Reducing Tenant Risk During Uncertain Times: Download This Property Management eBook & Find Out How

Reducing Tenant Risk During Uncertain Times: Download This P...

Sue McConnachie   |     Nov 09, 2020

Due to uncertainty relating to the duration and severity of the COVID-19 pandemic, it is not
possible to estimate the future impact of the pandemic. During these unprecedented times, comes
the issue of your current or future tenants’ short term or long-term ability to meet rent obligations, leading
to important decisions you will now have to make. All property investments are subject to a degree
of risk and uncertainty. The tenant qualification strategy you use to replace vacated tenants,
deal with lease roll-overs and pre-leasing development space can significantly reduce tenant
risk.

INCREASED TENANT RISK DUE TO ECONOMIC INSTABILITY IN THE WAK...

Sue McConnachie   |     Sep 21, 2020

Prospective Tenants – Ensure you Have the Best Possible Risk Screening

Do you have all the information you need for negotiations with your potential tenant?

The financial implications of having a tenant default on a lease can be severe and often a simple database “snap-shot” only reveals a part of the prospective tenant’s financial story.

During these uncertain times, when it's becoming increasingly important to do a thorough background check on tenants, our team at Quality Credit Reporting provides the tools you need to protect your business and make informed decisions about prospective tenants.

Best Practices for Selecting Secure Franchisees During an Un...

Sue McConnachie   |     Sep 11, 2020

Selecting the right candidates to represent your brand is critical to your operation’s ongoing success. These franchisees will be the face of your company and you need to trust that they will maintain your brand image.

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.