FV

Contributed By: Resort Brokers

Resort Brokers

The record sale by Resort Brokers Australia of the $600m ‘FV’ by Gurner management rights to Mantra Group has capped a run of chart-topping sales for the growing national accommodation property specialist. With 970 apartments plus commercial and leisure facilities spanning three landmark towers underway by Gurner in Brisbane’s Fortitude Valley, FV is the largest management rights ever sold off-the-plan in Australia. The sale was handled by Resort Brokers’ national sales manager, Trudy Crooks, and her brother, off-the-plan specialist, Tim Crooks.  They said it was an outstanding result and a win-win-win for everyone, particularly for FV apartment owners who will have such a quality, experiencedRead More →

loanFinance

Contributed By: Mike Phipps Finance

Mike Phipps Finance

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 →

airBNB

Contributed By: Cubbi

Cubbi

Your investment property could be at serious risk of damage with a new trend of tenants holiday letting rooms or the entire property through Airbnb on a per night basis. This can significantly increase the risk of damage and security of your property without the extra reward for you as the landlord. In other words your tenant could be making extra income from your property but you are wearing the risk. Legislation governing tenancy agreements is outdated as most of it was written before Airbnb existed. So you need to be proactive and start protecting yourself. Quick disclaimer first. I am not a lawyer soRead More →

spy

Contributed By: Real Strategix

Real Strategix

We have all seen the show “Undercover Boss”. There have been two instances over the past 2 years that I have placed myself in the relief management/temp world as an “undercover boss”. What is it really like to be a relief manager? “Easy” you’d think. You just come in, do your job, leave at the end of the contract and get paid well. You are greatly mistaken. When I first put the feelers out about starting Real Strategix Relief Management Program it happened by sheer accident. As you quite possibly know I am a Trainer. I have over 15 years’ experience in all aspects ofRead More →

BAC

Contributed By: TheOnsiteManager

TheOnsiteManager

Brisbane Airport Corporation invited TheOnsiteManager along to their community workshop to talk about their latest projects, how they are being implemented and what they mean for tourism businesses in Queensland. Over the next decade, BAC are investing $3.8 Billion into new infrastructure projects. International travel is growing at a rate of 6% PA presently and the corporation wants to ensure the Brisbane Airport offers a world-class facility that can accommodate this continued growth. The first thing that they pointed out was the New Parallel Runway (NPR) project. Paul Koglan, their lead project manager, tells us it will be operational within 4 years. Currently, the airportRead More →

deductions

Contributed By: BMT Tax Depreciation

BMT Tax Depreciation

Did you know you could be missing out on thousands of dollars in tax deductions by not taking advantage of your depreciation entitlements? The Australian Taxation Office (ATO) allows the owners of income producing properties to claim depreciation deductions relating to the wear and tear of the building structure and the plant and equipment assets it contains. By claiming depreciation, hotel and motel owners essentially will reduce their taxable income, therefore they will pay less cash. What’s more, the fee to obtain a tax depreciation schedule outlining all of the deductions available to be claimed is 100% tax deductible. You could be missing out on:Read More →

Group of employee people. Business team isolated on white background.

Contributed By: Short Punch & Greatorix

Short Punch & Greatorix

In the Management Rights Industry, many building managers enter into Agreements with people who they consider to be independent contractors. Some of these “contractors” may attend to a number of the duties that are required of the Manager, pursuant to a Caretaking or Letting Agreement. However, it is important to be aware that even though the parties may consider themselves to be in a principal/independent contractor agreement, the relationship may, according to the law, be that of an employer and employee. The distinction is important because there are significant consequences if the true legal relationship is misinterpreted. For example, an employer is responsible for remitting group tax, paying statutoryRead More →

frühstücksbüffet

Contributed By: TheOnsiteManager

TheOnsiteManager

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 →

Motel Cottage Inn Motel neon light Sign

Contributed By: Resort Brokers

Resort Brokers

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 →