Visual Lease is a cloud-based lease administration and accounting solution for corporate tenants and property owners who manage office space, retail stores, industrial sites and more. It enables users to track lease data, critical dates, financials, documents and contacts.
Visual Lease includes customizable components such as abstract categories, income and expense components, reports, user-defined fields, drop down lists, security protocols and more.
The dashboard provides critical date reminders and notifies users of upcoming expirations, options and changes in rent. The dashboard also includes a global GIS map of the portfolio where users can view details and pictures of leased, subleased and owned properties.
Visual Lease provides a library of standard reports, it has an ad hoc reporting tool that allows users to build their own reports. It also centralizes real estate documents and contacts, providing a single source to reference source documents, track tenants and property owners. Support is provided via phone and email.
Darlene from Smith & Nephew
Visual Lease is a great product. I think what I like most is the constant improvement they make to the product to meet the needs of their clients. Training is offered on each new version or module that is being introduced.
There is really nothing that I don't like about the product or vendor. Until recently, it would have been the fact that they were not able to offer translation services when abstracting leases; however, that has been resolved and can now be provided.
I would suggest that evaluations be truthful and provide as much information as possible.
Marsha from John L. Scott Real Estate
Specialty: Real Estate
The product is very intuitive and easy to use. The vendor is attentive and works to make every member of our team feel included and like their own special needs are met.
I can't think of anything I dislike about the product or vendor. I have worked for 25 years implementing various types of property management software. Visual Lease is by far the best.
I looked at a lot of products to find a good fit for the type of Tenant-based leasing we do. No other product addressed our needs like VL.
Edward from Jackson Lewis P.C.
Visual Lease automatically generates our ACH feed for monthly rent payments of $1.8M over 56 lease locations. Visual Lease generates reports in a matter of minutes, when I previously devoted a day to complete the same task. The cloud-based software is easy to access on the road.
We look forward to the day when Visual Lease adds the ability to see 20-30 thumbnail images for each lease location.
It's a terrific product that I would recommend to any organization that manages multiple office leases.
Caryn from Tavistock Restaurants
Specialty: Real Estate
The software is very logical and easy to use. Visual Lease places a high priority on responding to client requests/suggestions to improve the process. Any time I find myself wishing I could do something, I email my idea to support. Many of my suggestions have made their way into upgrade releases.
This is a tough one to answer. To be fair, I'm trying to come up with something. Nothing is coming to mind.
If you place value on support, Visual Lease definitely provides ongoing support. For example, I went through the training on reports but it was months before I actually needed to run reports. That was no problem; I requested assistance, and they set up a webinar.
Visual Lease is very efficient. For example, if the standard reports do not match your needs, you can create your own custom version with ease.
Kevin from Memorial Hermann
Specialty: Healthcare & Hospitals
It's easy to use, and it makes it easy to organize and visualize the lease information. We are able not only to utilize the lease records for information, but also to start using the Project Module for projects that are in progress. It helps keeps the information in one place for everyone to read for updates instead of emailing back and forth.
It's not able to do all of the custom reports our team needs. We have to manipulate some of the standard reports and portfolio reports.
Understand what information you need and don't need for the management of your portfolio. Visual Lease will not have 100% of what you need now, but they constantly update the software to make it easier to use.
Mark from Sevell Realty Partners, Inc.
Visual Lease's professional and knowledgeable personnel from the first inquiry about the system to customer service are their greatest asset. The 24/7 accessibility of the system is extremely beneficial to real estate and operation professionals that are constantly on the move. The comfort of knowing that there is a daily backup of the system off-site and records can be easily retrieved should the need arise.
This is one of the easiest systems to understand and to operate once you start working with the system. The updates often reflect items that we have discussed with Visual Lease. The Training videos are very helpful and customer service has been outstanding.
Are usually taken care of in the latest update.
Thomas from Source Interlink Cos.
I would heartlly recommend this product to all corporate real estate departments.
Customer Service is excellent, prompt and efficient.
The value given for the cost is very attractive; Visual Lease is very cost efficient
Whenever I have one, they find a way to solve it.
Darlene from Smith & Nephew, Inc.
Because we are trying to centralize the lease management process for our global company, we must obtain leases from a great many different people/locations. Our inability to translate some of these leases in-house is difficult. It would be ideal if Visual Lease could also provide translation services.
Great product! Support is fantastic, with knowledgable, easy-to-work with reps. Training has been offered with each software version update released.
For us the only con that I can offer is the need to send leases in for data entry and abstraction in batches of 10-20, but I totally understand this requirement.
Response: Visual Lease, Visual Lease
Date: June 2011
Visual Lease now offers lease translation and abstracting services.
Gerri from Bingham McCutchen LLP
I can highly recommend VisualLease with no qualifications. They listen to their customers, and frequent updates to the leasing program are largely in direct response to customer needs. The company is very reliable, and offers other leasing services in addition to administering the lease management program.
We have been using VisualLease as our exclusive leasing program for almost seven years, and it has never failed to fulfill our leasing neeeds. Having all of our office leases easily accessible from anywhere by multiple users has allowed us to respond to every leasing question in a matter of minutes. The abstract function is extremely valuable in accessing quick information on specific topics, and the financial tracking function has cut our annual budgeting process time in half. I don't know how we'd manage our leases without Visual Lease. The best feature of VisualLease is the company's customer service. There is always a person available to respond immediately to every question and to find a solution to an issue in very short order. The new web version has virtually eliminated all technical issues, and new updates are frequent and well announced.
If there are any "cons," it might be that although the program is ultimately very user-friendly, it does takes some training at the begninning in order to learn all that the program has to offer. This is not really a "con" - it's just a simple learning experience which is to be expected with any new program.