March 2024

You are browsing the site archives for March 2024.

Contributed By: Jane Garcia on

Today we are talking about an essential aspect of managing your management rights business: Top-ups. Today we are going to hear from Mike O’Farrell from MLR Services who is going to share his top tips on how to streamline the Top-Up process and maximise your success. Meet Mike O’ Farrell Mike O’Farrell 193 708 After joining the management and letting rights industry in 1991, Mike has been actively involved in body corporate’s for many years. He understands the complexities of shared occupancy and has seen disputes between residents, contractors and bodies corporate escalate into financially disastrous situations. Mike established MLR Services to help residents,Read More →

Contributed By: REIQ on

The Real Estate Institute of Queensland (REIQ) has warned the Residential Tenancies and Rooming Accommodation and Other Legislation Amendment Bill 2024 (the Bill) introduced today, contains some extreme, unnecessary, and impractical reforms. REIQ CEO Antonia Mercorella said it was disappointing to see legislative change being touted as the solution to the rental crisis when there is universal agreement that we need to encourage new supply. She said the most alarming reforms in the Bill relate to: ·     The proposal to attach rent increase limits to the property rather than the tenancy agreement; and ·     A tenant’s right to ask for structural changes to a property and an owner beingRead More →

Contributed By: REIQ on

The Real Estate Institute of Queensland (REIQ) is welcoming today’s announcement from the Attorney General that mandatory continuing professional development (CPD) will be imposed on real estate practitioners in Queensland. As the law currently stands, real estate practitioners are required to undertake initial educational training, however there are no ongoing educational and training requirements despite the increasingly complex legal and regulatory landscape they operate in. REIQ CEO Antonia Mercorella said as a strong advocate for the establishment of an annual CPD regime for a decade, it was momentous for the REIQ to see it come to fruition. “As the peak body for real estate professionals,Read More →

Contributed By: @Realty on

SPECIALISING IN TOWNHOUSE AND UNIT SALES Rigby Property Group led by Scott & Kelley Rigby is a Residential Real Estate Agency specialising in the unique market of Townhouse and Unit sales throughout Brisbane and the Gold Coast.. At Rigby Property Group, we provide our managers with the assurance that they are working with an agency that not only comprehends their business model and priorities but also possesses an unparalleled passion for the Management Rights Industry. Rooted in strong family values, Rigby Property Group challenges the norms of traditional agencies. Their success is defined not only by achieving exceptional results for clients but also by creatingRead More →

Contributed By: Hynes Legal on

Three takeaways: Hills to die on in management rights We often talk about the ‘hills to die on’ in management rights. And while that’s obviously colloquial, sometimes in management rights relationships there are times when you have to take a stand — and there are other times when you should roll over because it’s not worth the grief.  Reimbursement of expenses is one of those things.  Spinning out over spending Resident Managers often look at their agreements and argue they’ve got spending authority for $500 or $1000 per item or month; yet the body corporate is saying they can’t spend that money.  The reality isRead More →