Today, ICFS serves tens of thousands of local individuals annually, assists 250,000+ callers through the 211-call center across the state, and continues to earn the respect of individuals, businesses, and foundations. Their support, through grants, donations, and in-kind services, is crucial in ensuring that the work of ICFS is sustained and the community’s needs are met. ICFS continues to seek innovative solutions to respond to the needs of its dynamic communities. ICFS aims to increase the accessibility of mental health and trauma treatment services for children and youth, specifically in Simi Valley, Moorpark and Fillmore and reduce the number of homeless youth by expanding its street outreach program into the Conejo Valley region. ICFS also hopes to expand the delivery of emergency and disaster-related information during high call volume through 211 text and 211NOW online video streaming services. Funding from Yardi is directed to support the Interface Runaway & Homeless Youth Shelter. This funding empowers ICFS to successfully engage youths throughout the region who are traditionally underserved and experiencing homelessness (often with mental health challenges) with culturally competent, person-centered social services. “Youth homelessness is a critical challenge facing Ventura County. By providing emergency shelter, case management, family mediation, and supportive housing assistance, we aim to reduce (and eventually eradicate)...
Connect With Us
Fall Senior Living Events
2024 fall events are right around the corner! Our senior living team looks forward to meeting with you and sharing the latest innovations with our single connected solution. See which events we’re attending below, then book time to visit us at each. NIC Fall Conference Visit us at the Woodley Park meeting room at the NIC Fall Conference — you’ll learn how our fully integrated technology helps providers unify operations and deliver quality care. We’re pleased to be an official NIC Conference partner. Book time to meet us at NIC. Event details: Marriott Marquis in Washington D.C. September 23-25, 2024 AHCA/NCAL Convention & Expo Connect with us at the AHCA/NCAL Convention & Expo to explore how the Yardi Senior Living Suite creates a foundation for success. You’ll find team Yardi at booth 2119. Schedule a meeting with us at AHCA/NCAL. Event details: Orange County Convention Center in Orlando, Florida October 6-9, 2024 SMASH 2024 Let’s network at SMASH 2024 — we’ll share how our single connected solution helps providers raise the bar. We’re happy to be a Premier Platinum sponsor. Plan time to see us at SMASH. Event details: JW Marriott Las Vegas in Las Vegas, Nevada October 14-16, 2024 LeadingAge Annual Meeting Meet with us at booth 2239 at the LeadingAge Annual Meeting. Our team will show you around the Yardi Senior Living Suite (including what’s new). Get a meeting on the books at LeadingAge. Event details: Music City Center in Nashville, Tennessee October 27-30, 2024 CALA Fall Conference & Trade Show Connect with team Yardi at booth 510 at the CALA Fall Conference & Trade Show. You’ll discover how our single connected solution offers every tool you need, all centralized in one place. We’re excited to be an Awards Luncheon sponsor. Reserve time to meet us at CALA. Event details: Renaissance Palm Springs Hotel & Palm Springs Convention Center in Palm Springs,...
Energy Efficient Fall...
Maintenance Tips
Regular maintenance in the fall can save property owners significant money and stress down the line. Here are five things to do to prevent minor problems from becoming major this season and beyond. HVAC Tune-up Preparing the HVAC system for the colder months is essential to keeping the property comfortable and energy efficient. Change air filters regularly to improve air quality and system efficiency. Clean out air ducts to ensure proper airflow. Have maintenance inspections for thermostats and upgrade to a smart programmable thermostat for better energy control during the winter. With the changing season, send email reminders to residents to keep up with the air filter changes with a quick maintenance request in their resident portal. These steps prevent potential breakdowns and improve energy efficiency, lowering utility costs and making the property more appealing to energy-conscious consumers. Roof & Gutters The roof is the first line of defense against winter weather, making fall the perfect time for any necessary maintenance. Inspect for loose or missing shingles to prevent leaks. Check chimneys, vents, and skylights to ensure the flashing is sealed correctly and free of cracks. Gutters are crucial in safeguarding the property’s foundation and roof. Clogged gutters can lead to water overflow, damaging the siding and foundation. It’s essential to clean out leaves, sticks and debris that may accumulate during the fall. Check downspouts to ensure water is being directed away from the foundation. Inspect for any gutter damage such as cracks, sagging or leaks and have maintenance repair them promptly. Regular gutter maintenance during the fall can prevent costly water damage, foundation erosion and ice dams in the winter. Weatherproofing Weatherproofing a property is not just a comfort issue. It’s also about saving on energy costs. Improve energy efficiency when a resident...
