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In: General Interest, The Management Rights Market

Contributed By: Management Rights Sales on

We have all been there!! Looking for a house to buy in any chosen location and we come across a nice looking property. Right location, well-constructed, nice paintwork, lovely grounds. Looks likely. Wait a minute…. Why are there four ‘To Sell’ signs attached to the front fence from four different real estate agents? Before we know it, despite the many positives about this property, a question mark hovers overhead. If the property looks the part, how is it that between four selling agents it has not yet sold? Of course nothing need be amiss. The property could well be perfect. However that question mark hoveringRead More →

In: Accounting and Finance, Body Corporate, General Interest, Legal

Contributed By: Archers Body Corporate Management on

Body corporate insurance is arguably the most important aspect of building management, but when it comes to using it, it can be difficult to understand what’s covered and what’s not. The basic principle of strata insurance is to provide cover for common property and the building’s structure. This means that the body corporate is responsible for all common areas and the structural elements of the building. Owners are typically responsible for the internal contents of their unit. There are some circumstances where the body corporate can provide cover for internal fixtures if they are classified as part of the building’s structure. For example, if an owner’s hot water systemRead More →

In: Body Corporate, General Interest

Contributed By: SSKB Strata Managers on

There is an entrenched belief in the industry that property market trends in Sydney and Melbourne tend to precede activity in the Queensland markets. The market in Brisbane and the Gold Coast has historically seen an upturn in property sales volumes as the southern markets ‘overheat’ and property values increase to the point where they are no longer seen as sustainable or affordable. Property investors then turn to markets where they perceive greater prospect of capital growth and return is available. However at the moment we are seeing strength in the apartment markets of Sydney, NSW; Melbourne, Victoria and southern QLD in both Brisbane andRead More →

In: Landlords, Tenants, Renting and Management, Legal

Contributed By: Short Punch & Greatorix on

By John Punch Chameleons are very unusual creatures. I was recently watching a David Attenborough show on television where he produced this lizard like animal which changed its colour and form before your very eyes, to suit its surroundings. This reminded me very much of how the Property Occupations Act 2014 treats a Form 20a Letting Agent Appointment. Whilst the Property Agents and Motor Dealers Act has been completely replaced by the Property Occupations Act with completely new Forms, under the POA the new form of appointment for any agent for any activity is covered as a Form 6. Therefore, a Form 6 now mustRead More →

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 →

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