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In: Landlords, Tenants, Renting and Management

Contributed By: TheOnsiteManager on

NOTE: This is an older article from 2016, we have now overhauled our software to *automatically* strip the unit number out of the listing for you before sending it to outside portals. You should therefore now include the unit number in your address, and keep the box marked “Show Unit Number To My Competitors” set to NO. This will then ensure all systems work optimally for your owner’s security. As a manager you have a finite number of owners in your complex. As such, outside agents have the potential to inflict enormous damage to your income and the value of your business if you let them.Read More →

In: Events

Contributed By: Nick Buick on

Industry experts will provide a full industry overview covering Legal, Brokering, Finance, Accounting and more. Join us for an in-depth educational event on the Management Rights industry. Hear from Industry Experts including: Think Management Rights Narelle Filmer & Wayne & Linda Stoll Agents, First National Think Management Rights The team at Think Management Rights have been involved in the Management Rights Industry for over 20 years and have been brokering for the past 10 years as directors of their own agency. They have owned and operated a number of their own Management Rights businesses and understand the complexities of the industry. This team have soldRead More →

In: Body Corporate, Legal

Contributed By: John Punch of Short Punch & Greatorix Lawyers on

Lawyers acting for buyers of Management Rights are often faced with the task of trying to explain to their clients problems which they may face as a result of badly worded Caretaking and Letting Agreements.  Much of this could be avoided if developers and their advisers took more care in preparing these agreements. Developers have a golden opportunity to set up Management Rights in a way that will not create difficulties for building managers. The developer is in complete control of the Body Corporate at the time the original Caretaking and Letting Agreements are put in place.  Unfortunately where the developer’s lawyers are not managementRead More →

In: The Management Rights Market

Contributed By: FNX Finance Group on

Today we present the eighth 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 have started to increase from May 2019.  ·       This has largely been in the permanents and student accommodation space, with holiday also increasing.·       The average listing period of all buildings has been 74 days in the last quarter.  With an additional 90-100 to complete settlement. Data source: TheOnsiteManager.com.au Market Snapshot – September 2019 ‘On the Market Analysis’ – Market Pulse Management Rights For Sale Letting Pool Coverage – proportion of theRead More →

In: The Management Rights Market

Contributed By: Nick Buick on

I sat at the meeting table, across from the principal of one of our longest serving broker firms. Faintly in the distance, I could hear a clock ticking. We’d both decided to skip the coffee as we’d both already drunk far too many that morning. I stared and him, and he stared at me… “Well” I began, “When marketing Management Rights on our portal, it’s really important you take advantage of all the feature listing allocations included with your broker plan.” “hmmm” he nodded sagely before pausing. He looked up at me from the table ”But why?” “Well…” I continued, ”because they are way moreRead More →

In: Landlords, Tenants, Renting and Management, Uncategorized

Contributed By: Nick Buick on

Realestate.com.au’s Rent Specialist, Kurtis Pirotta, sits down with a local tenant to discuss exactly how tenants are using their service these days to locate rentals from TheOnsiteManager. There’s a lot of great information here about how we can tailor our marketing strategy to capitalise on tenant search methods. Check it out!Read More →

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 →

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