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Successful Income Focused Property Acquisitions – Assess the...

Sue McConnachie   |     Oct 28, 2022

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. 

Identify Your Delinquent Tenant’s Assets and Liabilities

Sue McConnachie   |     Sep 16, 2022

Begin the debt recovery process - identify your delinquent tenant's assets and liabilities. 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 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 a minimal probability of recovering the debt, why incur the costs of a suit? The QCS “Asset Accumulation Report” is designed specifically with your skipped and delinquent tenants in mind. It is the most comprehensive report offered in today’s market and has been successful in assisting the property management industry in making decisions regarding the next course of action.

The “Asset Accumulation Report” will identify assets and liabilities and locate the tenant for service purposes. This report will help make decisions at different stages, from the time the tenant first falls into arrears to the time the tenant makes the midnight move. The report assists the landlord when dealing with a rent abatement situation or considering terminating a tenant's lease for unpaid rent. To take legal action or not?
 
This complimentary guide presents the information you receive in our Asset Accumulation Report.  We explain the relevance of the information included, how to interpret the data, and we offer insight into sections that can be especially helpful in making informed decisions. 
 
In this eBook, you will:  

Be Prepared With Our Guide to Franchisee Financial Screening...

Sue McConnachie   |     Aug 26, 2022

As a Franchisor, you want to make the best possible decision when evaluating a prospective franchisee in order to reduce risk and increase success. We can help with that!

This complimentary guide presents the information you receive in our Comprehensive Franchisee Screening Report. We explain the relevance of the information included, how to interpret the data, and we offer insight into sections that can be especially helpful in making an informed decision.

Insight into QCR’s Comprehensive Tenant Credit Reports

Sue McConnachie   |     Aug 23, 2022

As a Property Manager or owner, you want to make the best possible decision when evaluating a prospective tenant in order to reduce risk and increase success. QCR has been North America’s preferred Commercial Credit Reporting Agency specializing in the Property Management Industry for almost 3 decades. We developed an investigative approach to reporting, concentrating on providing the industry with a report that combines current, up-to-date and historical information.

This complimentary guide presents the information you receive in our 
Comprehensive Tenant Report. We explain the relevance of the information included, and how to interpret the data, and we offer insight into sections that can be especially helpful in making an informed decision.

Can You Recover Unpaid Rent from the Pandemic’s Skipped and ...

Sue McConnachie   |     Feb 23, 2022

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?

Download Your Guide to The Asset Report for Skipped & Delinq...

Sue McConnachie   |     Dec 14, 2021

We’re pleased to share with you a new ebook, “Your Guide to the Asset Accumulation Report for Skipped and Delinquent Tenants”, providing an overview of the 26 sections contained in our Asset Report.

Tenant Renewal – Be Aware of Changes in Your Tenant’s Financ...

Sue McConnachie   |     Oct 18, 2021

A change in corporate status, increased debt, defaulting with the Canada Revenue Agency and creditors, decreased liquidity, delinquent activity, a change in the corporate name or in the jurisdiction in which your tenant can do business - these are just some of the many changes that could occur from the time your tenant signed their original lease to the time they sign their renewal.

Being unaware of these changes could be detrimental to your continued success in property management.

That is why you need to treat each renewal tenant as you would a prospective tenant, screening them prior to renewing.

Approving the Tenant, Assignee or Subtenant in Todays Sublea...

Sue McConnachie   |     Sep 13, 2021

It is difficult to assess the full impact on the commercial market, created by the Covid-19 interruption. However, it is predictable that there will be substantial increases for subleasing and assignments, particularly in the office market. With the spread of Covid-19, brought the shift to work from home, leading certain departments to operate remotely with productivity success. Tenants are now exploring downsizing current space through assignments and sublets.

What is the Value of the Existing Tenant Base for Income Foc...

Sue McConnachie   |     Jun 16, 2021

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

RECOURSE FOR TENANT DELINQUENCY AND BANKRUPTCY IN COMMERCIAL...

Sue McConnachie   |     Feb 05, 2021

Covid-19 is having a devasting impact on the global economy.  It raises significant implications for commercial landlords and their tenants facing the crisis.  The landlord is placed in a precarious situation during these times and is encouraged to improve their lease negotiations to protect their rights. There are several measures to help with protection, including comprehensive credit reporting, ensuring a guarantee or indemnity and requesting letters of credit and larger security deposits. These measures can assist should a tenant become delinquent or bankrupt. 

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

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