When servicing your customers, there are series of activities that you must perform to ensure that you are monitoring your investments. From the beginning of the lease to termination, these activities must be well coordinated, to ensure that the transaction is managed efficiently and effectively in line with the agreements reached between the parties.
i. Regular visit to the lessee – regular visit to lessee at his premises will give you first hand information on the ongoing performance of the lessee as well as being an anti-fraud measure.
ii. Review of rental payment pattern– frequency of arrears can trigger concern about shortage of cash for the lessee.
iii. Sector monitoring – ongoing monitoring of the sector in which the lessee operates, is valuable in identifying potential problems.
iv. Review of audited accounts – audited accounts are objective source of information on the lessee’s progress.
v. Press comments– regular checks of the press, can be a major source of tracking the lessee’s own performance and also that of the industry in which he operates.
Based on the above, we kindly recommend that you maximise the opportunity of the ELAN initiative “Ask ELAN” to get a one-on-one solution approach on this area or any other area of interest to you, that would lead to better organisational performance in leasing. Would you want to visit us or we visit you? Kindly contact us on 08023176691, info@elannigeria.org