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In: Body Corporate, Legal

Contributed By: Hynes Legal on

Hot on the heels of the lot entitlement review recommendations, we now have the recommendations paper in response to another of the BCCMA option papers. What is in this recommendations paper is not law, although it is what the QUT professors are suggesting should become law.  Responses to the paper can be lodged as detailed here and close on 5 May 2017. The recommendations paper (amongst other things) relates to: Towing of cars; Pets; Smoking; Overcrowding; Fining occupiers for breaching by-laws; Debt recovery costs; Australian addresses for service; and Scheme termination. Can anyone else smell an election coming on? There are 84 pages of recommendationsRead More →

In: Accounting and Finance, The Management Rights Market

Contributed By: Mike Phipps Finance on

Ok, I’ve said this every year but just to keep my 100% record intact………………..where the hell did 2016 go? Time just seems to fly doesn’t it?  It’s obviously an outcome of encroaching old age and certainly a reminder to enjoy life and not sweat the small stuff.  And let’s face it, in the overall scheme of things its nearly all small stuff. As usual I have made numerous resolutions with reduced alcohol consumption, a better diet and more exercise high on the list. I have also promised myself to appreciate the managing director more and not be such an egotistical, self-centred narcissist.  Not sure whereRead More →

In: Events

Contributed By: Think Management Rights on

Want to run your own business in paradise? Management rights are a uniquely attractive business and lifestyle choice for Kiwi’s looking to move to sunny Queensland. The Management Rights for Kiwi’s Partnership is proud to present its third series of seminars on management rights in Queensland. Our expert presenters, with hands on experience, will help you understand management rights. Find out more at our upcoming seminars in Tauranga on 18 February 2017 and in Auckland on 16 February 2017  www.managementrights.kiwi Win a trip to sunny Queensland! Come along to one of our seminars to be eligible to win: 2 nights’ accommodation at Sandcastles Mooloolaba with $250 AUDRead More →

In: Landlords, Tenants, Renting and Management, Legal

Contributed By: Hynes Legal on

There are new requirements for smoke alarms in all dwellings (being houses or units) from 1 January this year. The rules are not retrospective but they will apply when a dwelling is relet (whether to a new or existing tenant). You can click here for the QFES summary and here for a more detailed explanation. The OFT also has a section on it. All property managers should make sure their clients are aware of the requirements to comply with the new rules. There is little doubt where liability would sit if there was a fire and the smoke alarms were not compliant.Read More →

In: Uncategorized

Contributed By: HiRUM Software Solutions on

We all know the Internet has come along in leaps and bounds in the last decade.  But just how far have we come in terms of convenience and security? When ‘The Cloud’ became a reality a few years back, many managers breathed a sigh of relief at the idea their information was safe and sound in a cushion of floating security, where they were no longer restricted to accessing what they needed whenever they needed it. No longer would they lose data or private information if their hard-drive crashed, and no longer did they have to transport that information everywhere they went. All of aRead More →

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

Contributed By: TheOnsiteManager.com.au on

Before I became software developer, I worked for several years in advertising. I was fortunate for the opportunity to work with the best advertising agencies in the country, playing a very small part in presenting some very large companies in Australia to market. Along the way, I learned a few lessons about marketing and advertising… one such lesson was imparted on me by a sagely old advertising photographer: Owning a camera doesn’t make you a photographer – it makes you a camera owner. The importance of photography cannot be emphasized enough – it’s a job that really ought to be left to a professional photographer ifRead More →

In: Body Corporate, Legal

Contributed By: Short Punch & Greatorix on

A valid and current Caretaking Agreement and Letting Agreement (“Agreement”) with a healthy term remaining is one of the most valuable assets in a management rights business. This is recognised by anyone with an interest in the business, including banks and potential purchasers. It is therefore imperative that Service Contractors and Letting Agents (“Building Managers”) understand the process that is involved in both exercising an option and adding an option to the term of their current Agreement. Exercising an Option to Renew The effect of not exercising an option can be disastrous. If a Building Manager does not exercise an option within the required timeRead More →

In: Events, General Interest, The Management Rights Market

Contributed By: TheOnsiteManager on

Our friends at Resort Brokers invited me along to their industry seminar last night. They had guest speakers from Urbis and Bambrick Media and plenty of managers were in attendance. Was a great night, highly informative. Urbis presented first and had some interesting information and data analysis in relation to development through the CBD. The short of it was: Yes, lots of buildings have been completed recently, yes, downward pressure had been placed on rentals… but vacancy rates on new stock are still only at 1.6%, and new projects being completed have fallen off sharply with the remaining to be completed representing a much smallerRead More →

In: General Interest, The Management Rights Market

Contributed By: Mike Phipps Finance on

  “When America sneezes the world catches cold”.  A cliché perhaps but with some truth behind it I suspect. Consider this : The United States is the world’s largest national economy in nominal terms and second largest according to purchasing power parity (PPP), representing 22% of nominal global GDP and 17% of gross world product (GWP). The United States’ GDP was estimated to be $17.914 trillion as of Q2 2015. Australia’s top 3 two way trading partners are China, Japan and The USA. China is the world’s largest export economy and the USA and Japan are two of China’s top 3 trading partners. Anyway, on to thisRead More →

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

Contributed By: HiRUM Software Solutions on

Many residential property managers have told us they simply want a property management system that does all the things they need, without the expensive price tag. Why pay for things you never use, right? At HiRUM we value industry feedback, this is why we developed HiRUM Front Desk for Residential. This provides residential property managers, or those with a rent roll, with all the essential tools they need to manage their business. From full trust accounting, to comprehensive office tools including integrated RTA forms1, we definitely have your needs covered. With NO Monthly fees and a very low one-off fee for set-up & training youRead More →

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