Get detailed revenue and expense forecasting using your performance data to quickly build more accurate budgets. Eliminate spreadsheets and align teams with a simple tool that improves collaboration and shortens cycle times.
Part of Yardi Elevate for multifamily.
Create budgets quickly using your historical Voyager unit-level data. Apply assumptions and calculations to meet business goals and build a more accurate budget in less time.
Make time-consuming manual budget workshops a thing of the past. Address both the revenue and expense sides of property budgeting and combine complete revenue budgets with expense budgets for a total property-level budget.
Eliminate error-prone spreadsheets and duplicate data entry. Align teams with a simple-to-use tool that delivers reliable revenue predictions.
Forecast IQ automatically applies your assumptions and formulas to the existing rent roll from Voyager and calculates the projected revenue for each month and unit.
Director of Systems
“I can click a button and find out in seconds what our growth rate or total revenue is going to be for the year, and we can forecast and reforecast on the fly.”
Improve oversight with workflow, versioning and communication tools. Facilitate collaboration between teams by viewing independent updates to each asset.
Versioning and check-in and check-out functionality let you control and view independent updates to the budget. Configurable workflows ensure the budget is routed through the proper approval process.
Reduce cycle times with a connected solution that prevents data rekeying and automatically integrates your portfolio information. Easily make revisions and reforecast to adapt quickly.
Gain transparency using a single source of data to create budgets and revenue forecasts. Forecast IQ gives you automatic access to your Voyager unit and lease-level data to deliver instant predictions for annual revenue and ancillary income. Predictions are based on data-driven market assumptions and a powerful calculation engine.
Harness your historical data for an accurate prediction of an asset’s future revenue performance including new and renewal growth rates.
Forecast IQ predicts your actual renewals and move-outs by analyzing in-place leases for each unit and applying the appropriate renewal rate and new lease rent growth to project actual rental income on a unit-by-unit basis. Estimated vacancy loss, turn-times and concessions are also factored in.
Get a complete picture of each asset’s budget status for your entire portfolio on one clean and easy-to-use dashboard with KPIs and drilldown.
Drill down to any asset and view all budget versions with every associated detail needed to generate an accurate and informed forecast.
Use your actual data to model ancillary income including rentable items and other charges to predict the impact on your revenue. Standard and configurable calculations are included to consider the most common scenarios for residential revenue budgets.
Calculations include rent, application fees, late fees, concessions, loss to lease and more. Historic performance data of rentable items — such as parking spaces and other non-rental income — is automatically pulled into the income model, so you can budget based on your expected use for the upcoming year.
Forecast IQ is part of Yardi Elevate for Multifamily
Yardi Elevate provides in-depth operational data and predictive insights with recommended actions to elevate asset performance by lowering costs, balancing risk and increasing revenue. Learn more.
Elevate asset performance by lowering costs, balancing risk and increasing revenue with tools that provide in-depth operational data and predictive insights with recommended actions.
Get in-depth analytical insights into your operations and competitive environment with machine learning recommended actions for meeting your financial and operational goals.
Get better results with a dynamic revenue management system built into Yardi Voyager. Now you can increase rental income growth while you improve occupancy.
Connect your maintenance operations and get oversight to reduce vacancy days. A mobile app and integrated procurement help you make repairs faster and move residents in sooner to increase rental revenue.
Combine financial and property management information in a centralized database — with mobile access to execute leasing, provide resident services, view dashboards and complete tasks from anywhere.