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Trees that provide a habitat to bats and an abundance of bugs—their main food source—will attract bats to your yard. Because the North American landscape has changed so much in recent years, bats have a harder time finding trees with cavities to shelter in. If your yard has a dead or dying tree with a lot of sun exposure, bats will likely be drawn to it because trees with those features are less common.

Squirrels hate not having access to secure shelter or food sources. Your best line of defense is to make your property less attractive by removing access to these things. There are chemical squirrel repellents, but these have mixed success. According to Pennsylvania State University, you can apply products containing the bittering agent denatonium saccharide to a squirrel's favorite fence, tree, or roof spots. However, you need to reapply repellents regularly, which aren’t scientifically proven effective.

Probably not. Many imitation nests are meant to be hung from trees or other tall places, but not all yellow jackets nest up high—most species, such as the common yellow jacket and the southern yellow jacket, build nests in the ground. 

Woodpeckers may seek out homes with aluminum siding or tin roofs because these surfaces echo their drumming. Homes with wood siding are more frequently targeted as roosting areas or for food sources. If you have insects living in the exposed wood in your home, the birds are likely looking for a snack, in which case your best option is to hire an exterminator.