As you would be aware, it has been some time since there has been an increase in the cost of subscription to the Barclay Protect & Collect Plan of $55.00.
As most would be aware over those years there have been substantial rises in costs – particularly in the area of debt collection. Court filing fees have increased, Bailiff and Sheriff fess have increased and not to mention associated costs such as postage, telephone, travel and the like.
All of these costs associated with the debt collection process are absorbed by us as part of the service provided with the annual subscription.
With another round of increases about to be imposed upon us by the various State Governments, we have had to review our subscription cost.
This increased subscription will not apply to any properties that are to be renewed throughout 2017, however the increased subscription will therefore apply to those properties from their respective renewal date in 2018.
For any new properties subscribed from 1 January 2017, the subscription fee will be $66.00, and if applicable a pro rata charge will apply.
For those landlords who elect to avail themselves of the ‘free subscription’, they will receive the free subscription until your next renewal date, at which time they will be invoiced $66.00 for the following years subscription.
For example, Really Great Real Estate has a common renewal date of 1 September. It requests ‘free subscription’ for a landlord in February 2017. Really Great Real Estate will receive their renewal invoices for September 2017 based on $55.00 for existing properties already subscribed since September 2016. The landlord who obtained free subscription will receive an invoice for $66.00 payable on 1 September 2017.
On 1 September 2018, Really Great Real Estate will receive invoices for all properties subscribed at the rate of $66.00 per property.
If you have comment or feedback, we would be more than pleased to hear from you.
In the meantime, we look forward to working with you.