Hemlane vs ARGUS Enterprise

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Our analysts compared Hemlane vs ARGUS Enterprise based on data from our 400+ point analysis of Property Management Software, user reviews and our own crowdsourced data from our free software selection platform.

ARGUS Enterprise Software Tool

Product Basics

Hemlane helps owners, agents, managers and tenants manage properties in the long run. Users can advertise properties, automate communication, access credit reports and store contracts. It provides applicant tracking, tenant screening, lease management, online rent and financials, and property maintenance. Customers can choose from three pricing options and take advantage of a one-month free trial.
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ARGUS Enterprise is a software solution designed to assist property managers in efficiently managing their properties. It caters to a wide range of tasks, including rent collection, maintenance scheduling, and tenant communication. The software is particularly well-suited for property managers who require a comprehensive solution to streamline their property management operations.

ARGUS Enterprise offers several key benefits, such as time and cost savings, ease of use, and scalability. Its high degree of customizability allows property managers to tailor the software to their specific needs. Some of its popular features include portfolio management, cash flow analysis, budgeting, lease management, and property management functionalities.

Pricing for ARGUS Enterprise is typically based on a per-unit basis, with additional fees for optional features. Payment is usually made on a monthly or annual basis. Compared to similar products, ARGUS Enterprise is often praised for its comprehensive features and customizability, although some users may find its pricing to be on the higher end of the spectrum.

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$30 Monthly
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$125 Monthly
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Tailored to your specific needs
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Product Assistance