For Oak Cliff
Bringing Systemic Change
Oak Cliff has become a popular neighborhood in southwestern Dallas, Texas. Unfortunately, with gentrification, South Oak Cliff has experienced hardship. Fortunately, For Oak Cliff has become the backbone of the community, providing foundational support to empower residents. Yardi-supported nonprofit For Oak Cliff (FOC) was founded in 2015. It engages and supports residents of the “Superblock” to realize their greatest potential by believing in themselves and their collective power to advance the neighborhood’s desired outcomes. Through the collective movement of organizations, residents and community partners in and beyond the Superblock, FOC brings systemic change and generational impact to the community. FOC’s work is based on four pillars to address systemic disparities: Education Advocacy Community Building The Arts These pillars are fulfilled in a two-generation (2Gen) approach, a unique strategy that serves parents and children simultaneously through many interdisciplinary programs. This approach provides comprehensive support to families and fosters a sense of unity and shared growth within the community. “FOC is focusing on providing culturally relevant programs to families of all ages,” said Xavier Henderson, chief development officer at For Oak Cliff. FOC provides services directly to clients at the Community Campus, which has improved the neighborhood’s environment and secures partners to fill resident needs on-site. In 2022, FOC made its final payment to acquire the former Moorland YMCA. With this acquisition, FOC increased its space from 4,000 to 20,000 square feet with ten acres of land. This new facility allows for scaling FOC’s existing programming and adding athletics, environmental sciences and civic engagement. “To date, FOC has recruited over 3,500+ people to our free membership,” Henderson said, highlighting the growing momentum and community support for FOC’s mission. Funding from Yardi supports FOC in stabilizing the general operations of programs and administration as its leadership, team, and board work to create a formal strategic plan to evaluate its impact better and solidify its long-term vision. “We are so grateful for the support Yardi has continued to provide,” expressed Henderson. He continued, “We are grateful both for this donation and the continued belief in our mission and vision here in South Oak Cliff. Our team was elated for this year’s gift not only because you all donated again but also because of the dramatic increase! We are thankful for our growing partnership with you all.” Events at For Oak Cliff FOC recently held its Back to School Festival in August, celebrating its ten years of service. The festival was a joyous occasion where kids received backpacks stuffed with school supplies and enjoyed music and goodies. FOC is now gearing up to launch a 10-year capital campaign in 2025, which will be unveiled at the 2025 Juneteenth Gala. “We would love for the Yardi team to know that we will be planning a Juneteenth Gala in 2025, and we will send out an invite as the date gets closer. This gala will celebrate ten years of service and an opportunity to learn more about our strategic plan and our vision for the future,” Henderson explained. Volunteer Opportunities FOC has volunteer opportunities throughout the year for its monthly Famers Market, the first Saturday. Those interested can fill out the form here. Find future non-profit profiles at https://www.yardi.com/blog/category/giving. Yardi is Energized for Good! Visit www.yardi.org for more about our philanthropic...
Self Storage Update
From Yardi Matrix
Despite the uncertainty fueled by declines in advertised asking rental rates, investor interest remains high for acquisition and development, depending on seasonal patterns as well, according to industry data contained in the latest Self Storage National Report from Yardi Matrix. The annualized same store advertised asking rate reached an average of $16.31 nationally in August 2024. That is a 4.3 percent decrease on a year-over-year (YoY) basis. This is the 23rd consecutive month of declines. All top metros tracked by Yardi Matrix saw negative movement in advertised asking rents in August. Combined same-store advertised asking rents for non-climate-controlled units and climate-controlled units decreased YoY. Rates for larger units are faring better than those for smaller units in almost all metros. Yardi Matrix tracks a total of 3,408 self storage properties in various stages of development, including 837 under construction, 2,063 planned and 508 prospective properties. Yardi Matrix also maintains operational profiles for 32,142 facilities, bringing the total data set to 35,550. Gain more information on the performance of the self storage sector. Yardi Matrix offers the industry’s most comprehensive market intelligence tool for investment professionals, equity investors, lenders and property managers who underwrite and manage investments in commercial real estate. Yardi Matrix covers multifamily, affordable housing, student housing, vacant land, industrial, office, retail and self storage property types. Email [email protected], call 480-663-1149 or visit yardimatrix.com to learn...
