Management Rights

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In: Events, General Interest

Contributed By: Nick Buick on

Our friends at Resort Brokers have organised a Gala Lunch for one of their own: Brad McDowall and his family. This is a really good cause, and it’s a well known fact that Resort Brokers know how to organise a Gala! The prizes they have pulled together are nothing short of spectacular and they have asked me to forward this invitation to all of our database which I’m more than happy to do. I hope you’ll all try and get along to this and help throw your support behind Brad and his family any way you can.  Please join us… Thursday April 19th 2019 atRead More →

In: General Interest, Motels and Hospitality

Contributed By: HiRUM Software Solutions on

Article originally appears in HiRUM industry blog: https://www.hirum.com.au/blog/responding-online-guest-reviews/ The benefits of building a strong online review profile are irrefutable…Online reviews not only provide a unique opportunity to foster guest relationships post check-out, but have also been proven to deliver higher profits to accommodation providers. We discussed these benefits in more depth in a recent blog article. Now, we would like to explain to you the benefits of responding to the reviews your property receives & how you should go about doing so. Reviews, responses and Google It’s rare for Google to openly discuss aspects of their ranking algorithm, but perhaps in an effort to support small business,Read More →

In: Legal, The Management Rights Market

Contributed By: Short Punch & Greatorix on

Something has got to be done about the “industry” that is developing, or has already developed, around the process of a body corporate giving its consent to an assignment of Management Rights Agreements (Caretaking and Letting Agreements for Schemes). This harmful industry has sprung up from the activities of some Body Corporate Managers, Solicitors and so-called “experts” in assessing the merits of the assignee, when a party is buying the management rights and the selling manager seeks the consent of the Body Corporate. The job of the committee of the body corporate is simply to check the material submitted by the assignee, have an interviewRead More →

In: Landlords, Tenants, Renting and Management, Motels and Hospitality

Contributed By: HiRUM Software Solutions on

ARTICLE ORIGINALLY APPEARED IN HIRUM INDUSTRY BLOG Unless you’ve been living under a rock, you would have seen the quick rise of private letting channels such as Airbnb, Stayz and HomeAway. If you’re the owner of a management rights business, you may not be their biggest fan. Disruptive companies, in any industry, often cause issues for existing operators within that industry. In the case of property management, you may be worried about losing properties in your letting pool to owners wishing to let privately, or you may have had bad experiences with the guests or bookings from these channels. Whatever it may be, this articleRead More →

In: Motels and Hospitality, The Management Rights Market

Contributed By: Wes Venz on

So, you’re searching for your ideal management rights?  This process can be time consuming, costly, stressful and frustrating to say the least!  There is a need for an alternate way of buying a Management Rights business. I’ve recognised this need and started Venz Management Rights Buyers Agency.  A first for the management rights industry.  Think of us as a Management Rights agency but on the other side of the fence, your side, the buyer. When it comes to buying management rights most buyers aren’t fully informed, nor get the advice, help and assistance they deserve, because they are dealing with the agent that is workingRead More →

In: Accounting and Finance, General Interest

Contributed By: Mike Phipps Finance on

We live in uncertain times. Disruption is everywhere. Unpredictability is the new normal and in a world of constant change who would dare to suggest what 2018 might hold. Yep, you guessed it, I’ll have a crack! Let’s look at 2018 with crystal ball in hand and tongue firmly in cheek. In no particular order and based on nothing but wild guesses, blind hope and a generous serve of optimism here we go………. 1. The word Like is banned from use by anyone under the age of 35, thereby rendering speechless an entire generation and having absolutely no negative impact in the national discourse 2.Read More →

In: Facilities Management, Motels and Hospitality

Contributed By: HiRUM Software Solutions on

Article originally appeared in HiRUM Industry Blog Find links to resources and information that will help you become ‘Games’ Ready. With the impending ‘Games’, things are going to get extremely busy in Queensland. With 6,600 athletes, 15,000 volunteers and 1.5 million spectators converging on the Gold Coast, Sunshine Coast and as far as FNQ. Given the number of people visiting and with the ‘Games’ craziness about to begin, you want to make sure your business is ready and that you are as prepared as you can be. At HiRUM, we are in the process of planning; coordinating staff travel plans and re-organising deliveries etc. ThereRead More →

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

Contributed By: Short Punch & Greatorix on

ARTICLE BY JOHN PUNCH Ever since management rights sales began some 38 years ago, the standard method for calculating a sale price has been to apply a multiplier to the net operating profit of the business, for a one year period preceding, but ending as close as possible to the signing of the contract. Some lawyers and accountants are now proposing to allow for adjustment of the sale price at settlement to take account of any lots that may leave the letting pool between the signing of the contract and the day before settlement. Generally, we find that as soon as we inform any sellersRead More →

In: Body Corporate, Facilities Management, The Management Rights Market

Contributed By: Nick Buick on

I recently had an interesting discussion with one of our managers, lets call him Geoff, whose Body Corporate committee had very generously advised him they were concerned he was being underpaid. Our manager asked me how much remuneration I thought a manager of a complex of his size and location should be paid… and I’m embarrassed to say, all I could do was shrug my shoulders. You see although I’ve worked in this industry for over a decade, speak to dozens of onsite managers every day, and am a licenced letting agent myself… The truth is, I personally, have never worked as a caretaker andRead More →

In: Accounting and Finance

Contributed By: Mike Phipps Finance on

Here’s a scenario. Imagine that you have accidentally killed someone or maybe you have committed a major white-collar crime such as embezzlement. Now, imagine that you’ve gotten away with it. Years have passed and you’re in the clear. Trouble is, you are overwhelmed with guilt. Maybe you’ve had a change of heart, or just genuinely become a better person, and you wish to set things right. What should you do? Turning yourself in might give a sense of relief, closure and justice to those affected by your crime, but it will also cost the state a whole lot of money to investigate your crimes andRead More →

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