CoStar Real Estate Manager

(14)
3.6 out of 5 stars

CoStar Real Estate Manager is a real estate management software that allows you to make decisions based on information about your entire portfolio.

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CoStar Real Estate Manager Reviews

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Showing 14 CoStar reviews
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CoStar review by <span>Thao T.</span>
Thao T.
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Great tool and search engine for quick information

What do you like best?

It is user friendly, easy and quick. The reps know their products and are available to help. We use apartment.com to advertise our apartments and they're able to provide monthly reports of the traffic coming in.

What do you dislike?

Unfortunately not all apartments are listed on and information may not be up to date. Also anyone can create an account and post information that may not be correct. But I believe the company goes through it to filter the information daily.

Recommendations to others considering the product

Have a designated person in the office to do a daily check and update on the account.

What business problems are you solving with the product? What benefits have you realized?

Easy updates of our pricing and information. Our apartment's prices changes daily therefore we can easily update the information ourselves instead of waiting for someone else to do so. We can also post our specials and customized add ons/amenities.

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CoStar review by <span>Marshall B.</span>
Marshall B.
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Reviewed On

CoStar - Real Estate Research for The Masses

What do you like best?

CoStar is a helpful place to conduct a quick cursory review of a market, but also it is the number one place where individuals outside of the real estate industry turn to locate available properties.

What do you dislike?

Sometimes there can be conflicting information on the same property, but different pages. Additionally, sometimes the agents can be incessant with their calling to update your properties. Blessing, and a curse at times.

Recommendations to others considering the product

Ease of implementation of new properties, marketing/brand recognition is high value, and ease of getting in touch with marketing representatives make it a valuable tool.

What business problems are you solving with the product? What benefits have you realized?

Ease of access to quickly review a new/updated property in an area I don't typically frequent. Also, ability to review/search for a specific criteria anywhere in the country.

What Lease Administration solution do you use?

Thanks for letting us know!
CoStar review by <span>Ari S.</span>
Ari S.
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Verified Current User
Invitation from G2 Crowd
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Great Product. Worthwhile for any broker and investor

What do you like best?

Tells you traffic counts, nearby properties of interest (including retail and hospitality) and so many other statistics that are necessary in the performance of due dilligence and marketing for any property. Additionally, it often tells you the owner and info, although not always accurately.

What do you dislike?

Not always so accurate with owners, filtering is a little wonky, and sometimes with certain stats it's all or nothing reports. While very cosmetically pretty, it misses the mark on some iimportant featiures which a developer would want. Working on NYC properties, there are definitely better softwares out there, but having worked on retails in other, more rural towns, it was very helpful and definitely crucial.

Recommendations to others considering the product

Do not rely entirely on Costar. It is a great tool, but some things need further verification. Utilize customer support. They are extremely helpful and will often provide you with tools not available on the site.

What business problems are you solving with the product? What benefits have you realized?

As a brokerage and investment company, it is important to know all relevant info for a property. This includes rent rolls, size of properties, owner info, traffic counts, and nearby retail establishments of note. Costar helps with all of this and more. While less valuable in urban areas, when we were buying / brokering properties in rural areas, CoStar was totally necessary as an initial step into due diligence. Everything did need followup verification, though.

CoStar review by Industry Analyst / Tech Writer in Real Estate
Industry Analyst / Tech Writer in Real Estate
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Verified Current User
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Reviewed On

It is the best product for commercial real estate but has serious flaws

What do you like best?

CoStar is the industry standard for commercial real estate information. It is good because it has a plethora of information that can be easily accessed.

What do you dislike?

CoStar has a ton of dated information that many times is incorrect. Additionally, the customization of CoStar is lacking and the information is inconsistent for the my market. Rates can be stated in different ways and CoStar cannot distinguish between a net rate and gross rate when looking for space. Last, the platform does not have a verified way to change information. As a tenant-rep, I have called CoStar to have a listing in our name and they never once verify if ownership agreed to it.

Recommendations to others considering the product

CoStar is the industry standard so it is a necessity. I wish CoStar would listen to the industry more and make desired changes.

What business problems are you solving with the product? What benefits have you realized?

It is not solving a business problem, it is more providing a service of industry knowledge to brokers. The benefit is market knowledge.

CoStar review by <span>John M.</span>
John M.
Validated Reviewer
Invitation from G2 Crowd
Reviewed On

Costar Real Estate Manager Review

What do you like best?

I am a very very big fan of the outsourced lease services team. Lease analysis is some of the most time consuming and dense work in the real estate industry, and the ability to outsource it through a reliable and credible team is a major draw.

What do you dislike?

One thing i do not like about costar is that there is no free version. I remember as a student I was never able to use their research because it requires a subscription, unlike some other online real estate services.

Recommendations to others considering the product

I think the costar platform is easy to use and the data and services they provide are top notch.

What business problems are you solving with the product? What benefits have you realized?

As previously mentioned, I am able to spend less time on lease administration and more time on property and asset management.

CoStar review by Administrator in Retail
Administrator in Retail
Validated Reviewer
Verified Current User
Invitation from G2 Crowd
Reviewed On

CoStar Real Estate Manager Review

What do you like best?

I have used CoStar Real Estate Manager formerly Virtual Premise, for over 10 years, and have found it to be an invaluable tool for collecting, managing, reporting and analyzing information

What do you dislike?

Since a recent update, we have experienced reporting issues. Many existing reports that previously worked yield error messages when attempting to run them. We have also found issues with the contacts module.

What business problems are you solving with the product? What benefits have you realized?

We use CoStar to solve our portfolio management, lease administration and document management needs. We also use this product for planning, scheduling and reconciling maintenance requests.

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