Management Rights

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In: Uncategorized

Contributed By: Nick Buick on

Stage 3 Lockdowns tonight from 6pm till Monday 6pm in Greater Brisbane Brisbane, Ipswich, Logan, Moreton Bay, Redland Bay areas. Gold and Sunshine Coast not affected. Residents may only leave homes for: Shopping for essential items Medical or healthcare needs, including compassionate requirements Exercise with no more than one other person, unless all from the same household Providing care or assistance to an immediate family member Work, or volunteering, or study if it is not reasonably practicable to work or learn remotely Child custody arrangements Legal obligations Visit for end of life Attend funeral or wedding in line with restrictions. Open Homes and InspectionsObviously, theseRead More →

In: Accounting and Finance

Contributed By: Mike Phipps Finance on

Those of you who follow this column (a sure indication of nothing better to do) may recall recent mention of the so-called Wagyu and Shiraz case. For those who do have better things to do here’s a quick snapshot from that article: Following the banking royal commission living expense tests, which can have a significant impact on debt service capacity outcomes, have moved to a more individual level rather than a standard allowance as was previously the case. This has led to borrowers being compelled to detail living costs in great detail and lenders to trawl through bank statements in some bizarre attempt to establishRead More →

In: Landlords, Tenants, Renting and Management, Motels and Hospitality

Contributed By: Nick Buick on

I’ve owned and managed holiday rentals for several years now, and one thing that has always concerned me is the prospect of dirty greasy nasty little hooligans renting a property and turning it into a party house. The risks of such an incident are obvious: Property damage, noise complaints, theft, fights and assaults, and possibly even local council issues. Here’s the steps I’ve taken to greatly reduce these risks to almost zero! Property Descriptions Pay attention to how you’re presenting your holiday accommodation in your marketing. I always make an effort to clearly state in the marketing that the property is not a party house,Read More →

In: Uncategorized

Contributed By: Mike Phipps Finance on

Before we begin……………… To pull a rabbit from a hat. “to do something very clever and unexpected that solves a problem.” To get one’s ducks in a row “to ensure all of the small details or elements are accounted for and in their proper positions before embarking on a new project. In written form, most believe the term originated in the 1970’s. But at least one article has been found where the term was used as early as 1932.” What strange days these are.  Not that long back our business was booming, and new loan approvals came thick and fast.  In fact, the loan approval was scarcelyRead More →

In: The Management Rights Market, Uncategorized

Contributed By: Nick Buick on

I recently I came across this rather awesome Management Rights marketing video put together by Tim Crooks and Alex Cook from Resort Brokers. This is definitely one of the best MR Videos I’ve ever seen. Beautifully shot and art directed and just a little bit quirky, as you’d expect from these guys. …oh, it’s a pretty good listing too. Having actually lived next door to the Hendra complex I watched it being developed with enthusiasm and it’s an absolutely stunning property, so don’t forget to reach out to Tim or Alex if you’d like more information – see the link here: https://www.theonsitemanager.com.au/permanent-management-rights/BrisbaneCity-QLD-21067390 … But also,Read More →

In: Uncategorized

Contributed By: Nick Buick on

Yesterday we were thrilled to co-host the manager’s social Burger and Bowls Day at The Boo in Newstead with our friends from Resort Brokers. We had 106 managers RSVP which was a great number. It was wonderful to see so many of our managers come along, particularly many I’d never met before in person. We had lots of laughs, a fair bit of beer, and even some bowling. Thanks so much to Resort Brokers for putting on the day, in particular Marissa, Caitlin and Gareth.Read More →

In: Accounting and Finance

Contributed By: Mike Phipps Finance on

Maximising Your Price and Minimising Stress When listing your management rights for sale it is important to appreciate that much of the information you provide will ultimately inform buyer offers and support a bank finance application. The more accurate and complete the information provided from the outset the more confident a buyer can be and the less chance of challenges as the process unfolds. The maxim in valuation has always been certainty = value, so it stands to reason that accurate and detailed listing information will attract the most appealing offers. In our business we use the listing information to pre-qualify buyers so any errorsRead More →

In: Real Estate

Contributed By: Nick Buick on

We have received a lot of feedback recently from our managers that Premier Sales Upgrades on RealEstate.com.au are very expensive (well, yes, no kidding!). There’s 4 reasons for this: Firstly, yes, Premier upgrades are the top level of upgrade and so they command a top level price. This can be problematic when you’re an onsite manager selling low-cost product like half million dollar apartments and competing with agents selling five million dollar houses. Secondly, a lot of franchise agents are on Premier All plans. These make premier listings orders-of-magnitude cheaper for such agents – and again when they are raking in fifty grand in commissionRead More →

In: Uncategorized

Contributed By: Resort Brokers on

Clearly, the topic dominating conversation at the moment is the coronavirus. Today I’m here to talk to you about the coronavirus and its effect on the permanent management rights market. In short, if any of these events have shown is just how resilient to broader economic events these businesses are. They’re strong cashflow businesses and that cashflow comes from two main sources. Firstly, the letting. This is derived from people’s rent, and rent is one of the first bills people will pay. Especially at the moment where you see many people working from home, this is really extremely important. And that rent isn’t held byRead More →

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