For companies with small to mid-sized portfolios, streamline property management and accounting with this web-based, cloud-hosted solution that features a single database and works with any browser.
Yardi Genesis2™ is our cost-effective Software as a Service (SaaS) property management and accounting solution that combines your operational and accounting data in one system with access anywhere you have an Internet connection. Genesis2 supports many different property types, including multifamily, condo, office, industrial, and retail properties.
Genesis2 features a powerful general ledger with accounts receivable (A/R) and payable (A/P) functions, check writing, and bank reconciliation. With an intuitive interface that lets users operate the program with ease, Genesis2 delivers built-in security, dashboards, analytics and reporting, automated prospect and resident workflows, and a valuable correspondence package to help you run your business more efficiently.
Genesis2 combines a comprehensive property and tenant database with report writing capability, and comes with over 140 industry-standard reports that can be exported quickly to Adobe® PDF, Microsoft Word®, or Microsoft Excel®. This wide-ranging suite of reports and powerful real-time analytics features drill down from summary to underlying detail that can be accessed with a single mouse click.
For commercial clients, Genesis2 provides automated functionality for estimated CAM reconciliation. With a simple report, you can compare the allocated CAM charges against the billed charges for year-end reconciliation. The report can be shared with your tenants and the charges or credits can be easily posted to their accounts. For retail properties, the overage module calculates and posts the additional charges due based on sales figures submitted by the tenant, and for leases with price index clauses a lease escalation function is available.
Online work orders track the inventory, materials, labor, and other information related to the work on a property or a unit. Genesis2 lets you enter, edit, and post work orders, add specific instructions for staff and vendors, document the status of any project, and use work order reports as dispatch tools.
With Genesis2, there is no need to purchase a separate program to track maintenance information. Genesis2 not only tracks your work order data (vendor, work order status, commission, etc.), but also can create both charges and payables from the Work Order screen.
Optimized Payment Processing
Processing tenant receipts can be labor-intensive, but Genesis2 automates this process for you. Smart input methods and optional OCR scanning streamline the recording of tenant receipts. And whether you are dealing with simple residential rent or complex commercial leases, Genesis2 provides all the easy-to use tools you need to track your payables in both cash and accrual accounting.
Genesis2 can post monthly charges with the click of a button. With the Detailed Receipts function, dollar amounts are automatically applied to charges as receipts are entered. Payable features include vendor-based expense accounts, electronic payments to owners and vendors, and partial payments. Other controls include the ability to put holds on individual invoices and vendor accounts, and stopping payments to vendors whose insurance has expired.
Fully Integrated Optional Products
As a cloud-hosted and web-based platform, Genesis2 enables you to easily adopt add-on products that will improve your productivity.
For companies with multifamily properties, you can add the prospect portal and resident portal features in RENTCafé™ and benefit from an easy online process to attract more prospects, capture more leases, and retain residents. The resident portal includes valuable features such as the ability to accept credit and debit card payments* and online work order submission.
To help you consistently select low-risk residents, Yardi Resident Screening™ can be added as a seamless part of your leasing workflow to take the guesswork out of approving applicants.
And with Yardi Payment Processing™ you gain resident payment options that will streamline your accounts receivable and maximize your cash flow, including Yardi Online Payments™ for credit and debit card payments, Yardi CHECKscan™ for electronic check processing** and our Walk-in Payment System (WIPS™) to provide your residents with convenient cash payment options.
* Must license Yardi Payment Processing to accept these payments
** Yardi CHECKscan is not currently available in Canada