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CoStar Real Estate Manager Reviews & Product Details

Rennan d.
RD
Real State Financial Analyst
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic Review from User Profile
What do you like best about CoStar Real Estate Manager?

I like how easy is to make custom reports and all options of filters to make it easier to see the information. Review collected by and hosted on G2.com.

What do you dislike about CoStar Real Estate Manager?

I was used to the old interface and I'm still having problems finding some specific options. I would like a shortcut to get directly into the expenses when I choose a lease. Review collected by and hosted on G2.com.

What problems is CoStar Real Estate Manager solving and how is that benefiting you?

It's easy to remeasure schedules and the reports are very easy to run and to understand. It's very easy and fast to make increases/changes on lines and to have an overview of the lease payments. Review collected by and hosted on G2.com.

CoStar Real Estate Manager Overview

What is CoStar Real Estate Manager?

CoStar Real Estate Manager is a comprehensive cloud-based software solution designed specifically for real estate and accounting teams. It integrates lease accounting and management applications with trusted market data and research analytics, providing users with a robust platform for managing their real estate portfolios. This platform is particularly valuable for organizations that need to comply with ASC 842 and IFRS 16 lease accounting standards, making it an essential tool for businesses that handle various types of leased assets. Targeted at real estate professionals, financial analysts, and accounting teams, CoStar Real Estate Manager addresses the complexities of lease management and financial reporting. It is suitable for organizations of all sizes, from small businesses to large enterprises, that require a reliable system for lease administration, portfolio management, and transaction oversight. The platform’s user-friendly interface and automated reporting capabilities streamline processes, allowing teams to focus on strategic decision-making rather than administrative tasks. Key features of CoStar Real Estate Manager include its comprehensive support for all types of real estate and leased assets, ensuring compliance with the latest accounting standards. The software is designed to be intuitive, with in-house implementation services and ongoing support to facilitate a smooth transition and continuous operation. Its cloud-based nature allows for low-cost deployment, enabling unlimited system users without the burden of expensive upgrades, making it a cost-effective solution for organizations looking to enhance their lease management capabilities. Security is a paramount concern for any organization, and CoStar Real Estate Manager addresses this with enterprise-level security measures, including annual SSAE 16 SOC 1 and SOC 2 audits and data encryption. This commitment to security is backed by CoStar Group, Inc., a stable public company with a proven track record in the industry. Additionally, the platform is designed to meet Sarbanes-Oxley requirements, ensuring that financial reporting controls and procedures are effective and compliant. With a 99% customer renewal rate and CPA-tested solutions, CoStar Real Estate Manager stands out as a proven choice for organizations seeking a reliable and efficient lease management system. By combining essential features with a focus on compliance and security, this platform provides significant value to users, helping them navigate the complexities of real estate management with confidence. Learn more at https://costarmanager.com/

CoStar Real Estate Manager Details
Product Website
Languages Supported
English
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Product Description

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

How do you position yourself against your competitors?

Seamless Lease Administration to Lease Accounting Workflow

Automated Disclosure and Roll Forward Reporting with Audit Notes

Functional Currency and APY Daily Rate Calculations

Automatic Journal Entry Posting to GL

Accounting Dashboard with Live Balance Sheet Impact

Accounting Schedule Export

Retrospective True-up Functionality

Custom Fiscal Calendars Including 4-4-5 and 13 Period

Unlimited Users and Security Controls by Role, Portfolio and Company Code

Superior Standard, Ad Hoc and Custom Reporting

Discount Rate Automation

Bulk Workflow Approvals

Bulk Remeasurement Functionality

Continual lease change alerts


Seller Details
Company Website
Year Founded
1999
HQ Location
Atlanta, GA
Twitter
@CoStarManager
205 Twitter followers
LinkedIn® Page
www.linkedin.com
8,684 employees on LinkedIn®
Ownership
NASDAQ:CSGP
Total Revenue (USD mm)
$1,399
Description

CoStar Group (NASDAQ: CSGP), is a leading provider of online real estate marketplaces, information, and analytics in the property markets. Founded in 1986, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Our suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. STR provides premium data benchmarking, analytics, and marketplace insights for the global hospitality industry. Ten-X provides a leading platform for conducting commercial real estate online auctions and negotiated bids. LoopNet is the most heavily trafficked commercial real estate marketplace online. Apartments.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Rentals, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties. Homesnap is an industry-leading online and mobile software platform that provides user-friendly applications to optimize residential real estate agent workflow and reinforce the agent-client relationship. Homes.com is the fastest growing online residential marketplace that connects agents, buyers, and sellers. BureauxLocaux is one of the largest specialized property portals for buying and leasing commercial real estate in France. Business Immo is France’s leading commercial real estate news service. CoStar Group’s websites attract tens of millions of unique monthly visitors. Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S., Europe, Canada, and Asia.


