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SA Adelaide Property Network

Discussion in 'Networking & Meetups' started by Xenia, 7th Mar, 2016.

  1. Xenia

    Xenia Adelaide Property Manager Business Member

    Joined:
    21st Jun, 2015
    Posts:
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    Location:
    4/136 The Parade Norwood, South Australia
    Hello Adelaide Investors and any visitors present on the day.

    The Adelaide Property Network is a combination of guest speakers on Adelaide property and investing followed by a meet and greet networking session including light meals.

    The meetings are on the last Tuesday of each month and normally held at the Robin Hood Hotel, 315 Portrush Rd Norwood at 6:30pm.

    Topics of discussion for the next 3 months are:

    March 29 - How to maximise the performance of your investment property through effective property management. I will be speaking on that topic as a senior property manager.

    April 26 - Landlords Insurance, Brett Leonard from Property Insurance Plus will be taking that session - how to ensure the income and your property remain protected.

    May 31 - Depreciation and tax - we will have a depreciation specialist and accountant speaking about getting those extra benefits that we don't invest for but can claim later as an added bonus.

    We also have experts on building inspections, understanding the property market, suburban infill, development feasibility.

    Lots of knowledge to be gained both by networking with other investors and industry experts.
    Cost is $20 to cover meals and venue hire.

    If you are an industry expert and would like to speak at these events please contact me (strictly information only).

    Register online here: Adelaide Property Network

    Or contact me - details below

    Looking forward to seeing you there.

    X
     
  2. Xenia

    Xenia Adelaide Property Manager Business Member

    Joined:
    21st Jun, 2015
    Posts:
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    Location:
    4/136 The Parade Norwood, South Australia
    Hi guys, everyone is welcome to join us at Adelaide Property Network this Tuesday 29th March at 6:30 pm. We have an awesome group of investors attending these events, most are multi-property investors, lots of great discussions, networking and food. The topic of discussion for this Tuesday is effective property management. Contact me or register here:
    Adelaide Property Network
    See you soon X
     
  3. AndyAdelaide

    AndyAdelaide Member

    Joined:
    26th Mar, 2016
    Posts:
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    Location:
    Adelaide
    Hi Xenia

    I missed the meetup last week and saw the message you sent me about this meetup. I went to the link and it asked for a $20 fee to attend, just checking this is correct for forum members or just general public? Would really like to go and learn more as I plan to buy in the next month or two and will need a property manager.


    Cheers
    Andy Sharp
     
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  4. Xenia

    Xenia Adelaide Property Manager Business Member

    Joined:
    21st Jun, 2015
    Posts:
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    Location:
    4/136 The Parade Norwood, South Australia
    Hi Andy, anyone from this forum is welcome to come along as my guest. I will cover the $20 fee.

    Looking forward to seeing you at the next one April 26. The discussion will be landlords insurance and we will have a guest speaker from a specialist insurance company covering recent South Australian trends in landlord insurance claims, policy benefits for landlord and building insurance and landlord insurance for investors and any questions people have on the day.

    I have a lot of experience in property management but I know I learn something from these industry speakers every single time.

    Details are:
    Date 26th April 2016
    Time - starts at 6:30 pm, the presentation from the guest speaker is about 30-45 minutes
    Networking - food, getting to know people - the rest of the night.
    Venue: The Robin Hood Hotel, 315 Portrush rd Norwood.

    Looking forward to seeing you there.

    Xenia
     
  5. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    14th Jun, 2015
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    Location:
    Sydney & Adelaide
    Wonderful news Xenia, very kind of you.

    DT, Nemo30, Waldo, Corey and I would love to come along!
     
    Last edited: 20th Apr, 2016
  6. jim1964

    jim1964 Well-Known Member Premium Member

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    Location:
    At tha beach
    I got a invite.Yous probably have it in the snail mail.:)
     
  7. Xenia

    Xenia Adelaide Property Manager Business Member

    Joined:
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    Location:
    4/136 The Parade Norwood, South Australia
    Awesome guys
    see you there.

    I'm noticing an upward trend in insurance claims so it would be interesting to see some real stats presented by one of the landlord insurance specialist.

    For anyone who can't make it, I plan to have the presentation recorded but obviously need to get permission from the speaker on the night.
    X
     
  8. AndyAdelaide

    AndyAdelaide Member

    Joined:
    26th Mar, 2016
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    Location:
    Adelaide
    Hi there Xenia I got your message thanks I will try to come along to your meetup group.

    Jim1964 I love your dog its just like mine!!
     
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  9. Xenia

    Xenia Adelaide Property Manager Business Member

    Joined:
    21st Jun, 2015
    Posts:
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    Location:
    4/136 The Parade Norwood, South Australia
    See you tomorrow night guys
    6:30 pm at Robin Hood Hotel - 315 Portrush rd Norwood

    Topic of discussion is Landlord insurance. The trends, the claims, recent stats, where it's all heading.

    There has been an increased amount of claims in recent years as there has been an increased amount of rent defaults in rental properties. The chances of tenants smashing a property with a sledge hammer, as you see sometimes on the news is minimal. I have seen ZERO of those in the last 11 years (except for one siege where a house on our rent roll was damaged last year).

    The chances of a tenant defaulting in rent, even when their previous rental histories were OK, is about 3% but that is my stats, it would be interesting to see what the landlord insurance specialists have to say.
     
  10. Xenia

    Xenia Adelaide Property Manager Business Member

    Joined:
    21st Jun, 2015
    Posts:
    2,346
    Location:
    4/136 The Parade Norwood, South Australia
    Some interesting facts from today's meeting for those who were not able to make it.

    Rent claims have increased dramatically over the past few years.

    South Australia has the highest number of claims for rent default and obsconding tenants. 70% claim rate vs 38% for Melbourne. This is correlated to a higher unimployment and job loss rates for SA.

    Insurance companies are feeling the pinch and putting it back on property managers to do the right thing. Serve legal notices on time, mitigate losses by advertising and holding regular inspections when properties are vacant and a claim pending. Screening tenants adequately etc...

    Property managers can cause claims to be rejected and insurance companies have already un- partnered with some PMs - won't insure properties under their management. This is only one step insurance companies are taking to mitigate their increasing losses due to growing claims.

    Damage claims, pet claims etc is about 3%.

    As a landlord, obsconding and defaulting tenants is your biggest risk, not pets or damage to properties.

    Losses can be mitigated by excellent property management and specialist landlord insurance.

    Thank you to those who showed up.
    I wasn't able to record it due to privacy issues, but the speaker on landlords insurance is happy to make the slides available to anyone who emails me.

    Next one - May 31st, we have 2 speakers on tax and depreciation.