Management Rights

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In: Landlords, Tenants, Renting and Management

Contributed By: Nick Buick on

There are very few certainties in life, and even fewer in business – yet over the last 14 years one thing that has been proven to me is if you don’t recognise and embrace beneficial change – your business will wither and die. When I built TheOnsiteManager back in 2005, the concept of an online portal for Management Rights seemed ideal. There we were with a multi-billion-dollar management rights marketplace just sitting there, and the only way to actually sell a management rights was to shove a little ad onto a dark corner of the Gold Coast Bulletin newspaper and hope for the best. ToRead More →

In: Accounting and Finance

Contributed By: Mike Phipps Finance on

I trust this letter finds you well.  Please forgive me for not writing earlier but I have been meeting clients all weekend and every evening. Thanks so much for your recent correspondence albeit at 950 + pages I must confess I have not read the entire document in detail.  Sufficient to say that what I have read, particularly in relation to finance brokers and mortgage brokers troubles me, not least because your findings seem to reflect a lack of understanding of what it is that finance brokers actually do. How could this be I wondered? Surely the many days that you and Rowena spent imbeddedRead More →

In: General Interest, The Management Rights Market

Contributed By: Resort Brokers on

Industry experts will field questions from guests eager to pursue opportunities in the Management Rights sector at a gathering to be presented by ResortBrokers on the Gold Coast at the end of April. Designed to assist newcomers to the industry, the ‘Management Rights Made Easy’ evening will be the latest in a long-running program of popular events conducted by ResortBrokers in the coastal tourism and lifestyle hotspot. Hosted at the Arundel offices of accommodation software specialist Hirum, the event gathers industry experts from various professions to share their extensive experience. New and intending building managers will enjoy quizzing the specialists in a relaxed forum thatRead More →

In: Body Corporate, Facilities Management, Legal

Contributed By: Short Punch & Greatorix on

The job of an on-site manager can be a difficult one.  It necessitates a delicate balance between maintaining a good relationship with lot owners and occupants on the one hand, and ensuring adherence to the Body Corporate scheme by-laws on the other. This was illustrated in a recent case in the Southport Magistrates Court, in which Short Punch & Greatorix successfully acted for a manager. In this instance, the manager had been concerned with ensuring that the pool and spa area of his building were operated in a manner that was compliant with the scheme by-laws. The building had, amongst its occupiers, a number ofRead More →

In: Body Corporate, Facilities Management

Contributed By: Stephen West of managementrights.education on

The knowledge a new entrant to the Management Rights Industry commences can be very limited, and more often than not, it is limited to the three days of industry licensing. Significantly, many managers entering the Industry, are quite unsure what they have to do, what the role entails, how they do it, and where to turn when they have an issue. Committees look at the experience of an incoming Building Manager at an assignment meeting and find it is their life experiences only that fills the skills requirements.  Certainly, backgrounds in maintenance, administration and the like are helpful, but is the lack of understanding settingRead More →

In: Landlords, Tenants, Renting and Management

Contributed By: Nick Buick on

As an online real estate office servicing onsite managers, TheOnsiteManager.com.au has over 400 building managers in our agency now. We’re marketing over 7000 rental properties per year and one thing our managers have been asking us for, for a very long time, is an Inspect Now Booking Button. The Inspect Real Estate (Booking Button) system allows prospective tenants to easily book inspections with managers at times convenient to both parties. It ensures less no-shows, drives more leads, and keeps prospects informed of any changes to the listings they’re enquiring about. It’s a very powerful and comprehensive system that is being used by most of the majorRead More →

In: Accounting and Finance

Contributed By: Mike Phipps Finance on

We have talked in the past about our view that we are moving into a tighter credit environment in which bank lending guidelines will become stricter. We also talked about challenges existing borrowers are having with annual business loan reviews and extended interest only periods. I am less than delighted to announce that for once our predications have come to fruition.  Daily feedback from borrowers suggests that times are indeed becoming challenging both for new borrowers and for existing operators. To be frank some of the concerns raised with us are of the borrower’s own making and reflect a lack of understanding of the termsRead More →

In: The Management Rights Market

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 →

In: Body Corporate, The Management Rights Market

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 →

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