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The Lean Rent Playbook: How to Avoid Hidden Occupancy Costs
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Every month, lease administrators spend time calculating how the consumer price index
(CPI) impacts the recurring costs associated with each lease, including anything you owe
retroactively. This is an ongoing task that never "ends." But it could take a lot less time.
Tango's CPI Rent and Expense Management tool automatically imports common CPI rate
tables, summarizes the costs they impact for each lease, and helps your administrators
calculate each cost.
If you have 1,000 leases, this can easily save hundreds of hours per year.
I. Calculating CPI costs
Subleases require regular time and attention. Tango's Rent Collection feature reduces this
requirement by automatically calculating sublet square footage, setting up and validating
subtenant expense payments, generating invoices, and managing outstanding invoices,
cash receipts, and application of late fees.
Over the course of a year, this automation can save a week's worth of work or more for a full-
time lease administrator.
II. Managing receivables for subleases
