Patrick Bell from FNX Finance has released his 9th series snapshot based on TheOnsiteManager.com.au database. His analysis below: Management Rights For Sale – Market Analysis January 2020 Letting Pool Coverage – proportion of the total units to those within the Pool. Agreement Coverage – refers to % of total agreement term available upon purchase.Read More →
One of ResortBrokers best performing agents has made a move from her previous patch in far North Queensland to set up as a management rights specialist on the Sunshine Coast. In the three years she’s been with ResortBrokers in the far north, Chenoa has racked up an impressive $28 million in sales from 19 deals and is now looking to continue that success in her new zone. She joins ResortBrokers Senior Executive Glenn Millar as the company’s second specialist on the Sunshine Coast. Her track record speaks for itself. In November 2019, Chenoa achieved the highest multiplier (above 4.5X) in her region in recent yearsRead More →
I sit on a BC Committee for a complex in Teneriffe that has 97 lots in the building. Each lot has underground car spaces that are on-title (ie: Not common property). The car spaces are in a secure parking garage, but they are open-plan (not individually enclosed). Over the years the committee has struggled significantly to keep parking garage clean of refuse and debris that lot owners and their tenants bring into their car space and store there. Everything from old couches, cardboard boxes, tool chests to rusting car bodies is being housed in various car spaces and making a real mess of the complex.Read More →
Yes – that’s right. Chris Irons is starting with us, as reported in the Courier Mail. As the Commissioner for Body Corporate and Community Management for the past five years, Chris has been at the centre of the strata industry in Queensland. Every major issue at the core of strata in Queensland has been across his desk. His move to join Hynes Legal has been gestating for some time because it is a serious step for all concerned. It is not something that has been undertaken without a lot of planning and thought. The community around strata (and in that we include everyone from lot owners, committees, strata managers andRead More →
RealEstate.com.au (REA) recently unveiled a new feature aimed to improve the user experience for prospective tenants. It’s called the HIDE feature, and it’s available on their live portal right now, I’m bringing it up because it has the potential to impact how we go about marketing rentals. The feedback REA received from prospective tenants was they were sick and tired of seeing the same listings over and over again, every time they did a rental search. REA’s rather novel solution, was to create a feature where if ANY listing started to annoy a tenant, they can simply click HIDE and *poof* the listing vanishes fromRead More →
Dear Nick,I posted a listing last week and I can’t find it when I search for it on RealEstate.com.au! Why is it not on there?!Signed,Every Onsite Manager. This is an email I receive several times a day. It happens so often I decided to write an article about it. Firstly, it always pays to provide the LISTING ID for specific issues. It is the number shown on every listing and it will start with a 39xxxx (sometimes 38xxxxx if it’s an older one). This listing ID is like a serial number for your listing. It is unique to every single listing. You can have 200Read More →
The business is solely owned and operated by Andrea. With over 30 years in the Management Rights (MR) industry, she brings vast knowledge, experience and expansive connections within the industry. These specialists include Financier’s, Accountants, Advertising Experts and Lawyers. Her many years in the sales industry focusing solely on the sales and settlements of MR, has given her a very comprehensive list of successful transactions. Andrea was first introduced to the MR industry in 1987 when her family purchased their first MR business. During the 6 years of operation, she became fully conversant with all aspects of the business. Through living and managing this “on siteRead More →
The background Law can be a very dry occupation. As long as you are not on the receiving end of them, some of the lines in legal judgments can be somewhat amusing. One of the best judgments in recent times was the striking out of the bulk of Mark Latham’s defamation defence, but the judgment in this decision started with: ‘In his notes for a law lecture dated 1 July 1850, Abraham Lincoln wrote: Discourage litigation. Persuade your neighbours to compromise whenever you can. Point out to them how the nominal winner is often a real loser – in fees, expenses, and waste of time.’ If you were inRead More →
Welcome to our new monthly column, ‘Dear Nick’. Each month I’ll take a support question a manager has sent me, and share the advice. This month’s question comes from J. A new manager who joined our agency last year. He writes: Dear Nick, I have 3 vacancies. All are break lease. I have an obligation to mitigate the loss for each of the properties. However I also have a newly available property (tenant recently moved out) and these listings tend to get more inquires since its ad is more recent. As a result ex tenant who moved our first ends up paying more rent thanRead More →
Happy New Year everyone! We’re officially in 2020… The 20’s! It’s the first decade that has a proper name since The 90s! Gosh it feels good to be able to refer to our present era. If you haven’t made a New Years Resolution yet, I’d suggest ensuring all your tenant data is safely backed up! I know it sounds boring compared to yoyo diets or spending more time with your kids, but this resolution is vital for your business! Allow me to expand: 1Form is a wonderful tenant application platform. It can gather all the information you need to know about tenants, compile it allRead More →
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