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Recent CoStar Real Estate Manager Reviews

Mitchell J C.
MC
Mitchell J C.Enterprise (> 1000 emp.)
4.5 out of 5
"Overall a great product for managing leases"
The system saves us time and effort in preparing our monthly lease amortization journal entries. It has robust reporting for our lease footnote and...
Verified User
U
Verified UserMid-Market (51-1000 emp.)
5.0 out of 5
"Its a easy database to manage on daily basis."
It is a very easy database to use and intuitive.
MT
Maria Eduarda T.Mid-Market (51-1000 emp.)
5.0 out of 5
"Streamlined Property Management with CoStar"
I have been using CoStar Real Estate Managera few weeks, and I already must say that it has surprised me by the way we can manage properties. I thi...
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CoStar Real Estate Manager Media

CoStar Real Estate Manager Demo - Lease Accounting Software Dashboard from CoStar
Lease Accounting Software Dashboard from CoStar
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175 out of 176 Total Reviews for CoStar Real Estate Manager

4.6 out of 5
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CoStar Real Estate Manager Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for CoStar Real Estate ManagerQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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G2 reviews are authentic and verified.
Getúlio B.
GB
Real Estate Financial Analyst II
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about CoStar Real Estate Manager?

I like how the interface is really intuitive and we can access and filter data in many easy and different ways. For example, I like how we can filter the data by monthly or one time, add a date filter, and any other necessary filters. The interface is userfriendly and it's not hard to navigate through the available information using the system everyday. Review collected by and hosted on G2.com.

What do you dislike about CoStar Real Estate Manager?

A problem that we have with costar is that you cannot delete a stream line without selecting multiple charges, editing it, and deleting the needed one. The unnaprove, unselect and unexport the charges proccess is also a little complicated to manage. It takes a long time and it is not intuitive at all. Maybe enhancing this proccess could save time for us.

The system could be better integrate as well if we could download reports of the charges available for each real estate company. Review collected by and hosted on G2.com.

What problems is CoStar Real Estate Manager solving and how is that benefiting you?

CoStar facilitate the tracking of the financial matters for each lease agreement. The way we can add all the expenses separating it for dates and being able to schedule future charges help the tracking and to have a overview of where and how this lease agreement is going to. Review collected by and hosted on G2.com.

MB
Finance Analyst II
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
(Original )Information
What do you like best about CoStar Real Estate Manager?

What I like most about Costar is that it is a very easy-to-use platform, which greatly facilitates daily work. I find it very interactive and practical. I have never had any difficulty finding what I needed, and I think everything is organized and clear, making it simple and quick. Even for those who are learning to use the system, I see that the way things are presented in Costar makes it much easier. I have had access to other systems, and by far, Costar is the most practical and has the best layout. Review collected by and hosted on G2.com.

What do you dislike about CoStar Real Estate Manager?

The only problems I’ve had with Costar in 2 years of use were the times when the system was slow, but it soon returned to normal. Other than that, I have nothing to declare. Review collected by and hosted on G2.com.

What problems is CoStar Real Estate Manager solving and how is that benefiting you?

With Costar, I can have a comprehensive view of everything that is released for the client, including dates, values, comments, and who released it. The visualization of reports downloaded from Costar is also excellent and greatly facilitates my work. Additionally, when we need to schedule something, it is also simple and quick. And with this, we can always provide the correct information to the client, and everyone in the team or even the client can access and see what we are doing, which prevents errors and misunderstandings. Review collected by and hosted on G2.com.

Shahd A.
SA
Contracts Administrator, Associate
Commercial Real Estate
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
(Original )Information
What do you like best about CoStar Real Estate Manager?

What I like best about CoStar Real Estate Manager is that it’s an all-in-one solution for contract administration. It excels in processing rent rolls, generating revenue, and lease data reports, and housing lease-relevant files in an easy-to-navigate interface. The dashboard is the most efficient I have ever seen in a real estate admin platform, and I appreciate the ability to customize it down to the smallest details. CoStar is integral to my job, which involves handling COIs in addition to contract administration tasks, and it’s excellent at tracking insurance compliance. Review collected by and hosted on G2.com.

