Leasecake Reviews & Product Details

I use Leasecake to keep a record of my leases, rent, rent increases, reminders, insurance, and important documents for each property and tenant. It keeps me on track with all rent increases. The new chatbot is awesome because I don't have to go through the whole lease to find something; I can just ask the chatbot to do it for me. I really like its constant reminders and organization. The initial setup was very easy. Review collected by and hosted on G2.com.

I hope in the future leasecake will create a system or a portal for tenants to login and see their info and documents Review collected by and hosted on G2.com.

As a third-party property manager, Leasecake lets me view all our lease information in one location, regardless of what property management systems our clients require. Review collected by and hosted on G2.com.

When entering dates in any part of the platform, it does not recognize a digit-only entry and you must enter "/" between the two digit date, month and four digit year. Downloaded lease abstracts only include a "Use" for the entire building rather than an individual Tenant Use, which would be more applicable to a Landlord's needs in a multi-tenant building. Review collected by and hosted on G2.com.

Our company uses LeaseCake for asset management, and I really appreciate it. I love the CakeBot AI feature because it helps with quick lease abstraction, and the reporting function is also intuitive and easy to use. Review collected by and hosted on G2.com.

I’m sure there’s a workaround I just need to learn, but I run into issues when adding new stores that are still under construction. I don’t always have the final details yet, like the Turnover Date and Rent Commencement. As a result, I have to return to the system later, once we’ve reached those milestones, to backfill the missing information and then move forward with creating the account. Review collected by and hosted on G2.com.

I love the Cakebot AI in Leasecake. Being able to ask things like 'what does the lease say about external parking lights' or 'what is the address to send notices to,' and 'is this lease fixed rate or fair market value' makes it easy to find and answer any lease questions. Cakebot also performs new lease abstractions and walks through setting up new locations and leases in Leasecake. I appreciate being able to easily update and access my contacts, and I can track my expirations and set up renewal notices, so that we don't miss important lease dates. Review collected by and hosted on G2.com.

I think the chat support response should be live and interactive. Currently, on the chat feature I send my question and then get an email notification in the future, could be quickly, but could also be the next day, which makes it hard to answer and respond like a conversation. Review collected by and hosted on G2.com.

It is easy to learn and follow. A system that is customizable to your company needs and can store lots of information and files. Abstractions have been very easy and helpful to use for our leases. We also have tried their NNN reconciliation services and have been very helpful and informative. We look forward on trying more of their services in the future as well. Review collected by and hosted on G2.com.

I wish we would be able to customize the appearance more and be able to move the tabs like locations, contacts, etc. Review collected by and hosted on G2.com.

I find Leasecake incredibly valuable, especially for managing cash flow and using the CakeBot feature. The cash flow functionality is very useful, as it allows me to have all relevant information consolidated in one platform, which greatly streamlines tracking rents, maintenance costs, and contract conditions for the various spaces we rent. The CakeBot stands out as an essential tool, simplifying the process of accessing and reviewing contract details without the need to manually search through each contract. This feature alone saves me significant time and effort which previously involved reading through multiple documents. Moreover, the initial setup of Leasecake was straightforward and easy; after a brief discussion with the team, I became comfortable using the tool. Overall, I would confidently recommend Leasecake to peers managing numerous locations and leases. Review collected by and hosted on G2.com.

I find the regional customization of Leasecake limited, particularly with cost per square meter, which is more relevant in Mexico. Additionally, the date formatting doesn't align with our local standards of day, month, and year, and currently, it's not possible to change this setting in the software. Review collected by and hosted on G2.com.

I really enjoy how Leasecake makes it easy to access and provides clarity by presenting information simply. I find the way rent details are summarized highly appealing, as they allow me to have quick insights at a glance. The feature enabling leases to be downloaded and viewed in PDF format is extremely valuable, as it allows me to conveniently upload or display proof of data with clear details. Additionally, I find the initial setup of Leasecake straightforward and easy to understand, which is a significant advantage. Review collected by and hosted on G2.com.

I need Leasecake to improve its quality checking process. Additionally, I find the reporting and analytics lacking in flexibility, and I think the workflow automation could use enhancement. Review collected by and hosted on G2.com.

What I like the most about leasecake is that the team can have all aspects for management and administration for leases. Going from having the essencial information such as significal dates, landlords information, critical clauses to have a full repository of all the documents relevant to your leases. Also you can manage your rent schedule including rent increases, payables and all the financial stuff needed to succeed.

It has an incorporated IA, Cakebot that is really helpful because it helps to analyse and extract all the information you need without the need to fully read all of your documents, and reports have never been easier as it has incorporated report templates that you can edit and adapt. Review collected by and hosted on G2.com.

In my personal experience, as a foreign user, Leasecake still has room for opportunity to adapt to different countries, as it is optimized for US users. It has grown and been developed non stop to improve the experience for foreign users, but adding the Contry code for example in telefone numbers.

The other thing that you can improve is the geolocalization, so you can export the info in other apps for example Google Earth or Google maps or even just to visualize all in one place in a map and not just one point. It would be amazing. Review collected by and hosted on G2.com.

I find Leasecake incredibly helpful for managing leases as it allows me to easily look through lease files and find the correct dates swiftly. The intuitive interface simplifies the process, making it effortless to access crucial lease information needed for tasks like checking when leases are up for renewal and reviewing important rent details. The setup of Leasecake was very easy, which made transitioning to using this software a seamless experience. Review collected by and hosted on G2.com.

I find the notification system in Leasecake could use some improvement. It doesn’t effectively alert me when a lease is about to expire, which is crucial information. An enhanced alert system, like more reliable email notifications or a more consistent alerting mechanism, would greatly improve its usability. Review collected by and hosted on G2.com.

This system has everything an organization would need when it comes to leases. Everything from ASC 842 calculation to document storage. Their AI bot is great to read documents have them uploaded to each of your locations. They also have a great staff that is willing to personally help and setup calls to help with whatever it is you might need help with. Review collected by and hosted on G2.com.

The software can be time consuming to get up and running or transitioning from a different platform. Review collected by and hosted on G2.com.