ResMan vs ARGUS Enterprise

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Our analysts compared ResMan vs ARGUS Enterprise based on data from our 400+ point analysis of Property Management Software, user reviews and our own crowdsourced data from our free software selection platform.

ARGUS Enterprise Software Tool

Product Basics

ResMan is a comprehensive property management software designed to streamline operations for property managers and owners. It's particularly well-suited for those managing multifamily residential properties, offering a suite of tools that cover leasing, accounting, maintenance, and compliance. One of the key benefits of ResMan is its ability to provide a centralized platform for managing all aspects of property management, enhancing efficiency and reducing the need for multiple software solutions. Users appreciate features such as automated rent collection, tenant screening, and customizable reporting, which significantly ease the day-to-day tasks of property management.

When compared to similar products, ResMan stands out for its user-friendly interface and robust customer support. Pricing considerations for ResMan typically involve a monthly subscription fee, which may vary based on the number of units managed, making it scalable for both small and large property management companies. This flexibility in pricing, combined with its comprehensive feature set, makes ResMan a competitive option in the property management software market.

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ARGUS Enterprise is a software solution designed to assist property managers in efficiently managing their properties. It caters to a wide range of tasks, including rent collection, maintenance scheduling, and tenant communication. The software is particularly well-suited for property managers who require a comprehensive solution to streamline their property management operations.

ARGUS Enterprise offers several key benefits, such as time and cost savings, ease of use, and scalability. Its high degree of customizability allows property managers to tailor the software to their specific needs. Some of its popular features include portfolio management, cash flow analysis, budgeting, lease management, and property management functionalities.

Pricing for ARGUS Enterprise is typically based on a per-unit basis, with additional fees for optional features. Payment is usually made on a monthly or annual basis. Compared to similar products, ARGUS Enterprise is often praised for its comprehensive features and customizability, although some users may find its pricing to be on the higher end of the spectrum.

