Property management software providers, such as Yardi, offer a wide range of platforms, verticals and modules. When selecting the best options for your business it is helpful to understand the needs of your particular organization.  At Lynx, clients often ask us for  a System Assessment to help with this process and to ensure the proper set-up of software.  Below we have developed steps to help you in this process:

  1. Determine Your Business Needs: Before choosing property management products, it is crucial to identify your organization’s specific requirements. While some things are standard for all property managers, many businesses have unique needs based on their size and portfolio. As such, certain products may or may not be necessary for your business. Identifying gaps or needs can help you determine which products are most suitable for your organization.
  2. Consider Your Business Size and Focus: The size of your business is another critical factor to consider when selecting property management products, such as Yardi. If you have a small business or focus solely on one asset type, your requirements will be a lot more basic than a large business with a diverse real estate portfolio. 
  3. Look for Customization Options: Every business is unique, which is why Yardi offers customization options that allow you to choose solutions that meet your specific needs. This can range from what products you choose, to creating customized reports that reflect your specific requirements. 
  4. Check for Integration Options: Integration options with other software and applications can be advantageous for businesses that use other tools for their operations. Yardi offers more than 300 integration options, which can be found on their website.
  5. Find the Right Consultants: Implementing, and supporting Yardi’s powerful features may require more time and expertise than you have internally. In fact, at Lynx, we have assisted hundreds of clients to optimize their property management systems with services such as System Assessments, Help Desk Support, Report Writing, Training, System Integrations, B. I. Solutions, On-boarding of new properties, Technical Writing and Out-sourced Services.

Following these steps will help you to select the appropriate property management products, and to ensure they are properly implemented and supported. This process can seem daunting, but having the right consultants conduct a System Assessment can be invaluable.