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Full CoStar Real Estate Manager Property Management Software Review – All you need to know about CoStar Real Estate Manager

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Do you want a versatile solution for your property management business? Look no further with CoStar Real Estate Manager.

Property management is both physically engaging and time-consuming. Besides, property managers experience several issues emanating from the usage of traditional or redundant tools while managing their property management business.

On the other hand, property management software provides property managers or owners with real-time visibility, control and accountability over their property portfolio. Also, it eliminates time-wasting associated with the redundant property management activities.

In the digital world today, we have both cloud-hosted and on-premise property management software which can be utilized by property managers. However, cloud-hosted property management software is highly economical most especially for users with a large property portfolio.

Nevertheless, CoStar Real Estate Manager remains one of the unique cloud-hosted property management software which provides users with complete control and automation over their property management business.

What is CoStar Real Estate Manager?

CoStar Real Estate Manager is a cloud-based property management software designed specifically for retailers, property managers, corporate real estate firms, and restaurants. It is a property management platform which utilizes real estate data to generate key insights for users.

costart real estate managerIn addition, CoStar Real Estate Manager is a robust platform which incorporates property management functionalities such as portfolio management, lease accounting, portfolio planning, projects & construction, lease administration, transaction management and more. Besides, this property management software is designed to provide users with complete control over their real estate business.

With CoStar Real Estate Manager, businesses can generate financial reports, process financial obligations, track critical dates and more. Also, this property management software allows property managers to create lease agreements, adjust related taxes, modify indexed rents, manage property portfolio, manage project, etc.

In essence, CoStar Real Estate Manager is a robust solution which simplifies property management activities for users. By implementing CoStar Real Estate Manager, users can eliminate limitations regarding their property management business thereby ensuring their overall efficiency and viability.

CoStar Real Estate Manager is an ideal property management solution for users such as:

  • Corporate Real Estate
  • Retail & Restaurant
  • Service Provider

Benefits

CoStar Real Estate Manager contributes immensely to the productivity and profitability of all kinds of property management business.

Here are some of its benefits:

Ease of Use

CoStar Real Estate Manager comes with an intuitive dashboard which requires no steep learning curve in order to familiarize with its user interface. Besides, this property management software is designed for all kinds of users; therefore, users with basic computer skills can access the platform and utilize its tools and features without prior knowledge or technical assistance.

Versatility

CoStar Real Estate Manager can be deployed for usage to automate different facets of your property management business. Moreover, CoStar Real Estate Manager comes with automated tools for lease accounting, portfolio planning, projects & construction, lease administration, transaction management and more.

This eliminates the need for property managers to purchase different business solutions which can be utilized for running your property management operations.

Accounting

costart real estate managerCoStar Real Estate Manager can be implemented as an accounting tool within your business environment. Users are provided with accounting functionalities such as lease accounting and transaction management; this ensures that property managers can automate their financial management activities without the usage of external accounting solution.

Scalability

This property management software can be tailored based on your specific business needs and requirements. Besides, the flexible pricing system ensures that businesses are billed based on the current number of the property portfolio that they can handle.

Security

CoStar Real Estate Manager is a highly secure platform which implements several security protocols in order to safeguard user-entered data, access and information on the platform. For instance, this property management implements enterprise security with annual SSAE 16 SOC 1 and SOC 2 audits as well as data encryption. Furthermore, this property management software carries out regular backups of organization-based data on the platform.

Exceptional Customer Support

Unlike other property management software, CoStar Real Estate Manager offers unique after-sales support for its users. For instance, their support team can be reached via email or phone contact. Also, CoStar Real Estate Manager offers users excellent resources such as tutorials, whitepapers, video tutorials, blog, etc. Overall, CoStar Real Estate Manager dedicated support team are highly responsive to assist users who encounter both technical or non-technical issues on the platform.

Key Features of CoStar Real Estate Manager Property Management Software

Portfolio Planning

Users are provided with an efficient platform for planning their property portfolio business. Moreover, this property management software provides you with key insights based on analysis of your market, location performance, business line, etc. which enables you to make effective decisions regarding your property management business.

Portfolio Management

costart real estate managerCoStar Real Estate Manager comes with a portfolio management module which enables users to manage their huge property portfolio. With the portfolio management module, users can manage both their leased and owned properties with multi-faceted data in real-time. Therefore, property managers or owners can make effectively manage all the properties in their portfolio irrespective of their number.

Lease Accounting

CoStar Real Estate Manager incorporates lease accounting functionality which empowers users to handle their accounting activities. With the lease accounting tool, you can process rent and expense, adjust indexed rents and related taxes, calculate percentage rent obligations, generate journal entries, analyze and classify lease, run financial reports and more. In addition, CoStar Real Estate Manager can be integrated with corporate accounting systems in order to facilitate flexible accounting operations.

Lease Administration

costart real estate managerCoStar Real Estate Manager empowers property managers to manage their property management business through its provision of the lease administration module. With this functionality, users can perform administerial functions such as manage critical dates, financial obligations, security deposits, insurance requirements and more.

In addition, CoStar Real Estate Manager also allows users to control the approval workflows for their property management operations thereby ensuring that virtual operations on the platform reflect the pre-defined business standards. Also, property managers can create, view, receive, and manage notifications across the organization.

Project Management

CoStar Real Estate Manager empowers users to manage their property-related projects on the platform. With this functionality, property managers can create project budgets & schedules, open a new location, select vendors, manage bid processes, track milestones, communicate and more. This ensures that users can manage and monitor the construction of new properties in real-time on the platform. In addition, the projects module allows users to manage workflow, budgets, approvals, expense information

Transaction Management

Users are provided with a real-time overview of their transaction activities. Besides, CoStar Real Estate Manager comes with highly configurable templates and workflow forms which allows users to monitor transaction details such as project, lease, commission, tasks, milestones, and critical dates. In addition, the transaction management functionality enables collaboration between third-party service providers and internal departments.

Strategy and Analytics

CoStar Real Estate Manager comes with strategy and analytics module which computes critical real estate data from the lease, location performance indicators, property portfolio, etc. in order to generate actionable information for their property management business. For instance, the strategy and analytics module provide you with detailed information about leases, analytics, tenants as well as location images for the property locations. This ensures that property managers can make research-backed decisions regarding their property management business.

Regulatory Compliance

CoStar Real Estate Manager ensures that real estate enterprises comply with regulatory standards in the industry. For instance, this property management software incorporates mechanisms which ensure that users meet GAAP/SEC reporting needs and SOX compliant. Also, CoStar Real Estate Manager supports audit trails thereby facilitating real-time monitoring of activities which takes place across the organization.

Bid Management

CoStar Real Estate Manager allows users to collaborate with stakeholders or prospective clients in the bid process. With this module, prospective clients can ask questions, drop comments, analyze options, follow through the construction process, etc.

Management Reporting

CoStar Real Estate Manager provides users with comprehensive reporting and dashboard views based on user-entered data on the platform. Users can generate comprehensive reports in real-time for external audit purpose. Besides, property managers or executives can make informed decisions regarding their property management business based on the generated reports.

Third-party Integrations

CoStar Real Estate Manager seamlessly integrates with software solutions that enable enhanced capabilities on its platform. Some of the software solutions CoStar Real Estate Manager integrates with include PwC, RGP, Protiviti, Arrazo Solutions, BDO. With any of the software integrations, users can perform activities such as accounting, reporting, consulting, compliance, etc.

Other important features of CoStar Real Estate Manager property management software includes the following:

  • CoStar Integrated Research Data
  • Lease Abstracting, Review and Validation
  • Lease Approval Workflows
  • Legal Group Support
  • Program Management
  • Real Estate Strategy and Analytics

Pricing

costart real estate managerCoStar Real Estate Manager is an ideal property management software for all kinds of businesses irrespective of their sizes most especially large real estate firms.

Besides, CoStar Real Estate Manager offers a flexible pricing system for prospective users. Therefore, users can request for a tailored pricing quote based on their specific requirements and needs.

Nevertheless, prospective users can schedule a free, no-obligation demo of the CoStar Real Estate Manager platform before requesting a custom pricing quote.

Technical Details

Supported devices: Any web-enabled devices, Mac, Windows

Pricing model: Quote based

Supported Language: English

Customer Types: Real estate professionals, Small Business, Medium Business, Large Enterprises

Popular integrations: PwC, RGP, Protiviti, Arrazo Solutions, BDO

Deployment: Cloud-Hosted

Support Details

CoStar Real Estate Manager property management software offers users the following after-sales support:

Phone Support: +1 866 487 8324

Email Support: connect@costarmanager.com

Online Support

Blog

Video Tutorials

Social Media: Facebook, Twitter, Google Plus, LinkedIn, YouTube