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What Landlords Need to Know About Changes to PIPEDA

Sue McConnachie   |     Dec 28, 2018

When leasing commercial property to a tenant, large amounts of information are collected, used and disclosed, which makes sense. As a landlord, it is important for you to know who your tenants are so that you can enter into a relationship with the right business while also ensuring your property is protected.

From a tenant perspective, however, there is an expectation for privacy when it comes to their business and their work space. 

That is where the Personal Information Protection and Electronic Documents Act, better known as PIPEDA, comes in. 

4 Things to Look out for When Choosing Your Next Franchisee

Sue McConnachie   |     Dec 14, 2018

You are only as strong as your weakest link. When it come to selecting a franchisee, this couldn’t be any more true. The people you have representing your brand make it what it is, which means their success is critical to your success.

But what does a successful franchisee look like? 

Behavioural Profiles and Structured Interviews can be an Eff...

Sue McConnachie   |     Nov 30, 2018

Choosing the wrong franchisee can quickly set your franchise’s growth back many years, cause irreparable damage to the brand’s reputation, create additional costs, and affect your bottom line and overall success.

As a result, many franchisors have begun using more sophisticated approaches when it comes to selecting the right operator for their franchise.

Why Instant Reports are not the Best Solution for Screening ...

Sue McConnachie   |     Nov 23, 2018

A troublesome tenant can be a costly issue. Not only do you incur the loss associated with unpaid rent and the eviction process, but you will also have to invest more time and money in finding a new tenant, repairing damages they may have caused, as well as worry about the effect they had on other tenants and your long-term relationships with them. 

How to Complete a Prospective Tenant Application

Sue McConnachie   |     Oct 31, 2018

Choosing the right tenant is the best way to protect your investment, but when getting to know prospective tenants, there is often hidden information that a standard screening process cannot uncover.

This makes it difficult to ensure you have selected the right leasee at the outset, and that leaves you, your business and your company vulnerable. Decreased cash flow, frequent turnover, rent concessions, lease modifications, default, evictions and costly dispute resolution are just some of the many risks that exist. 

To offset these risks, it is important to consider enhanced screening methods that take a deeper look at your prospective tenants. 

Why Use an Asset Accumulation Report?

Sue McConnachie   |     Oct 18, 2018

Why Use an Asset Accumulation Report? Is money owed to you by another party? Do you have a skipped or delinquent tenant? Are you looking into ways to collect that debt? Are you trying to enforce a judgment? Are you considering legal action? Don’t make a decision just yet.

Before proceeding, it is important to consider the benefits of an Asset Accumulation Report in your decision-making process. 

3 Factors to Consider Before Proceeding with Legal Action

Sue McConnachie   |     Sep 28, 2018

The debt recovery process can be time-consuming, costly and emotionally demanding. Even if you don’t make it to court, paperwork and consultations can quickly eat up your resources. That is why, before proceeding with legal action or enforcing a judgment, you need to ask yourself if it is worth it. 

To ensure you are making the soundest decision possible, there are three factors you may want to consider. 

How Enhanced Screening can Improve OEM Dealer Development

Sue McConnachie   |     Sep 18, 2018

OEM Commercial Credit Reports collect information that details financial and credit history and provides a risk assessment for prospective dealers, operators, invested principals and/or general managers.

Unlike many reports, an Enhanced Commercial Credit Report goes even further, helping you draw more sophisticated conclusions while identifying any worrisome patterns that could have an adverse effect on your business.

Income Focused Property Acquisitions – Evaluating the Existi...

Sue McConnachie   |     Aug 29, 2018

When working in the real estate advisory and commercial property investment industry, due diligence is critical to successful purchase. This is especially true when it comes to assessing the value and quality of an existing commercial tenant base and the future income stream of the property.

Go one step further. Look beyond the past performance of the existing tenants as it is not always a reliable indicator of future performance. 

Property Managers: 5 Ways to Reduce Your Risk

Sue McConnachie   |     Aug 23, 2018

Commercial property management can be a lucrative industry, but, as with all business ventures, it is not without risks. To mitigate these risks, it is important to take advantage of all the tools available to you, whenever possible.

One of the best resources available to ensure you are working with the best tenants possible is an in-depth commercial credit report

    Quality Credit Reporting is North America’s premiere credit reporting agency, committed to providing unparalleled, high-quality reports and services.

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