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Product Insights

  • Simplify Administration: Manage marketing, leasing, renting and maintenance workflows from a unified platform. 
  • Streamline Maintenance: Specify service providers for each task and automatically issue work orders whenever tenants put in requests. 
  • Reach More Prospects: Advertise properties on popular listing channels by designing a website and using a channel manager. 
  • Local Support: Owners can connect with local and licensed property managers for assistance during turnovers, showings, move-ins, setting rent and inspections. 
  • Find Reliable Tenants: Check every prospect’s credit and background score through TransUnion. Receive intelligent insights based on reports. 
  • Improve Tenant Experience: Allow tenants to pay rent, view leases and issue maintenance work orders digitally. Set up automatic payments and track work progress. 
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  • Enhanced Decision Making: ARGUS Enterprise equips real estate professionals with comprehensive analytics and forecasting tools, enabling more informed investment and development decisions.
  • Risk Mitigation: By providing detailed scenario analysis and stress testing, the software helps identify potential risks before they become problematic, safeguarding investments.
  • Streamlined Workflow: Automates and centralizes data management tasks, reducing manual errors and saving time on property and portfolio management.
  • Improved Collaboration: Facilitates better teamwork by allowing multiple users to access and work on the same project simultaneously, ensuring consistency and efficiency.
  • Comprehensive Reporting: Generates detailed reports on property performance, financial projections, and market analysis, making it easier to present data to stakeholders and make strategic decisions.
  • Market Insights: Offers access to critical market data and trends, helping users stay ahead of the curve and make proactive adjustments to their strategies.
  • Regulatory Compliance: Helps ensure compliance with various financial and real estate regulations, reducing the risk of legal issues and penalties.
  • Scalability: Adapts to the needs of any size portfolio, from a single property to a global portfolio, ensuring the software grows with your business.
  • Increased Transparency: Provides a clear overview of property and portfolio metrics, enhancing transparency with investors and stakeholders.
  • Asset Optimization: Identifies opportunities for value enhancement and operational improvements across portfolios, maximizing returns on investment.
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  • Marketing: Increase virtual visibility of portfolios and maximize lead conversion using these tools. 
    • Listing Syndication: Advertise properties on more than 30 rental websites and track which sources provide the most qualified leads. 
    • Listing Management: Make changes to property details, pricing and availability from the dashboard, which will reflect on every website. Prepare for turnover based on upcoming vacancy notifications. 
    • Professional Website: Design and devise professional listing websites to attract renters and promote business brands. 
  • Applicant Management: Streamline the application process with the following: 
    • Rental Showings: Screen and hire local licensed agents for property showings. Pre-screen prospects, send reminders and follow up on them. 
    • Tenant Leads: Track the contact information and qualifications of every prospect. Follow up with leads using custom emails or phone calls to push conversion. 
    • Application Form: Provide prospects with free application forms and receive self-declared information about conviction and eviction history, pets, parking requirements, contact details and employment history. 
  • Tenant Screening: Find the most suitable tenants through a comprehensive screening of credit report and score and background check for criminal or eviction history. Share information with tenants to maintain transparency. Choose the best tenant according to intelligent recommendations. 
  • Leases: Receive reminders about lease renewals and notify managers and owners about tenants’ subsequent actions. Store unlimited documents, leases and inspection photos, along with communications with tenants and prospects, in a cloud-based location for easy review during leasing. 
  • Payments: Add and verify unlimited bank accounts and accept rental payments via ACH transfers, credit and debit cards. Send automatic requests for late fees as per lease agreements. Track income and expenses through manual entries, documents and receipts. 
  • Maintenance Repairs: Streamline communications with a 24/7 US-based team receiving maintenance requests, coupled with photos and video documentation. Manage contact information of local professionals, assign work orders when needed and update tenants on work status from the dashboard. 
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  • Cash Flow Analysis: Enables intricate cash flow forecasts by modeling changes in expenses, revenues, and capital expenditures on a lease-by-lease basis.
  • Valuation Methods: Facilitates the application of multiple valuation methods, including Discounted Cash Flow (DCF), Trad Val, and other global techniques.
  • Portfolio Management: Provides portfolio level dashboards offering insights and a comprehensive view of risks and returns.
  • Reporting: Offers flexible reporting features with customizable parameters, timing, and detail levels, along with various report templates and multi-currency rates.
  • Budgeting and Forecasting: Supports the creation of accurate budgets, diverse Charts of Accounts (COAs), and the ability to handle different forecasts and import historical management data.
  • Asset Management: Allows users to manage financial transactions, reports, fees, leases, tenants, and rents across their entire portfolio.
  • Data Import: Streamlines workflows with features like importing property data from Coastal Vector List (CVL) files.
  • Customization: Provides tools for customizing role-based views, drilling down and directly editing inputs, and performing quick views on tenant categories.
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Product Ranking

#35

among all
Property Management Software

#73

among all
Property Management Software

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Analyst Rating Summary

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Analyst Ratings for Functional Requirements Customize This Data Customize This Data

Hemlane
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Accounting & Financial Management Business Operations Dashboards And Reporting Leasing Maintenance Marketing Platform Capabilities 68 53 67 89 83 31 79 0 25 50 75 100
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User Sentiment Summary

Excellent User Sentiment 252 reviews
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97%
of users recommend this product

Hemlane has a 'excellent' User Satisfaction Rating of 97% when considering 252 user reviews from 4 recognized software review sites.

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5.0 (2)
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4.83 (126)
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4.8 (113)
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Awards

Hemlane stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

User Favorite Award

No awards.

