Turns out eliminating fees is popular: Yardi’s recent removal of ACH fees on multifamily rent payments for clients based in the United States and Canada saw more than 5,000 clients opting in within days of its availability, the company reported.
“We are thrilled to see the scale and speed of the response from our clients. Because of this program, millions of residents now have a simple and free way to pay their rent,” said Akshai Rao, president of the residential division at Yardi. “Our focus is to always innovate for our clients’ success. It’s been this way for 40 years, and it will continue to be our focus for many more years to come.”
Yardi also announced plans to launch a resident rewards program set to be available to U.S. clients in the early second quarter of 2024. The program will provide numerous benefits to clients and residents, including: what it said will be the industry’s most inclusive and extensive rewards program — available at no cost to any property in the RentCafe network; immediate earning of points; opportunities to book travel, arrange experiences and redeem points at thousands of retailers and the option for Yardi clients to white-label their own rewards programs, allowing them to showcase their branding and build resident loyalty.
