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Real Estate · head to head

ARGUS Enterprise vs TenantCloud

ARGUS Enterprise logo

ARGUS Enterprise

Real Estate

Cash flow forecasting and valuation software for commercial real estate, the industry-standard modelling tool now sold by Altus Group with no published price

From
On request
Rated
-
Full reviewWebsite
TenantCloud logo

TenantCloud

Real Estate

Low-cost property management aimed at self-managing landlords rather than third-party managers

From
On request
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: ARGUS Enterprise pricing is entirely unpublished and quoted per user, making it hard to budget for a growing team without an ongoing sales relationship with Altus Group.; TenantCloud the accounting is categorised income and expense rather than a double entry general ledger, so it will not support trust accounting or the owner statements a licensed third-party manager has to produce.
  • They diverge on capability: ARGUS Enterprise covers DCF valuation, TenantCloud covers Unit-banded plans.
  • Prices and features above were last checked on 1 September 2026.

Where they differ

Only the attributes on which ARGUS Enterprise and TenantCloud actually diverge.

Attributes where ARGUS Enterprise and TenantCloud differ
AttributeARGUS EnterpriseTenantCloud
Pricing modelquotePer month by unit count
PlatformsWindows, WebWeb, iOS, Android

Identical on both: starting price (On request), free tier (No), user rating (Not yet rated), category (Real Estate).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in ARGUS Enterprise

  • DCF valuation
  • Traditional capitalisation methods
  • Lease-by-lease analysis
  • Portfolio budgeting
  • ARGUS Intelligence
  • ARGUS file interoperability

Only in TenantCloud

  • Unit-banded plans
  • Rent collection
  • Listing syndication
  • Tenant screening
  • Maintenance requests
  • Income and expense tracking
  • Lease documents and e-signature

What people use each for

The jobs each tool is most often brought in to do.

ARGUS Enterprise

  • An institutional investor needing DCF valuations in the ARGUS file format lenders and counterparties expectnot TenantCloud
  • An appraiser producing defensible, industry-standard valuation reports for institutional clientsnot TenantCloud
  • A REIT or investment manager running portfolio-wide budget and scenario comparisons across propertiesnot TenantCloud
  • A CRE professional pursuing ARGUS Software Certification as a recognised credential for career progressionnot TenantCloud

TenantCloud

  • A landlord with six to thirty units who wants rent by ACH, receipts and a tax-ready expense record without paying management-suite pricesnot ARGUS Enterprise
  • Someone inheriting a small portfolio who needs leases, applications and screening in one place from a standing startnot ARGUS Enterprise
  • A part-time landlord who wants tenants to submit maintenance requests through an application rather than by text messagenot ARGUS Enterprise
  • Testing whether online rent collection improves on-time payment before committing to a full property management platformnot ARGUS Enterprise

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

ARGUS Enterprise

  • Pricing is entirely unpublished and quoted per user, making it hard to budget for a growing team without an ongoing sales relationship with Altus Group.
  • Because the ARGUS file format is the institutional standard, firms are effectively locked into the platform to participate fully in institutional deal flow, regardless of whether a cheaper tool would otherwise serve them.
  • The interface and modelling workflow have a steep learning curve, which is precisely why the ARGUS Software Certification exists as a distinct, paid credentialing track.
  • Altus Group also owns Reonomy, a CRE data product, which means a firm buying both ARGUS and Reonomy is concentrating spend with a single vendor across valuation and data.
  • It is a modelling and valuation tool, not a data source; a firm still needs separate market data (CoStar, Reonomy or similar) to populate the assumptions ARGUS models run on.

