Yardi can be a very complicated tool and with all the modules and features to set up, It is important you know How to find the best Yardi Consultant.
Modules such as investment manager, rentcafe, or just basic task as setting up an account tree should be done correctly so that your real estate business can run effectively and efficiently.
Yardi consultants can be very expensive so it is important you get what you are paying for. There are some key skills and questions you should ask for.
1. Do they have experience with accounting in Yardi
Accounting is the bread and butter for Yardi’s functionality. From a book keeping perspective it cannot be beat in the multifamily space and is the industry standard. Whether it is reversing journal transactions or month end close processes, a good consultinat must understand how to work with ahd edit accounting processes in Yardi.
2. Have they been involved in a Yardi 6 to 7S upgrade
Now that most users have upgraded, most consultants at some point were probably involved in an upgrade. As we have documented in the past, this was not an easy task and required a lot of coordination and updates. Consultants would have learned the ins and outs of the 7S system in the process. See our Yardi 6 to 7S checklist if you are still one of the few looking to upgrade.
3. Have they been involved in bulk uploading properties
Properties are not always bought one at a time. When you purchase a portfolio it comes with many properties, tenants, and general ledger and bank details that will need to be uploaded at once and correctly.
4. Have the configured fund and investment manager
If you are an asset manager, than this is a critical tool for operations and reporting. Being sure this is set up correctly can make life significantly easier to manage your assets.
5. Are they familiar with custom reports and task runner
If you do not know, Yardi offers the the ability to add custom reports, automate processes and auto run jobs via a tool called Task Runner. Any good consultant will be able to help you set up processes that help you run your business while you sleep!
6. Do they have experience in the “Cafe’s”
Yardi’s offering is expanded by many tools like RentCafe and VendorCafe. Each of these tools must be configured and setup correctly to run smoothly. Be sure to have a subject matter expert that understands these tools before purchasing.
How to find the best Yardi Consultant