Management Rights

Motels

Caravan Parks

Employment

 

In: General Interest, Motels and Hospitality, The Management Rights Market

Contributed By: TheOnsiteManager on

A couple of years ago, someone put me onto this little-known app called Netflix. Within about 15 minutes of having my TV connected to Netflix, I picked up the phone, called Foxtel, and cancelled my subscription on the spot… the $9.95 a month account that I’d opened on Netflix offered thousands of hours of on-demand, commercial-free entertainment, and had instantly removed the need for my $100 a month, ad-ridden, rerun-filled Foxtel account, forever. I’ve never looked back. These businesses are called disruptive innovators, or disruptors. They don’t create new markets they simply evolve existing markets and cause a disruption to the existing businesses trading inRead More →

In: Motels and Hospitality, The Management Rights Market

Contributed By: Resort Brokers on

Significant opportunities are now available in regional Australia for experienced, resourceful motel operators willing to back their own judgment and ability. Amid the fallout after the mining construction boom, fortune will indeed favour the bold. Many strong regional towns suffered a dramatic downturn as mining construction declined. Motels that experienced outstanding trading during the resource-fuelled boom, now find a remarkable high has been followed by a demoralising low. Some who reaped considerable benefits during the good times have, sadly, had their spirits knocked by the downturn. Understandably, they are ready and eager to sell and move on. So, as one door closes, another door opens.Read More →

In: Accounting and Finance, General Interest, The Management Rights Market

Contributed By: Mike Phipps Finance on

It seems that in this quite buoyant (some might say bullish) market lots of buyers are interested in getting into accommodation businesses that they cannot afford on their own. Obviously one way of achieving this outcome is to find some investors, create a partnership and go shopping. Certainly if you fall into this category as either active operator or investor we can help in terms of managing the entire process on your behalf. A word of caution however. Only experienced managers need apply. The clear message from the investors we talk to is that the managing partner needs to have a demonstrated history of successfullyRead More →

In: Body Corporate, Legal

Contributed By: Hynes Legal on

Under the Work Health and Safety Act  there are a range of codes of practice that have been issued by Safe Work Australia. As you would expect, there is a code of practice about managing the risks of falls at workplaces (the Code). A management rights business remains a far less risky business from a work, health and safety perspective than most industries. If you subscribe to Safe Work Australia’s updatesyou will receive regular emails about far more serious injuries than are ever likely to occur in a management rights context. There are some unfortunate (and regular) reminders of the dangers of working with heavy machinery. Working at heights in aRead More →

In: General Interest, The Management Rights Market

Contributed By: TheOnsiteManager on

Winward Apartments Mooloolaba. Think Management Rights Team would like to congratulate the new managers of Winward Apartments Mooloolaba Neville and Gloria Dyne. Neville and Gloria have extensive experience in Hospitality and administration and bring a wealth of knowledge and expertise to the Management Rights Industry and are looking forward to the challenge with the assistance of the Wayne & Linda Stoll and the Think Management Rights team with a combined 50 years of experience and knowledge. We would like to personally thank Wayne & Linda in assisting us finding the right property, once we briefed the TMR team they then worked diligently with us andRead More →

In: Accounting and Finance, General Interest, The Management Rights Market

Contributed By: Mike Phipps Finance on

I write this month’s missive at 40,000 feet returning from across the ditch after a series of pretty successful management rights seminars in New Zealand. Aeroplanes are great places to write these articles as there is bugger all else to do and just how many re – runs of Two and A Half Men can one man watch anyway ? The Kiwis seem keen enough about Aussie management rights and certainly the exchange rate is very tempting having improved dramatically over the past year. Interest rates still look a bit high in NZ and the question everyone asks is “what’s happening with the Australian domesticRead More →

In: Body Corporate, Legal

Contributed By: Hynes Legal on

Everyone (probably) knows that there are a maximum of seven voting committee positions for a committee formed under the Body Corporate and Community Management Act 1997 (BCCM Act).  These are the chairperson, the secretary, the treasurer and then four ‘ordinary’ committee positions. The question that sometimes arises is what each of these people are responsible for. It is quite interesting (and perhaps that’s just the lawyer in us) in terms of what most committees fall back to as a default position as against what the BCCM Act actually prescribes. Those default positions are not necessarily the legislative requirements. The first distinction to draw is between executive committeeRead More →

In: Body Corporate, Legal

Contributed By: Hynes Legal on

We get an enormous range of questions on how bodies corporate go about their daily business. One of the most broadly asked questions is how a body corporate makes a decision. A body corporate is a creature of statute. The Body Corporate and Community Management Act 1997 (BCCM Act) sets out the rules about how it must operate. A single person (chairperson or otherwise) can never make a decision on a body corporate matter (leaving aside delegated authority which is far too complex to discuss here and really only applies to BUGTA regulated schemes). This will be a bit of a back to basics newsletter for strata managers (who probably knowRead More →

In: General Interest, The Management Rights Market

Contributed By: Resort Brokers on

By Shane Wynhoven Australia’s east coast has traditionally been a hotspot for tourism.  But when the Australian dollar hits record highs, it weakens both our domestic and international tourism markets.  Thankfully, the Aussie dollar is coming down. In global terms, Australia is considered to be a premium travel package.  It is a long way to travel for most, at considerable expense.  And when tourists arrive, they are met with even higher travel costs. So, when the Aussie dollar peaks, heading ‘down under’ becomes a less attractive holiday option for the international traveller.  With our South East Asian neighbours offering far better value for money, weRead More →

In: Accounting and Finance, General Interest, The Management Rights Market

Contributed By: PCS Finance on

As a Finance Broker we sometimes are asked why do we get paid a commission from the bank and why would I go to a broker when I can source finance myself. I want to dismiss some of the myths around engaging a Finance Broker and explain what the positives are in engaging a reputable Finance Broking company. I suppose it’s a bit like Management Rights where the onsite Manager is paid an income to do a job. If you fulfil this role in a professional manner and educate your owners along the way, why would an owner go to someone else to manage theirRead More →

ADVERTISMENT: