Propertyware
3.9
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Propertyware, a RealPage company, is a powerful, customizable and open all-in-one software solution designed to help...
CoStar Real Estate Manager
4.4
Overall rating
Reviews
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About CoStar Real Estate Manager
Lease Accounting Software by CoStar helps enterprises analyze and categorize leases to streamline processes related to new lease accounting, rent obligations, percentage calculations, taxes indexing, adjustment and more. The platform includes a data import tool, which enables businesses to migrate data, create amortization schedules and receive notifications for renewals or status updates.
Lease Accounting Software comes with a data management functionality, which lets users manage real estate equipment/assets, accounting workflow and audit trail. The solution offers a host of features such as customizable charges, multi-currency conversion, planned rent revision, account receivables, reminders and more. Additionally, the rent calculation module facilitates automated monthly, quarterly or annual breakpoints generation, transactions exclusion and due payments processing.
Lease Accounting Software allows managers to create forecast or summary reports, view amortization details and handle restatements of journal entries. Pricing is available on request and support is provided via phone, email and other online measures.
CoStar Real Estate Manager pricing
CoStar Real Estate Manager does not have a free version but does offer a free trial. CoStar Real Estate Manager paid version starts at USD 5.00/month.
Starting Price:
USD 5.00/month
Free Version:
No
Free trial:
Yes
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Scott
- Industry: Restaurants
- Company size: 10,000+ Employees
- Used Daily for 6-12 months
-
Review Source
4
Reviewed on 31/12/2022
Reivew
Pros
search features, accounting flexibility.
Cons
flexibility for physical rather than monthly periods and percent rent calculations.
Christina
- Industry: Medical Devices
- Company size: 11–50 Employees
- Used Daily for 1+ year
-
Review Source
5
Reviewed on 22/04/2024
Effective Lease and Property Managing Approach
Pros
The program has an extensive guide in matters lease management, and the documents required.
Cons
The software has made the property management work efficient and no faults experienced.
Verified Reviewer
- Industry: Real Estate
- Company size: 5,001–10,000 Employees
- Used Daily for 2+ years
-
Review Source
3
Reviewed on 27/08/2019
Up to the Users to Update Listings
I don't know what other software is like this one. Everyone uses this software so it's hard to switch to something that no one knows about. Overall, it gets the job done
Pros
I love how you can find every single commercial property on here. it's concise and you can find out what you want to find out (usually). When managing your listings, you can see a performance report which is the greatest thing about this.
Cons
Brokers don't always update the listings or they purposely leave off information. Cold calling is still a thing with this software, it just gives you a base and a prep before your call in my opinion.
Jim
- Industry: Transportation/Trucking/Railroad
- Company size: 10,000+ Employees
- Used Monthly for 2+ years
-
Review Source
5
Reviewed on 02/11/2021
Lease Administration & Accounting
I encourage anyone using or considering Costar, to attend their annual Customer appreciation event in November. You will not be disappointed......they simply have a more "mature" product!
Pros
(1) Lease Administration & ASC 842 Reporting are "best in class", (2) Workflow is simply the best, in comparison to other leading software which makes you scroll to multiple screens.
Cons
N/A-Costar is the best combined "Lease Administration" and "Lease Accounting" tool on the market! They have XX% of the market (yes, I know the exact % but I did not narrow on Costar, because they were the biggest I support the decision because they are the best and most mature software option)
Hyun Ji
- Industry: Financial Services
- Company size: 10,000+ Employees
- Used Daily for 2+ years
-
Review Source
5
Reviewed on 11/01/2023
Review of lease accounting function of CoStar Real Estate Manager
Pros
I like the fact CoStar can be a database for all types of leases (real estate, equipment, etc) and at the same time become a tool for ASC842/IFRS16 lease accounting standard. This makes it easy to reconcile accounting reports back to lease data, and also having access to one application can allow users view both lease data and lease accounting data.
Cons
Reporting dataset is a bit complicated, I was wondering if all the fields can be included from all the datasets. Also we cannot see the list of the data fields available in each of reporting dataset until we actually choose it and look through the list. Also we want a simple and easy rollforward of overall lease accounting schedules, the current report is very complicated to interpret or explain.
