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ARGUS Intelligence vs. MRI Residential Management

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    ARGUS Intelligence

    Score8 out of 10
    N/AARGUS Intelligence by Altus Group is a software solutions used to value and manage the performance of real estate assets, and use in-depth insights into the real estate portfolio to make decisions, with out-of-the-box reporting to suit investors' needs.N/A

    MRI Residential Management

    Score8 out of 10
    N/AMRI 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
    ARGUS IntelligenceMRI Residential Management
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    ARGUS IntelligenceMRI 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
    Best Alternatives
    ARGUS IntelligenceMRI Residential Management
    Small Businesses
    No answers on this topic
    Condo Control
    Score9 out of 10
    Medium-sized Companies
    No answers on this topic
    Condo Control
    Score9 out of 10
    Enterprises
    No answers on this topic
    No answers on this topic
    All AlternativesView all alternativesView all alternatives
    User Ratings
    ARGUS IntelligenceMRI Residential Management
    Likelihood to Recommend
    8.0
    (2 ratings)
    5.0
    (2 ratings)
    Usability
    8.0
    (2 ratings)
    -
    (0 ratings)
    Support Rating
    9.0
    (1 ratings)
    1.0
    (1 ratings)
    User Testimonials
    ARGUS IntelligenceMRI Residential Management
    Likelihood to Recommend
    Altus Group
    [Argus is] the best property valuation tool on the market but you also can't really do any advanced property valuations without Argus. It's an industry standard and while there are competitors, they do not approach the same feature set or institutional usage the Argus has.
    Incentivized
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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
    Altus Group
    • Valuation tools are advanced and complete
    • we can share among multiple employees
    • it has many options to model out our leases correctly
    Incentivized
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    MRI Software
    • Reporting
    • Tracking Data
    Incentivized
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    Cons
    Altus Group
    • Price
    • Only game in town
    Incentivized
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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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    Usability
    Altus Group
    Argus is a very good real estate valuation tool. By being able to run different scenarios at different capital rates we can discuss and decide for each pf our investments the best way to proceed to maximize our lease investments. Argus is a robust tool that can handle a high volume of investments and options.
    Incentivized
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    MRI Software
    No answers on this topic
    Support Rating
    Altus Group
    Support is pretty good. The techs are pretty knowledgeable about the product and confident. You don't feel like they are just going through the knowledgebase and they are easy to understand. I have also never been stuck on hold for a long period of time to speak to someone.
    Incentivized
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    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.
    Incentivized
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    Alternatives Considered
    Altus Group
    No answers on this topic
    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
    Altus Group
    • Our investments are better managed and maximizes our return on investment
    • Our analysts can discuss as a group in one location
    • initial investment in Argus takes time to recoup.
    Incentivized
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    MRI Software
    • Helps track income
    • Helps with on-time billing
    • Keeps us on budget with projects
    Incentivized
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