Spotlight on Affordable Housing
YASC session gives inside look
If you’ve attended a Yardi Advanced Solutions Conference (YASC), you know that Yardi addresses professionals from every property management industry segment, including affordable housing. The Affordable Housing Spotlight Session during YASC drew approximately 400 people representing providers from across the country. During the session, Yardi Director of Client Services Jackie Mills-Delling gave attendees a glimpse into Yardi’s vision for the future of affordable housing property management. Agenda items included a schedule of Yardi software releases, guidance on HOTMA implementation and solution overviews for different types of affordable housing organizations. What’s Happening with HOTMA? HOTMA stands for the Housing Opportunities Through Modernization Act of 2016. Through HOTMA, the U.S. Dept. of Housing and Urban Development is updating guidelines for several affordable housing programs that will streamline core administrative processes. Jackie provided HOTMA updates for HUD 50059, Rural Development, HOME and Low Income Tax Credit properties. The updates covered the changes that HOTMA will bring, including new forms, reports, financial calculations and more. “HOTMA has been an ongoing priority for Yardi as we work with affordable housing providers to get prepared for everything coming their way. YASC is a great opportunity to get a lot of people in the room to have a discussion of the current status of these important changes to the industry,” said Jackie. Voyager 8 Perhaps the most anticipated portion of the spotlight session was a look at Yardi’s newest version of its flagship affordable housing solution, Voyager 8. Voyager 8 includes a reimagined user interface for affordable housing professionals called Compliance Manager. YASC attendees saw a demo of Compliance Manager, many for the first time. Yardi expects to release Compliance Manager, powered by Voyager 8, in the coming months. Compliance Manager centralizes access to affordable housing data, compliance reviews, metrics, communication tools and automated income and asset verifications. With Compliance Manger, users can access each of these tools from a dashboard that does not require switching screens or logging into separate modules. “The new Compliance Manager interface will enable users to quickly see and access what they use as their daily routine. It truly is a reimagined user experience, and it’s coming soon for Yardi clients,” said Jackie. Current Yardi Voyager users will be able to access Compliance Manager at no cost and without extensive implementation efforts once they’ve migrated to Voyager 8. Solution Recommendations Another exciting portion of the spotlight session provided attendees with a look at Yardi affordable housing solutions that may be a great fit for their current and future needs. For example, the overview of Maintenance IQ showed how affordable housing providers can enhance their ability to comply with federal inspection standards “This tool has the potential to significantly enhance maintenance efficiency, reducing unit turnaround times and seamlessly integrating with procurement processes. It streamlines the integration of materials needed for tasks like changing a lock or faucet directly into the workflow,” said Jackie. Other products covered during the session included Yardi Aspire, which is a complete learning management solution, Yardi Verification Services which delivers income and asset verifications usually within a matter of minutes, Yardi Case Manager, a ticketing solution for tracking service delivery, and much more. “YASC offers a great time for our clients every year. But, beyond the fun and entertainment, there really is a focus on educating Yardi clients on our current and future solutions. There’s a lot to learn at YASC, and this affordable housing spotlight session was a great example,” said Jackie. Interested in attending a Yardi event? Check our events page for information about client events and industry tradeshows happening in the United States and Canada. If you’d like more information about Yardi affordable housing solutions, visit our website or call (800) 866-1144 to ask for an online...
Home Energy Rebates
Multifamily rebate incentives
If you’re wondering how you can get started with energy rebates, you’ve come to the right place. These incentives provide upfront savings while saving you thousands on utility costs for years to come. For example, switching from baseboard heating to a heat pump saves an average of $1,300 per year. These rebates are not just about saving money — they also create more sustainable communities while improving living conditions for low-income and disadvantaged communities. Budget season is an opportune moment to review outstanding repairs and strategize on how communities can leverage direct savings effectively. Keep reading so you’re ready to act when the time comes. The Inflation Reduction Act in a nutshell In 2022 President Joe Biden signed the Inflation Reduction Act into law, dedicating nearly $400 billion to fund clean energy and address climate issues. From this, $8.8 billion will go to Home Energy rebates, including the Home Efficiency Rebates and Home Electrification and Appliance Rebates. States are encouraged to dedicate up to 10% of rebate funding, with a $400K cap, to support upgrades in low-income, multifamily buildings. The Home Efficiency Rebates Program (Section 50121) Section 50121 awards rebates for energy efficiency improvements in residential buildings. This program is about incentivizing property managers and homeowners to make energy-saving improvements, rather than requiring full renovations and complete overhauls. By targeting improvements, such as HVAC systems, the program aims to reduce our energy consumption and utility bills. Here’s what you need to know: Eligibility: Rebates are available for energy-saving measures, such as insulation, air sealing and high-efficiency HVAC systems. Benefits for multifamily property owners: Owners can receive rebates for upgrades that reduce energy consumption — leading to lower utility bills and improved tenant satisfaction. Funding allocation: States are required to allocate a portion of the rebate funds to low-income multifamily households, ensuring broader access to energy efficiency improvements. Home Electrification and Appliance Rebates (Section 50122) Section 50122 offers rebates for qualified electrification projects for low- or moderate-income households. Electrification is crucial for transitioning homes away from carbon-powered energy. By offering rebates for qualified projects, this program encourages property managers to adopt more efficient technologies that reduce carbon footprints and improve indoor air quality. Here’s what you need to know: Eligibility: Includes rebates for electric stoves, heat pumps, water heaters and other energy-efficient appliances. Benefits for multifamily property owners: Provides direct incentives, including point-of- sales rebates of up to 100% for properties serving residents with an area median income (AMI) of 80% or lower. A portion of funds is specifically reserved for underserved communities. By upgrading to modern energy-efficient appliances, property owners can reduce utility costs and increase energy efficiency. Funding allocation: Encourages the adoption of electric appliances, contributing to the overall reduction of carbon emissions from residential buildings. Community benefit: Contributes to combatting climate change while delivering long-term savings. Electric appliances offer smart features that enhance convenience and allow users to optimize energy consumption. What does it all mean for property managers and the community? These forward-thinking incentives save costs for property managers while reducing our reliance on fossil fuels. Not to mention, updated and efficient appliances mean happier tenants. It’s a win for you, the environment and your residents. Now, let’s assess some of the key takeaways: Financial incentives: Rebates offset the cost of energy efficiency and electrification upgrades. Pass-through benefits: Property owners who receive rebates for energy efficiency and electrification improvements must pass the savings on to renters, meaning they can benefit without facing rent increases. Targeted assistance for low-income households: A significant portion of the rebate funds are allocated specifically for low-income households. This ensures that the most vulnerable have access to energy-efficient and electrified homes. Tenant notification and consent: Property owners may be required to notify tenants about planned improvements and obtain their consent, particularly when the upgrades involve entering rental units. This ensures transparency and respect for renters’ rights and privacy. Affordability: Programs often include...
