YASC Global Oct23

YASC Global

This week, Yardi provided three days of education, training, inspiration and support to clients during the YASC Global conference. The expansion of the online event to attendees worldwide, building on a U.S.-focused event held in May, was well received. Over 20,000 attendees, representing more than 2,500 companies from 58 countries, took 45,000 courses over 72 hours. The event was hosted on the Yardi Aspire learning platform. Anant Yardi, founder and president of Yardi, delivered an introduction to the event and remarked on the rapid adaptations real estate professionals have made worldwide. “Last year we had six different conferences: Washington, D.C., San Diego, London, Dubai, Singapore and Sydney. They were festive occasions where we had the opportunity to meet and greet you. Today, things have changed,” Mr. Yardi said. “We now work from home. We no longer meet face to face, but through digital media. And as all of this is going on, we yearn for those good old days. I don’t know about you, but it sure is nice to meet face to face. And we look forward to the day when we can do that.” But to help deal with the “new normal” that the real estate industry now faces, Yardi has continued to expand its product suites to assist with remote business management, data transparency, social distancing, working from home and much more. These features augment the business and accounting features that have made Yardi the go-to technology provider for real estate over the last 40 years. Product spotlights During YASC Spotlight sessions, clients heard from Yardi executives about the development and progress of product suites, including Affordable Housing, Commercial, Investment Management, Multifamily, Senior Living, and Public Housing. There were also regional updates for international clients from Asia, Australia/New Zealand, Europe and the Middle East. “Through a single connected solution, we remain focused on providing a set of products and services that have a real impact on your property operations and property performance. These products help to create transparency and efficiencies in the interest of reducing risk, reducing expenses, increasing revenues and increasing property values,“ said John Pendergast, senior vice president at Yardi. Products highlighted for multifamily operators were RENTCafé Reach search marketing;  Marketing IQ, a new marketing analytics product; RENTCafé  Self-Guided Tours, which allows socially distanced property tours; RENTCafé Chat IQ, an automated marketing assistant using AI and machine learning; Maintenance IQ; Asset IQ; and the Procure to Pay suite. “There have been some dramatic changes. Remote working, asset distress, residents and tenants’ ability to pay rent, and a real focus on data have been part of our conversations with clients both big and small, operational or institutional ownership. The challenges are common across the different platforms and client perspectives,” shared Richard Malpica, vice president and general manager, Eastern region for Yardi, in the investment management spotlight. While different commercial real estate sectors have been affected uniquely, data visibility and the ability to access operational data have been especially important to investors and operators alike. The Investment Management product suite provides tools to deliver data transparency, risk exposure analysis and real time reporting that investors are seeking now. “Though we have incredible optimism about the next 18 months, it is important that we acknowledge the hardship that many of you have faced in a personal and professional manner,” said Rob Teel, senior vice president at Yardi, in the commercial product spotlight. “I want to assure you that Yardi has passionately contributed philanthropically and to professional trade organizations to help with a global rebound from this crisis.” Commercial clients learned about the latest updates to the Yardi Commercial Suite, including Yardi Elevate, which sits on top of Yardi Voyager and provides operational tools to drive performance and gain operational visibility. Leasing, forecasting, deals, retail tenants and construction projects all have specialized management modules and reporting oversight within Yardi Elevate. Its real time informational visibility has been especially beneficial...

State of Senior Housing Oct23

State of Senior Housing...

Senior Housing News recently interviewed Fil Southerland, director of healthcare solutions for Yardi, about the biggest changes in senior living technology during the COVID-19 pandemic, how technology is meeting new healthcare demands and his experience growing up in Idaho, where his father operated assisted living facilities and built his own technology platform to support them. Excerpts follow. Q.: One of the early outcomes of the pandemic was the increase in technology adoption. What are the main silver linings in terms of senior living technology? A.: COVID-19 has definitely been hard on our industry and the residents we’re caring for. I think what it’s really highlighted is the incredible resilience of the organizations and their staff members that we work with. I’ve been particularly impressed with the amount of rapid innovation and technology uptake within the industry. Yardi’s contribution is a broad-based platform that helps providers efficiently manage everything from the care-related side to operations to finances. We’ve continued to add new clients at a rapid pace and we’re also seeing our existing clients working to automate and streamline a lot of their workflows. I think that kind of technology adoption is a necessity now. Over the long term, we’re hopeful that it will produce a lot of good dividends for the industry in terms of care coordination and personalization, wellness, operational efficiency and risk mitigation. Q.: Which changes in senior living technology prompted by the pandemic do you think will last? A.: One area is marketing and admissions. Previously, residents or family members had to come into communities to sign leases or changes to service plans. Yardi has a solution that allows all that to be done online. We’ve seen a lot of interest in that. Also, families considering a community are really concerned about...

