Available Office Space is Giving Tenants an Upper Hand
Office space vacancies are at their highest point in Canada, in many years. Tenants have had to make decisions regarding what to do with their office space during and following the pandemic.
Understanding Comprehensive Prospective Tenant Reporting
Sue McConnachie | Feb 12, 2024
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 over 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 Rents For Last Year’s Skipped and Del...
Sue McConnachie | Jan 30, 2024
During recent economic challenges and uncertainty, 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?
Mitigate Risk – Review our Guide to Franchisee Financial Scr...
Sue McConnachie | Feb 28, 2023
| 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! |
Property Management Resources to Mitigate Risk
Sue McConnachie | Dec 20, 2022
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.
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:
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.
