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Didn’t mean to post this here. My bad
Reonomy's machine learning platform allows sales, debt, tax, and ownership contact data to be updated in real-time, whereas CoStar relies on call centers to manually update information, which isn't always precise. I've had way better luck on Reonomy than I ever did on CoStar-- plus Reonomy's a lot more cost-efficient.
At the moment, Reonomy doesn't have a robust leasing database like CoStar does, but with the recent Series C raise, I wouldn't be surprised if Reonomy developed a leasing product in the next couple of years.
I have it, rarely use it. I can get all of the information I need from Yardi, CoStar, Property appraiser, or true people search.
dude CoStar only covers like 5m properties and you're not given complete access to data across the US like you are with Reonomy. Yardi only specializes in 50+ unit multifamily properties, so if you're interested in asset classes outside of that you're SOL
For those who use Reonomoy, what do you primarily use it for?
For example, If I wanted to identify owners for properties meeting the following criteria: 10-20 Units, Built Prior to 1978, Low Principal Balance on Debt. Could Reonomy provide a list of all owners in a specific submarket that meet that criteria? Does anyone have other sources that can do this well?
i'd also like to hear some more about reonomy. can anyone post some screen shots or more detail about how the system works?
i have heard that yardi matrix is good for self storage as well as multifamily, and they have good legit contact info. yardi matrix used to be pierce eislen and that was always the best on-the-ground intelligence for multifamily properties but the main value was that they kept the rent rolls, rates, and occupancies up to date for every property. costar definitely does a terrible job of that.
costar is "okay" for comps and leasing data, or probably as good as you can actually do with the opaque world we live in (cre space).
but i think costar is terrible for ownership data, and the contact info is more or less nonexistent. i think this is b/c there is kindof a contentious relationship between the owners (who costar wants to like them, so they can give them info) and costar divulging of their contact info (many of which are personal phone numbers).
that's why reonomy could be good. but i wouldn't compare reonomy to costar, i'd compare them to lexis-nexis, corelogic, and landvision.
at the end of the day, what you want is to be able to pierce the corporate veil and get to an actual company or person who owns the property and get their contact info, either a phone number or an email address, or both.
if reonomy is good at that, then there is a big market for brokers.
gotmike . Reonomy offers a free trial. It's worth signing up for if you're interested.
thanks, yeah i'm not really in the market for this anymore. my brokerage days are behind me, and they are the most likely buyers for this.
i was just sharing my viewpoint on a few of the tools mentioned.
for what it's worth, reonomy also has the "anti-old-school vibe" of transparent pricing and free trials. everyone else i mentioned involves a time-consuming and complicated sales pitch, long-term contract, no free trial, etc.
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