Management Rights

Motels

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In: Body Corporate, Legal

Contributed By: Hynes Legal on

Yes, we took that from the Godfather, but why not? It is one of the greatest lines ever delivered in a movie (and credit where it is due to Mario Puzo for writing it in the first place). Anyway, enough pop culture. We don’t need any distractions this early in the new year! We have written about bodies corporate and their obligations to act reasonably over the years and this newsletter is another example of the same principle. It started with 14 owners saying ‘no’ to an application made by our client for the grant of an exclusive use space (which required a resolution withoutRead More →

In: General Interest, The Management Rights Market

Contributed By: Management Rights Sales on

As I tentatively looked into the now famous ‘Crystal Ball’ as I do at the beginning of each year, searching for predictions both negative and positive, my personal life came to the forefront of my vision. I started to wonder what I personally considered to be some of the defining moments of my year, more so than what I achieved professionally. Taking a moment to reflect and extract some wisdom from our experiences in 2015 can assist with setting us up for the year to come. So I ask, what do you consider to be some of the defining moments of the year in yourRead More →

In: Landlords, Tenants, Renting and Management, Legal

Contributed By: Barclay MiS on

We often hear complaints from our clients that when they attend Tribunal and /or Court, that they are not awarded any compensation, for instance, for the time taken to prepare an application to Tribunal/Court, or for the time taken in attendance at the Tribunal/Court. Many Property Managers have stated to us that when at Tribunal/Court they have applied for these items as compensation but it has been rejected. Certainly the management agreement between your agency and the landlord provides that the landlord will be responsible for your professional costs in preparation and attendance at Tribunal/Court, however the fact is that that agreement is between youRead More →

In: Accounting and Finance

Contributed By: Mike Phipps Finance on

If you are reading this chances are you are thinking of buying an accommodation business or you already operate one. For the purposes of what I am going to talk about in this article let’s confine our thoughts to freehold and leasehold motels and caravan parks. The object here is to contemplate the various strategies that are worth thinking about as part of the purchase process. Let’s start with the most common transaction we see and that is the purchase of a leasehold. By far the majority of our clients use a company acting as trustee for a discretionary trust. They do this for aRead More →

In: Accounting and Finance, Motels and Hospitality

Contributed By: BMT Tax Depreciation on

Did you know you could be missing out on thousands of dollars in tax deductions by not taking advantage of your depreciation entitlements? The Australian Taxation Office (ATO) allows the owners of income producing properties to claim depreciation deductions relating to the wear and tear of the building structure and the plant and equipment assets it contains. By claiming depreciation, hotel and motel owners essentially will reduce their taxable income, therefore they will pay less cash. What’s more, the fee to obtain a tax depreciation schedule outlining all of the deductions available to be claimed is 100% tax deductible. You could be missing out on:Read More →

In: Legal, Motels and Hospitality

Contributed By: Short Punch & Greatorix on

In the Management Rights Industry, many building managers enter into Agreements with people who they consider to be independent contractors. Some of these “contractors” may attend to a number of the duties that are required of the Manager, pursuant to a Caretaking or Letting Agreement. However, it is important to be aware that even though the parties may consider themselves to be in a principal/independent contractor agreement, the relationship may, according to the law, be that of an employer and employee. The distinction is important because there are significant consequences if the true legal relationship is misinterpreted. For example, an employer is responsible for remitting group tax, paying statutoryRead More →

In: Landlords, Tenants, Renting and Management

Contributed By: TheOnsiteManager on

A lot of what we do at TheOnsiteManager, is market complex rentals, and residential sales for onsite managers like you. In fact our office markets thousands of listings per year for onsite managers. So it’s safe to say, we do a lot of marketing. One of the questions I get asked time and again by our managers is how to generate more enquiries from marketing. Here’s what I’ve learned. The first thing to remember is that RealEstate.com.au’s search results are very clean. In fact there’s only 2 things you can edit that display in the search results: the rent (or sale price) and the main photograph.Basically, thoseRead More →

In: Legal

Contributed By: Hynes Legal on

Body corporate disputes can become very emotional things. This is the story of one of those. If there is one article you read this year from us, make it this one – because it is the most significant strata case in Queensland since the High Court’s decision on building defects. If you’ve spent any longer than five minutes in strata land, you come to realise that the single most important aspect of any body corporate is its requirement to act reasonably. We have written repeatedly about that, with the most recent newsletter here. In October last year, you may recall the story of a manRead More →

In: Landlords, Tenants, Renting and Management

Contributed By: Real Strategix on

Unfortunately, in this day and age, it is almost necessary for an Onsite Manager or leasing consultant to complete a course in self-defence along with their registration. I began asking Onsite Managers if any have had scary encounters whilst at a tenant’s premises. Statistically speaking, 1 in 5 had some sort of scare. I personally, have been pushed against a wall, whilst carrying out an exit inspection, by the outgoing tenant. This drew me to the conclusion to NEVER agree to conduct the inspection with them present. Routine inspections, if carried out correctly, should be fairly straight forward and the tenant should, in most instances,Read More →

In: General Interest

Contributed By: Management Rights Sales on

MR Sales are proud to welcome another full time broker with a strong team player attitude to the team. Highly skilled in sales negotiation, problem solving and relationship management, Brad is also experienced in owning and operating management rights in QLD. Brad is well regarded in the industry as a creative thinker, and as someone who gets things moving and gets things done. Following a successful career in corporate marketing and management in Australia and overseas Brad, now a Sunshine Coast local, is a passionate management rights advocate whose mission is to bring buyer and seller together for mutual benefit. Brad’s qualifications include: Licensed Real Estate Agent QLDRead More →

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