The 6 Best Yardi Custom Reports

Yardi provides great reports for starting your real estate business, but as your portfolio grows, your need for more advanced analytics increases too. Having the ability to explore your data and create custom reports that meet your unique approach to real estate investment is critical to success. Here is our list of the 6 best Yardi custom reports to enhance your real estate business.

1. Time Series Reports

Many of the reports in property management systems are point-in-time. Today’s current rent roll or collections are useful, but it only shows you how your property is performing on that day. Having the ability to analyze trends over time and uncover insights empowers you to better plan for the future. By capturing your data and creating intelligent snapshots outside of the tools, you can create time-series reports that give you a 360-degree of your property and portfolio.

2. Aged Receivables

Collections are one of the most important key performance indicators (KPIs) a real estate organization must monitor and track. Most receivables reports show the basics of what is due and by whom. Yardi’s aged receivables report is prime for extension into a custom report that can be analyzed week over week, month over month, or year over year to evaluate trends. Further, indicators such as location, new businesses in the area, or even weather patterns help plan for collection trends or issues that can be mitigated.

3. Tenant History

Property management systems store a wealth of information on a tenant. Considering your tenants are your customers, you must have a thorough understanding of your tenants. Evaluating renewal patterns, payment history, and work order demands combined with other third-party data helps you to maximize your tenants’ happiness and thus retention as well as ensuring rent optimization for each unit.

4. Vacancy Projections

Understanding upcoming available units is critical for leasing managers and property managers. By having your historical data in time-series, you can identify patterns in the types of units that typically become available during specific times of the year, month and week, as well as identify seasonality, all of which will help your team better predict supply and demand.

5. Work Order History

Work order data is typically captured thoroughly, but the ability to explore this data is one of the biggest perks of a custom report. Do units have recurring repairs that need to be reviewed? Is the same type of toilet always breaking? Do work orders increase in the summer leading to longer wait times for the tenants? All of the deeper insights into work order management directly lead to lower expenses, less stress on operations, and happier tenants with higher retention.

6. Dashboards

Each CRE firm runs their business slightly differently and even the most similar real estate companies may require the use of more robust and complex dashboards that combine complex metrics with trends, analytics and drill-to or drill-through for quick, actionable insights.

Conclusion

Custom Yardi reports propel your real estate firm from a rearview facing business to a forward-looking one. We built CRExchange.io to help you. The combination of our automated data integration platform and pre-built reports help organizations get their data analytics platforms off the ground in a fraction of the time and for a fraction of the cost. Interested in learning more? Contact us here!