New ENERGY STAR report Oct22

New ENERGY STAR report...

An ongoing series of research reports from the U.S. Environmental Protection Agency (EPA) details information from the hundreds of thousands of buildings who use ENERGY STAR® Portfolio Manager to track energy usage. The latest report focuses on renewable energy and trends in energy metering and efficiency tracking. Onsite renewable energy systems The report studies data from over 260,000 properties, determining that less than 1% (2,447 properties) are currently generating onsite renewable energy. However, even with this low total, the use of onsite renewables has increased ten-fold in the last decade. Among the most common property types who do generate renewable energy are retail stores, K-12 schools and offices. Schools and worship facilities account for the largest number as a percentage of their total properties, still only representing 2.4% each. By comparison, only half a percent of multifamily housing properties have implemented renewable systems. Where are these systems most commonly found? According to the study, California leads the way by a wide margin with nearly 1,000 properties. That number represents more than the next 10 highest states combined. Because the source energy conversion factor is lower for onsite renewable energy, these properties have higher ENERGY STAR scores by a significant margin compared to all properties (74 to 59). Data also shows that 55% of these buildings meet less than a quarter of their electrical consumption from onsite renewables. Metering challenges and considerations There are three primary types of meters that customers use, determined by local utility company standards and building electrical systems. The report dives into the types of meters, what information they do or do not provide and how this impacts energy benchmarking and efficiency goals. Net meters spin forward or backward showing net consumption of power, but do not tell you what was...

Senior Living Changemakers Oct21

Senior Living Changemakers

When Yardi launched its Changemakers initiative last year to capture innovative thinking in senior living, few could have anticipated the profound challenges that emerged over the next 15 months. Changemakers, a collaboration with Senior Housing News, features interviews with leaders who offer creative perspectives on a range of issues including community architecture; care support partnerships with outside parties; the collocation of independent living, assisted living and memory care under one roof; technology issues; and staff members’ work/life balance. Eleven senior living provider executives presented their thoughts on the state of the industry in the Changemakers series for 2020, which is now available as an eBook. COVID-19, of course, ended up overshadowing almost every other issue this year. Mary Leary, a Changemaker with Mather, predicts that the pandemic “is going to catapult the industry forward because we’re having to abandon, at least temporarily, ways in which we have been providing services, which will give us an opportunity to rethink how we may want to do things differently.” Here’s a sampling of other impressions you’ll find in the eBook: “Changemakers definitely are risk-takers. When I first started Silverado, it was such an enormous change that I was proposing to the industry’s norm of bringing in the medical piece, the clinical piece, the 24-hour seven-day-a-week licensed nurses, master’s level social workers, and don’t even get me started with use of pets and children coming in.” – Loren Shook, Silverado “Our communities are designed to fit the neighborhood. It does not look like the sunrise Victorian mansion that gets plopped down into areas that don’t have Victorian mansions. We use the local vernacular.” – Michael Schonbrun, Balfour Senior Living Care “It’s not good enough to say, ‘I’m a risk-taker.’ What does that mean? Does that mean you’re at the firm every other Thursday? It’s not good enough just to be a risk-taker, you have to quantify risk. This [COVID-driven] economic downturn is a great example.” – Dwayne Clark, Aegis Living “We are less focused on the number of changes or the speed, but rather how meaningful the change may be to seniors, their families, and our associates. The number of ideas are infinite and can result in busy-ness rather than improved sound business practices.” — Marc Vorkapich, Watercrest Senior Living Besides sponsoring Changemakers, Yardi drives innovation by offering a comprehensive technology platform for senior living management. Learn...

