Which do you recommend, Costar or Reonomy and costar advice
 Hi,

Different programs have been discussed but I've never seen a head to head comparison between costar and reonomy. Which do you prefer and why?

Additionally whats the best way to learn the programs to get the most out of them? I heard costar used to send people down to your office to train you but stopped due to covid.

TIA
[{"id": "hxewapd", "text": "what are you trying to do?", "replies": [{"id": "hxhn3yd", "text": "Primarily understand the markets and get contact info.", "replies": [{"id": "hxv0wle", "text": "What markets? Leasing market? Sales? Debt? Which product type?", "replies": [{"id": "hxvsvw3", "text": "Large multifamily", "replies": [{"id": "hxvwp59", "text": "You may want to check out yardi then.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hxez0zg", "text": "The intent of what you need out of the tool will help us sharpen or strengthen it for you.\n\nThat said, I have no idea what reonomy is, but costar sucks.\n\nYWIA", "replies": [], "depth": 1}, {"id": "hxfptc0", "text": "We have both Costar and Reonomy subscriptions we use primarily for multifamily and some self storage. While I dislike the monopoly Costar has it undoubtedly has more information regarding sales comps, more properties, and better information regarding rents and market trends. It is also way more expensive. Our rate is lower since we use it through our ownership and management company but we still pay about $1500 per month for about half of our state (I think its a 2 year contract but we have had it for a while so could be wrong). This would be much more expensive if you were buying through a brokerage. It is next to impossible for anyone other than yourself to use the service. So you cant give your login to an assistant and you plan on using it as well or they will find out and make you pay for an additional account (this happened to us, although the additional account was only $500 per month).\n\nReonomy has a a good amount of properties and owners but nowhere near as much info as costar. There is nearly no information on rents and demographics. It is also much cheaper. It was about $4000 for a year for the entire country (this includes 10% discount for prepaying the year rather than paying monthly and you have to subscribe for a full year). The contact info seems to be fairly accurate and we have found off market deals to buy using info from Reonomy. I can also have other people login and use it as well. My partner uses is and I have a VA in the Philippines who can login using a VPN.\n\nIn the end it comes down to what you are looking for. Our virtual assistant is going through and data basing the entire state over the year through reonomy and will probably discontinue our subscription at the end of the year while maintaining Costar subscription unless something changes.\n\nEdit to answer your other question: The costar reps did come to the office to train you and were pretty helpful with follow up calls and questions or helping with ideas on how to set up searches based on fairly specific criteria. While its fairly easy to use there are a good amount of features that you may not know about and the training can help.", "replies": [{"id": "hxhmeuf", "text": "Thanks for the thorough an d informative answer. Is reonomy better with contact info to get off market deals?", "replies": [], "depth": 2}], "depth": 1}, {"id": "hxg5xhg", "text": "Both would be the ideal situation.", "replies": [{"id": "hxhmz1i", "text": "Why? What advantages does each one have over the other?", "replies": [], "depth": 2}], "depth": 1}, {"id": "hxgr3xb", "text": "If you are seeking sources of comp data, Costar is king.  But man do I hate them with a passion because of their stranglehold on the market and high pricing \n\nWe had a subscription for REIS which wants to be Costar's primary competitor. I really liked their product and pricing. The only problem for my company is that they really only had data for large metro areas. We work all throughout the state of florida so the cost wasn't quite worth it at that moment. \n\nA cheap but helpful option is [crexi.com](https://crexi.com). They have sale data and some have listing info.\n\nNever heard of Reonomy. I will have to check it out", "replies": [], "depth": 1}, {"id": "hxhqwu4", "text": "I've never used CoStar because they're prohibitively expensive (and their reps are WAY too pushy imo), however, I have used Reonomy. My experience with Reonomy was that most of their contact information for property owners was wrong. We were attempting a refi email marketing campaign and discovered that less than 10% of email addresses they provided were accurate. We were only using them for their ownership information and with the absurd bounce rate decided to discontinue our subscription.\n\nTo be fair though, this was about 2-3 years ago so they may be more accurate now.", "replies": [], "depth": 1}, {"id": "hxhw4m9", "text": "Reonomy:\n\n\nPros: Cheap, Nice to find contacts, Good for straight forward comps SALES comps.\n\nCons: not data on rents or anything that is not publically available.\n\nCostar:\n\nPros: decent comps, rent comps, expense details on units and a lot of data on projects coming up\n\nCons: it is very expensive and unless you are an analyst that knows how to find and use the data, I would not recommend it.\n\nCostar is not perfect, but I usually find that most people bitching about it don't know how to use it.", "replies": [], "depth": 1}]