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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Covercy

    Score9.9 out of 10
    N/ACovercy is a Banking-Embedded Investment Management Platform built for commercial real estate investment firms. It offers automated distribution & capital call payment processing, an Investor Portal, and APY yielding checking accounts.

    $348

    per month

    RealPage Investment Management

    Score9.9 out of 10
    N/AThe RealPage Investment Management supplies tools manage a portfolio of real estate assets, including financing and investment accounting, rich reporting features, and sharing for investors and partners.N/A
    Pricing
    CovercyRealPage Investment Management
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    CovercyRealPage Investment Management
    Free Trial
    YesNo
    Free/Freemium Version
    YesNo
    Premium Consulting/Integration Services
    NoNo
    Entry-level Setup FeeNo setup feeNo setup fee
    Additional Details
    More Pricing Information
    Community Pulse
    CovercyRealPage Investment Management
    Considered Both Products
    Covercy
    Chose Covercy
    Covercy is most competitive in price when evaluated against companies like InvestNext.
    Incentivized
    RealPage
    No answer on this topic
    Key User Insights
    Would buy again
    100%
    Would buy again
    25 Answers
    No answers on this topic
    Delivers good value for the price
    100%
    Delivers good value for the price
    23 Answers
    No answers on this topic
    Happy with the feature set
    100%
    Happy with the feature set
    25 Answers
    No answers on this topic
    Lived up to sales and marketing promises
    100%
    Lived up to sales and marketing promises
    19 Answers
    No answers on this topic
    Implementation went as expected
    91%
    Implementation went as expected
    20 Answers
    No answers on this topic
    Best Alternatives
    CovercyRealPage Investment 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
    CovercyRealPage Investment Management
    Likelihood to Recommend
    9.0
    (14 ratings)
    6.0
    (1 ratings)
    Availability
    9.4
    (11 ratings)
    -
    (0 ratings)
    User Testimonials
    CovercyRealPage Investment Management
    Likelihood to Recommend
    Covercy
    Your customer service is the best part about Covercy. I love having a contact person that is responsive and helpful. Even if Covercy doesn't have a feature that we would like or need, we are always given workarounds or suggestions on alternative solutions. Our suggestions for portal improvements are always considered and being worked on by the development team. Covercy is working on improving the customer and investor experience
    Incentivized
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    RealPage
    When it comes to collecting data for analysis RealPage does an excellent job thoroughly collecting everything we may need from the moment when a person is applying up until a lease is signed.
    Incentivized
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    Pros
    Covercy
    • $3 Million in FDIC Insurance Account protection is unsurpassed and highly attractive to our project managers and investors.
    • The Onboarding of over 100 investors was simple and efficient using a spreadsheet import.
    • The Technical Staff was very helpful and supportive during our startup phase and handled project startup delays beautifully.
    • Covercy was able to handle member payouts that involved compilcated and varied bonus structures and 15 different income generating assets with varied investor contributors and we had great support in figuring out how to handle the profit distributions.
    • The Covercy Account Managers were highly professional and a pleasure to work with.
    Incentivized
    Read full review
    RealPage
    • E-signature collection
    • Data syndication
    • Report exports
    Incentivized
    Read full review
    Cons
    Covercy
    • We need our investors to log in and see what offerings they are invested in.
    • There is no way to add documents/photos in an organized manner.
    • As a debt fund, we want to be able to showcase our offerings to our LP Portals.
    Incentivized
    Read full review
    RealPage
    • Crashing: must be solved much quicker
    • Lease document updates
    Incentivized
    Read full review
    Reliability and Availability
    Covercy
    Our experience has been excellent so far. The only hiccup that we have had happen was when we were testing our signed document and signature process and the document wasn't initially sending. We figured out why it wasn't sending and were able to correct that issue in a very timely manner.
    Incentivized
    Read full review
    RealPage
    No answers on this topic
    Alternatives Considered
    Covercy
    I believe that Covercy is the only solution that is currently allowing Real Estate firms to distribute funds to their investors directly through the platform. Also, both other solutions are pretty expensive compared to the reasonable pricing that Covercy has in place (function of a number of properties rather than AuM or other methods).
    Incentivized
    Read full review
    RealPage
    Adding a rider to a lease on one property or several properties can be a headache and support is not very responsive. You can always use the customizable rider option, but on many occasions that portion is needed for something else and it shouldn't be used instead of a rider which should be permanent. This is extremely frustrating when leases have to be made in a timely matter; however, this is a support issue rather than a software issue. A mobile app would be amazinggggg and/or a more user-friendly mobile web experience.
    Incentivized
    Read full review
    Return on Investment
    Covercy
    • The ROI I can provide is for time management. It saves us at least 2 days' worth of work each quarter on capital distributions alone, and at least 30 minutes on each report distribution. Not to mention the amount of time it saves us on fielding client questions regarding their capital because they can just log in and see everything on their portal.
    Incentivized
    Read full review
    RealPage
    • Time effective
    • User-friendly
    • We've become quite dependent on it, when something goes wrong, there's panic.
    Incentivized
    Read full review
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