The Benefits of Enhanced Screening For Dealership Operators

The Benefits of Enhanced Screening For Dealership Operators

Sue McConnachie   |     Apr 29, 2017

Whether you are in the software, automotive or equipment industry, a key component to ensuring the success of your dealership is selecting the best team of operators to represent your brand.

Dealing with Your Delinquent Tenant

Sue McConnachie   |     Apr 24, 2017

Being a property manager/owner comes with the potential for serious risk, liability and consequences at a time when the scales of justice seem to be tipped in favor of the tenants, even if the tenant is delinquent.

Why You Need to Reassess Your Commercial Tenant Before a Ren...

Sue McConnachie   |     Mar 24, 2017

For most property managers, it takes a lot of time and resources to find the perfect tenant for your commercial space - prepping the property, generating ads, showing the space, reviewing applications and verifying the information you have received. It is no surprise then, that once you have found that right tenant, you are ready to settle in for the long-haul.  

But, what do you do when the lease is up and it is time for a renewal?

While many property managers would happily renew a lease, especially if the tenant is well-behaved, pays their rent on time, and causes little to no problems, this may not the best decision.

Effective Due Diligence for Commercial Leases

Sue McConnachie   |     Mar 07, 2017

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

In fact, selecting the right tenant for your commercial rental property can:

• Increase cash flow and property value
• Improve the buildings reputation and attract higher quality tenants and businesses
• Minimize risk of income loss due to frequent turnover
• Decrease risk of damage, fraud, or theft
• Drive down number of rent concessions, lease modifications/ terminations, subleases and assignments
• Reduce the number of defaults, evictions and midnight moves
• Minimize exposure to legal claims by or against delinquent tenants

The Benefits of Tenant Screening for Commercial Property Lea...

Sue McConnachie   |     Feb 03, 2017

Commercial property management is a risky industry which is why it is so important to take every step possible to mitigate potential risks.

One of the best ways to do this is to review your tenants thoroughly before they sign a lease. Doing so can help you identify:

Why You Need Business to Business Credit Reporting

Sue McConnachie   |     Jan 27, 2017

We would never lend a large sum of money to someone without first determining whether they would be able to pay us back, yet on a regular basis we extend credit, directly or indirectly, to our many business partners.

When we offer clients terms that set the payment date after delivery of goods, when we pay a manufacturer, in advance, to deliver on a finished product or when we enter into a joint venture, believing that the other party will perform as promised, we are extending credit and putting our companies at risk.

That is why it is so important for companies, no matter the size, to obtain a credit report before entering into any business relationship.