Realcomm | IBcon Oct20

Realcomm | IBcon

Yardi is proud to be the Diamond Plus Elite Sponsor of the first Realcomm | IBcon hybrid conference. Due to the unique and challenging circumstances this year, the event will begin October 26 in a virtual setting with in-person sessions starting October 28 at the Marriott Gaylord Rockies Resort in Aurora, Colo. This premier event hosts hundreds of commercial and corporate real estate executives to discuss technology, automation and innovation. As part of the event, Yardi will have numerous speaking opportunities: Monday, October 26 Senior director Arjun Rao will host a CEO/COO roundtable discussion titled “The Future of Office Leasing: Challenges and Opportunities Explored,” focusing on leasing, demand for space in urban and suburban markets, as well as key factors for restructuring leases. A CIO roundtable focused on the outlook for private equity and the impact of technology on big spend will be hosted by Rob Teel, senior vice president of global solutions. Teel will also participate in a Realcomm LIVE interview to discuss current trends in the real estate industry. Founder and president Anant Yardi will join global thought leaders sharing their visions for the future of real estate technology, the economy and the workplace experience beyond the pandemic. Tuesday, October 27 Anant Yardi will join a panel titled “Industry Leaders Weigh in on Surviving and Thriving in Uncertain Times” to discuss how the real estate industry is trying to define the new normal. Wednesday, October 28  Brian Sutherland, industry principal for commercial, will also take part in a Realcomm LIVE interview session to discuss Yardi’s position in commercial real estate during the pandemic. Check out the full conference agenda, which will be updated continuously as more speakers and sessions are added. Visit Realcomm for more information or to register for the...

Yardi Skilled Nursing Oct19

Yardi Skilled Nursing...

Yardi created the Yardi Senior Living Suite to encompass every element of senior housing management within a single platform, from sales, marketing and care management to payments, family communication and medication administration. The suite helps facility operators grow their occupancy, deliver quality care and lower total costs of ownership. A recent addition brings even more key operations into the suite. Yardi Skilled Nursing is a mobile solution that helps senior living staff members deliver care and document their actions more efficiently. Yardi Skilled Nursing saves time in resident assessment, charting and reporting by sending resident data from the point of care directly into a standardized patient health assessment repository known as the MDS. This streamlined documentation process lets staff members spend more time on resident care instead of entering and validating data. The solution also fortifies compliance by ensuring operators are current on frequently changing regulations and automatically checking for fatal errors, missed fields and inconsistencies. User logs, change reasons and up-to-date chart data establish a clear audit trail. Advanced reporting, clinical key performance indicators and financial measures enable full oversight of care services. Yardi Skilled Nursing also delivers value to senior living facility operators by: Reducing manual data entry errors with automatic pre-population of MDS with information from previous assessments Providing a user-friendly interface that helps lighten staff workloads and improve productivity Streamlining government reimbursements with simplified, error-free claims management Delivering full access to real-time clinical information for staff across the business “Staff members can devote their energies to resident care because all electronic point-of-care charting is readily available on any mobile device,” said Ray Elliott, vice president of senior living for Yardi. “That benefit combines with real-time availability of full service information to give facility operators the means to improve health outcomes,...

Advanced Wireless

Wireless technology is an intrinsic part of everyday life. Whether it’s for mobile work, communication, entertainment or staying informed, the ability to have wireless connectivity anywhere we go is critical. The landscape of wireless is changing. It is faster and more widely available now than it ever has been in the past. Let’s explore how the new normal in wireless is shaping the commercial real estate industry for landlords and tenants. One of the ways in which connectivity has affected consumers is the time they spend in an establishment. A shopping mall for example, will see their crowds linger if they have better service inside the building or stores. Sporting venues throughout the world are spending millions of dollars on infrastructure enhancements to be able to give fans the ability to keep up with other games in real-time, a reason many fans cite as a motive to stay home and watch multiple games simultaneously. Brian Schwartz, vice president of IT at Macerich, said on a recent Realcomm webinar that there are several ways to enhance connectivity. Improving Wi-Fi, distributed antenna systems (DAS), CBRS and newer tech like LPWAN and expanding use of sensors, will all play a role for the connected customer. LPWAN is key for transmitting significant amounts of data over long distances and was created for machine learning and IoT interconnectivity. They are able to support a large number of devices at ultra-low power. It has become an expectation that venues provide Wi-Fi connectivity. It should be readily accessible and free to use, which means it doesn’t generate revenue, but it could be a source of gathering analytics. Property managers should require users or guests to sign in using an email or phone number, opt into a newsletter or some sort of...

Student Housing’s Strength Oct15

Student Housing’s Strength

Despite massive disruption to in-person learning protocols, demand for off-campus, purpose-built student housing remains strong, according to a webinar and a new bulletin from Yardi Matrix. “College students don’t want to live at home. And their parents seem quite amenable, if financial circumstances allow it, for them not to live at home,” said Jeff Adler, vice president of Yardi Matrix, during the webinar. “There’s been a tremendous amount of noise around the sector, but as it relates to the financial performance of off-campus student housing, it is largely unaffected.” The one key factor is that college or university the students are attending must be offering classes in some capacity, even if they are all online. Need for greater social distance between students in on-campus dormitories have been another helpful nudge. “As long as the school is open somehow, for the dedicated off-campus student housing inventory, (the education format) doesn’t matter,” Adler said. “The off-campus student housing industry has shown itself to be really resilient.” Development pipelines also remain strong, with only two planned projects nationwide falling off the radar in the last quarter. Enrollment trends have favored public universities rather than private schools, indicating that students may be looking for more affordable education alternatives given current economic uncertainty. And off-campus housing options provide a more continuous housing option than on-campus dorms, which are more likely to be subject to closures or status changes. Though college enrollment from international students is down due to travel restrictions, those spots in off-campus housing seem to thus far have been backfilled by American students. One caveat is that these are students whose parents’ economic fortunes have likely not been disrupted by the pandemic. And even if no vaccine is available in spring 2021 as expected, purpose-built student housing is expected to continue to do well. “Even if everything goes horribly wrong (with vaccine development), the fact that this year was as good as it was indicates that as long as the school is open in some fashion, it’s a non-event for the off-campus student housing sector,” Adler said. For the 200 colleges and universities the Matrix team analyzed, preleasing of purpose-built student housing was just 3 percent behind that of 2019. “While demand has been volatile on a university-by-university basis, the willingness and desire for people to congregate near their school will likely help the student housing sector steer through these uncertain times,” states the analysis. Preview new technology for student housing providers at the NMHC/InterFace Student Housing Conference, a virtual event taking place Oct. 19-22. Visit the virtual booth to see how RENTCafé Student and Yardi Matrix Student will graduate your leasing and management...

Simplify Resident Management Oct14

Simplify Resident Management...

The events of the past several months necessitated major shifts in the housing industry. The pandemic made it clear—if there had been any doubts—that the future of efficient, healthy social housing relies on integrated technology. When it comes to tenant files, bypassing physical touch points reduces exposure risk while increasing process efficacy. The latter benefit carries with social housing providers long after the pandemic has faded from conversation. Integrated leasing and property management technology expedites daily processes by digitizing, streamlining and automating tasks. One of the first steps towards greater efficiency begins with tenant portals. When resident portals integrate with back-end property management technology, the results are improved safety, maximized compliance and more accurate reporting. Ontario housing receive a mandatory tech makeover Leasing social housing units has always been an elaborate process: paper applications, manual reviews, in-person interviews, and seemingly endless data entry were a few trademarks of the process before online portals. Redundant and tedious tasks can cause staff burnout, costly errors and inconsistent tenant experiences. The pandemic forced social housing to evolve. Social housing management has been transformed by social distancing protocols and health guidelines. The transformation is changing office processes and the work environment. Months into the pandemic, an industry that has been accustomed to incremental change is adapting online leasing tools at a rapid pace. Technology, such as online tenant portals, comes with a host of benefits for social housing providers and tenants. 5 Benefits of a tenant portal for housing providers Tenant portals are tools of empowerment. Staff members benefit from online portals in five major ways: Save staff time with online and automated services. Online portals make data management easier for staff. Tenants enter their own data which is seamlessly integrated with back-end software. This reduces data entry...

