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Industry News

The latest industry updates from leading professionals, commentators and experts

  • Tourism Brokers and MR Sales have Merged

    Tourism Brokers and MR Sales have Merged

    “Tourism Brokers and MR Sales have merged allowing reciprocal rights to each other.  This means that as a Seller / Buyer you have twice as many people working for you.” MR Sales is QLD based and Qld is the home of management rights. The opportunities to add value from the joint experience to development and the accommodation industry on a national scale are phenomenal. TheOnsiteManager is a powerful service tool and medium to the industry that will assist in the industry expansion MR Sales are in expansion mode and are happy to hear from likeminded individuals that would be interested in joining our team. OnceRead More →

  • The Future of Surcharges and What It Means For Your Business

    The Future of Surcharges and What It Means For Your Business

    According to consultancy firm Capgemini and Royal Bank of Scotland, Australia has the 4th highest rate of non-cash payments on earth, increasing by 7 percent per year. According to the RBA, the average surcharge for Visa / Master Card is 1.9% and 2.9% for American Express. The implications of this, for a business operating on a 10% margin, are staggering. They’re essentially sacrificing 20-30% of their profit just to receive payment. For a motel operating on a 30% margin it’s around 10%. These costs are often simply accepted as part of doing business, but it’s only going to get worse from here. Seemingly overnight, tap-and-go services have become ubiquitous and withRead More →

  • Safety During Inspections

    Safety During Inspections

    Unfortunately, in this day and age, it is almost necessary for an Onsite Manager or leasing consultant to complete a course in self-defence along with their registration. I began asking Onsite Managers if any have had scary encounters whilst at a tenant’s premises.  Statistically speaking, 1 in 5 had some sort of scare.  I personally, have been pushed against a wall, whilst carrying out an exit inspection, by the outgoing tenant.  This drew me to the conclusion to NEVER agree to conduct the inspection with them present. Routine inspections, if carried out correctly, should be fairly straight forward and the tenant should, in most instances,Read More →

  • Management Rights, The Developer`s Role

    Management Rights, The Developer`s Role

    Lawyers acting for buyers of Management Rights are often faced with the task of trying to explain to their clients problems which they may face as a result of badly worded Caretaking and Letting Agreements.  Much of this could be avoided if developers and their advisers took more care in preparing these agreements. Developers have a golden opportunity to set up Management Rights in a way that will not create difficulties for building managers. The developer is in complete control of the Body Corporate at the time the original Caretaking and Letting Agreements are put in place. I have acted for many people buying unitsRead More →

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