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Protection by Occupation: Everyone wins - Damian Woods, Regional Manager, Camelot Property Management
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Protection by Occupation: Everyone wins - Damian Woods, Regional Manager, Camelot Property Management

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    Protection by Occupation: Everyone wins - Damian Woods, Regional Manager, Camelot Property Management Protection by Occupation: Everyone wins - Damian Woods, Regional Manager, Camelot Property Management Presentation Transcript

    • The Vacant Property Specialists
    • Camelot Live-in Guardian Solution Protecting the Property’s Value using Caretakers as “eyes & ears” of the owner.
    • Contents•Protection by Occupation Explained.•Process – Building intake and Guardian recruitment.•Legal Structure.•Examples of Properties.•Cost to Owners
    • Technical Risk• Water / Leak• Fire• Overdue maintenance• Dilapidation
    • Economic Risk • Sale-ability compromised • Planning/ Development • Depreciation
    • Social Risk• Magnet for trouble makers• Lost sense of community
    • Protection by Occupation Explained Live-in Guardians (keyworkers) who permanently occupy the premises for the time it is vacant
    • Building Intake – The Process 1. Building survey & evaluation 2. Installation of temporary facilities 3. Guardian intake 4. Building management 5. Building handback
    • Property Requirements Wind / Water tight, electricity and cold water. Change locks (non-copy keys) and Repair non-secure entrances. Install refuse containers. Install mobile shower units. Our mobile shower unit Install “Camelot Safety Pack” (fire blanket, extinguisher and smoke Camelot provides the most cost-effective price to alarm). return property to occupiable condition .
    • Protection by Occupation Explained
    • Criteria for becoming a Guardian• Process Governed by BSI 7858:2008 (Vetting).• Employed, single persons or couples.• Proof of identity (Passport, Drivers License).• Copy Utility Bill in their own name• Copy bank statement• Employers reference & Independent Character Reference No Students, No Families, No Pets
    • Guardian Recruitment • Formal Interview by Camelot Managers. • Details of license are explained to the applicant. • Bond and other fees are received. • Keys issued.For every 100 applicants less than 40 will be deemed acceptable.
    • Guardian Obligations• Amicable sharing.• Keep room & property clean and tidy.• Report any issues to Camelot on 24-hour manned emergency number.• No parties.• No overnight guests• Give 4-weeks notice when moving.
    • Current Irish Guardians• Men / Women 55% / 45%• Over the age of 25 88%• Over the age of 35 43%• 18-25 years old 12%
    • Legal Structure Owner Authorisation Agreement* Camelot Temporary Occupation Licence* Guardian* Authorisation Agreement and Temporary Occupation License constructed by Hayes Solicitors.
    • Authorisation Agreement with Owner •Signed by the Owner and Camelot •Gives Camelot permission to install Guardians. •Gives Camelot permission to enter the property. •Does not give Camelot any tenancy rights. •Sets out Camelot’s & Owner’s responsibilities. •Independent Snr. Council Opinion sought. Sean Farrell SC.
    • Temporary Occupation License•Signed by the Guardian and Camelot •Camelot gives the Guardian permission to reside. •Sets out Guardian responsibilities & restrictions. •The Guardian concedes any tenancy rights. •Clearly sets out Camelot’s responsibilities. •Independent Snr. Council Opinion sought. Sean Farrell SC.
    • Camelot Accreditations•NSAI (IS:999) 2004 - PSA Licensed.•NSAI ISO 9001 - Management Systems.•BS7984 - Security Key Holding.•BS7858: 2000 - Security Vetting.•Irish Senior Legal Opinions on Camelot Contracts
    • Office Buildings Seeking a BuyerProperty: Office & Warehouse Property: OfficeGuardians: 7 Guardians: 5Occupied Since: June 2007. Occupied Since: May 2006Owner: Receiver. Owner: Supermarket
    • Heritage PropertiesProperty: Boarding School, Rathfarnham Property: Stately Home, KinsealyGuardians: 14 Guardians: 8Occupied Since: March 2010 Occupied Since: February 2012Owner: Receiver Owner: Receiver.
    • Ghost Estates in receivershipProperty: Development, Wexford Property: Development , CavanGuardians: 4 Guardians: 2Occupied Since: January 2011. Occupied Since: October 2011Owner: Receiver Owner: Receiver
    • Hotels seeking a buyerProperty: Hotel & Complex Property: HotelGuardians: 6 Guardians: 6Occupied Since: October: 2010. Occupied Since: September 2011Owner: Receiver Owner: Receiver
    • Nursing Homes seeking a new use. Property: Nursing Home, Mayo Property: Private Hospital, Dublin Guardians: 4 Guardians: 13 Occupied Since: September 2012 Occupied Since: June 2012 Owner: Religious Order Owner: Private Owner
    • Private ResidencesProperty: Private Home Property: Private HomeGuardians: 4 Guardians: 3Occupied Since: February 2012 Occupied Since: March 2012Owner: Private Owner Owner: Private Owner
    • Religious Residential PropertiesProperty: Convent Property: Retreat CentreGuardians: 6 Guardians: 18Occupied Since: September 2012 Occupied Since: May 2012Owner: Religious Order Owner: Religious Order
    • MyCastleSecure online access to your property portfolio
    • Real time view across property portfolio
    • The Camelot Solution Effective Comprehensive Property CareEconomic EasyClear Financial Totally Flexible Benefits Protection
    • Cost break-down 1. Weekly Management fee: €40 - € 500  plus an intake fee2. Cost of making the property habitable e.g.  repairs of smashed windows  new locks  Install / remove shower cabinet and electric shower3. All outgoings of the premises.  Utility bills  Insurance
    • The Cost SavingsActual Example: Hotel in North East – Insured Value €15m.IF LEFT VACANT IF OCCUPIED BY CAMELOTInsurance Cost (part risk) € 30k pa. Insurance Cost (all risk) € 15k pa.24 Hour security € 125k pa. Make Ready Costs € 12k (one off)Decommission cost € 8k (one off) Management Costs €13k pa.Total Costs: € 163k pa. Total Costs: € 40k pa.Annual Costs: € 155k pa Annual costs: € 28k pa. Total Cost Savings: € 123k Total Annual Savings: € 127k pa.
    • Camelot Live-in Guardian Solution Questions Please Protecting the Property’s Value using Caretakers as “eyes & ears” of the owner.