Management Rights

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The Management Rights Market (Page 12)

Buying Management Rights, Selling Management Rights, market outlook, etc

In: Accounting and Finance, Motels and Hospitality, The Management Rights Market

Contributed By: Mike Phipps Finance on

In our last bulletin we talked about our view that we are moving into a tighter credit environment in which bank lending guidelines will become stricter. We also talked about challenges existing borrowers are having with annual business loan reviews and extended interest only periods. The reaction to this bulletin has been remarkable with many business borrowers expressing concern around a range of experiences they are having with their lender. To be frank some of the concerns raised with us are of the borrower’s own making and reflected a lack of understanding of the terms and conditions of the loan. In many cases we haveRead More →

In: The Management Rights Market

Contributed By: Lindsay Petty Management Rights on

There have been many of articles written on the Management Rights business model in Queensland over the years. Multipliers in Management Rights are one of the key areas that people are keen to find out more about. Like most business operations the model is the same however the individual businesses can vary considerably. Management Rights are no different. A real estate agency or a McDonalds franchise, they are all individual businesses but have an overlying business model structure in place. The management rights business model has some real strengths when we compare to various other models. If we look at some of these strengths: The BC salary, or often known as the remuneration,Read More →

In: Accounting and Finance, Legal, The Management Rights Market

Contributed By: Short Punch & Greatorix on

Some time ago I published an article on what I thought was reasonable for a Body Corporate to request from a buyer of management rights, in considering whether or not a Body Corporate committee should consent to the transfer of management rights agreements to the buyer (See the original article here). This is an important issue, because under the Body Corporate and Community Management legislation, a Body Corporate committee must not unreasonably withhold approval to a transfer. Under the legislation, one of the matters which a Body Corporate committee may have regard to is the financial standing of the proposed transferee. My opinion as expressed in my previous article wasRead More →

In: The Management Rights Market

Contributed By: TheOnsiteManager on

American cowboy Will Rogers uttered the famous quote: ‘It takes a lifetime to build a good reputation, but you can lose it in a minute.’ In Management Rights it’s not just your reputation that must be built, but that of the complex as well – this can be particularly problematic when a complex is purchased from a less-than-perfect, former manager. Many onsite managers to-be will seek out businesses with a very small internal letting pool and a large number of outside agents. This situation is often symptomatic of an incompetent manager who has lost the trust of investors and is selling an under performing business. If it can beRead More →

In: Events, Motels and Hospitality, The Management Rights Market

Contributed By: TheOnsiteManager on

Brisbane Airport Corporation invited TheOnsiteManager along to their community workshop to talk about their latest projects, how they are being implemented and what they mean for tourism businesses in Queensland. Over the next decade, BAC are investing $3.8 Billion into new infrastructure projects. International travel is growing at a rate of 6% PA presently and the corporation wants to ensure the Brisbane Airport offers a world-class facility that can accommodate this continued growth. The first thing that they pointed out was the New Parallel Runway (NPR) project. Paul Koglan, their lead project manager, tells us it will be operational within 4 years. Currently, the airportRead More →

In: Accounting and Finance, The Management Rights Market

Contributed By: Mike Phipps Finance on

In our business we spend a lot of time with new clients as they go through the journey of discovery that leads to the decision to purchase an accommodation business. That process can take weeks, months and sometimes years. Because we don’t charge fees to clients we certainly hope that one day they borrow some money and we make a few dollars. However, we have a duty of care to put the clients’ interests rest and if that means helping them to not make a bad decision then so be it. At some point in our work with new clients a suitable asset will beRead More →

1form

In: Landlords, Tenants, Renting and Management, The Management Rights Market

Contributed By: Nick Buick on

When we initially activated 1Form for our managers almost a decade ago, we were shocked to be met with an overwhelming chorus of protests. Back in those days, managers were not impressed that they were receiving applications via 1Form and demanded we switch the service off again, at once! The objections ranged from inconvenience at having to use something “new”, to distrust of a 3rd party forwarding tenant information, to the complaint that they were “getting too many applications” for properties (Do you remember when getting too many rental applications was your biggest problem? What a time to be alive!) Of course this was 8-9 years agoRead More →

In: Landlords, Tenants, Renting and Management, The Management Rights Market

Contributed By: Real Strategix on

Finding a good relief manager is difficult, finding a great one is rare! I will ask you this, how much is your business worth in the hands of someone else? When we receive a phone call from a client requesting a relief manager and they ask how the process works, the one thing I am always upfront about is – “you will not be 100% satisfied as I guarantee they will do something incorrect” – this generally gets a gasp down the phone but I then explain the reason behind it is simple…. “they are not you”. You have run your resort for a numberRead More →

In: General Interest, Legal, The Management Rights Market

Contributed By: Short Punch & Greatorix on

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 →

In: Accounting and Finance, The Management Rights Market

Contributed By: Mike Phipps Finance on

Back in the day when I was a bank manager one of the marketing strategies the banks employed from time to time was pre-approved finance for home buyers. Basically we collected information from the client and gave them a letter saying they could borrow up to a certain amount subject to a formal finance application and a full credit assessment. The letter was not a finance approval and carried no obligation on behalf of the bank. In other words it was pretty much useless except that it did give potential home buyers an idea of their likely maximum loan and therefore what maximum purchase priceRead More →

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