Meet Dave Eskenazy Oct14

Meet Dave Eskenazy

Data analytics may not be easy, but they’re often necessary. You can’t just gather data. You’ve got to know what the numbers actually mean if you want to push your teams forward in senior living. That’s just one piece of advice that Dave Eskenazy, an industry expert with over 25 years’ experience, recently shared with us. We sat down with Dave to hear how he’s used the Yardi Senior Living Suite to drive growth through technology. From the importance of integration to the value of easy-to-understand metrics, he had plenty of insight to offer. Q: How do you track prospects in senior living? What I love about RENTCafé Senior CRM is that from the very first moment an inquiry is made, the prospect’s name is entered into the system. And I begin to track that. At some point, that prospect moves in, but the ability to move that prospect in and change them from a prospect to a resident becomes so much easier and so much quicker. Oftentimes, when somebody is looking for senior housing, they take a lot of time to really make a decision. But once that decision is made, it’s time to move. Having a lot of that information already in the system – and being able to simply pick up from before – is a key benefit of RENTCafé Senior CRM and the complete stack of Yardi products. One of the things I like most about Yardi is that there are a lot of modules that follow us all the way through the system. And it starts with RENTCafé Senior CRM. Q: How does data sync improve billing? One of the problems with billing is if you have separate systems for capturing your care than you do for billing your...

Water Wins Oct13

Water Wins

The cost of water can be deceptively low — it doesn’t include the energy expenses of pumping and heating the water. When you evaluate water and energy efficiency together, you’re in a better position to maximize resource and cost savings. Multifamily companies can get some quick wins with minimal effort and no (or low) capital expenditure. All you need to do is make some changes to operations and maintenance practices along with minor retrofits or replacements as needed. The Environmental Protection Agency’s (EPA) WaterSense program recently shared strategies to save energy and water in the webinar “Reducing Costs with Quick Water Wins.” WaterSense is a voluntary program launched by the EPA in 2006 that provides a simple way to identify water-efficient products, programs and practices. In the webinar, the EPA’s Tara O’Hare highlighted the connection between water and energy, often referred to as the energy-water nexus, since every gallon of water has an energy footprint for pumping, moving, heating and treating water. To keep costs low, WaterSense offers the following tips: Review all bills for accuracy Check facility rate class and water meter size on bills Work with your local utility to correct any problems Identify leaks and waste O’Hare said that energy and water leaks linked to continuously running water comprise approximately six percent of water use and that potential financial losses from water such as a drip irrigation malfunction or an unattended water hose at night can amount to $4,300 or $16,000 per year, respectively. How can you make sure this doesn’t happen at your property? Conduct a walk-through to identify leaks (look for puddles and drips) and ask for the vigilance of employees and tenants to help identify leak and waste indicators as soon as they occur. Follow best practices You’ve...

Better P2P Process Oct12

Better P2P Process

Employing disconnected procurement processes eats up staff members’ valuable time, fritters away resources and creates opportunities for runaway spending. Managers of senior living communities need to direct their resources toward productive activities. So why not find a better way to purchase, approve and pay for goods and services? That was the purpose of a recent webinar moderated by Senior Living Foresight and featuring Yardi Procure to Pay manager Kim Hensley along with Carmin Tomassi, vice president controller for Silverado, an Irvine, Calif.-based assisted living, home care and hospice care provider. The traditional approach to purchasing goods and services involved manually scanning data and routing paper around for approvals. The lack of formal workflows and repeated manual tasks obscured budget visibility, duplicated payments, and created opportunities for duplicate payments and other errors. The sheer volume of invoices to be processed – up to 35,000 per year for a typical user of Yardi PayScan – made the process even more daunting. Silverado offers an example of a senior living community operator overcoming the flaws inherent in manual procurement processing. Tomassi recounted how Silverado reduced its payables reversed rate to 0.56%, versus the industry average of 1.8%, and its checks voided rate to 0.43%, versus 2.1% for the industry, by automating the process end to end with Yardi Procure to Pay. The system, he said, produced “a night-and-day difference from where we were just four years ago. Now we have one automated system paying all our bills. All approvals are electronic, we have vendors set up in workflows, and we have centralized a big chunk of the business function, with better results. It’s been real win for us.” Silverado uses Yardi Procure to Pay to move its purchase orders through the approval process electronically, with customized approval...

