Yardi was established in 1984 as a small software start-up and has grown into an international real estate software company with over 40 offices across the globe. As a real estate company, Yardi offers products to help you operate in nearly all related markets: office, industrial, retail, affordable housing, senior living, student and social housing, and more.
Yardi offers two different rental property management softwares: Yardi Breeze and Yardi Voyager. Both softwares allow you to manage accounting, operations, and ancillary services for the properties you oversee. However, the platforms are designed for different sized portfolios and have different specifications.
Yardi Breeze is the simpler of the two platforms. You can start using it today, and you don’t need any training or experience in advance. There is no minimum number of units required, but there is a minimum fee of $100 per month for residential portfolios and $200 per month for commercial or mixed portfolios, and each unit costs $1 per month. Breeze is meant to help owners and managers streamline their daily operations through a simple, affordable software program.
Breeze also has a premium subscription with unique features not available on the basic Breeze plan. These features add functionality for businesses that have more advanced needs not met with the Breeze platform. Breeze Premier has a $400 per month minimum fee, and each unit costs $1 to $3 per month depending on the type of portfolio.
Yardi Voyager, on the other hand, is meant to serve the needs of more comprehensive real estate portfolios. You can use it to create a central database of all property types — from airports to shopping malls to multifamily properties. The software is also capable of running advanced reports and handling big data, and you can add a lot of customizable features to your database to make it work for you.
While we can assume that Voyager costs more since it is meant for customers for whom Breeze’s services are not sufficient, we weren’t able to find the pricing for Voyager in order to compare the two.
Yardi has been in the real estate industry for over 35 years. The company has used this time to identify and meet the needs of landlords, managers, and real estate owners around the world, and its software products are well developed and comprehensive. In fact, the reason Yardi offers two different software programs is because the real estate industry is so vast in scope that one software doesn’t really fit all.
Many customers have reported that Yardi’s management software is easy to use. It can be accessed from mobile or desktop devices, and it is a cloud-based service, so your information and that of your tenants is stored securely and accessible wherever there is an internet connection.
Part of what makes Yardi Breeze and Voyager easy to use is that they are highly customizable. Depending on your industry, you can choose to use or not use certain features. Thus, the platform operates how you need it to, and you aren’t hindered by unnecessary features that you don’t actually need.
On its website, Yardi offers a downloadable, comprehensive checklist of everything you might need/be looking for in a property management software. This list allows you to consider your needs and what Yardi and its competitors might have to offer you. If you are new to the property management industry or looking to make a change to your business operations, this checklist could be very helpful to you.
A few customers have complained that making the switch to Yardi, while overall a positive change, took more time and effort than they would have liked. The process of inputting tenant information into the software is tedious, and switching to a new software is nearly always going to lead to some hiccups as both you and your tenants get used to the change.
However, if you don’t take the time to learn the software and educate your tenants about the changes, then you will likely find Yardi to be overwhelming and difficult to learn, which might create problems for you later on.
Specifically with Yardi Voyager, customers have mentioned that the process of uploading information and syncing it with existing data can take up to 24 hours, which is a very long time to wait when you are making changes and inputting information every day, throughout the day.
Yardi Breeze seems to have faster response times based on what customers are saying, which may be due to the fact that it is meant for simpler portfolios and does not have the capacity to handle big data at the same level as Voyager.