As an operator of a coworking space, you’ll have many choices when selecting a management platform to power your shared workspace. Compare pros and cons and check what features each choice provide, but make sure these five features are included in your software. Robust Accounting Accounting is a vital component to the operation of your space. You may choose a software that integrates with third party applications such as Quickbooks, FreshBooks, or others. That is a significant step up from manual labor. In a perfect world however, your management platform would have all accounting solutions built in. This will eliminate third party apps for accounts payable, payment processing, merchant services, and reconciliation, among other functions. ILS There are numerous benefits to having an ILS (internet listing service) built into your coworking management software. List your space and eliminate marketing time and dollars. Potential members can check out your space at a glance, and improve the quality of your leads. In addition, you will greatly benefit from the ability to sell your services online in real time. Offer spaces, services, and just about anything else you can list. Keep track of sales and revenue live. Real-time Reporting Real-time reporting goes beyond just statistics. Being able to track data and results live will help you track sales, revenue, space usage, and many more driving factors of the success of your space. At the end of the day, the goal is to increase your revenue and provide better service to your members and guests. Real time reporting is at the core of all those goals, as you’ll have visibility to change membership plans, designs, and service based on tracking data over periods of time. Learn more about the benefits of CRM and automated booking in your coworking management software on the...

There are two groups that want you to optimize online payments: your residents and your staff. According to the National Apartment Association, about 79 percent of residents prefer to pay their bills online. It’s quick, easy, and means one less task to occupy their time each month. Your staff wants to enjoy a workweek without opening mail, scanning checks, trips to the bank, or data entry into your real estate accounting software. When you increase adaptation to online payment processing, everyone wins. Check out these six tips to boost online payment enrollment. Provide easy access to the payment portal. Consider adding a button directly on your property website or prominently displayed on the resident portal. Make enrollment easy for your residents. Consider creating a step-by-step how-to guide on enrollment that includes screenshots. The text and visual aids will help your residents, resulting in fewer calls to your office for help. Designate a tablet or computer to online payment enrollment. When a resident visits the leasing office with a rent check, agents can then offer to help them setup online payments on the spot! Inform residents of their options. Some residents may be unfamiliar with the options available or not understand the lingo. Broadcast which options they have– ACH, Text to Pay, reoccurring EFT—and well as what each payment option means. Create an awareness campaign including emails, social media posts, and print posters at the leasing office (especially near the drop box). Consider a catchy slogan and imagery for the campaign that will stick in residents’ minds. As a last resort, create an incentive program. Consider gift certificates, prizes, or small discounts off the rent. The incentives are an upfront investment with long-term payoffs. Learn more about online Payment Processing with...

Yardi Voyager Residential consolidates property management and financial accounting into a single platform. The fully-integrated suite of multifamily and marketing products makes it easier to manage the entire real estate cycle. Is Voyager Residential Right for My Organization? That depends on several factors. Are you a large organization looking for scalable solutions? Voyager grows and diversifies with you. Users gain access to real-time performance analytics across their entire portfolio, regardless of size. Organizations with smaller portfolios, such as family holdings, may benefit from Yardi Breeze. Do you seek a compliant, accurate and efficient way to manage your portfolio? Voyager financial management features meet all applicable accounting standards and regulatory requirements. Property management features streamline workflows for leasing, move-ins, move-outs, work orders, purchase orders, and everything in between. Would you prefer to leave software management to the tech pros while you run your business? Yardi’s award-winning cloud services manage data storage and updates on your behalf. You can focus on growing your business while Yardi handles the minutia of the software. Does a comprehensive suite of software seem more appealing than a piecemeal combination of products? Yardi Voyager Residential integrates with the Yardi Multifamily and Marketing Suites as well as Yardi Elevate. You benefit from a unified entity for marketing, customer relationship management,   procurement, facilities management, energy management, and business intelligence. Do you value flexibility? With Voyager, you aren’t stuck to your desk. Voyager comes mobile-ready and browser agnostic, keeping your team members connected whether they are in the office or in the field. Raising the Bar Yardi is an established company with a proven track record. For more than 30 years, Yardi has supported client success with quality real estate management solutions. Though established, Yardi continues to evolve. Ongoing improvements ensure that client feedback...