Management Rights

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Nick Buick (Page 12)

In: Accounting and Finance

Contributed By: FNX Finance Group on

Today we present the fifth 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 continue their growth which commenced in January 2018.  There is now $1b of MLRs on the market.      – This has largely been in the Permanent and to a lesser extent the Corporate space.      – The average listing period of all buildings has been 71 days in the last quarter.  With an additional 90-100 days to complete settlement.      – There is about 0.2x lower multiplier for Standard AgreementsRead More →

In: Landlords, Tenants, Renting and Management, Legal

Contributed By: Michael Kleinschmidt Stratum Legal on

On 26 September 2018 Adjudicator Roseman declared the letting authorisation for Allure Apartments in Townsville void.  The management rights operator, Allure Townsville Accommodation Pty Ltd (ATA), had taken a transfer of the letting authorisation in June of 2015.  The management rights were transferred from Allure Hotel and Apartments Pty Ltd (AHA) who had acquired them from the developer, South Townsville Developments Pty Ltd, on 3 September 2014. From the beginning, the management rights business had been operated from a manager’s unit (lot 201) and a reception area, initially located on the common property. While AHA was the operator, that area of common property was convertedRead More →

In: Motels and Hospitality

Contributed By: Chris Rowe, Accommodation Business Brokers on

This wide brown land is full of stunning vistas and incredible experiences. It’s no wonder Australians, and overseas visitors are so keen to explore our great in-lands not just cities and coastline. Tourism is listed as one of Australia’s top-tier industries of the future. With the Australian Bureau of Statistics showing that regional Australia currently claims 45 percent of ‘visitor nights’ and 44 percent of traveller spending money, there’s plenty of opportunity for accommodation businesses and in particular Motel owners. Why buy a Motel? If you’re new to the hospitality industry, a Motel can be an excellent first business. Like any accommodation business, running your own MotelRead More →

In: Facilities Management, Landlords, Tenants, Renting and Management, Legal, Motels and Hospitality

Contributed By: Alan McKernan - McKays Solicitors on

Airbnb is never far from the headlines, and many industry segments are clamouring for regulation. In June 2018 the NSW government announced severe restrictions on short stay accommodation. It remains to be seen how that will work in practice, and how Queensland will implement our own version. Hopefully the legislative response will be informed by the lessons learned from the regulation of ride sharing services such as Uber. Industry Concerns Body Corporates, owners, and on-site managers are justifiably concerned about the rising popularity of home sharing services, and other online accommodation booking platforms, for properties within Community Title Schemes. Naturally, I can’t condone “self-help” remediesRead More →

In: Motels and Hospitality, The Management Rights Market

Contributed By: Chris Rowe of Accommodation Business Brokers on

Travel-based accommodation venues like Caravan Parks, Backpackers, Motels, Hotels and Holiday Resorts are in high demand across Australia. To ensure you receive the best price when selling your accommodation business and have a smooth experience from beginning to end, follow our recommended steps. PHASE 1: PLAN Step 1. Understand the value of your accommodation business Researching similar properties in your area will give you a rough indication of what your accommodation business is worth. But engaging an accommodation business broker early will help identify any strategic improvements that could have a significant uplift to your sales price. Step 2. Decide who will represent your saleRead More →

In: General Interest

Contributed By: Nick Buick on

Industry newcomer AccomProperties are making some fairly outlandish claims about their web portal of late. I came across this rather amusing banner-ad while browsing the internet recently: Of the 2 line heading, they managed to squeeze 2 arguably false claims into their ad… I’m actually impressed – but not in a good way. Claim 1: AccomProperties.com.au is “…Australia’s Leading Management Rights Portal…” That’s a mighty big claim for a website that’s been around for what… 18 months? To inject some reality back into the discussion: our management rights portal has been operational since 2005, turns over ~1 million dollars a year, logs over 25,000 visits perRead More →

In: The Management Rights Market

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

In today’s world, we all want instant access to information, especially when you’re looking to buy. So why do some agents advertise management rights businesses with as little detail as possible? In some cases, even with no photos or generic images of a beach and a café. We all know what the beach and a café looks like! What about the actual location? You all want to know at least the name of the suburb, such as the awfully specific and informative ‘Greater Gold Coast’ or ‘Central Sunshine Coast’. Have you ever heard of these? Because I certainly haven’t! The Cambridge English Dictionary definition ofRead More →

In: Events, General Interest

Contributed By: Nick Buick on

We are thrilled to be hosting our first ever industry night on the 19th of October 2018. This will be a black tie affair where the winners of our Industry Recommended Professional program are announced and receive their industry excellence awards for 2018. The event is scheduled for Friday October the 19th in Cloudland’s exclusive Heritage Room (Capacity for 200 guests). It’s a spectacular venue and we’ve organised an open bar, light food, DJ, door prizes and give-aways, and of course a great chance to meet and mingle with your fellow onsite managers and industry associates. So far over half of our managers tickets haveRead More →

In: Landlords, Tenants, Renting and Management

Contributed By: Nick Buick on

Lets face it, your owners COULD manage their own rentals, there’s nothing stopping them, they don’t even need to be qualified… But just because they could do something themselves, doesn’t make it a good idea. Your owner clearly understands that, it’s why they hired you. They made a conscious decision to appoint a trained, experienced, and professional manager to handle the marketing and management for them. They did this because they accept that there are certain tasks that are outside their area of expertise. They might be a really good doctor, pilot, or insurance salesman, but they know being good at whatever they’re good at,Read More →

In: Accounting and Finance, Body Corporate, Events, Facilities Management, General Interest, Legal, The Management Rights Market

Contributed By: Nick Buick on

I frequently speak with managers who are frustrated by the standard of service offered up by so-called specialists in Management Rights, who in reality, have limited experience and knowledge of this industry and result in unnecessary professional fees and cost blowouts. Existing “industry accreditation programs” appear to me as little more than pay-for-play operations that exist purely to sell magazine advertising, where anyone can be ‘accredited’ if they simply open their chequebook. This doesn’t help our industry, in my opinion, as such we have set out to develop a program that has complete financial independence and is entirely merit based, as measured by the managementRead More →

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