ENERGY STAR Awards Oct09

ENERGY STAR Awards

In March, the U.S. Environmental Protection Agency awarded Yardi one of 191 ENERGY STAR® Awards for 2020 for national leadership in creating cost-saving energy efficient solutions. The company earned its second consecutive ENERGY STAR Partner of the Year Award, EPA’s highest level of recognition, for helping clients benchmark energy and water usage, widely promoting ENERGY STAR resources and earning ENERGY STAR certification for its corporate headquarters. And what did the other 190 award winners achieve? Their initiatives show that organizations in every sector of the economy – whether a real estate services leader, industry trade association, toothpaste manufacturer, baked goods pacesetter, top-tier university, venerable automobile manufacturer or aerospace behemoth – can find ways to protect the environment and save energy. Here’s a sampling of the most recent ENERGY STAR Award winners: Global commercial real estate services provider Cushman & Wakefield gave its tenants more than 20 presentations on implementing energy efficient practices and using ENERGY STAR-certified equipment. The company also trained vendors, brokers and building contractors in energy management goals and in using ENERGY STAR as a market differentiator. Cushman & Wakefield achieved ENERGY STAR certification for 130 buildings in 2019. BOMA International, a trade association for commercial real estate professionals, completed Year 2 of its W2 Challenge, an initiative to benchmark water use and waste output that was built with the support of a grant from Yardi. The organization also continued its ENERGY STAR-related education and recognition programs in 2019 and prominently featured ENERGY STAR in its videos, industry conferences, magazine, e-newsletters, webinars and social media. Bimbo Bakeries USA, whose brands include Thomas’, Sara Lee, Arnold and Entenmann’s, reduced energy use by 2.3% from the previous year and became the first major baking company to purchase renewable energy for 100% of its electricity...

Changemakers Series Oct08

Changemakers Series

Charlie Trefzger is no stranger to change. Already this year, as president and CEO, he oversaw the rebrand of his company from Affinity Living Group to ALG Senior. At the same time, he reorganized his company’s operational structure. ALG communities now have more autonomy in how they operate, able to make decisions and take action without a set directive from headquarters. That’s not to say that Trefzger and his team don’t support their communities, however. When the coronavirus first started making news, they instituted change after change to ensure resident safety. They reacted fast thanks to having prepared well in advance just for this sort of emergency. “We implemented a pandemic flu policy some time ago. Since, we have tailored it to the COVID-19 policy, which is founded upon the CDC guidelines,” said Trefzger. “We’ve been drilling and practicing that for a good portion of the last year, and Lord have mercy, here we are right now dealing with it.” In recognition of the transformations Trefzger has driven, Senior Housing News has inducted him into the 2020 class of Changemakers. Read on to learn what steps ALG took to slow the spread of COVID-19 and how he believes the pandemic will impact senior living going forward. What have been the biggest changes that ALG Senior has made since COVID-19 hit in mid-March? Gosh, what hasn’t changed? There have been so many things that we’ve had to adapt to, such as visitation; narrowing our network of health care professionals; gathering data and having a greater reliance on data; the screening of our employees; using technology, both for visits as well as data-gathering and for activity programs; the need to address loneliness in our residents and trying to be innovative with visits. Probably our biggest change...

Digital Services Oct07

Digital Services

Residential property investors speeding up digitalisation due to the corona pandemic is a positive development, says Terrence Wong, Yardi regional manager for Europe. However, the main reason for going online is that very soon, potential tenants will expect and demand digital services. ‘The result is happy tenants, more efficient business processes and greater profitability.’ Wong was one of those taking part in the Yardi roundtable on the use and the necessity of the further digitalisation of clients’ journeys. In the Netherlands, the leasing cycle is frequently still very laborious, says Wong. ‘Tenants don’t meet their property managers until the leasing cycle starts. Property managers are often hard to get hold of. The perception of a potential client who spends 20 minutes in the queue, is not put through and has to call back a few days later is obviously far from positive. The new tenant subsequently has to print out lots of documents to be signed, then has to pass by to view the property, and then again to sign the contract. And all this exclusively during office hours.’ Moving faster Digitalising the whole leasing cycle, both for the tenant and our own organisation, cuts out a lot of the red tape. ‘See it as a service to the tenant. Tenants want to do it all themselves through a smart app, without being tied to office hours or the property manager’s agenda. And property managers, too, want to move fast. Having tenants submit all their details digitally and allowing them to take care of many of their affairs themselves requires fewer internal employees. Furthermore, complaints can be processed and dealt with quickly, with ongoing automatic updates. This leads to happy, well-informed tenants and an efficient internal completion procedure.’ High tech and high touch According...