TenantCloud

  • The accounting is categorised income and expense rather than a double entry general ledger, so it will not support trust accounting or the owner statements a licensed third-party manager has to produce.
  • Plans are banded by unit count, which means crossing a band boundary by a single unit steps the monthly bill up rather than nudging it, and the bands are where most of the vendor pricing power sits.
  • A large share of the vendor economics comes from screening fees, insurance commissions and payment processing rather than the subscription, so the true annual cost depends on volume you cannot see when you sign up.
  • Owner reporting is thin because the product assumes the landlord is the owner, which makes it unsuitable the moment you start managing property for someone else.
  • Support and product depth trail Buildium and AppFolio noticeably, and the escape route when you outgrow it is a migration to a different vendor rather than an upgrade path within this one.

Pricing, plan by plan

ARGUS Enterprise

On request
  • ARGUS Enterprise$undefined/year
    • No published pricing, quote required from Altus Group
    • Licensed per user, typically annual subscription
    • ARGUS Intelligence and certification training priced separately

TenantCloud

On request
  • Starter$undefined/month
    • Banded by unit count
    • Rent collection and online applications
    • Maintenance requests
  • Growth$undefined/month
    • Higher unit band
    • Listing syndication
    • Custom lease templates
  • Pro$undefined/month
    • Highest published unit band
    • Team access
    • Advanced reporting
  • Business$undefined/year
    • Quoted above the published bands
    • Multiple portfolios
    • Onboarding assistance

Which should you pick?

Choose ARGUS Enterprise if

  • You need dcf valuation.
  • You work on Windows, Web.
  • You also want traditional capitalisation methods.
ARGUS Enterprise review

Choose TenantCloud if

  • You need unit-banded plans.
  • You work on Web, iOS, Android.
  • You also want rent collection.
TenantCloud review

Questions people ask

Is ARGUS Enterprise or TenantCloud better?
Neither clearly leads. ARGUS Enterprise starts at On request and TenantCloud at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, ARGUS Enterprise or TenantCloud?
ARGUS Enterprise starts at On request and TenantCloud at On request.
Does ARGUS Enterprise or TenantCloud run on more platforms?
ARGUS Enterprise runs on Windows, Web. TenantCloud runs on Web, iOS, Android.
What is ARGUS Enterprise best used for?
ARGUS Enterprise is most often used for an institutional investor needing dcf valuations in the argus file format lenders and counterparties expect, an appraiser producing defensible, industry-standard valuation reports for institutional clients, a reit or investment manager running portfolio-wide budget and scenario comparisons across properties, a cre professional pursuing argus software certification as a recognised credential for career progression. Of those, an institutional investor needing dcf valuations in the argus file format lenders and counterparties expect and an appraiser producing defensible, industry-standard valuation reports for institutional clients are not what TenantCloud is typically brought in for.
What can ARGUS Enterprise do that TenantCloud cannot?
ARGUS Enterprise covers DCF valuation, Traditional capitalisation methods, Lease-by-lease analysis, Portfolio budgeting. TenantCloud covers Unit-banded plans, Rent collection, Listing syndication, Tenant screening.

Answered from the vendors’ own pages

ARGUS Enterprise: Is there a published ARGUS Enterprise price?

No. Altus Group quotes pricing directly, licensed per user on typically an annual basis.

TenantCloud: Can I use it to manage property for other owners?

Not properly. There is no trust accounting and owner statements are limited, so a licensed manager holding client money should look at Buildium or Rent Manager.

ARGUS Enterprise: What is ARGUS Software Certification?

A professional credential recognising proficiency in ARGUS Enterprise, reflecting how central the platform is to institutional CRE valuation work.

TenantCloud: Who pays for tenant screening?

Usually the applicant, though the landlord can absorb it. The screening fee is a separate charge from the subscription and is part of how the vendor earns.

ARGUS Enterprise: Why is ARGUS considered an industry standard?

Its output file format has become the de facto exchange standard lenders and institutional investors expect when reviewing a commercial property valuation.

TenantCloud: What happens when I cross a unit band?

The monthly price steps to the next band immediately, so a portfolio sitting one unit over a boundary pays for headroom it is not using.

TenantCloud: Does it handle commercial units?

Only in a basic way. There is no CAM reconciliation or commercial escalation handling.

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