February 04, 2013 at 14:42 PM EST
Yardi Introduces New Enhancements to Yardi Resident Screening

Yardi announced today that it has completed several enhancements to Yardi Resident Screening™ designed to help clients operate more efficiently, manage risk better, comply with screening regulations, and improve net operating income.

New developments include a refreshed look and feel to the system, a revised Premium National Criminal Records module, and an upgraded National Eviction Search module for clients using the Statewide Eviction Search feature. Clients can also leverage Yardi Orion™ for SharePoint® to combine screening results from Yardi Resident Screening with resident history data in Yardi Voyager™ for unprecedented business intelligence. For example, combining these types of data can reveal payment, skip, eviction, and delinquency trends that allow property managers to adjust screening criteria to select higher-quality residents.

These advancements coincide with the rebranding of RentGrow Inc., a leading provider of online resident screening services for multifamily property management firms since 1989, to Yardi. They also complete the transition of TotalScreen, RentGrow’s Web-based applicant screening platform, to become Yardi Resident Screening. Effective Feb. 4, 2013, RentGrow clients will see the new Yardi brand on their screening communications.

Yardi acquired RentGrow in February 2010 as part of its initiative to add resident screening to its full business solution with the Yardi Multifamily Suite™. Clients using Yardi Resident Screening can incorporate credit checks, rental payment history searches, background checks, and other applicant screening functions into their leasing workflows in Yardi Voyager, in the new Yardi LeasingPad™, and in the online leasing workflow in RENTCafé™.

“The benefits of Yardi Resident Screening have been enormous for us,” said David Barnhill, vice president of finance and accounting for Ascentia. “Previously we had a patchwork of background check vendors and processes. With Yardi Resident Screening we can quickly identify residents who are a better fit for our communities. It’s easy to use, the time required to receive a report is a fraction of what it previously was, and executives have instant access to conversion statistics. Also, every community uses exactly the same process. We benefit administratively, from a cost standpoint, and in our collections.”

“We can run fast, reliable credit and background checks on prospects within Yardi Voyager, without needing a third-party vendor,” said Phil Washko, director of information technology for Chestnut Hill Realty. “This has been very helpful in converting prospects into solid leads and making sure we get the right residents in our properties.”

“RentGrow clients will receive the same support and expertise that they have come to expect since the company’s founding,” said Terri Dowen, senior vice president of sales for Yardi. “Yardi is confident that our product innovation and service will be better than ever in the months and years to come.”

About Ascentia

Ascentia, based in Littleton, Colo., has been family owned and operated since 1972. Its vision and purpose has been to provide distinctive communities for American working families who want to live in affordable housing and attractive neighborhoods that also provide a community feeling. Its unique programs such as “Help Your Neighbor” and services including debt-asset management have helped make Ascentia a leader in the U.S. land lease community industry. For more information, visit www.ascentia.us.

About Chestnut Hill Realty

Chestnut Hill Realty, based in Brookline, Mass., is one of New England’s leading residential real estate companies, specializing in multifamily housing. Established in 1969, CHR owns and manages more than 4,500 units in 27 apartment home communities in Greater Boston and Rhode Island. For more information, visit www.chestnuthillrealty.com.

About Yardi

Yardi has been committed to the design, development and support of innovative real estate investment management and property management software for three decades. With Yardi Voyager platform, Yardi Orion™ for SharePoint®, and the Yardi Multifamily Suite™, Yardi Commercial Suite™, Yardi Investment Suite™, Yardi provides a full business real estate management offering that includes marketing, leasing, CRM, operations, accounting, ancillary services and investment management with portfolio-wide business intelligence and platform-wide mobility. Yardi serves clients around the world from offices in North America, Asia, Australia, Europe and the Middle East. More information about Yardi products and services is available at www.yardi.com.

SEE A VIDEO

Steven Rea of Roscoe Properties discusses Yardi Resident Screening: http://www.yardi.com/product/YardiResidentScreening.aspx

Contacts:

Yardi Systems Inc.
Joel Nelson, 800-866-1144 x1255
Joel.Nelson@yardi.com
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