Power Plays Oct07

Power Plays

While energy efficiency is important every day of the year in any economy, 2020 is presenting unique challenges along with big opportunities for companies and individuals alike and now is a great time for everyone to take control of energy use and utility costs. Using energy efficiently is the simplest way to lower utility bills, improve air quality and reduce environmental impact as part of a larger concerted effort. Driven by the mission to save money, cut pollution and create jobs, Energy Efficiency Day on October 7, 2020, is a collaboration of dozens of energy efficiency advocacy groups around the U.S., including the American Council for an Energy-Efficient Economy (ACEEE), Advanced Energy Economy, Alliance to Save Energy, Natural Resources Defense Council, the Regional Energy Efficiency Organizations and many others. As we come together for the fifth annual Energy Efficiency Day, the event website offers some great tips to deal with pandemic-related utility costs now and through the summer. A costly lockdown While working remotely and spending more time at home is helping to stop the spread of COVID-19, it’s not helping most people’s wallets. For areas in a home that need improvement to increase energy efficiency, workers usually need inside access. During a pandemic, that kind of exposure carries serious safety concerns. If you’re not ready to let utility pros into your home, what can you do? Consider a virtual energy audit. Check with your local utility companies to find out if they offer this convenience in your area. There are also some things you can do yourself to increase energy efficiency and stop the waste. Following are a few highlights and takeaways from the article Pandemic Hurts Efficiency Jobs But You Can Still Make Energy-Saving Upgrades. Seal the gaps Check around windows and doors as well as mail slots, electrical outlets and window-mounted AC units. Wherever you find a crack or gap, seal it with caulk or weather stripping. Replace filters Keeping your furnace and air conditioner filter clean will ensure they aren’t working harder than they need to — which saves you money, lowers emissions and extends the life of your equipment. Lighten up your bills Switch your bulbs to LEDs, which use up to 90% less energy to deliver the same amount of light as incandescent bulbs — and they last up to 25 times longer. Save water With a high efficiency showerhead, you can save more the 2,000 gallons of water per year, most of which is hot water, so you also get the savings on heating. While you’re at it, install an aerator in your kitchen sink — a pressure compensating model ensures plenty of flow power while it reduces water use. Want to learn more? Get the scoop on ways to save on your next energy bill for tips including ENERGY STAR® appliances and how you can take part in Energy Efficiency Day. For property managers and owners looking for ways to gain control over energy consumption and reduce costs, join a free webinar on energy solutions brought to you by Yardi, named an ENERGY STAR Partner of the...

Argentum Illuminates Oct06

Argentum Illuminates

The annual Argentum Senior Living Executive Conference Argentum wasn’t live with thousands in attendance as is usually the case, but it still lived up to its legacy as a major event in the professionally managed senior living community industry. Held in September and hosted by a major national trade association, Argentum offered 30 hours of programming over three days. Leaders from Life Care Services, Mather, Eclipse Senior Living, Heritage Communities and other providers offered tips on such timely topics as shifting from survival mode to a sales-oriented environment, giving buyers a seamless journey (“omnichannel marketing”), protecting health data from cyberattacks and staying ahead of COVID-19. Besides sponsoring registration for the event, Yardi’s principal contribution was hosting a virtual session that addressed how advanced business intelligence technology can drive informed decision-making. Senior living executives J.R. Southerland and Richard Nix focused on one of Yardi’s new contributions to efficient senior living management – Yardi Senior IQ, a BI solution designed for senior living that compiles portfolio-wide information. Southerland and Nix explained how executives can use Yardi Senior IQ to execute benchmarking, elevate reporting to investors, board members and others, and deliver details on everything from unit availability to current market rates. Please contact us if you would like to know more about the business intelligence presentation or the Argentum conference in...