What do you dislike about CoStar Real Estate Manager?

Some features could use a little bit of updating, but for the most part its just small things. For example, my company focuses on aviation real estate, and we use CoStar to maintain aircraft information, and there are plenty of aicraft models created after 2015 that do not exist as an option. There is no way for me or my team to update this - CoStar has to do it. Additionally, the user interface could use an update. I wish changes automatically applied as they were made. There have been multiple occasions where I fully complete a lease abstract and hit save, just to find out I've been logged out and none of the information I added was saved. I also wish that there was a seperate page specifically for insurance. It is a pain and very time consuming to have to go into each lease manually to update only the insurance information. Review collected by and hosted on G2.com.

What problems is CoStar Real Estate Manager solving and how is that benefiting you?

CoStar addresses several key problems in our real estate management, providing significant benefits:

Centralized Contract Administration: It offers an all-in-one solution for managing contracts, which streamlines the process of handling lease agreements, amendments, and related documents. This centralization ensures that all lease-relevant files are easily accessible and well-organized, reducing administrative overhead and improving efficiency.

Efficient Rent Roll Processing: The platform simplifies the processing of rent rolls, making it easier to track and manage rental income. This helps in maintaining accurate financial records and ensures timely rent collection, which is crucial for our revenue management.

Comprehensive Reporting: CoStar generates detailed revenue and lease data reports, providing valuable insights into financial performance and lease status. These reports aid in making informed decisions and identifying opportunities for cost savings or revenue enhancement.

Customizable Dashboard: The highly efficient and customizable dashboard allows users within my company to tailor their interface to their specific needs. This personalization enhances user experience and productivity by enabling quick access to the most relevant information and tools. Especially because we have many hands on deck with access to the platform, from General Managers at the bases, to my team (Contracts Administration at our HQ).

Insurance Compliance Tracking: The platform is excellent at keeping track of insurance compliance, ensuring that all necessary certificates of insurance (COIs) are up-to-date and easily accessible. This reduces the risk of non-compliance and potential legal issues.

Overall, CoStar enhances operational efficiency, improves financial management, and ensures compliance, making it an invaluable tool for real estate administrators. Review collected by and hosted on G2.com.

Maria Eduarda S.
MS
Financial Analyst
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
(Original )Information
Business partner of the seller or seller's competitor, not included in G2 scores.
What do you like best about CoStar Real Estate Manager?

The most helpful things in CoStar is: The automatic calculation for Sales Tax. Once all the data is correctly set, sales tax are calculated excluding the human mistake in the account. It is really simple to set the data, which don't take much of my time and gives me back a lot of time by not having to calculate everytime a charge in the lease is updated. Review collected by and hosted on G2.com.

What do you dislike about CoStar Real Estate Manager?

What I dislike about CoStar, that makes the use of it very difficult is the amount of dates the plataform is really slow and takes a lot of time to do simple consultation. Review collected by and hosted on G2.com.

What problems is CoStar Real Estate Manager solving and how is that benefiting you?

CoStar is solving the problem of sales tax calculation, which benefits me a lot by reducing my time of calculation. CoStar is also solving my memory problem with the feature of reminder for important things and dates. CoStar is also solving a lot of problems with all the filters we can set to export a report. Review collected by and hosted on G2.com.

LR
Lease Admin Analyst II
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
(Original )Information
What do you like best about CoStar Real Estate Manager?

CoStar is a good tool to work with since it's easy to implement when you have a portfolio of large accounts. Just like some of the data that has a lot of leases, we can use it on a daily basis knowing that the data that we input will be easy for the next person to work with if they're not familiar with the system. Review collected by and hosted on G2.com.

What do you dislike about CoStar Real Estate Manager?

I don't think that the early versions of CoStar that I use on some of my work accounts are good. The change in data for contacts could be better compared to the new versions. Review collected by and hosted on G2.com.

What problems is CoStar Real Estate Manager solving and how is that benefiting you?

It's easy to work with a large portfolio of a big account and simple to link leases and buildings with each other. Review collected by and hosted on G2.com.

Mitchell J C.
MC
Senior Accountant of Financial Reporting
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
(Original )Information
What do you like best about CoStar Real Estate Manager?

