Management Rights

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General Interest

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: 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: General Interest, The Management Rights Market

Contributed By: Resort Brokers on

ACCOMMODATION business and property owners in Far North Queensland are taking advantage of buoyant market conditions to sell or trade up, say industry experts. The Cairns office of specialist commercial agency Resort Brokers Australia has settled 18 FNQ accommodation and hospitality property and business sales in the past year, said national sales manager Trudy Crooks. “Robust tourism growth is fuelling opportunities across the region, resulting in high levels of activity and strong demand for accommodation operations,” she said. “Our local office has transacted more than $22.5 million worth of property in 12 months.” In response, Resort Brokers Australia has recruited North Queensland business consultant andRead 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 →

In: Accounting and Finance, General Interest

Contributed By: Mike Phipps Finance on

For those of you who may still think the photo I use in some articles is current, it is not. The look of shock on some faces when we first meet suggests that it might be time to update said image and nothing confirms my retreat into older age more than recent events.  Yes, it’s true.  The managing director and I have purchased a caravan.  But Mike, you’re too young I hear you cry.  Nonsense, the MD may be too young, child bride that she was, but I am certainly age qualified. In fact, I know of several other industry specialists who call something onRead More →

In: Accounting and Finance, General Interest, Landlords, Tenants, Renting and Management

Contributed By: Real Strategix on

Your trust account and the way you operate it is your lifeline. When dealing with thousands of dollars there are 2 types of people. 1) Honest 2) Dishonest There is no in between. As a managing agent, landlords are trusting you to handle their income with honesty and integrity. After many years in the industry, I have performed end of months with as little as $2000 in the trust account and as great as $200 000 in the account. Each time the money, system and process were treated exactly the same……with care. One property or 1500 properties, each state of Australia has regulations and rules 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: Mike Phipps Finance on

Those who know me well will attest to my obsession with detail. I think the psychiatrists call it being anally retentive, not a particularly pleasant vision to be sure. The managing director calls it a mild mental disorder manifesting itself in a capacity to be a complete pain in the posterior. I justify the way my head works by a need to be highly organised and a desire to drift off each night knowing those I rely on and trust are equally diligent. Yes, my desk is uncluttered and everything has its place. Failure to return said thing to its rightful spot will be punishableRead More →

In: General Interest, Motels and Hospitality

Contributed By: Nick Gorrell, InnerVision Media on

Facebook have just released a new low cost, standalone VR headset called the Oculus Go which is set to significantly spread the adoption of virtual reality technology. We received our new headset delivered directly from the USA yesterday and early tests show that access to virtual property tours, accessed through theonsitemanager.com.au are very easy, slick and offer excellent viewing quality. The Oculus Go will be a game changer for VR and is expected to be widely adopted very rapidly, soon there will be millions of people online searching for, and increasingly expecting/demanding, high quality virtual content. If there was ever a time to consider enhancingRead 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 →