August 2009 Winners! Winners Brock Harcourts Quarterly Awards The Adelaide Metro Property Management team performed extremely well at the recent Brock Harcourts quarterly awards, taking away two awards. Held at the National Wine Centre at the end of July, the Brock Awards focus on achievement within the company with agents from across the state attending. Brock Harcourts Quarterly Awards AMPM took home the Business and Development Award for a Property Management Office, as September Rewards we achieved the largest net gain Shari Wallent, State Operations Manager of listings in the second quarter Management from the head office, Property Manage presents Adam Blight with the Business Investment Corner of this year. and Development Award We were also awarded the Top A great night was had by all and Terri Scheer: Improved Insurance cover for all landlords Referring Property Management has further committed our team Office by Connect Now. to providing excellent customer service to our clients. Ellen's Insights: All Blocked Up Watch out REISA Awards! Team Member of the Month: Rebecca Zacharia Recently Rewards SeptemberLeased Properties Do you have other investment properties we can manage for you? Consolidate them all under our management for consistency as well as other benefits. Perhaps you know someone with an investment Property? Adelaide Metro Property Management If so, please contact David Atherton, Senior Property Manager on Phone: 08 8269 1833 firstname.lastname@example.org. 0423 840 520 or email@example.com Fax: 08 8269 7903 Email: firstname.lastname@example.org will As a token of our appreciation, you w receive a $150 Coles/Myer Gift Voucher for all referrals leading to a signed management for the 55 North East Road, Collinswood SA 5081 month of September 2009! www.ampmadelaide.com.au . Investment Corner Oaklands Park Aldinga Beach $335,000 18 Masters Avenue 8 Basin Street Opportunity Knocks! Very Affordable & Very Appealing Boasting 3 bdrs, main with BIR, large eat-in kitchen Quality ex-display home offering 3 good sized bdrms, with pantry, large lounge/dine area, bthrm with sep master ens. & wir. Open plan living. Superbly shower and vanity and sep laundry. Extras incl ducted appointed kitchen-mod app. Plenty of features t/out. evap clng, gas htng, rear c/yard, lge c/port. Ideal for R/c a/c & dble gge, on est. low maint allot. Situated in 1st Home Buyers, Renvoators or Investors. Sunday Estate. Vendors prepare to rent back! Greg Blight 0418 834 525 Julie Stanley 0421 998 955 Brahma Lodge Adelaide $399,000 - $425,000 82 The Strand 12/9 Ebenezer Place Great Opportunity for investors! 5% Real Return @ $450pw Sensational 4 bedroom (3 with BIRs) family home. Minutes to vibrant East End amenities and Ducted r/c a/c, undercover parking for up to 4 cars lifestyle this 2 bedroom, 1 bathroom and 2 plus garage/workshop. Outdoor entertaining with balcony beauty is a rare find. Secure carpark, wood oven. Huge block of approx 720sqm subdivision (STCC). May prove to be a good return!!! fully furnished and secure entry. Karen Green 0415 122 108 Alexander Ouwens 0438 422 975 Netherby Netherby $590,000 - $630,000 $335,000 27 Finlayson Street 3/36 Montrose Avenue Neat 4 bedroom family home Opportunity Adj Springfield Set on 843sqm of land in a tranquil location This spacious unit offers a large sitting room, this home also features living room, 2 bedrooms plus an eat-in kitchen, dining/family room. Ideal first home, rental or bathroom, separate laundry. Also carport build your new home! under main roof & private garden. Sue Windebank 0411 590 956 Sue Windebank 0411 590 956 Landlord insurance has been available for over 15 years now, so it’s surprising to see that that the majority of landlords are prepared to risk significant financial loss by either not having, or having inadequate insurance on their rental property – arguably one of their most valuable assets. At Terri Scheer we pride ourselves in being a market leader for Landlord insurance throughout Australia and are Insurance. provid the only company who solely specialise in Landlord Insurance We not only provide cover to our existing customers, but also like to educate all landlords on the potential risks they face as owners of residential rental properties. Our signature product, the Landlord Preferred Policy, which offers protection against loss of rent, damage to contents, liability claims and tenant damage, has just been improved even more. In response to customer pleased feedback and our own market research, we are extremely pleased to be able to provide a broader cover to our customers in the following areas: Excesses for accidental and malicious damage have been reduced from $350 to $250, Contents cover has been increased from $45,000 to $60,000, over A new ‘deliberate damage’ cover has been included, We will now cover for change of locks following an eviction (provided this was ordered by the bailiff), Cover for contents in the ‘open air’ has been increased from $1000 to $1500. Because part of our commitment in providing insurance options for landlords includes ongoing education, we thought it may be useful to provide some recent claim statistics to demonstrate the real risks landlords face on a daily basis: 2008– The average cost of a claim in SA has risen to $2,210 in 2008 that’s an increase of $804 or 57% since 2006. A loss of $2,210 is something that would place undue financial stress on many landlords. A 20% jump in weekly rents and rising repair costs has contributed strongly past 3 years. to the rise in average claim cost over the p The number of malicious and accidental damage claims has noticeably increased from 101 in 2006 to 167 in 2008 – that’s a rise of 65%. On average, rent loss, accidental damage and malicious damage claims the have made up 82% of all claims for t past 3 years. These are the losses and we find landlords will most likely encounter a why we continue to have a $0 excess on loss of rent claims, and why we have reduced the malicious and accidental damage excesses to $250. ions Rent claims arising from evictions have on average, accounted for 37% of all rent claims since 2006. The need to engage a bailiff and therefore change locks (which we now cover) is very real. Rent loss associated with a property becoming untenantable (due to an insured event) is something many people don’t think about, yet will cost you almost double that of an average absconding tenant rent loss claim. This cover will protect your rental income while your property is returned to a liveable condition and is included as standard in our LLandlord Preferred Policy. For further information on the policies Terri Scheer can provide you, contact their office on 1800 804 016 or visit their website www.terrischeer.com.au. Alternatively, as Brock Harcourts are a distributor of Terri Scheer, we can arrange a policy for you. 24/08/09 Landlords should consider the Product Disclosure Statement and Policy Wording. Article provided by Terri Scheer Insurance 24/ Ellen's Insights: All Blocked Up Blocked drains are generally considered to be an urgent problem, particularly if it’s the toilet that is blocked. There are many causes of blocked drains, some relating to the age or position of the pipes, others which may be related to misuse by a tenant. An Adelaide plumbing company says that tree roots are the most common cause of blocked drains in Australia. Condensation that forms on the outside of sewer and stormwater pipes attracts tree roots, especially in the hot months of summer when less water is available for thirsty trees. Over time the tree roots burst through into sewer and stormwater pipes. As the roots infiltrate the pipes they will catch debris and cause a blocked drain. Tree roots are often worse for drain pipes than a simple blockage. Even when the roots causing the blocked drain have been cleared by a plumber, the pipes will remain damaged where the tree roots broke through. The water that leaks out will attract further tree roots which may then enter the drain, eventually causing it to block again. When a pipe is penetrated by tree roots it also often creates a ‘lip’ that serves to catch material flushed down the drain, making it easier for the drain to become blocked. Pipes that have been badly damaged in this manner may require excavation and replacement. Keep in mind that the root systems of some trees may extend out as far as the tree is tall. Those of you with properties in suburbs with well established trees along footpaths or median strips may find that the drains are blocked by trees in council areas. If this is the case, the council may arrange for a plumber to clear the drains at no cost to you. You will still be liable for the cost of your plumber attending to diagnose. This is done on a case by case basis and some councils do not offer this service. Tenants may contribute to blockages by disposing of inappropriate items down drains. If we suspect that this is the case we will ask the plumber to ascertain what may have caused the blockage so that we can charge the tenant for all or a portion of the plumbing account. Rebecca Zacharia – Assistant Property Manager Rebecca has always had a strong interest in the real estate industry and knew it was the only career path she wanted to pursue. Within her first year in Property Management Rebecca successfully completed Certificate IV in Property and is now flourishing in her role as Assistant Property Manager in the Eastern Portfolio. Rebecca strongly believes the ability to provide a high level of customer service to both landlords and tenants is the most rewarding aspect of Property Management. Congratulations to Rebecca who is our Team Member of the Month.
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