The system saves us time and effort in preparing our monthly lease amortization journal entries. It has robust reporting for our lease footnote and it is easy to produce the reports according to the parameters I want. The knowledge base articles are extremely helpful. Review collected by and hosted on G2.com.

What do you dislike about CoStar Real Estate Manager?

The interface can take time to learn and is not super intuitive. The implementation process was challenging in the sense that our main contact was not an accountant so it seemed there was a disconnect between what we were asking and the answers we received. Review collected by and hosted on G2.com.

What problems is CoStar Real Estate Manager solving and how is that benefiting you?

It has simplified our accounting process monthly and at quarter end. The journal entries provided are useful, and the reports contain all of the necessary information we need. Review collected by and hosted on G2.com.

Verified User in Consumer Services
UC
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
(Original )Information
What do you like best about CoStar Real Estate Manager?

It is great that we can automatically add a sales tax for specific percentage without having to update every single lease for the tax change. I work in a big account and have several sites that require tax update.

Costar also has several fields we can adjust to make things easier and have the support to implement features needed in our daily use. Sush as filters for the financial tab, we can filter monthly, one-time charges, filter by expense type.

And it is easy to create a new report for every filed you need data from.

My account passed through a system integration from a previous one, and all the data was easilly implemented into costar fields we paid for. Review collected by and hosted on G2.com.

What do you dislike about CoStar Real Estate Manager?

I would like to review the expense section per month, we do have the calendar view, however, if there is a one time thing expense there it gets in the way since it sums up to the same expense type if we have another one set as monthly.

Since I use the system regularly I would like to see this change so it can help my analysis. Review collected by and hosted on G2.com.

What problems is CoStar Real Estate Manager solving and how is that benefiting you?

It helps with the billing to subtenants and with the payment to landlords Review collected by and hosted on G2.com.

GP
Financial analyst
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
(Original )Information
What do you like best about CoStar Real Estate Manager?

Easy to pull up the reports and process the charges, and the quick add button helps a lot to save time and make faster inputs. I also like a lot the Stop/Change payments function with the option to create a One-Time Catch-up payment Review collected by and hosted on G2.com.

What do you dislike about CoStar Real Estate Manager?

When you copy a charge by mistake and click on cancel the charge is saved and this can generate errors, I think this could be changed because even showing us a warning about it is easy to forget. Review collected by and hosted on G2.com.

What problems is CoStar Real Estate Manager solving and how is that benefiting you?

easy to see the payment charges on the AP process and pull payment reports. It helps to save a lot of time with the customized reports functionEasy Review collected by and hosted on G2.com.

MT
Finance Analyst
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
(Original )Information
What do you like best about CoStar Real Estate Manager?

I have been using CoStar Real Estate Managera few weeks, and I already must say that it has surprised me by the way we can manage properties. I think that it's super user-friendly, which makes it easier to analyze data. There's a feature that I like the most which is the KPi dashboards, that facilitates the process of analyze important data and make decisions. Review collected by and hosted on G2.com.

What do you dislike about CoStar Real Estate Manager?

On the other way, I find the reporting features a bit hard to customize. Review collected by and hosted on G2.com.

What problems is CoStar Real Estate Manager solving and how is that benefiting you?

CoStar is helping us with the problem of property management, providing a great platform for tracking and analyzing data. Review collected by and hosted on G2.com.

YG
Finance Analyst Plain
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about CoStar Real Estate Manager?

The most helpful about CoStar is the way we can personalize the reports.

The upsides are the following:

Use the deadline calculator,

Update vendors or delete streams by group "saving time",

The dashboards in the home page are awesome for quick overviews,

It's easy to learn about the system spcifications,

I consider that is simple to find the links to ask for any kind of support. Review collected by and hosted on G2.com.

What do you dislike about CoStar Real Estate Manager?

The least helpful about CoStar is the absence of an alert message for streams and records expiring soon.

The downsides are teh following:

Log notes are usually used for important matters but it is the last topic in the scrow page, causing a low frenquecy of use,

Due to the elevate number of tools and fields in the system, it takes a reseonable time to implement and integrate the database into new account. Review collected by and hosted on G2.com.

What problems is CoStar Real Estate Manager solving and how is that benefiting you?

The needs of transparency. It is helpful to charge Tenants and bill Landlords with accuracy, since the system shows everything descritionated for the user. Review collected by and hosted on G2.com.