Support Value-Based Care
With Senior Living Technology
Looking to advance value-based care (VBC) in your senior living communities but not sure how to get there? Our fully integrated solution — the Yardi Senior Living Suite — is built to help. To give you a better understanding of how VBC works (and how our technology can support you) we created an informative new ebook. Don’t miss the insights shared — get a highlight below then explore the full ebook. What is value-based care? VBC focuses on the quality of care and the resident experience. More specifically, enhancing the resident experience through proactive, personalized and person-centered care. In today’s senior living communities, providing VBC can drastically improve resident health outcomes and increase operational returns. How does our technology support VBC? The Yardi Senior Living Suite combines resident care, marketing, sales, finance, business intelligence, pharmacy, operations and more on a cloud-hosted, HIPAA and SOX-compliant software platform. The suite of products is single-stack — uniting on a fully integrated platform — and offers intuitive functionality that helps you provide the best care and improve health outcomes across your communities. Taking a closer look, our single connected solution supports VBC by: Enhancing communications among residents, families and the entire care team. Providing data-driven insights for identifying at-risk residents, proactively mitigating issues and offering preventative care. Empowering staff with interoperable workflows, personalized to meet resident needs. Supporting community wellness programs and boosting resident engagement. Ensuring comprehensive population health management thanks to actionable information and trends. Offering a digital signature workflow that enables quick adaptation of care plans as resident needs change. Presenting health care data that’s pulled into the clinical intake, equipping you to report on resident status during transitions of care. Enabling value-based care reimbursement models. Centralizing data in one secure place, sharing a cohesive picture of resident health with physicians, health systems and more. Explore our single-stack solution for VBC Yardi EHR: Yardi EHR is a full-service electronic health record solution that unites clinical intake processing, medication management, resident assessments, interoperability, care planning and more. It enables streamlined analysis of population health metrics and real-time information sharing — helping you track and improve resident health outcomes. Senior IQ: Senior IQ is a dynamic business intelligence solution that presents real-time, community-specific data in sharable dashboards. You have the power to analyze actionable information and identify trends — helping you predict resident health outcomes and adjust care plans accordingly. RentCafe Wellness: RentCafe Wellness is a comprehensive community wellness solution that enables you to schedule activities, share information via online calendars, track resident attendance and more. By supporting resident engagement and providing families with access to wellness information, you reduce the risk of isolation — optimizing resident health outcomes. Read the ebook in full The Yardi Senior Living Suite offers more tools built to support VBC — read the ebook in its entirety to learn more. And if you have any questions for our team, don’t hesitate to reach...
Look Out Below
Managing Sinkholes
One of them, measuring 100 feet wide and 50 feet deep, opened up at the center of a soccer complex in Alton, Ill., taking down a light pole, benches and artificial turf. Another one in Madera, Calif., consumed a truck trailer. Others forming in front yards in Highland City, Fla., and Las Cruces, N.M., swallowed vehicles and forced residents to evacuate their homes. These are a few of the sinkholes that have been reported in the U.S. just this year. Sinkholes occur when depressions in the ground have no natural external surface drainage, so when it rains, the water remains inside the sinkhole. Over time, the water erodes underlying soluble rocks such as gypsum or limestone, creating underground spaces and caverns. When the underground space becomes too big to support the land above it, the land surface collapses. They typically vary from about three to 165 feet deep. The largest recorded U.S. sinkhole, in central Alabama, formed in 1972 and measures about 325 feet long, 300 feet wide and 120 feet deep. While sinkholes are a natural phenomenon, human activity such as groundwater pumping, soil removal, drilling, and construction of dams and other water impoundments can weaken underlying rock and accelerate their development. Damage caused by sinkholes totals at least $300 million annually, according to the U.S. Geological Survey. Many sinkhole collapses go unobserved in remote areas or are not reported to authorities. Rare but meriting attention Signs of potential sinkholes include slumping or falling trees or fence posts, plants that die as their water is drawn away, interrupted utility services and a circular pattern of ground cracks. While sinkholes can be ominous, they are “blessedly rare,” engulfing only a few of the more than 140 million housing units in the U.S. every year. A...
