4 Questions to Ask Yourself Before Taking Legal Action Against Delinquent Tenants

4 Questions to Ask Yourself Before Taking Legal Action Again...

Sue McConnachie   |     Jun 26, 2018

As a property manager, chances are you have dealt with late rental payments and delinquent tenants. While every property manager has their own approach for dealing with these scenarios, ensuring you apply the right solution for each situation will make certain that you walk away with the least amount of damage possible.

In some cases, property managers are too lenient and in others they are too rigid. The key is staying focused on the balance between reasonability and returns. 

Why You Should Choose QCR for Accurate and Timely OEM Dealer...

Sue McConnachie   |     Jun 06, 2018

Your candidate may appear to be ideal during the initial review process, but there could be information that your prospective dealer or operator may not be disclosing - increasing your risks.

Enhanced Franchisee Screening is a Strategy for Successful C...

Sue McConnachie   |     May 22, 2018

“Franchising is also an established business model: the majority (62 per cent) of franchises are established brands that have been operating in Canada for at least 11 years, and 30 percent of franchises have been operating for more than 25 years. Franchisees also have a record of success, with 50 per cent of franchisees having a tenure of more than 10 years with the same franchise brand.” Canadian Franchise Association’s Advocacy Survey, 2017. 

Checklist For Effective Due Diligence of Commercial Leases

Sue McConnachie   |     May 08, 2018

Commercial leasing is risky business but ensuring you choose the right tenant, at the outset, can dramatically decrease the risk.

3 Steps to Better Results from your Commercial Credit Report

Sue McConnachie   |     Apr 30, 2018

There are few things as important as getting a background check on potential business partners before you begin working with them, whether they are customers, suppliers, employees, franchisees, or tenants. Doing so offers several benefits, including improved risk management and increased profits.

5 Ways Enhanced Tenant Screening Can Help Property Managers

Sue McConnachie   |     Mar 28, 2018

Success in leasing out commercial real estate depends greatly on the companies that you rent your properties to.

While many businesses look good on paper and can satisfactorily answer your questions during the application process, there is often hidden information which could have a negative impact on your business and your property.  

Perhaps your prospect has a bad history of not paying bills on time and is in arrears with creditors or maybe limited cash flow makes them unable to meet obligations. In some cases, they may even be going about business in a way that could damage the reputation of your building, lowering its value and minimizing your future profits.

Reduce Property Management Risks with Tenant Due Diligence

Sue McConnachie   |     Feb 14, 2018

The financial strength of your property management firm, for example cash flow from leases, largely depends on your tenants and the relationships that you build with them. By understanding who your ideal tenant is, and ensuring that you select the best tenants possible, you can reduce risk and improve your company’s bottom line.  

Automotive Record Growth Means More Dealer/Franchise Opportu...

Sue McConnachie   |     Jan 29, 2018

According to the National Automotive Dealer’s Association (NADA), a record 17.5 million new vehicles were purchased by customers through 16,708 authorized dealerships in 2016. In Canada, new vehicle sales reached record numbers for the fifth consecutive year in 2017, and Canada saw its first 2 million vehicle year.

These numbers are staggering and demonstrate the health, and growth potential, of the automotive sector in North America.

“The auto sector is experiencing immense growth, as evidenced by dealer revenues exceeding $120 billion last year alone,” said John white, President and Chief Executive Office of CADA (Canadian Automotive Dealer’s Association).

5 Steps to Completing a Prospective Tenant Credit Applicatio...

Sue McConnachie   |     Jan 20, 2018

When having a prospective tenant complete a credit application, it is important that they take the time to complete it in full.

Verifying a potential lessee’s background information can take time. You must contact the bank, wait for bank ratings to process, reach out to references and uncover additional details that could be informative.

Importance Of A Prospective Franchisee Financial Screening R...

Sue McConnachie   |     Dec 12, 2017

Franchising is becoming a big part of Canada’s small business environment. Many entrepreneurs are either buying a franchise or franchising their own ideas or businesses. There are many advantages of being a franchisee, and perhaps the biggest one would be working in a business that already has a recognized brand.

 It is estimated by the Canadian Franchise Association that the Canadian franchise industry generates approximately $68 billion every year, and this industry will keep growing. When deciding to franchise your business, it is important to know that you need to protect your brand at all times. Finding the right franchisee is more difficult than you think, and when picking the right candidate, it is crucial to always think of protecting and developing good will for your brand.