Cheryl
- Industry: Airlines/Aviation
- Company size: 1,001–5,000 Employees
- Used Daily for 2+ years
-
Review Source
4
Reviewed on 28/12/2022
CoStar review
Overall my experience is good but more training is needed to fully understand all the features.
Pros
For the most part CoStar is easy to use.
Cons
Customer service and follow up is terrible. I need responses right away and sometimes it takes days for the issue to be resolved.
Mei
- Industry: Pharmaceuticals
- Company size: 10,000+ Employees
- Used Daily for 6-12 months
-
Review Source
5
Reviewed on 05/01/2023
User Friendly with great customer support
I am admin and working very closely between the user and CoStar Real Estate Manager support. I do receive valuable feedback from the user and provide to Costar for further system improvement.
Pros
The system is very easy to use and navigate; As system admin, the strong customer support we received from Costar is just a plus
Cons
There are always rooms for improvement but it does not seem to be any time soon
Alesa
- Industry: Commercial Real Estate
- Company size: 51–200 Employees
- Used Daily for 1+ year
-
Review Source
5
Reviewed on 02/11/2018
Costar - Great Customer Support
It has been great - love that if I have a question the Costar team will answer quickly and even stop by the office to help with any issues I am having. They are great at keeping us up to date on all the latest additions to the software.
Pros
Love that you can quickly get all listings of for lease or for sale property in a city or a trade area or a polygon that you create yourself.
Cons
So many different tools in Costar, I am sure I am not utilizing the software to its fullest potential.
Rodrigo
- Industry: Telecommunications
- Company size: 5,001–10,000 Employees
- Used Daily for 1+ year
-
Review Source
5
Reviewed on 23/12/2022
Costar Cirion
it has been a good experience, we have not yet been able to integrate the automation of payments, but it is a software that has helped us in our database
Pros
it is an easy product to usethe integration was difficult, but we managed to do it
Cons
the report is complex to put the parameters... I can't request everything I want
Jeff
- Industry: Warehousing
- Company size: 201–500 Employees
- Used Weekly for 1-5 months
-
Review Source
1
Reviewed on 15/05/2018
Beware! They will renew your agreement even if you do not want it.
We really did not see a benefit, it was a waste of time to have my team chase down dead contacts and contacts that were gone. When they did reach someone they wanted nothing to do with our company and were mad at Costar too.
Pros
They do have a lot of listings, and it is easy to use. The listings that are not renewals show pictures on most of the listings.
Cons
We were using the software to target new businesses moving into our territory and I was assured that they would have contacts we could talk to about our services. Unfortunately the reality was that many contacts were outdated. Some had been gone from the company for several years or even deceased. When I sent the contacts to be researched, nothing happened and I was told we could still use the service as we now know about companies moving. I could get that information much cheaper and even free. When it comes time to cancel, they have conveniently buried an auto-renew policy in the contract, something that is not even legal in Chicago and are trying to get me to pay for a service that never worked as promised.
Ravi
- Industry: Pharmaceuticals
- Company size: 10,000+ Employees
- Used Daily for 2+ years
-
Review Source
5
Reviewed on 22/12/2022
CoStar - great application for lease management & accounting
Pros
Lease accounting and amortization schedules are fully automated which makes this tool a worthy product.
Cons
Some smart featured should be available to detect any wrong data being populated/inputted in CoStar.
Kayla
- Industry: Restaurants
- Company size: 10,000+ Employees
- Used Weekly for 2+ years
-
Review Source
5
Reviewed on 05/01/2023
Clunky software (though continually being updated/improved) that does the job for ASC842 and...
Overall a pretty pleasant experience. They are quick to respond to critical issues that may impact rent payments for example, while slower on questions that may be security or audit related. It helps us pay rent on time and after a heavy lift, comply with ASC 842 requirements. Reporting tool is also very robust and easy to use (though you should have a user familiar with the various menus help designing reports to understand the differing data sets).
Pros
Knowledge database is excellent, among best in class that I've used. ETL functionality has been helpful for mass updates, and user management is easy once you get the hang of it.
