QCAT process

Discussion in 'Property Management' started by hash_investor, 19th Dec, 2016.

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  1. hash_investor

    hash_investor Well-Known Member

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    Hello all,

    So I am back in business after the old tenant broke the lease and new tenant moved in. The next step is to make a claim to my insurance (Terry Sheer) and for that I will have to go through the QCAT process first. The contract with PM says they will charge me $55 p/h for preparation and attendance.

    The place was vacant for about 6 weeks but Terry sheer will probably pay me 4 weeks max? Do you think its worth chasing the PM to make the QCAT claim so I can get that money from insurance?

    Anyone with better understanding of QCAT and Terry Sheer please enlighten me.

    Cheers,
     
    hash_investor, 19th Dec, 2016
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  2. D.T.

    D.T. Specialist Property Manager Business Member

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    Why weren't they doing this during the break lease process?
     
    D.T., 19th Dec, 2016
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  3. hash_investor

    hash_investor Well-Known Member

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    Because you cannot make a claim to the insurance or ask the outgoing tenant to pay their dues until the property has been re-let, that is what I have been advised.
     
    hash_investor, 19th Dec, 2016
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  4. D.T.

    D.T. Specialist Property Manager Business Member

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    Yep of course, but ya know its following so you start building it as you go. Then as soon as you can all ya need to do is submit it.

    I've had EBM willing to pay me lost rent into the future in a similar scenario - they said "we can pay you $X up til todays date, then the remaining at X date if you haven't found a tenant by then or alternatively we can just pay it all at X date."
     
    D.T., 19th Dec, 2016
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  5. wylie

    wylie Moderator Staff Member

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    If you are paying the PM $55 per hour to prepare and attend, have they given you an idea of how many hours you may be paying? Surely they have an idea of this?

    Then you need to look at how much the weekly rent is, how much you are likely to get back and what it will cost you in PM fees to get it back.

    Is there an excess for the claim?
     
    wylie, 19th Dec, 2016
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  6. hash_investor

    hash_investor Well-Known Member

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    There is no excess for loss of rent claim.
     
    hash_investor, 19th Dec, 2016
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  7. wylie

    wylie Moderator Staff Member

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    Ok. Then I'd be asking for an idea of how many hours @ $55 the agent thinks is involved, find out if the insurer limits the rent loss to four weeks and then do the math.
     
    wylie, 19th Dec, 2016
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  8. hash_investor

    hash_investor Well-Known Member

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    So it turns out that I don't need to go through QCAT before lodging a claim with TS. Bad advice / communication by PM as always has been and wrong advice by the TS call center lady too. But my friends at MyPropertyPro are always there for help with the right advice.

    I have lodged the claim and the PM (very shamelessly) has provided the documentation to TS as well. Fingers crossed now...
     
    hash_investor, 29th Dec, 2016
    #8
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