What to do About Your Skipped and Delinquent Tenants

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?

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.

How to Reduce Your Tenant Risk? Download This eBook for Prop...

Sue McConnachie   |     Jan 22, 2020

The current real estate market has brought more people and businesses into the property management sector to take advantage of the up-side of the investment. But like all investments, you need to be prepared and ready to mitigate any risks, liabilities, and consequences.

One of the best ways to mitigate these risks and protect your investment is to ensure you have chosen the best tenant for your listing at the outset, using an in-depth commercial credit report.

Land Title Sub-Search - An Important Piece of a Credit Repor...

Sue McConnachie   |     Nov 15, 2019

There are many searches and sources of information utilized to comprise a current investigative report for the property manager, creditor, franchisor, or OEM. A land title sub search is one of those sources and can provide a range of pertinent information. Results can assist in confirming ownership, in what is often an individual’s primary asset.

Commercial Acquisition Due Diligence – Discover the Credit H...

Sue McConnachie   |     Oct 31, 2019

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.

Go one step further. Look beyond the past performance of the existing tenants, as it is not always a reliable indicator of future performance.

Assessment of Risk at Renewal - Be Aware of Changes in Your ...

Sue McConnachie   |     Oct 01, 2019

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.

How Can Property Managers Benefit By Using In-Depth Credit R...

Sue McConnachie   |     Jul 16, 2019

All areas of commercial property management can be exposed to risk. To mitigate these risks, it is important to take advantage of all the tools available to you whenever possible. 

Who Are the Tenants You Are Inheriting with Your Income Focu...

Sue McConnachie   |     May 17, 2019

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. 

Personal Property Lien Registry - An Important Piece of the ...

Sue McConnachie   |     Apr 12, 2019

There are many searches and sources of information utilized to comprise a current investigative report for the property manager, creditor, franchisor, or OEM. The Personal Property Lien Registry is one of those sources and can provide a wide range of pertinent information. It is important to remember that the information gathered from this source is not always considered negative, as liens can also be registered in the normal course of business.

5 Ways to Steer Clear of a Potentially Bad Commercial Tenant

Sue McConnachie   |     Mar 22, 2019

Commercial leasing discloses a potential hazard of risk and liability. Ensuring you choose the right tenant, at the outset, can dramatically decrease the risk and minimize exposure to arrears, defaults, rent concessions, evictions, legal claims, theft and more.