Graham Pierce
Yardi Employee Profile
Yardi’s global offices make essential contributions to property management and investors worldwide. Today, meet Graham Pierce, from the European PSG team. Pierce is a leading investment management services team member and a UK commercial consultant. Pierce has been working at Yardi for 13 years. He spends his time in the office checking whether people have the information and decisions they need to progress on their tasks and whether anyone is looking for help, mainly if they are in different time zones. His workload includes a mix of consulting, working with sales and solutions consulting teams and longer-term and ad hoc questions and requests for support and escalation. “I get to work with many very intelligent, capable and motivated people from whom I learn from all the time. I feel supported and valued by my boss and superiors, and I can give my team stimulating work, help them where needed, and look after them,” said Pierce. Pierce feels that the work culture at Yardi is meritocratic. People in senior positions have an incredible grasp of detail, and good ideas are adopted. In contrast, the occasional bad ones are challenged logically and respectfully, irrespective of who came up with them. “In the consulting team, we are not focusing on selling time but on getting clients live, which is a much more rewarding way to work. We have a lot of tremendously smart, experienced, and capable people who are friendly and helpful and invested in one another’s success,” Pierce explained. Pierce describes Yardi as a stable company with a strong growth track record and a long-term outlook. It’s a nice place to work with high employee retention, which excites new hires to start work here. “It’s easy to take all of this for granted after 13 years, but when...
Inspiring Generations
National Assisted Living Week
It’s time for this year’s National Assisted Living Week (NALW), an annual recognition of assisted living communities and the individuals they serve. NALW was established by the National Center for Assisted Living (NCAL) in 1995 and each year, a special theme is announced. The 2024 theme — Inspiring Generations — encourages senior living staff, residents and families to share stories and wisdom with one another. We’ll share more on this year’s observance below, covering how our senior living clients are participating. Happy #NALW! Learn about National Assisted Living Week NALW seeks to recognize assisted living communities and highlight the important role they play. Specifically, their role in caring for America’s seniors and individuals with disabilities. The 2024 observance encourages communities around the country to offer events in honor of NALW — and to educate the public about the importance of long-term care. Fortunately, NCAL provides a thorough planning guide each year to help communities drive these events forward. Check out the 2024 planning guide from NCAL! See how Yardi clients celebrated this year Pacifica Senior Living took to social media to spotlight NALW, including an announcement post shining light on the joys of community living. Pacifica also shared posts celebrating individual communities — complete with heartwarming photos — including Pacifica Encinitas, West Park and San Leandro. At Benchmark Senior Living, a celebratory blog post was dedicated to NALW (plus a LinkedIn post sharing a snapshot). The blog post honors this year’s NALW theme with inspiring stories from Benchmark communities, all focused on residents. Maplewood Senior Living also posted on LinkedIn for NALW, sharing a strong message: associates are the heart of Maplewood communities, and their devotion to residents deserves recognition. “This week, we celebrate the exceptional dedication and compassion of our associates who make every community a vibrant, caring place for our residents,” shared Maplewood in the post. For Vitality Living, NALW is all about honoring the incredible bonds formed between residents, team members and volunteers. Their social media post encourages other communities to celebrate the connections they share — and notes appreciation for individuals across Vitality communities. Join the 2024 observance It’s never too late to celebrate assisted living communities and the residents they serve. Join the cause by reading more on National Assisted Living Week — and share your own stories on social media with the hashtag...
Coalition for Family Harmony
24-hour Advocates
Coalition for Family Harmony is the only dual-domestic violence and sexual assault community-based organization in Ventura County, Calif., providing comprehensive intervention, prevention, and education on intimate partner violence and sexual assault. Since 1976, the Coalition for Family Harmony has provided an array of survivor-centered, trauma-informed programs aimed at healing the emotional and physical pain following violence and encouraging generational change for its youth. “We ask for funding to support the operations of our 24-hour emergency intimate partner violence and sexual assault services teams,” said Noel Stalcup, director of operations for Coalition for Family Harmony. Its 24-hour intimate partner violence team operates out of two emergency shelters, one for clients from the public and one specifically for clients from indigenous cultures in Mexico. Its shelter programs offer immediate access to emergency shelter, rental assistance, individual therapy for families, transportation, food and clothing, temporary restraining orders and employment advocacy. The newest feature of its domestic violence program is the mobile healthcare clinic. The Coalition partners with a local medical doctor to provide regular medical care to those affected by domestic violence living in shelters across Ventura County. The Coalition for Family Harmony is also home to Ventura County’s only rape crisis program. Advocates respond 24 hours a day, providing in-person crisis support to those affected by sexual assault during a forensic exam and law enforcement interviews. Advocates provide survivor-centered, trauma-informed care throughout the healing stages, including linkages to its sexual assault individual and group therapy and play therapy for youth. The Coalition hopes to increase domestic violence shelter capacity by collaborating with the Ventura County Family Justice Center. With goals to include expansion for bilingual clients, sustain legal programs restraining order service and increase legal assistance, strengthen partnerships and increase the number of volunteers for the 24-hour rape crisis response calendar. Unfortunately, the Coalition for Family Harmony is facing budget reductions that directly impact its core emergency shelter and rape crisis programs. “Last year, our emergency program served 5,535 survivors and their children in Ventura County with life-saving services. With the proposed reductions, we will not have the capacity to serve our community and the survivors who rely on our services,” said Stalcup. Funding from Yardi helps the Coalition for Family Harmony support emergency domestic violence and sexual assault programs. Funding helps them keep two part-time advocates shifts filled for its 24-hour calendar for rape crisis response and emergency shelter for clients and their families to escape violence at home. “We thank Yardi for their continued support and look forward to the possibility of receiving a donation for Yardi’s annual non-profit giving campaign,” expressed Stalcup. Volunteer Opportunities The Coalition for Family Harmony has various volunteer opportunities. Those interested in volunteering must be trained and ready to represent the Coalition at numerous events, interfacing with the community and spreading the word about its essential services. For more information, please fill out the volunteer application form to help make a difference in the lives of their clients. “With your support, we can make a significant difference in the lives of survivors and work towards creating a safer and more supportive Ventura County community,” expressed Stalcup. Find future non-profit profiles at https://www.yardi.com/blog/category/giving. Yardi is Energized for Good! Visit www.yardi.org for more about our philanthropic...
