<img height="1" width="1" style="display:none;" alt="" src="https://dc.ads.linkedin.com/collect/?pid=121315&amp;fmt=gif">

Dealing with rent abatement requests?

Learn More
Get Started Customer Support

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?

What to do About Your Skipped and Delinquent Tenants

Sue McConnachie   |     Apr 13, 2020

During this un-precedented COVID-19 crisis, the number 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 the delinquent tenant. 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?

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. 

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. 

Acquisition Due Diligence on Existing Tenants for Commercial...

Sue McConnachie   |     Dec 01, 2017

Investing in real estate is an excellent way to diversify your portfolio but it can also be very complex.

Acquiring a property already being leased by existing tenants can make it even more complex. To effectively assess risks and the likelihood that your income stream will continue, we recommend our Acquisition Due Diligence Report.

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.

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

    Subscribe to Our Blog