Cons
Support ticket response times can be pretty slow, especially if it's an item that requires any research. SOX compliant security reviews for SOD's can be a beast to design, but their out of the box (now referenced on SOC-1) security reports have improved (you just need to identify among the changes reported which are key).
Steve
- Industry: Telecommunications
- Company size: 10,000+ Employees
- Used Daily for 2+ years
-
Review Source
5
Reviewed on 09/01/2023
CoStar as a lease management application
Once i understood what I couldn't update/change as an admin, my experience has been very pleasant and also easy to explain to SOX auditors.
Pros
The vast majority of admin functionality is very easy to use and apply. Application support questions for admin functionality are quickly answered and resolved.
Cons
CoStar is a SaaS application and therefore limited in access regarding more advanced admin needs.
Michele
- Industry: Real Estate
- Company size: 2–10 Employees
- Used Daily for 2+ years
-
Review Source
4
Reviewed on 05/12/2019
Use it to Get your Money's Worth
Since it is so expensive you have to use it to get you money's worth. Use the data, the market report generations and leverage that in your business. If you use that, you will have a good experience.
Pros
CoStar has so many different features that it offers. It really is the one stop shop that you need when working in commercial real estate. I like how you can search CRE data, create market stats, and market your listings all in one spot.
Cons
What I like least about CoStar is the price tag. It is expensive, but the data and the support you get from it outweighs the cost.
Mayank
- Industry: Civil Engineering
- Company size: 10,000+ Employees
- Used Weekly for 2+ years
-
Review Source
5
Reviewed on 11/01/2023
Best software for lease management
Pros
Ease of use and highly customizable software
Cons
Few bugs in initial stages however support team resolved team quickly
Uma Ramalingeswara Rao
- Industry: Mechanical or Industrial Engineering
- Company size: 10,000+ Employees
- Used Weekly for 2+ years
-
Review Source
5
Reviewed on 23/12/2022
CoStar Real Estate Lease application is more Sophisticated application
Overall having good experience with this tool.
Pros
CoStar application is very user friendly application and designed with proper internal controls and overall this application is very well designed and advanced lease application. By using this application we can retrieve complicated lease accounting schedules in simpler way for US GAAP as well as respective IFRS GAAPs accounting and also this application we can use for end to end lease repository.
Cons
No major points identified so far for improvements..
tamara
- Industry: Real Estate
- Company size: 5,001–10,000 Employees
- Used Daily for 2+ years
-
Review Source
4
Reviewed on 05/01/2023
Review
Pros
Good tool to track real estate. Dates, rents, locations.
Cons
The ability to pull reports are limited to "data set" and not easy to manipulate.
Manish
- Industry: Accounting
- Company size: 10,000+ Employees
- Used Daily for 2+ years
-
Review Source
5
Reviewed on 27/12/2022
Lease accounting and management
Good
Pros
Complete solution and customization with great support system
Cons
Quite often changes to the system and training could be better accessible
Erin
- Industry: Veterinary
- Company size: 10,000+ Employees
- Used Daily for 1-5 months
-
Review Source
3
Reviewed on 22/12/2022
Meh
I don't love it.
Pros
The fact that there are subfolders within the documents to keep them more organized
Cons
Can't edit individual sections. Hate having separate buildings and then a lease, just double the work. Not user friendly. No end user support unless you're an admin. No free training.
Carly
- Industry: Real Estate
- Company size: 51–200 Employees
- Used Weekly for 2+ years
-
Review Source
4
Reviewed on 11/02/2019
Overall Great Product for anyone on real estate
Pros
This product is great for researching properties in underwriting or for real estate purposes. Gives you detailed info on past sales, property values, demographics, pricing, competitors, etc.
Cons
Sometimes question the accuracy of data even though it is supposed to be update regularly. Not necessarily the company's fault, some properties give out false information.
Adrienne
- Industry: Real Estate
- Company size: 2–10 Employees
- Used Monthly for 2+ years
-
Review Source
5
Reviewed on 20/11/2018
An Absolute Necessity!
Pros
This is a great product for anyone in the real estate industry. We are able to utilize this to make sure we are within market values, and to maintain our compliance with our leasing procedures and processes.