Go With the (Data) Flow
Budgeting Simplified
Connecting accurate information to support budgeting, leasing and construction projects is essential to optimizing CRE asset performance. Working with the right set of software tools not only ensures transparency and data accuracy but also provides real-time and actionable insights. For example, when live data from the leasing pipeline and construction projects are available within your budgeting solution, you can manage forecasts on a rolling basis without the hassle of updating spreadsheets. So what’s the best practice? Using a single stack solution with a single source of truth and real-time data access. From lead-to-lease pipeline management to streamlining the budgeting process and optimizing the construction lifecycle, connected solutions with seamless dataflow and automated workflows can unlock operational efficiency. Side-by-side comparisons and real-time budget tracking Yardi Forecast Manager is a full-featured software solution that enables clients to monitor annual budget performance relative to their approved budget. Clients can promote deals from Yardi Deal Manager to Forecast Manager and use re-forecasting to accurately analyze their budget based on all deals in the pipeline. A built-in hover-over feature in the forecasting tool shows where a particular data set originated and clients can make necessary adjustments along the way. Correspondingly, Deal Manager incorporates settings that ensure the appropriate information is pushed to Forecast Manager. When it comes to assessing risk, clients have access to a comprehensive view of their portfolios in both Deal Manager and Forecast Manager and they can filter and view a wide range of information about each space — even across properties — including tenant risk and lease expiration date. As an additional benefit, Forecast Manager enables clients to easily identify deals (when they also use Deal Manager) at a particular stage and promote them into the forecast. A deal can be included in the budget by simply clicking the “promote” button next to the deal. Promoting the deal means that it will be included in the worksheet the next time the client runs the forecast or revenue projection. No more tedious spreadsheets This combination of features and integration of deal pipeline data helps asset management and operation teams budget more accurately and eliminates the need for manually compiling various spreadsheets. Industry leaders using Forecast Manager are seeing results. Rexford Industrial quickly discovered the benefits of using a connected software solution to optimize the CRE revenue lifecycle. “Our forecasting is correct the first time and easy to see on a dashboard. I can add acquisitions and quickly get a snapshot of what the acquisition will do many quarters out. All this used to take days, and now it takes 15 minutes,” said Alex DeHaven, VP of Corporate Finance, Rexford Industrial. Learn more about Yardi Forecast Manager and hear how it’s working for Rexford...
Pressure Test
High-Rise Water Infrastructure
As you admire the expansive view or plush furnishings from the highest reaches of a commercial, residential or other type of building, it’s easy to take some things for granted – such as the system that distributes water for drinking, removing waste and suppressing fire. How does water arrive ready for use at the highest levels of a structure? Plumbing systems must be capable of supplying water from municipal or private sources at a consistent pressure, volume and temperature to high-rise buildings, which are anywhere from 75 feet to more than 2,000 feet. Some principal challenges of high-rise water distribution center around controlling pressure, which is “both friend and foe in plumbing systems,” say experts at the Nagpur Priyadarshini Indira Gandhi College of Engineering in Maharashtra, India. Water pressure systems that accommodate everything from low-flow faucet to high-flow showers and fire sprinklers must be carefully regulated to ensure efficient delivery and protect the building’s infrastructure. Other complications arise from the multiple penetrations through structural slabs that are needed to install plumbing infrastructure. Each of them must be sealed to prevent vertical migration of fire and smoke. Tall buildings require more robust structures, further limiting the allowable space for penetrations. Building designers and operators must also take water treatment systems and backup pumps and tanks to prevent service disruptions into consideration. And buildings such as hospitals must accommodate specialized plumbing needs such as laboratory waste, medical gases, and multiple water temperatures for cleaning and sanitizing. The water distribution system in a high-rise building can vary depending on the building’s size, number of occupants and local building codes and regulations. The two basic methods for distributing water are: Rooftop reservoir. After water is pumped to a rooftop reservoir, gravity distributes it throughout the floors below. “It’s...