Future of Coworking

One of the most significant trends in coworking and throughout the commercial real estate industry, is the advancement of uses for Artificial Intelligence (AI) and the Internet of Things (IoT). For managers and landlords, it leads to improvements in operational simplicity, features that increase revenue and reduce long-term costs with short-term investment. In our newest eBook, we analyze how AI and the IoT impact shared workspaces today and moving forward. We look at the most prevalent applications of advanced technologies in coworking then examine data on AI implementation and how it has evolved quickly over the past few years. Victor Vasev, Yardi senior director of coworking, explains how the Yardi Kube platform is using AI and IoT to help operators facilitate day-to-day business and adhere to social distancing guidelines for members. Finally, what is next for AI? Our eBook concludes with a look at the next steps for AI in the commercial and coworking sectors. Introduction to AI For the last decade, there has been consistent and rapid growth of coworking which has run parallel to the increase in the uses and potential for AI and IoT. Just about every aspect of our lives – comfort at home, entertainment, energy efficiency, transportation and now social distancing – have been altered by smart technology. The definitions of AI and IoT are intertwined, yet unique. The Internet of Things are internet-enabled devices, connected to collect and share data. Artificial Intelligence means your software gathers data, processes information and analyzes or makes predictions based off that data. In short, IoT is about connection and performing tasks, like requesting that Alexa turn down the temperature on your Nest thermostat. Artificial Intelligence goes beyond what human analysis is capable of to draw conclusions from data, like the Nest itself...

Autonomous cars

Back in 2015, General Motors, Google’s Waymo, Toyota and Honda made announcements that by 2020 they will have driverless cars. Elon Musk was even more optimistic and said that Tesla would do it by 2018, but when that failed, he moved up the release date to 2020. We are in 2020 and as we all see, there are no sign of driverless cars on the streets. Musk recently commented that by the end of this year, Tesla will have fully autonomous cars. While Tesla may have the technology to enable a car to finish a journey without any human input—what the industry calls level 5 autonomy—the actual development of the vehicle not only has to be safe, but also meet complex legal requirements. How do they work? In theory, self-driving cars need to be outfitted with cameras that can see all the objects around it and be able to react rather than steering into one. These cameras help the car to view objects, while there are also sensors that help them detect objects like pedestrians, other vehicles and road signs. Lidar uses lasers to measure the distance between objects and the vehicle, while tracking speed and direction. The sensors send data back to the car’s control system or computer to help it make decisions about where to steer or when to brake. There are also cases when bad weather, heavy traffic or roads signs with graffiti can negatively impact the accuracy of sensing capability to self-driving cars. We will have to wait and see if an autonomous car can drive as well as a human. Autonomous cars cannot make eye contact with others to confirm who has the right of way, react to weather conditions or make judgment decisions that are much more difficult...

Westmont Living Oct01

Westmont Living

Over the years, Yardi client Westmont Living has developed creative ways to honor esteemed residents. The tradition continues through the age of social distancing, requiring ingenious workarounds that still help residents feel appreciated and valued. Honoring Lt. Dever’s 105th birthday Westmont Mariposa at Ellwood Shores is home to veteran Charles “Charlie” Dever. First Lt. Dever enlisted in the Army Air Corps in 1941, and he served as a lead navigator in the 98th Bombardment Group flying B-24s during World War II. Devers lived independently until he was 103. He then joined the family at Mariposa at Ellewood Shores. The quiet life that he now lives gave no indication of the surprise that awaited him for his birthday. It began when Lt. Dever’s daughter, Kathy, emailed Vandenberg Air Force Base to plan a surprise for her father. In response, the 30th Space Wing leadership notified its members of the momentous occasion. Active Air Force servicemembers near and far penned more than a hundred thank you letters to the veteran. To deliver the letters and show their appreciation, Vandenberg staff, Kathy and Team Mariposa arranged a grand ceremony. Festivities kicked off with a color guard presentation and speeches by Westwood executive director Peter Bonilla and 30th Space Wing Commander, Anthony Mastalir. Mastalir presented Lt. Dever with a 30th Space Wing challenge coin and granted him honorary membership in the United States Space Force. Vandenberg leadership then presented Lt. Devers with an American flag. Party planners arranged a car parade that would allow friends, family and community members to safely show their support for the veteran. Dozens of cars streamed through the property, showcasing their decorations, cheering and sending well-wishes to Devers. During his speech, Commander Mastalir said, “While Charles will tell you that his years in...