Cons
I do wish the pricing was a little more cost effective, but overall, it's a great product!
Verified Reviewer
- Used Monthly for 2+ years
-
Review Source
4
Reviewed on 08/02/2018
Very Useful for property management
Pros
This software is great for looking at market conditions in a specific area, reviewing competitors & gathering data for your own properties.
Cons
Can be a little difficult to navigate. I had no training with the software and I had to play around with it a little to find the information I was looking for.
Austin
- Industry: Insurance
- Company size: 51–200 Employees
- Used Daily for 1-5 months
-
Review Source
5
Reviewed on 31/03/2021
Great Product But Very Pricey
Overall, it was a great product and easy to use with lots of tools. I was disappointed that we couldn't use it anymore because of the price.
Pros
The product was very good to use, they took a lot of pride in keeping their info up to date. If I found something out of date I could put a request in and they would research for us.
Cons
The price was the biggest set back. Which is the reason we moved on to a different product that was more affordable and suited our needs just as well.
Matt
- Industry: Retail
- Company size: 10,000+ Employees
- Used Weekly for 6-12 months
-
Review Source
5
Reviewed on 02/09/2016
Best All-Around Choice for Lease Accounting and Real Estate Management
What stands out for me about the CoStar system is it's a system that's been around for a long time and it was designed to meet the needs of accounting departments. CoStar, when I compare to other systems that I've used or systems that I've seen, it has an advantage of being very intuitive.
Pros
By having a system like CoStar, where you can drive business results and meet the new accounting requirements, I think it's a much easier sell across your business. While there are plenty of choices in the marketplace, I think it's the best all-around choice.
Cons
None that I can think of.
Response from CoStar Real Estate Manager
Thanks, Matt! We've enjoyed working with you to solve the challenges of lease accounting compliance.
Replied 02/09/2016
Rachel
- Industry: Chemicals
- Company size: 11–50 Employees
- Used Monthly for 1+ year
-
Review Source
5
Reviewed on 22/04/2021
Good Product for Listing Commercial Real Estate
Great customer service and easy listing setup. We were able to finally fill our tenant space using the product
Pros
We used this product after trying to lease a commercial tenant space for over a year. It was easy to setup and use. Customer service checks in on a regular basis to make sure listings are still updated and offer suggestions for improvement.
Cons
It is not a cheap product though most listing software in the industry comes at a cost for commercial real estate.
Melissa
- Industry: Real Estate
- Company size: 2–10 Employees
- Used Weekly for 1-5 months
-
Review Source
4
Reviewed on 02/07/2018
Costar is a great tool when you know how to use it.
You do get a lot of information in one place and I like the fact that most of the times it has the true owner information and updated leasing information.
Pros
I like the fact that all the commercial data that is out there is in one place. Customer support is good and they will find contact information without issues when not already there.
Cons
I don't like the fact that it is pricey and it should be easier to use and have more tools. The report options should have more criteria to run these reports.
Rebecca
- Used Weekly for 6-12 months
-
Review Source
5
Reviewed on 12/12/2017
CoStar is very easy to use, provides great results.
Pros
I like that everything you need to know about a property or development is all laid out in one platform with different tabs - very visually appealing and easy to navigate.
Cons
I have found that information is sometimes out of date. CoStar could possibly look in to a way to stay more up-to-date.
Nichole
- Used for 6-12 months
-
Review Source
5
Reviewed on 18/01/2018
CoStar is user friendly, best choice of software!
Pros
CoStar is very easy to navigate and will help you get the results you need to make a real estate decision.
Cons
I wish the software would update more rapidly, but besides that con I cannot think of anything else.
Ram
-
Review Source
4
Reviewed on 06/04/2017
Review costar
Very easy to use and helpful when researching real estate. I've used costar for over 2 years and it has helped in reaching my goals. My industry is very competitive and it is a great tool.
Verified Reviewer
- Industry: Real Estate
- Company size: 51–200 Employees
- Used for 1-5 months
-
Review Source
4
Reviewed on 01/04/2019
Great software for real estate managers
Pros
Adequate tools to organize sales by agent
Cons
Difficult to transfer from other software
30 reviews
