General Interest (Page 16)

Contributed By: Mike Phipps Finance on

  “When America sneezes the world catches cold”.  A cliché perhaps but with some truth behind it I suspect. Consider this : The United States is the world’s largest national economy in nominal terms and second largest according to purchasing power parity (PPP), representing 22% of nominal global GDP and 17% of gross world product (GWP). The United States’ GDP was estimated to be $17.914 trillion as of Q2 2015. Australia’s top 3 two way trading partners are China, Japan and The USA. China is the world’s largest export economy and the USA and Japan are two of China’s top 3 trading partners. Anyway, on to thisRead More →

Many residential property managers have told us they simply want a property management system that does all the things they need, without the expensive price tag. Why pay for things you never use, right? At HiRUM we value industry feedback, this is why we developed HiRUM Front Desk for Residential. This provides residential property managers, or those with a rent roll, with all the essential tools they need to manage their business. From full trust accounting, to comprehensive office tools including integrated RTA forms1, we definitely have your needs covered. With NO Monthly fees and a very low one-off fee for set-up & training youRead More →

Contributed By: Real Strategix on

I am going to touch on a subject that relates to everyone on a daily basis. As business owners, do we name and shame customers that cost us money? I don’t care what business you operate. I guarantee all of you have at least one customer who believes they are better than you and everyone else. That one customer will simply refuse to pay for services/products rendered. We have quite a few! It is very hard to sit back and watch while they keep trading with their big franchise name knowing that the smaller operators cannot afford the legal fees or resources to fight them. It isRead More →

Contributed By: Hynes Legal on

It’s over. The longest running (and most expensive) dispute over a deck in Australia has been decided by the High Court.  There are no appeals from there so we now have the definitive statement on what a body corporate’s decision making obligations are based on. Round one went to the deck owner (Commissioner’s Office) Round two went to the complaining owners (QCAT) Round three went to the deck owner (Qld Supreme Court) We wrote an article after the Supreme Court decision here. The opponents to the deck won. The smartest group of lawyers in the country (being the High Court) has decided that the oppositionRead More →

Contributed By: Nick Buick on

September 1st 2016 saw us launch the new site interface. The objective was to ensure content and advertising was more integrated so the site flowed better, and also ensure we had better support for mobile devices. Ensuring less pitfalls for our managers was also a big priority, so we now screen uploaded images to check they are named correctly, inspection times can now be added using an html5 calendar widget, and images are uploaded in sequence now so corrupt files are easier to spot. Other enhancements include the ability for Brokers to buy more featured listing credits as they need them. PDF brochures can nowRead More →

Fill It For Fiji

Contributed By: Real Strategix on

As you know a couple of months ago when Fiji was hit with that terrible cyclone Real Strategix and La Grande Apartments arranged a joint venture to supply items via shipping container to Fiji.  We are pleased to advise the container has arrived and all of you that donated have brought so much joy and assistance to the beautiful people of Fiji.  Here are a few photos. Unloading the items Crossing flood waters Toki Village devastation Yacata IslandRead More →

Contributed By: Peter Hawtin on

This is not an introduction. It is the actual first half-day of our 2-day training. The actual value is $495 (JUST $49). This workshop is exclusively available to onsite managers and will give you the tools to create wealth through a Management Rights business, achieve a generous cash flow & have the free time & flexibility to enjoy a balanced lifestyle. WE’LL COVER: Dealing with ‘Outside Agents’ Navigating ‘Body Corporates’ Running a ‘Proactive’ Business VS a ‘Reactive’ Business Getting that Work Life Balance Building your ‘Rent Roll’ Streamlining the ‘Property Management Process’ Earning Additional income Maximising your fees Dealing with the 5 key ‘Objections’ Managing Owners & Tenants with EASE PreventingRead More →

Having grown up as a boy in Melbourne, before coming to the Gold Coast where I have been in our law practice for many, many years, I still have an interest in Melbourne and a curiosity as to how different the Management Rights situation is in both cities. I have realised that on the Gold Coast we freely integrate our tourists with our resident population and celebrate the tourist industry as a great feature, benefiting both residents and tourists alike. We have a very compatible resident and tourist use of our buildings particular because of our form of Management Rights where the on-site Caretaker andRead More →

“Tourism Brokers and MR Sales have merged allowing reciprocal rights to each other.  This means that as a Seller / Buyer you have twice as many people working for you.” MR Sales is QLD based and Qld is the home of management rights. The opportunities to add value from the joint experience to development and the accommodation industry on a national scale are phenomenal. TheOnsiteManager is a powerful service tool and medium to the industry that will assist in the industry expansion MR Sales are in expansion mode and are happy to hear from likeminded individuals that would be interested in joining our team. OnceRead More →

Contributed By: TheOnsiteManager on

According to consultancy firm Capgemini and Royal Bank of Scotland, Australia has the 4th highest rate of non-cash payments on earth, increasing by 7 percent per year. According to the RBA, the average surcharge for Visa / Master Card is 1.9% and 2.9% for American Express. The implications of this, for a business operating on a 10% margin, are staggering. They’re essentially sacrificing 20-30% of their profit just to receive payment. For a motel operating on a 30% margin it’s around 10%. These costs are often simply accepted as part of doing business, but it’s only going to get worse from here. Seemingly overnight, tap-and-go services have become ubiquitous and withRead More →

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