Tenant Auditors vs. CAMAudit: Find Your Own Errors First
Industry sources commonly cite that 40% of CAM reconciliations contain material errors. The question is whether you find them — or your tenant's auditor does.
Industry sources estimate that professional tenant auditors recover 15–20% of billed CAM charges. They charge 15–33% contingency on what they recover. They work exclusively for the tenant, and their entire business model depends on finding mistakes in your reconciliation statements. CAMAudit catches the same errors — from your side of the table, for a fraction of the cost, before the statements go out.
CAM reconciliation errors by the numbers
of CAM reconciliations contain material errors (BOMA industry research)
average annual CAM recovery per building
of tenants discover CAM discrepancies without hiring an auditor
How they compare
| Tenant Auditors | CamAudit | |
|---|---|---|
| Approach | Reactive — hired after tenant suspects errors | Proactive — catches errors before statements go out |
| Who they work for | The tenant (adversarial to landlord) | The landlord (defensive) |
| Cost | 15–33% contingency on recovered amounts | $49/building/month |
| Timeline | Weeks to months per engagement | Minutes from CSV upload |
| Scope | One-time audit of past reconciliations | Ongoing — every reconciliation, every year |
| Outcome | Landlord pays clawback + auditor fee | Landlord corrects before sending statements |
The Software Your Tenants Already Use
The tenant side of CAM auditing has real software behind it. These are the platforms your tenants and their auditors deploy to check your math:
Tango Analytics
Enterprise tenant lease management and CAM audit platform. Used by major retailers and franchise networks to verify landlord billing across hundreds of locations.
Visual Lease
Mid-to-large tenant ASC 842 compliance and CAM verification. Helps tenants track lease obligations and flag overbilling.
LeaseQuery
Tenant accounting teams use LeaseQuery for lease abstraction and ASC 842 compliance. Includes CAM charge verification against lease terms.
These tools exist because tenants know that CAM billing errors are common and recoverable. The question is: what equivalent tool exists on the landlord side? Until CAMAudit, the answer was nothing.
Why Landlords Are Outgunned
Every CAM audit tool on the market was built for tenants. CAMAudit is the only one built for landlords.
The asymmetry is structural, not accidental. The CRE software market has historically treated CAM as a tenant accounting problem — ASC 842 compliance, lease abstraction, charge verification. Entire companies were built around helping tenants recover money from landlord billing errors. No one built the equivalent tool for the landlord side.
The result: your tenants bring software to the negotiation table. You bring a spreadsheet. When a tenant auditor files a dispute backed by Tango Analytics findings, and your defense is a manually assembled Excel workbook, the outcome is predictable.
CamAudit runs the same checks those tenant-side tools run — gross-up validation, cap enforcement, base year verification, capital vs. operating classification — but from the landlord's perspective, on the landlord's data, before the reconciliation statement goes out. The cheapest dispute is the one that never happens.
Beyond CAM reconciliation
CAMAudit is a CRE FinOps platform — leakage detection, cap enforcement, SB 1103 compliance, demand letters, and tenant portal in one place. CAM reconciliation is the entry point. Revenue recovery is the outcome.
Frequently asked questions
How much do tenant auditors charge?
Professional tenant auditors typically charge a 15–33% contingency fee on recovered amounts. On a $100K recovery, that's $15K–$33K paid to the auditor. The auditor works for the tenant, against the landlord. CAMAudit costs $49/building/month — find and fix the same errors before an auditor is hired.
Can CamAudit replace a tenant audit?
CamAudit doesn't replace tenant audits — it makes them less damaging. By catching gross-up errors, cap failures, and base year mistakes before reconciliation statements go out, you reduce the number of findings a tenant auditor can recover. The goal is defense, not replacement.
What software do tenant auditors use?
Professional tenant audit firms and enterprise tenants use platforms like Tango Analytics, Visual Lease, and LeaseQuery to verify landlord CAM charges. These tools are purpose-built for tenants to find landlord billing errors. No equivalent tool existed for landlords until CAMAudit.
How long does a typical tenant CAM audit take?
A professional tenant audit typically takes 4–12 weeks from initial document request to final report. During that period, the landlord must produce GL detail, allocation schedules, and lease documentation — often under tight deadlines. CAMAudit produces the same analysis from a CSV upload in minutes.
What percentage of CAM reconciliations contain errors?
Industry sources commonly cite that 40% of CAM reconciliations contain material errors. The most common errors are gross-up miscalculations, expense cap violations, base year drift, and capital expenses miscoded as operating expenses.
Related comparisons
Find your errors before the auditor does
Upload your GL export. CamAudit runs BOMA 2024 compliant checks on gross-up, caps, base years, and pro-rata shares. First building is free — no credit card, no commitment.
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