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In this video tutorial, the creator will be building a custom rent schedule module for long term leases. They mention that this is a simple yet powerful tool that can be used to model rent cash flows for tenants. The tutorial demonstrates how to extract data from a non-Excel tool, such as a rent roll exported from a broker, and then use an index match function in Excel to model the base rent cash flows. The example used in the tutorial involves a rent roll with one tenant, showcasing how to organize and analyze the data efficiently.