Management Rights

Motels

Caravan Parks

Employment

 

In: Legal

Contributed By: Hynes Legal on

Acquiescence.  Such a beautiful word.  But not when it comes to by-law enforcement. Enforcing by-laws is not an optional activity. By-laws must be enforced, and the responsibility for their enforcement lies with the committee. There are a few golden rules that all committees must follow when it comes to by-law enforcement. The by-law enforcement process in the Body Corporate and Community Management Act 1997 (BCCM Act) must be followed. The BCCM Act sets out a specific procedure for enforcing by-laws.  Regardless of your personal view on the effectiveness (or otherwise) of these procedures, the committee must follow them.  Deviate from the procedural requirements at yourRead More →

In: Accounting and Finance, Motels and Hospitality, The Management Rights Market

Contributed By: Mike Phipps Finance on

In our last bulletin we talked about our view that we are moving into a tighter credit environment in which bank lending guidelines will become stricter. We also talked about challenges existing borrowers are having with annual business loan reviews and extended interest only periods. The reaction to this bulletin has been remarkable with many business borrowers expressing concern around a range of experiences they are having with their lender. To be frank some of the concerns raised with us are of the borrower’s own making and reflected a lack of understanding of the terms and conditions of the loan. In many cases we haveRead More →

In: General Interest

Contributed By: Nick Buick on

September 1st 2016 saw us launch the new site interface. The objective was to ensure content and advertising was more integrated so the site flowed better, and also ensure we had better support for mobile devices. Ensuring less pitfalls for our managers was also a big priority, so we now screen uploaded images to check they are named correctly, inspection times can now be added using an html5 calendar widget, and images are uploaded in sequence now so corrupt files are easier to spot. Other enhancements include the ability for Brokers to buy more featured listing credits as they need them. PDF brochures can nowRead More →

In: Body Corporate, Legal

Contributed By: Kerin Benson Lawyers Pty Ltd on

Pokemon Go is all over the news with stories of people walking out onto roads into the path of cars and others being lured into areas and then attacked. Someone has reportedly gone so far as to quit their job to play it full time. These are obviously extreme examples. What has been happening on a daily basis and which has only been touched upon in the news is that some property owners have been inundated with strangers entering their property when playing their game. This blog is to highlight some of the issues for owners corporations and community associations. First, what is Pokemon GO?Read More →

In: The Management Rights Market

Contributed By: Lindsay Petty Management Rights on

There have been many of articles written on the Management Rights business model in Queensland over the years. Multipliers in Management Rights are one of the key areas that people are keen to find out more about. Like most business operations the model is the same however the individual businesses can vary considerably. Management Rights are no different. A real estate agency or a McDonalds franchise, they are all individual businesses but have an overlying business model structure in place. The management rights business model has some real strengths when we compare to various other models. If we look at some of these strengths: The BC salary, or often known as the remuneration,Read More →

In: Accounting and Finance, 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 (See the original article here). 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 →

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

Contributed By: Cubbi on

Your investment property could be at serious risk of damage with a new trend of tenants holiday letting rooms or the entire property through Airbnb on a per night basis. This can significantly increase the risk of damage and security of your property without the extra reward for you as the landlord. In other words your tenant could be making extra income from your property but you are wearing the risk. Legislation governing tenancy agreements is outdated as most of it was written before Airbnb existed. So you need to be proactive and start protecting yourself. Quick disclaimer first. I am not a lawyer soRead More →

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

Contributed By: Real Strategix on

We have all seen the show “Undercover Boss”. There have been two instances over the past 2 years that I have placed myself in the relief management/temp world as an “undercover boss”. What is it really like to be a relief manager? “Easy” you’d think. You just come in, do your job, leave at the end of the contract and get paid well. You are greatly mistaken. When I first put the feelers out about starting Real Strategix Relief Management Program it happened by sheer accident. As you quite possibly know I am a Trainer. I have over 15 years’ experience in all aspects ofRead More →

In: The Management Rights Market

Contributed By: TheOnsiteManager on

American cowboy Will Rogers uttered the famous quote: ‘It takes a lifetime to build a good reputation, but you can lose it in a minute.’ In Management Rights it’s not just your reputation that must be built, but that of the complex as well – this can be particularly problematic when a complex is purchased from a less-than-perfect, former manager. Many onsite managers to-be will seek out businesses with a very small internal letting pool and a large number of outside agents. This situation is often symptomatic of an incompetent manager who has lost the trust of investors and is selling an under performing business. If it can beRead More →

In: Events, Motels and Hospitality, The Management Rights Market

Contributed By: TheOnsiteManager on

Brisbane Airport Corporation invited TheOnsiteManager along to their community workshop to talk about their latest projects, how they are being implemented and what they mean for tourism businesses in Queensland. Over the next decade, BAC are investing $3.8 Billion into new infrastructure projects. International travel is growing at a rate of 6% PA presently and the corporation wants to ensure the Brisbane Airport offers a world-class facility that can accommodate this continued growth. The first thing that they pointed out was the New Parallel Runway (NPR) project. Paul Koglan, their lead project manager, tells us it will be operational within 4 years. Currently, the airportRead More →

ADVERTISMENT: