CoStar Real Estate Manager vs. MRI Residential Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
CoStar Real Estate Manager
Score 6.7 out of 10
N/A
CoStar offers a platform for real estate management needs.N/A
MRI Residential Management
Score 7.6 out of 10
N/A
MRI Software offers residential management for the multifamily real estate marketing. Capabilities include leasing workflow, prospect management, resident management, billing, facility maintenance, and performance management. The company was founded in 1971 and offers several residential and commercial property and investment management solutions.N/A
Pricing
CoStar Real Estate ManagerMRI Residential Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
CoStar Real Estate ManagerMRI Residential Management
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
CoStar Real Estate ManagerMRI Residential Management
Top Pros
Top Cons
Best Alternatives
CoStar Real Estate ManagerMRI Residential Management
Small Businesses
Dotloop
Dotloop
Score 9.4 out of 10
Dotloop
Dotloop
Score 9.4 out of 10
Medium-sized Companies
Condo Control
Condo Control
Score 9.0 out of 10
Condo Control
Condo Control
Score 9.0 out of 10
Enterprises
Accruent Lucernex
Accruent Lucernex
Score 7.9 out of 10
Accruent Lucernex
Accruent Lucernex
Score 7.9 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
CoStar Real Estate ManagerMRI Residential Management
Likelihood to Recommend
1.0
(2 ratings)
5.0
(2 ratings)
Support Rating
-
(0 ratings)
1.0
(1 ratings)
User Testimonials
CoStar Real Estate ManagerMRI Residential Management
Likelihood to Recommend
CoStar Group
Gen-Y and younger will have no problem learning how to use CoStar but its not very intuitive for the older generations (they have to hunt and peck for what they are looking for and have no idea how to manipulate the reporting features)
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MRI Software
Well suited scenario - MRI Residential is obviously good for residential real estate. It doesn't make sense to just plug in industrial, hotel or commercial real estate management as those are different types of products. Those who have access to the cloud can easily download information off site to do an analysis. Less appropriate - Information may need to be scrubbed. For instance, there could be operating statements that are inputted incorrectly because items are miscoded.
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Pros
CoStar Group
  • Nothing
  • Charging my card
  • Nothing
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MRI Software
  • Reporting
  • Tracking Data
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Cons
CoStar Group
  • In our market (Portland, OR), not enough users implement the tools that could make CoStar so much better. For example, I specialize in medical but brokers and owners don't take the time to mark medical as an approved use in their buildings so I have to search much longer and cross-reference the data by contacting the brokers directly.
  • I find it really annoying that when I download documents CoStar doesn't use smart technology to automatically name my files. It is especially irritating since every piece of marketing we post to CoStar has a relevant file name yet when we download the same file we have to rename it.
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MRI Software
  • Sometimes the data that is outputted is not consistent (back end of the database is constantly being updated), have to follow up with our client relationship manager
  • Sometimes very rigid
  • Incremental cost to add on information (if we want MRI to host certain documents in the cloud)
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Support Rating
CoStar Group
No answers on this topic
MRI Software
They have a terrible help center and the training tools and videos are useless and not helpful. They need to invest in better training tools and modules for people to refer to. Especially when there is no designated training person within a company to teach newcomers how to use it.
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Alternatives Considered
CoStar Group
There is literally not one good thing that I can say about CoStar. They charge my card $450/month because I signed a one-year contract. They provide very little data and properties and most of the time it is inaccurate. Their customer service is atrocious. They overpromise, underdeliver. STAY away from using Costar!
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MRI Software
We had a proprietary access database, but wanted to utilize MRI because of support (annual fee is in the tens of thousands versus a hundred thousand plus build out). The user interface is pretty straight forward, and there is available training as well. Updates are done online via the SAAS website so we don't have to worry about any coding issues here in house.
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Return on Investment
CoStar Group
  • Since CoStar has linked with LoopNet we have had fewer bad data calls. By which I mean old data from LoopNet that was available to the general public is now more regularly updated through CoStar so we have less confusion with our clients.
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MRI Software
  • Helps track income
  • Helps with on-time billing
  • Keeps us on budget with projects
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ScreenShots