What can I do with Yardi that I can’t already do with the other platforms?
I use CoStar and RCA on a daily basis. I have access to REIS but don’t often use it, I’m also using DUS insights (expense comps) frequently. Recently got access to Yardi, and wanted to know if they do anything better than the others that I mentioned. All I know is that PM’s use it, and it’s another database.
[{"id": "j04j1ru", "text": "Had multi family teams that liked the info in yardi  more, since it collects the actual rental info. Costar owns apartments.com so I feel like they are dumping a lot of money into that. \n\nReis I always felt was kinda useless, and yardi mostly too. Rca I use like once a month for their loan info, but costar has sales comp info, why so I need to go to two different places? \n\nI am old, I don\u2019t want to have 10 different logins and passwords for redundant systems.", "replies": [{"id": "j04jhe1", "text": "Got it. Agree that reis is kind of useless lol, we use RCA for sales comps because it\u2019s typically better than CoStar", "replies": [], "depth": 2}], "depth": 1}, {"id": "j050tnz", "text": "Yardi has really good economic research. Their multi family outlook publications are great to understand how markets compare to each other. Their rent growth forecasts also seem the most middle of the road, with Costar always being very conservative and Axio being aggressive. I also like the way they visualize absorption and pre-leasing on individual properties. There is a nice demographic report too where you can enter any address and get a quality export.", "replies": [], "depth": 1}, {"id": "j056wuq", "text": "I\u2019m not sure Yardi and CoStar are comparable. On the accounting end Yardi is a wonderful product for commercial and multifamily. Then, you can add in RentCafe and CondoCafe depending on the multifamily type to manage residents. \n\nI wasn\u2019t even aware Yardi offers any comp reports if they do. Hell we\u2019re on Yardi and use RealPage for Axio and Asset Snapshot.", "replies": [{"id": "j06i6tq", "text": "Former Yardi Matrix employee here. Matrix offers pretty comprehensive sales comp reports, though sometimes the data can be limited \u2014 e.g., it only includes multifamily of 50+ units, or it doesn't have access to sale prices in non-disclosure states like Texas, Ohio, etc. so just \"estimates\" based on a static LTV figure when a loan's involved. Still, on the whole, it seems pretty solid.", "replies": [{"id": "j07hr9w", "text": "slightly off topic but ohio is a disclosure state, they just allow entity transfer transactions which hide the sale price and dodge an automatic tax reassessment.  That always seemed like a crazy tax break only used for the very wealthy to me lol.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}]