Management Rights

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In: Accounting and Finance, The Management Rights Market

Contributed By: Mike Phipps Finance on

Human ambition is an interesting thing. Even while confronting the terror and stress of a new role or business venture many of us are already thinking about the next step. I reckon it’s all part of our innate survival instinct ingrained into us as a species. I’ll bet that even while our distance Neanderthal cousins were dragging that Brontosaurus back to the cave they were already planning the next hunting expedition and perhaps some improved techniques and a more effective and efficient conquest. All the better to improve ones lifestyle and avoid the risk of becoming dinosaur poo! This thirst for improvement and the nextRead More →

In: Accounting and Finance, General Interest

Contributed By: Real Strategix on

I am going to touch on a subject that relates to everyone on a daily basis. As business owners, do we name and shame customers that cost us money? I don’t care what business you operate. I guarantee all of you have at least one customer who believes they are better than you and everyone else. That one customer will simply refuse to pay for services/products rendered. We have quite a few! It is very hard to sit back and watch while they keep trading with their big franchise name knowing that the smaller operators cannot afford the legal fees or resources to fight them. It isRead More →

In: Body Corporate, General Interest, Legal

Contributed By: Hynes Legal on

It’s over. The longest running (and most expensive) dispute over a deck in Australia has been decided by the High Court.  There are no appeals from there so we now have the definitive statement on what a body corporate’s decision making obligations are based on. Round one went to the deck owner (Commissioner’s Office) Round two went to the complaining owners (QCAT) Round three went to the deck owner (Qld Supreme Court) We wrote an article after the Supreme Court decision here. The opponents to the deck won. The smartest group of lawyers in the country (being the High Court) has decided that the oppositionRead More →

In: Accounting and Finance, Landlords, Tenants, Renting and Management

Contributed By: Real Strategix on

End of Month is called end of month for a reason ….to pay everyone at the end of the month. As a trust account trainer the most common question asked is “when do I do end of month?”. Some people are adamant that it should be done on the last day of the month as “that is the end of month” …others think it should be done on the first day of the month to include all of the transactions for the month prior; even if it is a weekend and others think that it needs to be done on the first business day ofRead More →

In: Body Corporate, Legal, Uncategorized

Contributed By: Archers Body Corporate Management on

Throughout the year, unit owners are issued with a number of body corporate meeting notices. These notices could include information related to committee meetings, voting outside of committee meetings (known as flying minutes), and the annual general meeting. Current legislation specifies these notices must be issued within certain timeframes, which range from 7 – 21 days (including postage) from the date of the meeting. This timing ensures that unit owners and committee members have enough time to consider the contents of the notice to make informed decisions. The information in the annual general meeting notice is essential to unit owners, as it contains details about body corporate levies forRead More →

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 →

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