Due Diligence for Skipped, Delinquent and Renewal Tenants During COVID - 19

Due Diligence for Skipped, Delinquent and Renewal Tenants Du...

Sue McConnachie   |     May 05, 2020

SKIPPED AND DELINQUENT TENANTS

During these un-precedented times with COVID-19, the numbers of Skipped and Delinquent Tenants is on the rise. Being a property manager brings with it the potential for serious risk, liability and consequences at a time when the scales of justice seem tipped in favour of delinquent tenants. Once a tenant has gone delinquent, property managers must decide whether to proceed with legal action, and after all, if there is minimal probability of recovering the debt, why incur the costs of legal action?

Due Diligence for Handling Rent Relief Requests

Sue McConnachie   |     Mar 30, 2020

During these unprecedented times, comes the issue of your tenants’ short term or long-term inability to meet rent obligations, leading to important decisions you will now have to make.  We understand that it may not be in the best interest of the landlord to close a tenant’s door and begin to find replacement tenants during a time when leasing activity is at a serious slow down.  Landlords will have to choose if it is in their best interest to consider rent relief if doing so keeps a tenant open and operating in long and short term, and how that may protect the long-term economic viability of a property.  

Understanding Consumer Insolvency vs. Bankruptcy

Sue McConnachie   |     Mar 05, 2020

According to the Office of the Superintendent of Bankruptcy; “Consumer insolvencies for the 12-month period ending December 31, 2019, increased by 9.5% compared with the 12-month period ending December 31, 2018. Consumer bankruptcies decreased by 1.2%, while consumer proposals increased by 17.9%. The proportion of proposals in consumer insolvencies increased to 60.3% during the 12-month period ending December 31, 2019, up from 56.0% during the 12-month period ending December 31, 2018. For the 12-month period ending December 31, 2019, consumer insolvency filings accounted for 97.4% of total insolvency filings.”

What to do With Your Skipped and Delinquent Tenant

Sue McConnachie   |     Feb 26, 2020

Being a property manager brings with it the potential for serious risk, liability and consequences at a time when the scales of justice seem tipped in favor of delinquent or “bad” tenants. Once a tenant has gone delinquent, property managers must decide whether to proceed with legal action, and after all, if there is minimal probability of recovering the debt, why incur the costs of a suit?

Your Guide to Interpreting Key Commercial Tenant Credit Info...

Sue McConnachie   |     Feb 04, 2020

Property Managers want to make the best possible decisions to reduce risk and increase success when evaluating tenants. Up-to-date financial and credit information about prospective tenants, renewal tenants, acquisition tenants, or skipped / delinquent tenants, is essential.

We're pleased to share with you a new ebook, "Your Guide to Commercial Tenant Credit Reports", providing an overview of the 16 sections contained in our Comprehensive Tenant Reports.

Choose Investigative and Current Credit Information – Learn ...

Sue McConnachie   |     Dec 19, 2019

Assessing your risk using investigative-style reporting will offer valuable insights that cannot be obtained through traditional historical database reports.

While both investigative and database approaches will help you and your company evaluate risk for potential business partners - including suppliers, manufacturers, customers, partners, prospective tenants, franchisees - the two methods of credit reporting differ in many ways.

Pre-Employment Background Screening – The Effective Way

Sue McConnachie   |     Nov 29, 2019

Pre-employment screening is the best way to ensure that you are employing the most suitable people for your company. Not only will it help improve employee morale, by effectively matching each candidate to the appropriate job, it will also improve productivity and reduce turnover.

Land Title Sub-Search - An Important Piece of a Credit Repor...

Sue McConnachie   |     Nov 15, 2019

There are many searches and sources of information utilized to comprise a current investigative report for the property manager, creditor, franchisor, or OEM. A land title sub search is one of those sources and can provide a range of pertinent information. Results can assist in confirming ownership, in what is often an individual’s primary asset.

Commercial Acquisition Due Diligence – Discover the Credit H...

Sue McConnachie   |     Oct 31, 2019

When working in real estate advisory or the commercial property investment industry, due diligence is critical to a 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.

Approve Your Commercial Prospective Tenant with a Comprehens...

Sue McConnachie   |     Sep 13, 2019

Commercial credit reports help you assess risk so you can make an informed decision. They also offer a number of benefits to businesses.

Commercial credit reports help you evaluate companies, including corporations, partnerships, and sole proprietorships, as well as individuals, such as officers, directors, business owners, prospective partners, and consumers, across a variety of industries.