Yardi Systems

And it was created to predict a bad debt event, either eviction or I think it's over 30 days over a certain dollar amount.

And so what they did, but what it was, and they refresh it every few years, they take a bunch of LexisNexis eviction data, and then they take a bunch of rent roll data I think mainly from like Yardi or someone, they get some property managers to opt into the study.

And then they go look at their credit score when they applied, their Vantage score.

And then they go look at the outcome, the rental outcome.

Today's guest is a good one.

Lara Hamilton is the Director of IT Services at Help Desk Realty, where she... leads a team supporting more than 1,400 property management users across platforms, including Yardi, RealPage, and AMSI.

She has more than 15 years' experience at the intersection of technology, operations, and compliance, helping organizations adapt and scale technology while keeping the people using it at the center of the process.

But Laura's own path into technology wasn't traditional.

Hello, I'm Matthew Watts and I'm your host of the People Property Place podcast brought to you in partnership with Yardi and Art Capital.

Harry, welcome to the show.

Thank you, Matt.

Thank you very much.

Well, thank you, Harry.

And thank you to Yardie and Art Capital for powering this podcast.

Look forward to seeing you next week for more.

But I was at Procore's Groundbreak last week.

And the takeaway from Groundbreak was similar to what we had from the takeaway from Yardi's Yass conference, where what these leading con tech companies, not construction tech, con tech, are doing um is incredibly impressive whether it's from like mobile apps that procore is building to do voice dictation to their gcs and like kind of connect that with the drones and the robotics that they're employing on the job sites they just partnered with meta to create those uh that to create meta glasses for subs and gcs and partnered with nvidia uh some kind of rambling there but it was really impressive and just this whole this whole construction industry is just such a behemoth

it really

is to transform so to your point they're fighting the good fight

People hate on CoStar.

It's like

Yardie, 40 years in business.

People hate on Yardie, people hate on CoStar, but when you're around for 40 years, you have this moat.

Preemptive alerts when it comes to the financials, no.

Personally, we use Yardi.

Yardi is, you know, we talk about our data.

That's our data.

We own it.

If we transfer it to a different PMS system, it's going with us.

It doesn't stay with Yardi.

The downside is that what I've seen other companies do is they have a CTO who's going to go create a, it's like a, what do you, it would be a carbon copy of Yardi in a different database.

But...

I don't see at this point fully starting a property management company just because there's a lot of economies of scale that they get between relationships with Yardi, relationships with Apartments.com. We can get good roofing prices, for example, because they can go in and say, well, we have 10,000 roofs in Atlanta and give us your best price on these 15 and then you're now in our list and we'll use you for the rest of our deals.

So...

And we see that we do, you know, we come in and do maybe a $1.5 million CapEx project.

Coming to you live from Cretec, New York, at the Javits Center, day one of New York City Real Estate Week.

Yardi has been at the system of record for commercial real estate for over 40 years.

The question now is how does that system evolve from a system of record to a system of intelligence? Our guest today is Rob Teel, CEO of Yardi.

Rob, how is Cretec and New York City Real Estate Week treating you?

It's fantastic.

but there's an energy here that's exciting to be a part of.

And I'm looking at these booths as, yeah, okay, on one hand they're competitors to some of our products, but also they're the ones out there shining a light on some new area of real estate tech and AI that we haven't thought of.

And so without them, there's kind of a symbiotic relationship for a large company like Yardi with 10,000 employees and a 40 year history.

Welcome to the People, Property, Place podcast powered by Art Capital and Yardie.

My name is Matthew Watts and I'm your host.

And today marks a really important milestone for the show.

And if you are listening at home or you're commuting to an asset or you're out for a run, when you're able, do drop me a DM if you've got any ideas of guests that we should get on the show or topics that we should cover.

I would be so grateful.

Special thanks to Art Capital and Yardie who power the podcast and to Bradley for joining me today to talk a little bit about your background, journey and career.

I've really, really enjoyed it.

So thank Do tune in next week for more.

The issue isn't going away.

Last week, a federal judge in Seattle led a similar case against Yardi Keep Moving.

Yardi says its software doesn't use competitors' confidential data.

Steven, I don't want to litigate the past here.