Management Rights

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In: Events, General Interest

Contributed By: Nick Buick on

After the runaway success (and promptly copied 😉) 2018 awards night – we’re thrilled to announce the official 2019 Industry Excellence Awards. The awards night will be November 22nd, at The Warehouse Function Centre in Fortitude Valley, an amazing multi-level function facility with a rooftop bar and space for 400 guests. We look forward to a sensational evening of fun and celebration as we acknowledge the service providers who gave their all in 2019 and made our industry a strong, exciting and amazing field in which to operate. As always, all winners are decided by the most nominations from our onsite managers – so rememberRead More →

In: Body Corporate, Landlords, Tenants, Renting and Management

Contributed By: Nick Buick on

I recently purchased a Telsa X to replace my Rangerover. In the last year of use, my beloved V8 Supercharged Autobiography cost me over $18,000 in servicing maintenance and fuel. Enough was enough. I never wanted to pay for fuel, maintenance or servicing ever again, so I called up my local Telsa dealer, ordered a car, and a week later it was sitting in my driveway. What impact will these EVs have on Body Corporates as more and more take to our roads? Having now owned a Telsa for six months, I have never felt more comfortable about my decision! The car is incredible. ItRead More →

In: Landlords, Tenants, Renting and Management

Contributed By: Nick Buick on

As we explained recently in this article, the net benefit of upgraded listings is greater than their cost, meaning they actually save owners money rather than costing it. Well, we’ve now sat down with RealEstate.com.au who have painstakingly reviewed our listing data and composited a beautiful 30 page report quantifying EXACTLY how much that net benefit equates to, and the numbers are staggering. Even I was surprised – EVERY onsite manager needs to read this article. Lets break it down! What is a Feature Listing Feature listings appear ahead of Standard listings Interactive photo carousel highlights the best features Receive 1.6x more Average Views thanRead More →

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

Contributed By: Hynes Legal on

Back when real estate wasn’t as expensive, multipliers weren’t as high and banks didn’t care as much about serviceability as they did security, buying a lot with a business all worked without much of an issue. That has changed (noticeably for high value real estate with shorter term management rights agreements), which has led to us receiving lots of requests from clients about separating their lot from their management rights business.  Every management rights business is different. There are no hard and fast rules, but in general terms, these are the issues that come if you want to consider doing breaking that link. Let’s startRead More →

In: Accounting and Finance

Contributed By: Mike Phipps Finance on

As some of you will no doubt have figured out by now, I have a weakness for cars.  Old cars, new cars, fast cars, slow cars, even electric cars and the occasional motorcycle. I am fascinated by cars and the auto industry. This basic flaw in my good judgement has led to me investing wisely in a few vehicles, much to the dismay of the managing director.  By wise investment I mean spending more than said vehicles will ever be worth and then justifying the “investment” by grossly overinflating the values when debating the matter with my accountant, bank manager and afore mentioned MD. MyRead More →

In: Landlords, Tenants, Renting and Management

Contributed By: Nick Buick on

There is a VERY strong mentality amongst onsite managers, that upgraded listings are expensive. I hear it every day. I get managers calling me up telling me they desperately need to find a tenant, and they’re losing rent, and when I explain the very simple solution is to boost exposure, they balk because of the ‘high cost’ of an upgrade. This is wrong-headed thinking and not the correct way to approach marketing. Marketing doesn’t cost money, marketing saves money!!! Good agents know this. The average real estate agent commits hundreds of dollars EVERY MONTH on EVERY RENTAL LISTING to market them. In fact most realRead More →

In: General Interest

Contributed By: Nick Buick on

Last night our technicians did a final migration and switched on our new hosting server. It’s been a few years since we performed a major upgrade on our hardware infrastructure and the site has grown immensely since then and surpassed the technology it was running on. We’re now running independent solid state RAID drives for both our file system and database, we increased RAM, beefed up our processing power and took out a totally separate server just for our website to keep it completely isolated from the other sites our company hosts. The speed increase is considerable, but more importantly, the speed will be consistentRead More →

In: The Management Rights Market

Contributed By: Patrick Bell - FNX Finance on

Today we present the seventh in our series of analysis on the selling market for Management and Letting Rights (MLR).  We have been collating this data quarterly since June 2017 and the following is a broad summary; ·      Stock levels are continuing to slightly decrease from our January 2019 update. ·       This has largely been in the holiday space, with permanents increasing. ·       The average listing period of all buildings has been 72 days in the last quarter.  With an additional 90-100 to complete settlement. ·       There is about 0.1x lower multiplier for Standard Agreements over Accommodation Agreements. There is the full detail and some simple graphs byRead More →

In: The Management Rights Market

Contributed By: Accommodation Business Brokers on

Most accommodation business owners eventually reach a point in their careers when they consider selling the business so they can enjoy the fruits of their hard work. If you are at this point yourself, now could be a good time to sell. The job market has cooled down so more people are looking to control their own destinies by running their own businesses. The trick when you have an accommodation business for sale is to make your business the most attractive option for people wanting to make a purchase. So, how can you do this? Follow these three essential tips for selling a motel, caravanRead More →

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