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Product Insights

  • Streamline Management: Market, manage and grow mixed portfolios using a single platform. 
  • Better Visibility: Offers end-to-end visibility and easy trackability of entire customer journeys from leads to leases and renewals. 
  • Improve Resident Experience: Attract prospects with appealing websites, communicate via bi-directional text messages, and allow residents to sign leases and pay rent digitally from any remote location. 
  • Save Time on Accounting: Automatically record transactions, track receivables and balance account payables. Offers property management-specific features like GPR processing, intercompany transactions, utility billing and more. 
  • Easy Reporting: Generate reports with a few clicks and export them in Excel or PDF format. Provides report templates, including ASC 842, audits, profitability, online engagement and more. 
  • Simplify Property Maintenance: Get real-time inventory visibility and use drag-and-drop tools to design maintenance task flows. 
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  • Enhanced Decision Making: ARGUS Enterprise equips real estate professionals with comprehensive analytics and forecasting tools, enabling more informed investment and development decisions.
  • Risk Mitigation: By providing detailed scenario analysis and stress testing, the software helps identify potential risks before they become problematic, safeguarding investments.
  • Streamlined Workflow: Automates and centralizes data management tasks, reducing manual errors and saving time on property and portfolio management.
  • Improved Collaboration: Facilitates better teamwork by allowing multiple users to access and work on the same project simultaneously, ensuring consistency and efficiency.
  • Comprehensive Reporting: Generates detailed reports on property performance, financial projections, and market analysis, making it easier to present data to stakeholders and make strategic decisions.
  • Market Insights: Offers access to critical market data and trends, helping users stay ahead of the curve and make proactive adjustments to their strategies.
  • Regulatory Compliance: Helps ensure compliance with various financial and real estate regulations, reducing the risk of legal issues and penalties.
  • Scalability: Adapts to the needs of any size portfolio, from a single property to a global portfolio, ensuring the software grows with your business.
  • Increased Transparency: Provides a clear overview of property and portfolio metrics, enhancing transparency with investors and stakeholders.
  • Asset Optimization: Identifies opportunities for value enhancement and operational improvements across portfolios, maximizing returns on investment.
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  • Marketing: Attract renters, boost online engagement and build brand equity with these tools: 
    • ResMan CRM: Use AI chatbots, automated email responses, contextual templates and click-to-dial phone options to communicate with prospects. 
    • Interactive Websites: Build an ADA-compliant custom website to attract and retain renters, manage brands and provide virtual property tours. 
    • Virtual Tours: Showcase availability, locations, balcony views and more. Virtually navigate visitors across buildings and floors. Create digital tours based on 2D or 3D floor plans, with integrations for MatterPort and Razz. 
  • Leasing: Streamline leasing activities by offering an easy application process. Leverage an integration with BlueMoon: use legal leases and pre-built forms, available with the Pro plan, or create custom lease forms with personalized clauses and obligations, available with the Pro-Flex plan. 
  • Lead Management: Access a 360-degree view of leads and applications, send branded emails and bi-directional text messages in bulk, and monitor leasing team activities through a real-time log of all lead pursuits. 
  • Resident Screening: Screen prospects by evaluating proprietary, eviction and criminal records, and addressing history, identity fraud and credit score using a statistically validated scoring model. Save time and automate fee collection using built-in screening tools. 
  • Payment: Receive, process and reconcile payments for applications, leases, rent and amenities through a unified platform, compliant with PCI level I, SSAE 18, SSL, NACHA and credit card rules and regulations. Maintain a single record system for timely and accurate reporting. 
  • Resident Portal: Renters can submit and track work order requests, make online payments, store important documents, receive package notifications and grant entry permission for external guests from a single portal. 
  • Communication: Ensure timely communication of important information and updates via text messages. Compose messages and broadcast them to multiple contacts for notifications of service outages or social events. 
  • Property Maintenance: Track and manage work orders, monitor inventory lists and streamline on-site workflows from a unified dashboard. 
  • Accounting: Allocate expenses across the entire portfolio for keeping both a general ledger journal and accounts payable bill entries. Save time and maintain a proper audit trail by automating accounts receivable processes. Gain unique insights into the business with personalized Gross Potential Rent estimations and parameters. 
  • Reporting: Generate property or portfolio level reports to acquire specific insights about stakeholders, managers and investors. Gain actionable insights and drill down to discover opportunities using unique reports. 
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  • Cash Flow Analysis: Enables intricate cash flow forecasts by modeling changes in expenses, revenues, and capital expenditures on a lease-by-lease basis.
  • Valuation Methods: Facilitates the application of multiple valuation methods, including Discounted Cash Flow (DCF), Trad Val, and other global techniques.
  • Portfolio Management: Provides portfolio level dashboards offering insights and a comprehensive view of risks and returns.
  • Reporting: Offers flexible reporting features with customizable parameters, timing, and detail levels, along with various report templates and multi-currency rates.
  • Budgeting and Forecasting: Supports the creation of accurate budgets, diverse Charts of Accounts (COAs), and the ability to handle different forecasts and import historical management data.
  • Asset Management: Allows users to manage financial transactions, reports, fees, leases, tenants, and rents across their entire portfolio.
  • Data Import: Streamlines workflows with features like importing property data from Coastal Vector List (CVL) files.
  • Customization: Provides tools for customizing role-based views, drilling down and directly editing inputs, and performing quick views on tenant categories.
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Product Ranking

#36

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Property Management Software

#73

among all
Property Management Software

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Analyst Rating Summary

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Analyst Ratings for Functional Requirements Customize This Data Customize This Data

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Accounting & Financial Management Business Operations Dashboards And Reporting Leasing Maintenance Marketing Platform Capabilities 73 62 86 59 75 98 82 0 25 50 75 100
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User Sentiment Summary

Excellent User Sentiment 446 reviews
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91%
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ResMan has a 'excellent' User Satisfaction Rating of 91% when considering 446 user reviews from 3 recognized software review sites.

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Awards

SelectHub research analysts have evaluated ResMan and concluded it earns best-in-class honors for Marketing. ResMan stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

User Favorite Award
Marketing Award

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Synopsis of User Ratings and Reviews

