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In: Accounting and Finance, The Management Rights Market

Contributed By: Mike Phipps Finance on

As finance industry professionals we deal with banks every day and I suspect take much of what happens for granted. At a recent accommodation industry forum I was a bit surprised when the discussion turned to bank lending policies. It transpired that many operators (and therefore I presume borrowers) in the room thought that the banks solely call the shots on what can and cannot be done when they lend you money. Nothing could be further from the truth. It is true that banks have credit policies and those policies influence and inform the outcome of your loan application. It is also true that withinRead More →

In: Landlords, Tenants, Renting and Management

Contributed By: TheOnsiteManager on

Imagine being able to seamlessly manage your rental marketing inventory, directly from your trust accounting system. Now you can! As a trust accounting system, Console already knows when your leases are going to end, when new rentals need to be advertised, when new leases are signed. All the information relating to every property in the complex letting pool is already contained within Console. Now, at the push of a button, this information can be instantly shared onto TheOnsiteManager for seamless marketing management across our entire agency. Your tenant is moving out and just gave 2 weeks’ notice, at the push of a button Console canRead More →

In: Landlords, Tenants, Renting and Management, The Management Rights Market

Contributed By: TheOnsiteManager on

TheOnsiteManager.com.au signed an exciting agreement this month with RealEstate.com.au to offer a free utility connection service. Any time a tenant moves into your complex, you can simply direct them to TheOnsiteManager.com/connections to connect and disconnect all their utilities. I’ve gone through the service extensively with the good people from RealEstate.com.au and I have to say I’m impressed by how simple it is to use and easy it is to get connected. Tenants can choose which utility companies they want to use. By filling out a simple online form RealEstate.com.au will then take care of everything from connecting Gas, Electricity, Telephone, Internet, even Foxtel. They canRead More →

In: Accounting and Finance, The Management Rights Market

Contributed By: Mike Phipps Finance on

I mentioned in a recent article that when it comes to interest rates I am not a clairvoyant and so it has proved to be. The reasons why will be revealed soon enough but rst a bit of recent history. Until relatively recently banks set their home loan and residential property investment rates in accordance with the Reserve Bank cash rate. That is, if the Reserve Bank dropped the cash rate then residential property rates followed and vice versa. A little while back one of the major banks announced that it would no longer blindly follow the cash rate benchmark and instead make rate decisionsRead More →

In: Body Corporate, Legal

Contributed By: Short Punch & Greatorix on

Here at Short Punch & Greatorix Lawyers we do keep a watch out for what we call “rogue activity” conducted by Body Corporate committees and their chairpersons where they might impact on the business of the on-site Managers. When we see this happening, we particularly encourage our clients to act simultaneously in two directions. Firstly we encourage them to work with all of the owners on a process of informing the owners in the Scheme where the committee may be “off the rails” and may be acting unlawfully, not only to the detriment of the on- site Manager but in a manner that is likelyRead More →

In: The Management Rights Market

Contributed By: Management Rights Sales on

The past year or so has seen an increasing number of contracts not proceeding to settlement. This is a worrying trend with not a common reason for it happening. We have seen finance issues, Bodies Corporate not assigning, valuations of residences, buyers getting cold feet, verification of figures coming up short and issues with some older agreements all contributing one way or another to the problem. There is a role to play for everyone involved to do their part in making these things happen from the accountant putting figures together for sale, the buyers being truthful about their financial circumstances, the vendors leaving cleaning figuresRead More →

In: Body Corporate, General Interest, Legal

Contributed By: Hynes Legal on

If you have even a passing interest in federal politics, you will have seen the furore over Bronwyn Bishop’s recent taxpayer funded chopper flight to a Liberal fundraiser which was only an hour or so away by car. No doubt it was the easiest $5,000 she ever spent at the time. When it came to light there was quite legitimate outrage about the spending, and the sole defence seems to be that it was ‘within guidelines’. Some guidelines they must be. It has since been paid back. And so no one thinks we are singling out the Liberals, if you want to see what happens on the ‘other’Read More →

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

Contributed By: TheOnsiteManager on

There’s a lot of development going on right now, particularly in Brisbane. The sheer size and number of new apartment buildings that are coming online is placing some strain on existing managers trying to find tenants to fill vacancies. According to senior economist Dr Andrew Wilson from Domain, increased stock will have a short-term impact on rent in Brisbane while the additional stock is being filled. “Even though we might see some over-supply impact the market, Brisbane will generate an inner-city lifestyle,” Dr Wilson said. “It might happen (over-supply) in the short to medium-term, but the outlook for that type of development in Brisbane isRead More →

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

Contributed By: TheOnsiteManager on

We at TheOnsiteManager.com recently partnered with 1300-Unite to deliver professional tradesmen to onsite managers. Our one-stop-service shop is dedicated to helping Onsite Managers with anything that you need from installing a dishwasher, replacing a carpet, unlocking an apartment, fixing your blinds, pest control, you name it! All our service providers are: licenced, insured, police checked and they’re standing by, in your area, right now! Best of all, our service is lightning fast and incredibly easy to use! You simply type in what you need done in a couple of words, along with your name, address, phone and email, and our system operators will carefully sortRead More →

In: Accounting and Finance, General Interest, Legal

Contributed By: Hynes Legal on

We don’t like being negative nellies, but sometimes we do need to talk about the things that go wrong in these newsletters. Alan Greenspan (the then Federal Reserve Chairman in the USA) coined the famous phrase ‘irrational exuberance’ in relation to the dot-com bubble of the late 1990’s, but it could apply to any boom since (and before – even back to the tulip boom of the 1600’s.) If you were to Australianise that phrase it would be along the lines of something being ‘too silly for words’. It is not for a lawyer to talk about risk when it comes to valuations / asset pricing asRead More →

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