Management Rights

Motels

Caravan Parks

Employment

 

In: Events

Contributed By: Wesley Venz. Principle of Venz Management Rights Buyers Agency on

Management Rights is a unique and specialised industry. After all, what other small business do you require an educational qualification and a licence before you can operate the business? For those of you looking into this industry, the easiest way to obtain up-to-date, factual information is to attend a Management Rights Buyers Seminar. The REIQ (Real Estate Institute of QLD) is the original provider of the Management Rights seminars. Starting in the 1990’s, they are conducted by current professionals who work in the industry and are designed for people interested in learning more about Management Rights. The point of difference with this seminar is thatRead More →

In: Accounting and Finance

Contributed By: Mike Phipps Finance on

Irony: noun; the expression of one’s meaning by using language that normally signifies the opposite, typically for humorous or emphatic effect. I’ve got this mate, well, more a long term acquaintance really. Known her since I was in my teens. Purely platonic relationship over the past 40 years and we still catch up regularly to this day. She was pretty popular back in the day and had most of the local boys tied in knots. Even after 40 years she’s still a very attractive lady, super intelligent and very professional, at least to the casual observer. She’s had an interesting life and recently called me to seeRead More →

In: Events, General Interest

Contributed By: Nick Buick on

2018 was the maiden year of our Industry Recommended Professional program – an initiative where we ask our ~420 onsite managers around the country to nominate the best-of-industry suppliers across a range of categories. The purpose of this program is to identify industry suppliers operating at the highest levels of integrity and merit. Any supplier displaying an Industry Recommended Professional decal can be regarded as coming highly recommended by onsite managers, themselves. Last Friday, the 19th of October we held our inaugural Industry Recommended Professional Awards Night where we tallied up ALL the nominations, identified the industry suppliers with the MOST nominations in each category,Read More →

In: Accounting and Finance

Contributed By: Mike Phipps Finance on

Bob Was Right The Stones said time is on our side.  Prince said it was a sign of the times. The Foo Fighters said times like these. Bob said it best Come gather ’round people Wherever you roam And admit that the waters Around you have grown And accept it that soon You’ll be drenched to the bone. If your time to you Is worth savin’ Then you better start swimmin’ Or you’ll sink like a stone For the times they are a-changin’. Bob Dylan , The Times They Are A Changin’, 1964 Life moves pretty fast and, as Ferris Bueller wisely noted, if youRead More →

In: Legal

Contributed By: Michael Kleinschmidt of Stratum Legal on

In the Norwinn Commercial CTS 38094 the developer had been paying all the costs of maintaining an elevator located on common property. The elevator serviced foyers on only two levels of one building in the Scheme. Each foyer led to common property and Lot 8. None of Lots 1 – 7 could access their upper-level using the elevator, however all Lots had internal stairs. The developer went into receivership and all lots were sold. The new owner of Lot 8 determined, correctly, that the elevator should be maintained by the Body Corporate as utility infrastructure. The reason being that it supplied utility services not onlyRead More →

In: Accounting and Finance

Contributed By: FNX Finance Group on

Today we present the fifth 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 continue their growth which commenced in January 2018.  There is now $1b of MLRs on the market.      – This has largely been in the Permanent and to a lesser extent the Corporate space.      – The average listing period of all buildings has been 71 days in the last quarter.  With an additional 90-100 days to complete settlement.      – There is about 0.2x lower multiplier for Standard AgreementsRead More →

In: Landlords, Tenants, Renting and Management, Legal

Contributed By: Michael Kleinschmidt Stratum Legal on

On 26 September 2018 Adjudicator Roseman declared the letting authorisation for Allure Apartments in Townsville void.  The management rights operator, Allure Townsville Accommodation Pty Ltd (ATA), had taken a transfer of the letting authorisation in June of 2015.  The management rights were transferred from Allure Hotel and Apartments Pty Ltd (AHA) who had acquired them from the developer, South Townsville Developments Pty Ltd, on 3 September 2014. From the beginning, the management rights business had been operated from a manager’s unit (lot 201) and a reception area, initially located on the common property. While AHA was the operator, that area of common property was convertedRead More →

In: Motels and Hospitality

Contributed By: Chris Rowe, Accommodation Business Brokers on

This wide brown land is full of stunning vistas and incredible experiences. It’s no wonder Australians, and overseas visitors are so keen to explore our great in-lands not just cities and coastline. Tourism is listed as one of Australia’s top-tier industries of the future. With the Australian Bureau of Statistics showing that regional Australia currently claims 45 percent of ‘visitor nights’ and 44 percent of traveller spending money, there’s plenty of opportunity for accommodation businesses and in particular Motel owners. Why buy a Motel? If you’re new to the hospitality industry, a Motel can be an excellent first business. Like any accommodation business, running your own MotelRead More →

In: Accounting and Finance, The Management Rights Market

Contributed By: Mike Phipps Finance on

Rules are interesting. Some think the more rules the better while others subscribe to the school of discretionary decision making. I am a fan of some common sense latitude in most decision making processes, particularly those involving the individual merits of a finance application. It is true that many cry out for absolute certainty in all things finance. Problem is, hard and fast rules will inevitably gravitate to a lowest common denominator environment where we will all be compelled to walk as slow as our slowest borrower. Have a look at some of the people giving evidence at the banking commission and I would proposeRead More →

In: Body Corporate, Legal, The Management Rights Market

Contributed By: Short Punch & Greatorix on

Some time ago I published an article on what I thought was reasonable for a Body Corporate to request from a buyer of management rights, in considering whether or not a Body Corporate committee should consent to the transfer of management rights agreements to the buyer. This is an important issue, because under the Body Corporate and Community Management legislation, a Body Corporate committee must not unreasonably withhold approval to a transfer. Under the legislation, one of the matters which a Body Corporate committee may have regard to is the financial standing of the proposed transferee.  My opinion as expressed in my previous article wasRead More →

ADVERTISMENT: