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Nick Buick (Page 10)

In: Body Corporate, Landlords, Tenants, Renting and Management

Contributed By: Nick Buick on

I recently purchased a Telsa X to replace my Rangerover. In the last year of use, my beloved V8 Supercharged Autobiography cost me over $18,000 in servicing maintenance and fuel. Enough was enough. I never wanted to pay for fuel, maintenance or servicing ever again, so I called up my local Telsa dealer, ordered a car, and a week later it was sitting in my driveway. What impact will these EVs have on Body Corporates as more and more take to our roads? Having now owned a Telsa for six months, I have never felt more comfortable about my decision! The car is incredible. ItRead More →

In: Landlords, Tenants, Renting and Management

Contributed By: Nick Buick on

As we explained recently in this article, the net benefit of upgraded listings is greater than their cost, meaning they actually save owners money rather than costing it. Well, we’ve now sat down with RealEstate.com.au who have painstakingly reviewed our listing data and composited a beautiful 30 page report quantifying EXACTLY how much that net benefit equates to, and the numbers are staggering. Even I was surprised – EVERY onsite manager needs to read this article. Lets break it down! What is a Feature Listing Feature listings appear ahead of Standard listings Interactive photo carousel highlights the best features Receive 1.6x more Average Views thanRead More →

In: Landlords, Tenants, Renting and Management

Contributed By: Nick Buick on

There is a VERY strong mentality amongst onsite managers, that upgraded listings are expensive. I hear it every day. I get managers calling me up telling me they desperately need to find a tenant, and they’re losing rent, and when I explain the very simple solution is to boost exposure, they balk because of the ‘high cost’ of an upgrade. This is wrong-headed thinking and not the correct way to approach marketing. Marketing doesn’t cost money, marketing saves money!!! Good agents know this. The average real estate agent commits hundreds of dollars EVERY MONTH on EVERY RENTAL LISTING to market them. In fact most realRead More →

In: General Interest

Contributed By: Nick Buick on

Last night our technicians did a final migration and switched on our new hosting server. It’s been a few years since we performed a major upgrade on our hardware infrastructure and the site has grown immensely since then and surpassed the technology it was running on. We’re now running independent solid state RAID drives for both our file system and database, we increased RAM, beefed up our processing power and took out a totally separate server just for our website to keep it completely isolated from the other sites our company hosts. The speed increase is considerable, but more importantly, the speed will be consistentRead More →

In: The Management Rights Market

Contributed By: Patrick Bell - FNX Finance on

Today we present the seventh in our series of analysis on the selling market for Management and Letting Rights (MLR).  We have been collating this data quarterly since June 2017 and the following is a broad summary; ·      Stock levels are continuing to slightly decrease from our January 2019 update. ·       This has largely been in the holiday space, with permanents increasing. ·       The average listing period of all buildings has been 72 days in the last quarter.  With an additional 90-100 to complete settlement. ·       There is about 0.1x lower multiplier for Standard Agreements over Accommodation Agreements. There is the full detail and some simple graphs byRead More →

In: General Interest, Motels and Hospitality

Contributed By: HospitalityLeadership.com.au on

The secret to driving up your Trip Advisor ranking up is by getting your most satisfied guests to post a review. If you don’t have an automated feedback system that allows quick responses back to the guest, a senior person such as the FOM should be writing back to these guest via a well as a written email, providing the link to your Trip Advisor Page and offering personal assistance with their next stay. Out of 10 guests that you will email a follow-up thank-you and suggestion to post a review, about 3 or 4 will actually post because you have simply asked the question.Read More →

In: Events

Contributed By: REIQ on

Are you considering the purchase of a management rights business? The REIQ will be hosting a “Buyers Seminar” specifically aimed at individuals who are looking at the  purchase of  management rights in Queensland.  (Not a sales seminar) The Real Estate Institute of Queensland has long standing relationships with specific stakeholders within this niche model. Be informed by this top line up of industry experts specializing in the Management Rights/Resident Letting space. REIQ – Gold Coast 11 May 2019  8.45am to 12.00pm L3 – 26 Marine Parade, Southport $20 per person We will give you an informative overview on; –          Legal –          Accounting –          Financing –          Licensing –          Real Estate There willRead More →

In: The Management Rights Market

Contributed By: Wesley Venz. Principle of Venz Management Rights Buyers Agency on

In today’s market place, buyers have to be aware of what they are up against. Buying right involves being fully informed on the business you are intending to invest in and the associated risks involved within that industry. Choose a business you’re comfortable with that feels right, where you can imagine yourself running the business day-to-day – it’s a business that you can live and work from. Look inside the industry: are there special skills needed, government regulations, licenses required? Are you up to these challenges and commitments? Management Rights is no different to any other small business, which is why you need to lookRead More →

In: General Interest

Contributed By: Nick Buick on

Our 2019 Industry Recommended Professional program has now commenced. All managers are encouraged to nominate your Industry Recommended Professional across 6 fields of expertise. As per last year, the winners across each category will receive the much coveted Industry Excellence Award at our awards night happening later in the year. This year we have 6 fields of expertise: Legal; Accounting; Brokers; Relief Management; Body Corporate Management and Finance. All professionals who receive nominations will be prioritised on the website and of course will proudly display the Industry Recommended Professional decal on their profile. Last year’s event saw many fields hotly contested and often single votes tippedRead More →

In: Landlords, Tenants, Renting and Management

Contributed By: Nick Buick on

There are very few certainties in life, and even fewer in business – yet over the last 14 years one thing that has been proven to me is if you don’t recognise and embrace beneficial change – your business will wither and die. When I built TheOnsiteManager back in 2005, the concept of an online portal for Management Rights seemed ideal. There we were with a multi-billion-dollar management rights marketplace just sitting there, and the only way to actually sell a management rights was to shove a little ad onto a dark corner of the Gold Coast Bulletin newspaper and hope for the best. ToRead More →

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