Tricon American Homes selects Yardi for its property management platform

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Single-family rental home manager implements a single stack technology strategy

SANTA BARBARA, CALIF., April 16, 2015 โ€“ As part of a plan to scale its operations, Tricon American Homes wanted to replace several business systems with a single, integrated source of data whose automation and efficiency would let it grow its portfolio without adding overhead costs.ย  The single-family rental home owner and management company executed this plan by implementing a single solution stack anchored by the Yardi Voyagerยฎ Residential property management and accounting platform and supplemented by the Yardi Marketing Suiteโ„ข and the Yardi Multifamily Suiteโ„ข.

Triconโ€™s competitive strategy takes hold the moment a prospective resident discovers a Tricon property through RentCafeโ„ข, Yardiโ€™s full online leasing and resident services solution.ย  He or she can see the propertyโ€™s marketing website, view floor plans and complete the application online, including screening.ย  RentCafe and the Yardi Marketing Suite reduce the application process to mere minutes, rather than the hours or days it takes when disconnected systems are involved, and prospect information is automatically entered into Yardi Voyager.ย  Tricon also improved resident service by allowing online activities such as maintenance requests and payments through RentCafeโ€™s resident portal.

Additional Yardi Multifamily Suite products streamline other key business operations for Tricon.ย  For example, Yardi Fixed Assetsโ„ข enables physical and financial monitoring of the companyโ€™s major property assets through their complete lifecycle, from purchase order to final disposition.ย  Yardi Inspectionโ„ข lets the company schedule and perform unit and property inspections.

Implementing Yardi Voyager and the full business suite of products has allowed Tricon to keep its business โ€œclean,โ€ meaning thereโ€™s a clear audit trail and the marketing and application process is user-friendly.ย  Inefficient interfaces among systems have also been eliminated, electronic payments have been enabled, the procurement process has been centralized and maintenance schedules across the company have been streamlined.

 

โ€œWe are pleased that Tricon has selected Yardi as the platform to help improve its business,โ€ said Terri Dowen, senior vice president of sales for Yardi.ย  โ€œWe have specifically developed our platform so that companies like Tricon can consolidate on a single business-wide system.โ€

About Tricon American Homes

Tricon American Homes owns and manages a portfolio of more than 5,000 single-family rental homes in 11 major markets across the United States. The companyโ€™s homes have all been professionally renovated to a high common standard and are located in desirable neighborhoods with a focus on access to major employment nodes and transit corridors.ย  Tricon American Homes is majority owned by Tricon Capital Group Inc., an asset manager and principal investor focused on the residential real estate industry in North America with over $2 billion of assets under management.ย  Since inception in 1988, Tricon has invested in real estate and development projects valued at over $13 billion.ย  More information about Tricon is available at www.triconcapital.com and www.TriconAH.com.

About Yardi

Now in its fourth decade, Yardiยฎ is committed to the design, development and support of software for real estate investment management and property management. With the Yardi Multifamily Suiteโ„ข, Yardi Commercial Suiteโ„ข, Yardi Investment Suiteโ„ข and Yardi Orionโ„ข Business Intelligence, the Yardi Voyagerยฎย platform is a complete real estate management solution. It includes operations, accounting and ancillary processes and services with portfolio-wide business intelligence and platform-wide mobility. Yardi is based in Santa Barbara, Calif., and serves clients worldwide from offices in North America, Asia, Australia, Europe and the Middle East.ย  For more information, visitย www.yardi.com.

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