If you are the property manager or landlord of a commercial property, you know how important it is to know who you are renting to. Whether you are an individual landlord, a management company, corporation or a startup business, it is necessary to conduct a thorough commercial tenant screening background check to determine the background and reputation of the company will be leasing your space too, especially given the difficulty of the eviction and collections process. In today’s business environment, the trend is toward more small, specialized manufacturing and in retail, everything is either food or services as Amazon changes that space permanently. All of these trends point toward more space being leased by smaller companies and a personal guarantee is likely your best move. But remember, the personal guarantee is only as good as the guarantor. Conducting due diligence on the guarantor is the only way to reduce your exposure and avoid 10,000 headaches and significant loses.
At Advanced Surveillance Group, Inc. we take a focused and professional approach to commercial tenant screenings for a diverse clientele of landlords and property management companies. One often encountered problem that commercial landlord encounter is a tenant who is able to pay their rent, but operates multiple undisclosed businesses out of this location, including some that provide services that are offensive or distasteful to other tenants and visitors.
It is important to know that the best practice in tenant screening is to obtain information about a potential tenant from direct source data, which is the only type of data used at ASG. Each commercial tenant screening investigation can be tailored to meet our client’s specific needs, including obtaining background information on businesses, their owners or individuals who will be operating within your facility. Many of our existing clients are particularly interested in the credit history and reference interviews provided within our reports. Often times, these searches alone can provide vital information on whether to grant the application to rent or move on to another candidate.
There is no question that in this age of fly by night tenants and rampant credit destruction, this type of tenant screening should be standard for anyone who is entering an agreement to rent space out as a source of income; it is your property and assets that are on the line.
Call us today to learn more about ways that we can reduce your risk in a meaningful way and do so quickly and affordably.