Synopsis of User Ratings and Reviews

Streamlined Rent Collection: Hemlane automates rent collection, late fees, and payment tracking, simplifying the process for both landlords and tenants.
Comprehensive Tenant Screening: The platform offers thorough tenant screening, including credit, criminal, and eviction history checks, to help landlords select reliable tenants.
Efficient Maintenance Management: Hemlane facilitates maintenance requests, allowing tenants to submit requests online and landlords to track progress and communicate with vendors.
Financial Tracking and Reporting: The platform provides tools for tracking income and expenses, generating reports, and exporting data for tax purposes.
Marketing and Leasing Tools: Hemlane assists with marketing rental properties, listing them on popular rental websites, and managing tenant inquiries and applications.
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Streamlined Tenant Application Process: ARGUS automates the tenant application process, including credit and background checks, which saves time and reduces the risk of errors.
Efficient Rent Collection: The platform offers online rent payment options, making it convenient for tenants and ensuring timely rent collection for property managers.
Comprehensive Financial Reporting: ARGUS provides detailed financial reports, including income and expense statements, balance sheets, and cash flow statements, which help property managers track their financial performance and make informed decisions.
Improved Communication: The platform facilitates communication between property managers and tenants through a centralized portal, which helps to resolve issues quickly and efficiently.
Enhanced Maintenance Management: ARGUS streamlines the maintenance process by allowing tenants to submit maintenance requests online and tracking the progress of repairs.
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Limited Functionality for Property Managers: Hemlane's software may not be robust enough for professional property managers due to limitations in accounting features, reporting capabilities, and work order management tools.
Customer Service Issues: Some users have reported challenges in reaching Hemlane's customer support, experiencing long wait times and difficulties getting timely assistance.
Pricing Structure: The platform's pricing structure, which includes per-unit fees and potential add-on costs, can become expensive for landlords with larger portfolios, especially when compared to competitors with more straightforward pricing models.
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Limited Functionality: Some users find that ARGUS Enterprise lacks certain features commonly found in other property management software, such as online rent payments or tenant portals. The software's primary focus is on financial modeling and valuation, which may leave property managers wanting more in terms of day-to-day operational tools.
Steep Learning Curve: Due to its complex interface and advanced features, ARGUS Enterprise can be challenging to learn and master, especially for users without a background in finance or real estate investment analysis. This can lead to a longer onboarding process and potentially higher training costs for property management teams.
Cost: ARGUS Enterprise is a premium software solution with a correspondingly high price tag. Smaller property management companies or those with tighter budgets may find the cost prohibitive, especially when considering the additional expenses associated with training and implementation.
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Over the past year, Hemlane has garnered a reputation for streamlining rental management, but it's not without its quirks. Users frequently praise its comprehensive suite of features, particularly tenant screening, online rent collection, and maintenance management tools, which significantly reduce the time and effort involved in property oversight. The platform's user-friendly interface and intuitive design make it accessible even for those with limited tech experience. However, some users have expressed concerns about occasional customer support delays and limited customization options for certain features. Hemlane distinguishes itself by offering a hybrid approach that combines technology with human support. Users can opt for a DIY approach or leverage Hemlane's network of local agents for tasks like property showings and tenant placement. This flexibility caters to a wide range of landlords, from hands-on individuals to those seeking a more hands-off experience. While Hemlane may not be the most budget-friendly option on the market, its comprehensive features and hybrid model make it a compelling choice for landlords with multiple properties or those seeking to streamline their rental management processes. Keep in mind that the online landscape is constantly evolving, so it's always a good idea to check the latest reviews and updates before making a decision.

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ARGUS Enterprise seems to be a bit of a mixed bag according to user reviews from the past year. While it's praised for its comprehensive functionality, covering everything from property management and accounting to budgeting and valuations, users often find the interface clunky and outdated. This can make navigation and simple tasks more time-consuming than they should be. The learning curve is also quite steep, requiring significant training and support, especially for those new to property management software. On the plus side, ARGUS Enterprise shines with its powerful reporting and analytics capabilities, allowing users to generate detailed insights into property performance and make data-driven decisions. Its integration with other software systems is another strength, streamlining workflows and data sharing. However, some users mention that the integration process can be complex and may require additional IT support. Compared to competitors like Yardi Voyager and RealPage, ARGUS Enterprise is often seen as more feature-rich but less user-friendly. Ultimately, ARGUS Enterprise appears best suited for larger property management companies with dedicated IT resources and a need for advanced reporting and analytics. Smaller firms or those seeking a more intuitive user experience might find other options a better fit.

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