Management Rights

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In: Accounting and Finance, General Interest, Landlords, Tenants, Renting and Management

Contributed By: Real Strategix on

Your trust account and the way you operate it is your lifeline. When dealing with thousands of dollars there are 2 types of people. 1) Honest 2) Dishonest There is no in between. As a managing agent, landlords are trusting you to handle their income with honesty and integrity. After many years in the industry, I have performed end of months with as little as $2000 in the trust account and as great as $200 000 in the account. Each time the money, system and process were treated exactly the same……with care. One property or 1500 properties, each state of Australia has regulations and rules inRead More →

In: Body Corporate, Legal

Contributed By: Short Punch & Greatorix on

Every day, we read of the power that is wielded by elected persons around the world, either as a result of our democratic process or somebody engineering themselves into being the head of government. It is an interesting concept of democracy that we are all willing to exercise a voting right to put a person in power and then that power can be wielded with quite a degree of discretion and decision making by that person. Then you get the complete opposite where a government will not move to make a decision without a referendum or a plebiscite from the people giving it a directionRead More →

In: Accounting and Finance, The Management Rights Market

Contributed By: FNX Finance Group Pty Ltd on

The general tightening of the market we reported upon from June 2017 to January 2018 appears to be have ended and the listings’ for the businesses are now growing again and the time on the market has gone up 10 days to 86 days on average.  In the May18 quarter 73 more businesses came onto the market than the previous quarters.  The multipliers also reduced slightly which have been a result of the market conditions.  Data provided by TheOnSiteManager.com.au ‘On the Market Analysis’ – Market Pulse · The difference in Purchase Price because of the agreement type is; · 92% of all Stock is for sale inRead More →

In: General Interest, Motels and Hospitality

Contributed By: Mikolai Napieralski on

Editor’s Note: I stumbled across this tongue-in-cheek piece of Gold Coast hospitality nostalgia from last decade. It was written in a street press magazine called Team Evil and I thought I’d share with our readers for a bit of a laugh and reminisce at the colourful old Gold Coast motels, few of which have since survived. I have fond memories of staying at the original Pink Poodle when I was young and poor… good times! If you’re in the mood for further laughs, I’d highly recommend the author’s new book; God Willing; as he recounts his adventures working as a museum curator in the Middle EastRead More →

In: Accounting and Finance, General Interest, Motels and Hospitality

Contributed By: Mike Phipps Finance on

Those who know me well will attest to my obsession with detail. I think the psychiatrists call it being anally retentive, not a particularly pleasant vision to be sure. The managing director calls it a mild mental disorder manifesting itself in a capacity to be a complete pain in the posterior. I justify the way my head works by a need to be highly organised and a desire to drift off each night knowing those I rely on and trust are equally diligent. Yes, my desk is uncluttered and everything has its place. Failure to return said thing to its rightful spot will be punishableRead More →

In: General Interest, Motels and Hospitality

Contributed By: Nick Gorrell, InnerVision Media on

Facebook have just released a new low cost, standalone VR headset called the Oculus Go which is set to significantly spread the adoption of virtual reality technology. We received our new headset delivered directly from the USA yesterday and early tests show that access to virtual property tours, accessed through theonsitemanager.com.au are very easy, slick and offer excellent viewing quality. The Oculus Go will be a game changer for VR and is expected to be widely adopted very rapidly, soon there will be millions of people online searching for, and increasingly expecting/demanding, high quality virtual content. If there was ever a time to consider enhancingRead More →

In: Accounting and Finance, General Interest, Motels and Hospitality

Contributed By: HiRUM on

Article originally appears on the HiRUM industry blog What is bundling? Bundling is the term used when property managers roll all of their management services into a single, ‘overall’ commission fee, rather than charging owners a separate amount or commission rate for each sub-service. For example, as a property manager, you would traditionally charge your owners for the below services, as dictated by your body corporate agreement: Management fee: 12% of gross tariffs Marketing fee: 3% of gross tariffs Merchant fees: 2% of gross tariffs Housekeeping fees: $40/clean Linen costs: $3/bed/booking Guest amenities: $10/guest Spring cleaning: $250/year Foxtel: $35/month PABX: $30/month Normally, these charges wouldRead More →

In: Accounting and Finance

Contributed By: Mike Phipps Finance on

If you read the papers you will no doubt have seen lots of press coverage of the ongoing investigations into our banks. What we have at present is a two-pronged process with a royal commission investigating potential misconduct and the Productivity Commission investigating competition, or lack thereof, within the banking sector.  Both processes appear to be primarily focused on consumer lending as regulated under the National Consumer Credit Protection Act, albeit commercial and business lending will no doubt get some attention in due course. Needless to say, finance brokers have been caught up in the various enquiries and the press have been none to kindRead More →

In: General Interest, The Management Rights Market

Contributed By: Calvin Bailey Management Rights on

Calvin Bailey is proud to welcome Alex Barker-Ré on board. Alex joins Calvin Bailey Management Rights with a wealth of management rights experience. Selling Management Rights From 2001 to 2011 Alex represented Venz Management Rights Specialists as their North Queensland Sales Director. Working with one of the largest management rights brokers at the time, Alex was responsible for every aspect of selling management rights. Alex was responsible for selling tens of millions worth of MLR businesses and associated property. An experienced Management Rights Operator From 2001 to date Alex has managed and owned eight different management rights properties, from the Gold Coast to Port Douglas and Cairns. His knowledge of the industry is second to none – having hands on experience of permanent and holiday lettingRead More →

In: General Interest, The Management Rights Market

Contributed By: CBRE on

Brisbane, 19 April 2018 – CBRE Hotels is expanding its hotel division with a new Management Rights service line following the appointment of Shane Mullins as a dedicated specialist in the field. Mr Mullins, who has more than 10 years’ experience in the hospitality sector, will lead the new Management Rights business line, which specialises in the management and letting of strata titled units on the Eastern Seaboard. Wayne Bunz, National Director of CBRE Hotels, commented on the team’s expanded capability; “We are extremely excited to welcome Shane to the team. Shane’s extensive knowledge in the management rights space further complements the comprehensive hospitality expertiseRead More →

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