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The Lean Rent Playbook: How to Avoid Hidden Occupancy Costs
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2. Missed payments from
subleases
Subleases add a layer of complexity to your lease portfolio.
Not only do you have to make your lease payments on time,
but you have to receive your sublease payments on time,
too. When you're juggling a large portfolio that includes
numerous subleases, it's easy for invoicing mistakes,
system errors, and other oversights to result in missed lease
payments and expensive late fees.
Depending on the size of your portfolio, missed payments
f rom subleases can easily lose your business more than a
hundred thousand dollars annually.
Estimated cost: $100,000+ in missed rent payments
The solution: Lease administration software like
Tango eliminates missed payments and late fees
by providing a central hub for managing every
sublease. Our Rent Collection and Accounts
Receivable tools automatically calculate total
subtenant rent and pro-rata expenses to ensure
proper invoicing, so you always get what you're
owed in time.
