SANTA BARBARA, CALIF., Sept. 1, 2011 – Yardi announced today that property owner and manager Dart Properties II LLC has selected Yardi Voyager™ as the new property management and accounting platform for its residential portfolio.
Dart Properties’ previous Windows�-based platform was rapidly becoming antiquated and incapable of accommodating new products for online marketing and resident services, automated invoice processing and other business operations. “We often had to create software applications to augment the inefficiencies of our property management software. This duplicated our efforts,” said Bill Schneider, systems administrator for Dart Properties. The company conducted a year-long search for a new solution that concluded with its selection of Yardi Voyager.
“Yardi’s engineering philosophy of ensuring that all Yardi applications perform to a strict rule set, as well as the company’s database management expertise, provided the tipping point for our decision,” Schneider said.
Dart Properties also adopted three other products as part of Yardi Voyager:
– Yardi Portal™, whose dynamic link with Voyager will allow real-time online marketing of properties and available units, online leasing, and numerous online self-service options for residents including rent payments, lease renewals and work requests. “Portal will provide tremendous benefits. Information on a guest card will migrate all the way through the process to residency. We will market our properties more efficiently without having to rely on our previous piecemeal system which required file transfers,” Schneider said.
– Yardi Payment Processing™, which lets residents pay rent online through Yardi Portal, maximizing Dart Properties’ cash flow and reducing trips to the bank with same-day electronic fund transfers. “We have only two people to handle payments for more than 3,000 units. Payment Processing’s automation will enable processing in a timely manner,” Schneider said.
– Yardi PAYscan™, which reduces costs, labor and errors associated with invoice processing by scanning invoices into electronic transactions and automating workflow through the approval process. “PAYscan will be a big gain for us. We will no longer have to manually import information,” Schneider said.
Yardi Cloud Services™ will provide hosting services to Dart Properties. With Yardi Cloud Services, Yardi serves and maintains the Voyager application and database for Dart Properties from its data center. By providing this service, Yardi assumes responsibility for all application updates, network security, hardware, bandwidth and infrastructure, allowing Dart Properties to focus on its principal business.
“We look forward to helping Dart Properties achieve their strategic goal of facilitating uniform procedures across their residential property portfolio,” said Terri Dowen, senior vice president of sales for Yardi.
About Dart Properties II LLC
Dart Properties II LLC, formed in 1984 and based in Sterling Heights, Mich., is a full-service property management company that provides luxury residential and corporate housing in the suburban Metro Detroit area. While Dart Properties’ primary investments are apartment communities, the company is also involved in other developments, such as the Laurel Valley Office Complex. For more information, visit www.dartproperties.com.
Yardi Systems has been committed to the design, development and support of real estate investment management and property management software for nearly 30 years. With its Yardi Multifamily Suite™, Yardi Commercial Suite™ and Yardi Investment Suite™, the Yardi Voyager™ system is the most comprehensive single real estate management platform on the market today. Yardi serves clients around the world from offices in Asia, Australia, Europe and North America. More information about Yardi products and services is available at www.yardi.com.
Trade Media Contact: Joel Nelson 805.699-2040, ext. 1255