Published: 17 March 2007.

Experience tells us, that when purchasing Management Rights, the importance of using professional Accountants to do your Income Due Diligence. This important process is critical to the purchase, and it is imperative to use only those accountants who are experienced in the industry. We often hear from purchasers they want to use their accountant who has been with the family for 40 years and when I hear this, alarm bells ring immediately. They have absolutely no knowledge of the income streams and expenses in the Permanent and Holiday industry. In a recent sale I was actually told by an Accountant that he had no knowledge of the industry and could I recommend an accountancy firm who are experience. To me this is responsible and the right thing to do, and it is this type of response that is in the best interest of the client.

We constantly reinforce to clients who are purchasing, the importance of using experienced professionals in the industry to alleviate any chance of error, and to expedite the task at hand promptly. The experienced Accountants in the industry have accumulated an enormous of data over many years, and it is this information that allows them to weed out any anomalies that may be hidden in the figures, and to verify the income correctly.

Below are some of the top industry professional accountants who specialise in this industry and come highly recommended. Denis Hale – Active Management Rights

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