Growing with Yardi

Capital Asset Management

By Leah Etling on Oct 26, 2015 in Technology

For Phoenix-based Capital Asset Management, use of Yardi software has been a key aspect of coming of age as a company.

“Yardi has been one of our selling points,” says Aaron Strole, owner and founder of the company along with his wife, Rachelle. “When we talk to our current or prospective clients, we tell them that we use state of the art software – the best in the industry.”

A full service firm that provides due diligence, underwriting, brokerage and property management services, the Stroles started their business in the depths of the recession. A client was looking for a reliable property manager for an asset that was on the market but not moving, and Capital Asset Management was born.

Seven years later, the property management arm of the Capital Companies looks after 40 properties, and is now expanding its leasing operations. Assets are located in Arizona, California, and Nevada.

“The maturation of our company has been key,” Strole said. “We aren’t just doing property management on the side, we’ve become a full service firm and what we’re doing for our clients is really good.”

While growing their portfolio and span of operations, Capital Asset Management has evolved its software platform as well. The company moved quickly from Yardi Genesis to Voyager 6, and then upgraded to the Yardi Commercial Suite and a full cloud-based platform in 2014.

“7S is a true cloud version of Voyager. We don’t have to ask for the updates, they are rolled out for us. Everything is available wherever you need it. I carry around my iPad now, all the time, because I don’t want to carry around my laptop. And I can get access to everything in Voyager that I need,” Strole said.

A former IBM Management Consultant, Strole is working to make his company as paperless as possible. He moved his corporate email to a cloud-based server and eliminated any need for in-house technical support. The result, he says, is peace of mind.

“What I like about it is that when everything is hosted in the cloud, things tend to not break. We were having our on-site server go down and we once lost all of our server data. It took three days to get the backup replication up and running. You don’t want to have tell your clients that you can’t send them the report they need. Now, if it does break, I call Yardi or Microsoft,” Strole said. He next plans to look into paperless invoice remittance via ACH transfer.

Another aspect of the Voyager 7S platform that Capital Asset Management is happy with is the Report Scheduler functionality.

“One of our biggest clients, a national company, told us that they asked every one of their property managers around the country to use the same report package that we had been creating for them in Yardi,” said Strole.

For more information on The Capital Companies, visit http://thecapitalcos.com/

For more information on Yardi, visit http://www.yardi.com/