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 use Leasecake for lease management, renewals, expirations, and reporting of current locations and costs. I like that everything is all in one place, which helps with client visibility. The user experience is pretty great, and I find the AI bot feature to be nice as well. It helps me scan documents quicker when entering a single lease. The initial setup of Leasecake was pretty easy. Review collected by and hosted on G2.com.

Leasecake could improve in handling subleases by allowing the tenant to show spaces where they are a sublandlord, helping reduce rent liability. The Square Feet total at the top doesn't calculate correctly when leasing multiple suites within one building; it should add all active leases in one location. Also, currency in other countries doesn't display on the dashboard, and totals should tally in various currencies. Review collected by and hosted on G2.com.

I really enjoy how the user interface is laid out and the search capabilities. It is very intuitive and looks organized / tidy. I look forward to seeing the Ai capabilities improve over time. Another great feature is unlimited users and ways to filter what they can see / do. The system tracks all changes and which user did them. This is a big improvement from our previous provider. I appreciate the rent schedule feature and ability to abstract 10-12 items for quick and easy reference, not requiring the opening of the lease file. Review collected by and hosted on G2.com.

The moving of our database from our old provider took more work on our end then I would have liked. Certain information was excluded from the lease abstraction process and we had to take care of it manually after the migration was complete. I have to import contacts on my own since the abstraction only focused on the name of the Landlord (when a majority of properties have property managers who we deal with more often than the Landlords). Found a glitch or two that involving the non-auto-save of information that has not been completely submitted. but that was around a year ago and it may have been addressed. Nothing too horrible but these are items that can be improved. I also wish that Cakebot was a bit more intuitive and did not require so much rewording of the question in order to get the correct answer. 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 really like the alerts feature in Leasecake and the ability to share this information with my team. It helps us stay informed about upcoming expirations and rent amounts changing. Myself and others on the team get notices, which makes management so much easier. Review collected by and hosted on G2.com.

I'd like the ability to just upload a lease and have it automatically extracted and added to the account. The initial setup of Leasecake was a little cumbersome. 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.