Streamlined Accounting: ResMan appears to offer robust accounting features that simplify financial management for property managers. Users frequently mention appreciating the automation of tasks like rent collection and late fee calculations, which can save time and reduce errors.
Efficient Maintenance Management: The platform seems to provide tools for handling maintenance requests effectively. Users often highlight the ability to track work orders, assign tasks to vendors, and communicate with tenants throughout the process, leading to improved responsiveness and tenant satisfaction.
Comprehensive Reporting: ResMan likely includes a variety of reporting options that give property managers insights into their operations. Users commonly note the value of reports that track key metrics such as occupancy rates, rental income, and expenses, enabling data-driven decision-making.
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Streamlined Tenant Application Process: ARGUS automates the tenant application process, including credit and background checks, which saves time and reduces the risk of errors.
Efficient Rent Collection: The platform offers online rent payment options, making it convenient for tenants and ensuring timely rent collection for property managers.
Comprehensive Financial Reporting: ARGUS provides detailed financial reports, including income and expense statements, balance sheets, and cash flow statements, which help property managers track their financial performance and make informed decisions.
Improved Communication: The platform facilitates communication between property managers and tenants through a centralized portal, which helps to resolve issues quickly and efficiently.
Enhanced Maintenance Management: ARGUS streamlines the maintenance process by allowing tenants to submit maintenance requests online and tracking the progress of repairs.
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Learning Curve: The software can be challenging to learn due to its extensive features and complex interface, potentially requiring significant time investment from property management teams.
Customer Support: Users have reported difficulties reaching customer support and experiencing extended wait times for assistance, which can be frustrating when urgent issues arise.
Customization Limitations: While ResMan offers some customization options, users may find limitations in tailoring the software to their specific workflows or unique property management requirements.
Integrations: Integrating ResMan with other software systems used by property management companies can be complex and may require additional technical expertise or custom development.
Pricing Structure: The pricing structure, particularly for larger property portfolios or those requiring advanced features, can be perceived as expensive compared to alternative solutions in the market.
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Limited Functionality: Some users find that ARGUS Enterprise lacks certain features commonly found in other property management software, such as online rent payments or tenant portals. The software's primary focus is on financial modeling and valuation, which may leave property managers wanting more in terms of day-to-day operational tools.
Steep Learning Curve: Due to its complex interface and advanced features, ARGUS Enterprise can be challenging to learn and master, especially for users without a background in finance or real estate investment analysis. This can lead to a longer onboarding process and potentially higher training costs for property management teams.
Cost: ARGUS Enterprise is a premium software solution with a correspondingly high price tag. Smaller property management companies or those with tighter budgets may find the cost prohibitive, especially when considering the additional expenses associated with training and implementation.
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ResMan receives consistent praise for its comprehensive suite of features, encompassing accounting, marketing, leasing, and resident management functionalities. Users particularly appreciate the software's ability to streamline rent collection, maintenance requests, and communication with residents, leading to increased efficiency and a more organized workflow. The user-friendly interface and intuitive design make it easy for both novice and experienced property managers to navigate the platform effectively. However, some users note that the extensive features can have a steeper learning curve, requiring dedicated time and effort to fully master the system. Additionally, while ResMan offers robust reporting capabilities, some users express a desire for more customizable reporting options to tailor data analysis to their specific needs. In comparison to competitors like Yardi and AppFolio, ResMan stands out for its affordability and scalability, making it a suitable choice for property management companies of all sizes. The software's pricing structure is often perceived as more transparent and predictable, allowing businesses to effectively manage their budgets. Moreover, ResMan's open API facilitates seamless integration with other essential business tools, further enhancing its versatility and adaptability to diverse workflows. Considering these factors, ResMan emerges as an excellent option for property management companies seeking a comprehensive, user-friendly, and cost-effective solution to optimize their operations and elevate resident satisfaction. r-select: auto;">

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ARGUS Enterprise seems to be a bit of a mixed bag according to user reviews from the past year. While it's praised for its comprehensive functionality, covering everything from property management and accounting to budgeting and valuations, users often find the interface clunky and outdated. This can make navigation and simple tasks more time-consuming than they should be. The learning curve is also quite steep, requiring significant training and support, especially for those new to property management software. On the plus side, ARGUS Enterprise shines with its powerful reporting and analytics capabilities, allowing users to generate detailed insights into property performance and make data-driven decisions. Its integration with other software systems is another strength, streamlining workflows and data sharing. However, some users mention that the integration process can be complex and may require additional IT support. Compared to competitors like Yardi Voyager and RealPage, ARGUS Enterprise is often seen as more feature-rich but less user-friendly. Ultimately, ARGUS Enterprise appears best suited for larger property management companies with dedicated IT resources and a need for advanced reporting and analytics. Smaller firms or those seeking a more intuitive user experience might find other options a better fit.

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