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The Management Rights Market (Page 12)

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

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 →

In: General Interest, The Management Rights Market

Contributed By: Management Rights Sales on

“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 →

In: Events, General Interest, The Management Rights Market

Contributed By: Think Management Rights on

Interested in management rights? A uniquely attractive business and lifestyle choice for Kiwi’s looking to move to sunny Queensland. Come along to one of our information seminars in Auckland, Dunedin and Christchurch to find out more and be eligible to win 2 nights’ free accommodation at Sandcastles Mooloolaba, and a breakfast for 2 at the famous Mooloolaba Surf Club and $500NZD towards flights. The Management Rights for Kiwi’s Partnership is proud to present its second series of seminars on management rights in Queensland. Expert presenters, speaking in plain English, will help you understand management rights. Our speakers are experienced and respected experts in their fields: Michael Kleinschmidt – Legal Practitioner Director,Read More →

In: Legal, The Management Rights Market

Contributed By: Short Punch & Greatorix on

There are two issues relating to Management Rights sales, which are at the moment causing concern to Buyers and Sellers of Management Rights, and Body Corporate committees, and their legal advisors. Recently there seems to be an upsurge in the number of bodies corporate not approving buyers of Management Rights to take over Caretaking and Letting Agreements. This seems to have coincided with an increase in the number of Asian buyers. Of course, as a result of Australian anti discrimination laws, race, marital status, age, and a number of other factors, cannot be taken into account in making such decisions. In acting for buyers ofRead More →

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