School Money Rules
HS Financial Education Expands
The traditional core curriculum for K-12 education comprises “reading, writing and arithmetic,” with science, the arts and health also maintaining a presence. Happy African American student raising her hand to ask a question during lecture in the classroom. Another concentration is joining this essential group: personal finances, a subject that encompasses such concepts as maintaining bank accounts, paying bills on time, creating a household budget, saving for retirement and understanding borrowing rates. Twenty-six U.S. states require or will require high school financial education; personal finance education bills are pending in another 15 states. A new law in California, for example, requires a semester-long personal finance education course to be available for all high school students by the 2027-28 school year, with personal finance a graduation requirement starting with the 2030-31 graduating class. Crucial skills to ‘play the money game’ A growing understanding of the connection between teen comprehension and adult quality of life is driving the surge in early financial education. “When you learn how money works at a young age, you’ll have the necessary skills to make positive financial decisions as an adult. When you’re financially literate, you’re better able to manage the ups and downs of life as they happen — your physical health, mental health and relationships will be better off as a result,” Joe Camberato, CEO and founder of small business loan provider National Business Capital, wrote in Forbes magazine in 2022. Carly Urban, economics professor at Montana State University and a financial literacy expert, says that high school financial instruction has been shown to improve credit scores, lower loan delinquency rates and reduce the accumulation of credit card debt. It also helps position young people to make informed decisions about college loan types and repayment obligations while providing a...
Jorge Dominguez Rodriguez...
Yardi Employee Profile
Yardi’s global offices make essential contributions to property management and investors worldwide. Today, meet Jorge Dominguez Rodriguez, senior team lead for Yardi Corom. Meet Jorge Dominguez Rodriguez Jorge Dominguez Rodriguez has worked at Yardi for six and a half years. His primary responsibilities include assisting clients in implementing Yardi Corom software and guiding team members in helping clients reach success with products and services. Yardi Corom is a lease management and lessee accounting solution built specifically for commercial tenants and corporate occupiers. Rodriguez also helps with assisting sales teams with product demos and weekly cross-team meetings with development and service teams while working on challenging implementation projects. “I studied mathematics in college because I enjoy problem-solving. Working on the Corom team, I have been able to put these skills to use in coming up with creative solutions to difficult problems. Our client base is spread across various market sectors in the occupier space, so my team is often presented with new and exciting challenges,” shared Rodriguez, his passion for problem-solving evident in his every word. Yardi’s corporate culture is rooted in the company’s core values: innovation, collaboration and respect. “I have never met anyone in this company that wasn’t willing to lend a hand when I asked for help, which is incredibly motivating,” shared Rodriguez. Uniquely Yardi While Yardi’s origins are the leading provider of real estate software, it has positioned itself as a real estate software conglomerate spanning many vertical and horizontal market sectors with strategic company acquisitions and innovations. “Yardi is uniquely positioned to continue to grow steadily and increase its footprint across new market segments. A good example is the company’s most recent market penetration in the coworking space through acquiring a majority ownership stake in WeWork,” Rodriguez confidently explained. Recently,...
Canada’s Future Leaders
Yardi Scholars Program
In the 2023-24 school year, the Yardi Foundation launched a transformative initiative aimed at empowering first-generation college students across North America. Partnering with 20 colleges and universities, Yardi committed over $3 million in scholarships and student support, making higher education more accessible for those who need it most. As the program continues to expand, it will soon include partnerships with 29 schools by the 2025-26 school year, including new initiatives at institutions like the University of Saskatchewan. USask: Investing in potential At the University of Saskatchewan (USask), the Yardi Scholars Program is set to make a significant impact. The program will support two recipients per year for four consecutive years, with the first scholars starting in the fall of 2025. By fall 2028, a total of eight students will be enrolled. Each scholar receives $10,000 annually, with up to four years of funding available. These scholarships target first-generation students from low-income families who are interested in business and computer science majors. “On behalf of students, faculty and staff at the Edwards School of Business, we extend our heartfelt gratitude to the Yardi Scholars program for establishing a transformative bursary that will support first-generation students,” says Steph Bodnar, development office at University of Saskatchewan, Edwards School of Business. “This bursary allows students with financial barriers to attend university and pursue their academic dreams. The Yardi Scholars program will have a lasting impact on these students’ journey through higher education.” TMU: Expanding horizons Similarly, at Toronto Metropolitan University (TMU), the Yardi Scholars Program began in 2023, offering the same robust support to students. Additionally, Yardi Canada has committed to a three-year support program for two PhD students, further broadening the scope of their philanthropy in Canada. “We are immensely grateful to Peter Altobelli and Yardi for their support to our students,” says Dean Cynthia Holmes. “Ted Rogers School is considered to have one of the highest percentages of first-generation students in Canada, and Yardi Canada’s gift will improve access to quality post-secondary education and help us support students’ success.” Building a brighter future The Yardi Scholars Program is more than just financial aid. It’s about building lasting connections, fostering mentorship and creating opportunities for internships. By providing financial support, Yardi ensures that students can focus on their studies and achieve their academic goals. Yardi senior management actively engages with the scholars, offering guidance and support throughout their educational journey. This hands-on approach not only benefits the students but also strengthens Yardi’s commitment to community involvement and social responsibility. Supporting a generation to come Through its substantial investment in education, the Yardi Foundation is paving the way for future leaders. By supporting first-generation students, Yardi is not only changing individual lives but also contributing to the broader goal of making higher education accessible to all. For more information on the Yardi Scholars Program and other philanthropic initiatives, please visit...
