Management Rights

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The Management Rights Market (Page 13)

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

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 →

In: Accounting and Finance, The Management Rights Market

Contributed By: Mike Phipps Finance on

What exactly am I buying? Purchasing a management rights off the plan simply means that you are agreeing to purchase a management rights business and usually a managers unit at a future time once the project is  complete and individual unit sales have settled. Off plans can be holiday resorts, permanent rental townhouse or unit complexes or short stay corporate properties like hotels and serviced apartments. How do I know what I am buying? The sale of off plan management rights is a highly regimented process and contract conditions are designed to ensure that the buyer is protected. Most importantly the sale will most likely be subject toRead More →

In: General Interest, The Management Rights Market

Contributed By: Management Rights Sales on

As I tentatively looked into the now famous ‘Crystal Ball’ as I do at the beginning of each year, searching for predictions both negative and positive, my personal life came to the forefront of my vision. I started to wonder what I personally considered to be some of the defining moments of my year, more so than what I achieved professionally. Taking a moment to reflect and extract some wisdom from our experiences in 2015 can assist with setting us up for the year to come. So I ask, what do you consider to be some of the defining moments of the year in yourRead More →

In: Accounting and Finance, The Management Rights Market

Contributed By: Mike Phipps Finance on

As finance industry professionals we deal with banks every day and I suspect take much of what happens for granted. At a recent accommodation industry forum I was a bit surprised when the discussion turned to bank lending policies. It transpired that many operators (and therefore I presume borrowers) in the room thought that the banks solely call the shots on what can and cannot be done when they lend you money. Nothing could be further from the truth. It is true that banks have credit policies and those policies influence and inform the outcome of your loan application. It is also true that withinRead More →

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

Contributed By: TheOnsiteManager on

TheOnsiteManager.com.au signed an exciting agreement this month with RealEstate.com.au to offer a free utility connection service. Any time a tenant moves into your complex, you can simply direct them to TheOnsiteManager.com/connections to connect and disconnect all their utilities. I’ve gone through the service extensively with the good people from RealEstate.com.au and I have to say I’m impressed by how simple it is to use and easy it is to get connected. Tenants can choose which utility companies they want to use. By filling out a simple online form RealEstate.com.au will then take care of everything from connecting Gas, Electricity, Telephone, Internet, even Foxtel. They canRead More →

In: Accounting and Finance, The Management Rights Market

Contributed By: Mike Phipps Finance on

I mentioned in a recent article that when it comes to interest rates I am not a clairvoyant and so it has proved to be. The reasons why will be revealed soon enough but rst a bit of recent history. Until relatively recently banks set their home loan and residential property investment rates in accordance with the Reserve Bank cash rate. That is, if the Reserve Bank dropped the cash rate then residential property rates followed and vice versa. A little while back one of the major banks announced that it would no longer blindly follow the cash rate benchmark and instead make rate decisionsRead More →

In: The Management Rights Market

Contributed By: Management Rights Sales on

The past year or so has seen an increasing number of contracts not proceeding to settlement. This is a worrying trend with not a common reason for it happening. We have seen finance issues, Bodies Corporate not assigning, valuations of residences, buyers getting cold feet, verification of figures coming up short and issues with some older agreements all contributing one way or another to the problem. There is a role to play for everyone involved to do their part in making these things happen from the accountant putting figures together for sale, the buyers being truthful about their financial circumstances, the vendors leaving cleaning figuresRead More →

In: General Interest, The Management Rights Market

Contributed By: Management Rights Sales on

We have all been there!! Looking for a house to buy in any chosen location and we come across a nice looking property. Right location, well-constructed, nice paintwork, lovely grounds. Looks likely. Wait a minute…. Why are there four ‘To Sell’ signs attached to the front fence from four different real estate agents? Before we know it, despite the many positives about this property, a question mark hovers overhead. If the property looks the part, how is it that between four selling agents it has not yet sold? Of course nothing need be amiss. The property could well be perfect. However that question mark hoveringRead More →

In: General Interest, Motels and Hospitality, The Management Rights Market

Contributed By: TheOnsiteManager on

A couple of years ago, someone put me onto this little-known app called Netflix. Within about 15 minutes of having my TV connected to Netflix, I picked up the phone, called Foxtel, and cancelled my subscription on the spot… the $9.95 a month account that I’d opened on Netflix offered thousands of hours of on-demand, commercial-free entertainment, and had instantly removed the need for my $100 a month, ad-ridden, rerun-filled Foxtel account, forever. I’ve never looked back. These businesses are called disruptive innovators, or disruptors. They don’t create new markets they simply evolve existing markets and cause a disruption to the existing businesses trading inRead More →

In: Motels and Hospitality, The Management Rights Market

Contributed By: Resort Brokers on

Significant opportunities are now available in regional Australia for experienced, resourceful motel operators willing to back their own judgment and ability. Amid the fallout after the mining construction boom, fortune will indeed favour the bold. Many strong regional towns suffered a dramatic downturn as mining construction declined. Motels that experienced outstanding trading during the resource-fuelled boom, now find a remarkable high has been followed by a demoralising low. Some who reaped considerable benefits during the good times have, sadly, had their spirits knocked by the downturn. Understandably, they are ready and eager to sell and move on. So, as one door closes, another door opens.Read More →

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