Five days per lease abstract. Now five minutes.
How Levin Management's CFO put Kolena's AI agents on lease abstraction, and how a team of five now runs two acquisitions at once.
“Time is money. We get that lease back out in a day and now we are collecting rent 10 days sooner. It equates to a financial implication, not just an administrative implication.”
What five days per lease was costing
The bottleneck
Each lease abstract took the team about five days. With a team of five, running two acquisitions at the same time was not feasible.
What changed
Jeanette's team runs leases through Kolena's AI agents and gets the abstract back in about five minutes, with every field cited to the source paragraph. They have since added management agreement abstracts and started building financial ratios from the extracted data.
The result
Leases go back out in a day, rent comes in 10 days sooner, and two acquisitions at once is now feasible with the same team of five.
Every field cited to its paragraph
Kolena's AI agents abstract each lease into your template and flag the clauses that need a second look.
Hear it from Jeanette
Jeanette Oliver on lease abstraction and what it did for Levin's rent roll, from the Pragmatic AI Podcast, episode 2.
Watch the full episode →More from Levin Management
“Do you want to run it through Kolena and get an output back in 5 minutes, or do you want to sit there for five days and review it?”
“If we had two acquisitions happening at the same time with a team of five, that would not be feasible. Now it is feasible.”
“Anytime you provide a tool to a manual process, you provide a quality of life… This is not a replacement of you. This is a tool for you to do your job better. And I think the team is tremendously happy.”
Teams running Kolena on their own documents
See it on your own leases.
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