Management Rights

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In: Accounting and Finance

Contributed By: Mike Phipps Finance on

“Value : A quality or idea that is considered important. The word value comes from the Latin Valere, which means: Be worth. Value is defined as the worth, usefulness or importance of someone or something.” Courtesy of Professor Google Value for money. I value our friendship. Value versus return. My personal values. Value of my personal wealth.  Valuations.  Loan to valuation ratio. Value of the dollar. Value of my time. Our corporate values. Value Value Value………………….it’s a blur but what does it really mean? I’m prepared to have a crack but first, a caveat.  Given that trying to discern value in its many forms is a bit like attemptingRead More →

In: Legal

Contributed By: Short Punch & Greatorix on

A Townsville Management Rights operator has lost their management rights because of failure to comply with the BCCM Act.  On 10 July 2019 Adjudicator Barry declared that body corporate committee resolutions from 2015 consenting to the transfer of management rights were void… Accordingly, the current management rights operator did not own the management rights, despite having performed the caretaking duties, and having been paid for doing so, for almost 4 years. The Adjudicator’s decision was the latest in a line of decisions dealing with the management rights for Allure Apartments CTS 46322 in Townsville.  On 26 September 2018 another Adjudicator had declared the letting agreementRead More →

In: Body Corporate

Contributed By: TheOnsiteManager on

One of our core services at TheOnsiteManager.com.au is to assist managers selling properties within their complex. This is a vital service for managers as it allows them to grow and retain their letting pool, compete and guard against outside agents, and generate additional (and considerable) revenue through sales commissions. To this end, we provide all the tools, databases, contracts and paperwork needed by the manager. We also allow the manager to market the sale on all the major portals around the country. We don’t charge any commission (at all!) to do this which makes our service hugely popular with over 370 managers engaging our agencyRead More →

In: Events

Contributed By: Nick Buick on

The date is fast approaching (November 22nd) for our second annual industry night: THE Industry Awards. Our managers are voting at a furious pace to nominate THE professionals across each category who have gone above-and-beyond in the last twelve months – their votes will determine who takes out the highly prestigious excellence awards this year. All of our sponsors: Complex External Cleaning, BCRC Engineers and RealEstate.com.au will all be at the lectern on the evening to announce the winners in each category: Finance, Accounting, Legal, Broking, Body Corp Management, and Relief Management. As an added twist on last year’s program, we’ve also included a managerRead More →

In: Motels and Hospitality, The Management Rights Market

Contributed By: Nick Buick on

Every single month an excess of thirty and up to forty thousand visits flow through TheOnsiteManager viewing Management Rights and Hospitality listings and this volume of traffic continues to grow year-on-year at a rate of more than 10%. In August this year, over 33,000 buyers came to TheOnsiteManager, by comparison, the nearest competitor achieved just 4,390 over the same period (we beat them by over 750%). Put simply, TheOnsiteManager will put your listing in front of more buyers in just 4 days, than the nearest competitor can hope to achieve in an entire month. As the number 1 portal in this industry, the traffic achievedRead More →

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 →

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