ARGUS Enterprise Reviews

“Industry norm, but monopolistic risks

Pros

Having relied on Argus for years, both in my role and across the real estate industry, I consider it indispensable. Argus is essential for underwriting and modeling real estate investments, with its results often exported to Excel for further analysis and manipulation. The software is robust and generally user-intuitive, although it takes significant time and extensive usage to truly become proficient. It can be frustrating when SaaS updates bring changes that impact functionality and features.

Cons

Switching to SaaS from "owned" software and the lack of support for legacy DCF have been some downsides. Also the software is quite expensive, which can be a challenge for small businesses or individuals.

“Effective solution for real estate

Pros

As an administrator of Argus, I can attest that it serves as a valuable tool for real estate management.

Cons

I don't have much to complain about, the software has a lot of data. It just takes me some time to get used to the navigation tools.

“Efficient budgeting and valuations with AE

Pros

The software includes a broad set of features that help with managing cash flow, preparing budgets, and gaining a clear understanding of property valuations. Although some areas can be somewhat difficult to use and might require alternative solutions, it is overall highly beneficial and stands out for its strong reporting features.

Cons

I find certain aspects of the user interface to be complex and inflexible. For instance, the default setting to copy down and across, rather than inputting a single value for expense entry, often leads to errors. Additionally, using percentage rent can be challenging since it divides the breakpoint by 12 and applies it to monthly sales, instead of building up to a breakpoint based on the lease year. These are just a couple of instances where the software could be more intuitive and user-friendly.

“Top choice for underwriting

Pros

In our line of work, we utilize this product to generate rent rolls and cash flows for commercial properties, which we then present to potential lenders. It proves user-friendly, providing excellent support whenever assistance is required, and fulfills all our requirements.

Cons

It's important to remember to save the file regularly while working, as there is a risk of losing everything in the event of a glitch or accidentally closing out without saving. It would be beneficial to have an undo button without having to revert to the last saved version.

“Does the job, but could be improved

Pros

I use it to keep track of the properties we are financing in an efficient way.

Cons

One inconvenience I've encountered is that properties do not sync with the software. This means that when I log in from another computer, the work I've done isn't automatically available. Instead, I have to upload it from a file, which is time-consuming and feels unnecessary when using the same login.