Back to School Prep
Optimize this School Year
Have you spotted those yellow buses yet? As students return to school this fall, let’s delve into back-to-school preparations for parents and children. Kickstart mornings. Some are early birds, and some are night owls, but regardless of which category one falls into, it is important to have a solid morning routine. Some strategies for creating a stress-free morning routine include preparing clothes and lunches the night before, setting alarms earlier and having a checklist for everything needed that day. If you must drive kids to school, always allow plenty of time to get there since morning traffic will be busy. Nobody needs to start their mornings off with road rage. Music soothes the soul! Play relaxing music in the car to have a happy and relaxed mind frame. Essential oils have many benefits. Diffuse various blends for each time of the day. Have some orange or lemon balm blends for the morning to get an energetic start. Then, in the afternoon, diffuse a cinnamon blend during homework time for another energy boost. Enjoy lavender and vanilla oils in the evening for a relaxing feel before bed. Study habits. Everyone needs to form some time management throughout the day. Effective study techniques like the Pomodoro technique are effective for students and those learning more skills. Create a designated homework space and provide healthy after-school snacks such as nut butter and apples. The sugar in the apple will give them a quick stimulant, and nut butter is a good protein and fat source that won’t ruin dinner. Use planners or apps to stay organized. Unfortunately, paper planners are becoming obsolete in our digital world. Any.do is an app that’s an aesthetically pleasing to-do list. It prioritizes tasks, adds subtasks, and organizes things into categories. Another app...
School’s In
College Tech Necessities
Technology for college students used to mean lamps, typewriters and alarm clocks. Essential items for thriving in today’s higher education environment include: Laptop. “Small screen touch notebooks are a great solution for everyday computing and entertainment around the dorm or apartment, or on the go from class to class,” said Scott Shutter, a senior manager for computing, graphics and visualization technology provider AMD in Austin, Texas. Tablet. With some textbooks being formatted for eReaders, it might make economic sense to get a tablet in addition to a laptop. “I have all my textbooks, take all my notes and store assignments on [a tablet],” said Brian Kearney, a student at Rowan University in New Jersey. “It has truly helped me in organizing my hectic college schedule.” A key accessory for tablet owners is a stylus, an active digitizer that enables note-taking on both tablets and 2-in-1s, which combine tablets and notebooks. Smartphone. Virtually every student wants a smartphone equipped with the latest operating system and relevant apps. Most professors and student groups send mobile updates to smartphones. Smart notebook. This device digitizes handwritten notes for later reference. Some models offer a paper-like writing and reading experience and syncs notes to the cloud for access across multiple devices. Digital audio recorder. This is useful for recording lectures for later transcription or review. “With transcription software, students can write papers without touching the keyboard, significantly speeding up their work. Portable charger. This helps keep all devices powered up throughout the day without the need for a wall outlet. Data storage. Flash drives hold data for access on the go. An external drive or cloud storage provides backup storage. Backup computer battery and power cord. Just in case the unthinkable happens, such as a power outage or a...
Share Ourselves
Santa Ana Volunteers
Share Ourselves, a Yardi-supported nonprofit, believes everyone deserves access to quality healthcare. Share Ourselves was established in 1970 in Newport Beach, Calif. and is a healthcare organization that provides comprehensive health and support services for the entire Orange County community. From serving as a comprehensive healthcare provider to offering social services like financial assistance and food distribution, their approach considers everything it means to be healthy and live the best life possible. Share Ourselves also has a mobile unit in Costa Mesa and Huntington Beach. “Because when we uplift and prioritize the health of every individual, we become stronger as a community,” said Christy Ward, chief executive officer of Share Ourselves. The impact of Share Ourselves’ services is profound, as they provide healthcare and empower individuals to lead healthier lives. The Food Pantry is a crucial segment of its Social Services Department, which includes homeless navigation services, assistance with short-term housing resources, utility assistance, Case Management and other linkages to other community organizations. Share Ourselves is also involved in many community events, including Adopts A Family, Back to School Backpack Distribution and Thanksgiving Food Distribution. These services meet immediate needs and inspire hope and a brighter future for the community. “Share Ourselves has been working across every sector of the organization to expand our capacity to meet our commitment to provide access to care and support services for underserved populations in Orange County,” said Ward. This past June, Share Ourselves doubled its ability to provide health care and treatment to patients at its Mission Viejo clinic site, increasing the number of exam rooms from four to eight and adding dental and behavioral health services. This month, Share Ourselves will officially cut the ribbon at BESST Center, partnering with Newport-Mesa Unified School District to start...