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Nick Buick (Page 13)

In: Accounting and Finance, The Management Rights Market

Contributed By: FNX Finance Group Pty Ltd on

The general tightening of the market we reported upon from June 2017 to January 2018 appears to be have ended and the listings’ for the businesses are now growing again and the time on the market has gone up 10 days to 86 days on average.  In the May18 quarter 73 more businesses came onto the market than the previous quarters.  The multipliers also reduced slightly which have been a result of the market conditions.  Data provided by TheOnSiteManager.com.au ‘On the Market Analysis’ – Market Pulse · The difference in Purchase Price because of the agreement type is; · 92% of all Stock is for sale inRead More →

In: General Interest, Motels and Hospitality

Contributed By: Mikolai Napieralski on

Editor’s Note: I stumbled across this tongue-in-cheek piece of Gold Coast hospitality nostalgia from last decade. It was written in a street press magazine called Team Evil and I thought I’d share with our readers for a bit of a laugh and reminisce at the colourful old Gold Coast motels, few of which have since survived. I have fond memories of staying at the original Pink Poodle when I was young and poor… good times! If you’re in the mood for further laughs, I’d highly recommend the author’s new book; God Willing; as he recounts his adventures working as a museum curator in the Middle EastRead More →

In: Accounting and Finance, General Interest, Motels and Hospitality

Contributed By: HiRUM on

Article originally appears on the HiRUM industry blog What is bundling? Bundling is the term used when property managers roll all of their management services into a single, ‘overall’ commission fee, rather than charging owners a separate amount or commission rate for each sub-service. For example, as a property manager, you would traditionally charge your owners for the below services, as dictated by your body corporate agreement: Management fee: 12% of gross tariffs Marketing fee: 3% of gross tariffs Merchant fees: 2% of gross tariffs Housekeeping fees: $40/clean Linen costs: $3/bed/booking Guest amenities: $10/guest Spring cleaning: $250/year Foxtel: $35/month PABX: $30/month Normally, these charges wouldRead More →

In: General Interest, The Management Rights Market

Contributed By: Calvin Bailey Management Rights on

Calvin Bailey is proud to welcome Alex Barker-Ré on board. Alex joins Calvin Bailey Management Rights with a wealth of management rights experience. Selling Management Rights From 2001 to 2011 Alex represented Venz Management Rights Specialists as their North Queensland Sales Director. Working with one of the largest management rights brokers at the time, Alex was responsible for every aspect of selling management rights. Alex was responsible for selling tens of millions worth of MLR businesses and associated property. An experienced Management Rights Operator From 2001 to date Alex has managed and owned eight different management rights properties, from the Gold Coast to Port Douglas and Cairns. His knowledge of the industry is second to none – having hands on experience of permanent and holiday lettingRead More →

In: General Interest, The Management Rights Market

Contributed By: CBRE on

Brisbane, 19 April 2018 – CBRE Hotels is expanding its hotel division with a new Management Rights service line following the appointment of Shane Mullins as a dedicated specialist in the field. Mr Mullins, who has more than 10 years’ experience in the hospitality sector, will lead the new Management Rights business line, which specialises in the management and letting of strata titled units on the Eastern Seaboard. Wayne Bunz, National Director of CBRE Hotels, commented on the team’s expanded capability; “We are extremely excited to welcome Shane to the team. Shane’s extensive knowledge in the management rights space further complements the comprehensive hospitality expertiseRead More →

In: Body Corporate, Facilities Management

Contributed By: Lisa Rutland from MyBodyCorpReport.com.au on

I spend all day, every day, reading body corporate records; lucky me. The business conducted by each scheme differs wildly but there are several core things that majority schemes do. Termite inspections is one of them. The BCCM Act doesn’t explicitly require that a body corporate do regular termite inspections. As is usually the case the applicable legislation is far broader than focussing on the one issue. Section 159 of the Standard Module requires the body corporate to maintain common property in good condition. If the scheme is a Building Format Plan (BFP) legislation requires the body corporate must go a step further. Section 159(2)Read More →

In: General Interest, The Management Rights Market

Contributed By: Nick Buick on

Any time you perform any kind of search for Management Rights on TheOnsiteManager, be it for all of a broker’s stock, or all listings in a given suburb, or any other management rights related search for that matter, you can now output a stock list. You will now find a ‘print a stock list of the top 21 results’ link at the top and bottom of each results page. These neat little documents will show you upto 7 pages of listings in a save-able and print-friendly PDF file. They will give you the IDs of all the listings shown along with photography, broker details, locations,Read More →

In: Facilities Management, Landlords, Tenants, Renting and Management

Contributed By: Hotspots Australia on

New smoke alarm legislation in Queensland came into play from 1 January 2017 and is expected to drastically cut the number of deaths from house fires. The new legislation requires every domestic home, including rental properties, to have smoke alarms that are photoelectric, interconnected, and either hard-wired or powered by a 10-year lithium battery. For property managers this means additional obligations with regards to the installation and maintenance of smoke alarms. Smoke alarms are currently required by law in all rental properties but the type of alarm installed is no longer something that can be left to the owner’s discretion. Failure to install the correctRead More →

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

Contributed By: Nick Buick on

We are thrilled to launch our Industry Recommended Professional program! Below is a Q&A explaining the program, its benefits and how it works. What Is the Industry Recommended Professional program? Our industry has entered an age where the quantity of suppliers is great, but often the quality of work offered is not. Managers and prospective managers expend considerable time and money in their efforts to source professional service providers who understand this industry and specialise in it. The Industry Recommended Professional program allows such service providers to rapidly and easily distinguish themselves as authorities both trusted, and respected in our Management Rights industry. It isRead More →

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