Management and Letting Rights Quarterly Pulse – January 2019
2019-03-05
Contributed By: FNX Finance on
See the latest Property Pulse from FNX Finance below.Read More →
Expert in your field?
2019-01-31
Contributed By: Wesley Venz of Venz Management Rights Buyers Agency on
Ten years of experience, or one year of experience ten times over? While many people claim to be experts or specialists in their chosen profession, how can you know if they really are? Maybe they have been doing the same job year after year, but have not become any more knowledgeable or accomplished than when they first started. There is competition in every industry, but there has never been more than there is now in management rights. Currently listed on the service directory of on-site manager, there are 51 law firms, 33 accountancy practices, 23 financial institutions, and 59 real estate agencies. How many individualsRead More →
Syndicate secures Pacific Views management rights off market
2019-01-29
Contributed By: Resort Brokers on
AN investment syndicate formed with the express aim of gaining a foothold in the Gold Coast’s lucrative management rights industry has secured a premium Main Beach apartment business off-market in a $4 million-plus deal just settled. Specialist accommodation sector agency RESORTBROKERS confirmed it had successfully concluded the sale of the Pacific Views Resort management rights based on a 6-times multiplier. “A group of investors had already been assembled so we were able to go to the vendor with a syndicate and operating partner ready, which meant we had it under offer within less than a fortnight,” said RESORTBROKERS’ Todd Warner, who negotiated the deal withRead More →
How to fly high in business providing FiFo accommodation
2019-01-29
Contributed By: Chris Rowe of Accommodation Business Brokers on
With mining booms every few years, the fly-in-fly-out (FIFO) or drive-in-drive-out (DIDO) market also booms. Those who own accommodation properties in key areas will benefit during the boom times. Townsville is one such location. About FIFO/DIDO workers FIFO workers come from all walks of life and operate in most industries. Most FIFO workers fall into the 35-54 years age group. Jobs for FIFO workers are diverse: health worker, road train operator, kitchen worker, metallurgist, mine planning engineer and solar farm workers. Although FIFO workers exist in many sectors, it’s in mining that the phenomenon has become known. Most mines are located in remote areas orRead More →
Preparing your accommodation business for a fast sale
2019-01-21
Contributed By: Chris Rowe of Accommodation Business Brokers on
If you are planning to sell your accommodation business, you want the process to run as quickly and smoothly as possible. Here are some essential steps you need to take if you want to ensure a fast business sale. 1. Mindset Plan well in advance A successful sale requires careful planning. It’s essential to start preparing as soon as possible once you have made the decision to sell your tourism business. This will give you time to put all the necessary steps in place to make your business an attractive prospect. Change your mindset, make yourself redundant As the owner of a successful hospitality business,Read More →
Is It Getting Harder to Sell Smaller Management Rights?
2018-09-20
Contributed By: Mike Phipps Finance on
Rules are interesting. Some think the more rules the better while others subscribe to the school of discretionary decision making. I am a fan of some common sense latitude in most decision making processes, particularly those involving the individual merits of a finance application. It is true that many cry out for absolute certainty in all things finance. Problem is, hard and fast rules will inevitably gravitate to a lowest common denominator environment where we will all be compelled to walk as slow as our slowest borrower. Have a look at some of the people giving evidence at the banking commission and I would proposeRead More →
CONSENT TO TRANSFER OF MANAGEMENT RIGHTS AGREEMENTS – WHAT’S REASONABLE?
2018-09-18
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. 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 →
11 Steps to selling your accommodation business
2018-09-09
Contributed By: Chris Rowe of Accommodation Business Brokers on
Travel-based accommodation venues like Caravan Parks, Backpackers, Motels, Hotels and Holiday Resorts are in high demand across Australia. To ensure you receive the best price when selling your accommodation business and have a smooth experience from beginning to end, follow our recommended steps. PHASE 1: PLAN Step 1. Understand the value of your accommodation business Researching similar properties in your area will give you a rough indication of what your accommodation business is worth. But engaging an accommodation business broker early will help identify any strategic improvements that could have a significant uplift to your sales price. Step 2. Decide who will represent your saleRead More →
You Can’t Sell a Secret!
2018-08-20
Contributed By: Wesley Venz. Principle of Venz Management Rights Buyers Agency on
In today’s world, we all want instant access to information, especially when you’re looking to buy. So why do some agents advertise management rights businesses with as little detail as possible? In some cases, even with no photos or generic images of a beach and a café. We all know what the beach and a café looks like! What about the actual location? You all want to know at least the name of the suburb, such as the awfully specific and informative ‘Greater Gold Coast’ or ‘Central Sunshine Coast’. Have you ever heard of these? Because I certainly haven’t! The Cambridge English Dictionary definition ofRead More →
Major resort management sales underline demand
2018-08-08
Contributed By: Resort Brokers on
TWO landmark oceanfront resorts on the Sunshine Coast and Fraser Coast changed hands today (August 1, 2018) with the settlement of separate blue chip management rights sales for a total of close to $15 million. Specialist agency Resort Brokers confirmed the multi-million dollar sales of Oceans Resort and Spa Hervey Bay and Rumba Resort Caloundra, both handled by Sunshine Coast broker Glenn Millar. Global hotel group Minor Hotels has bought the rights to the Hervey Bay resort from Oceans Queensland, a leading private operator associated with the former managing director of channels Nine, Seven and Ten, Gary Rice. The sale price was not disclosed. TheRead More →