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Search results for “Simple Ways To Protect Your MR Business”

You are browsing the search results for “Simple Ways To Protect Your MR Business”

In: General Interest, Landlords, Tenants, Renting and Management, Real Estate, The Management Rights Market

Contributed By: Alex Cook, Director, Resort Brokers on

The concept of a ‘partnership’ or ‘syndicate’, whereby a group of investors pool their financial resources to leverage their purchasing power to acquire an asset, is by no means a new one. Such arrangements have been prevalent in the commercial property and freehold hotel/motel market for decades. In the management rights industry, syndicates are becoming increasingly common in the purchase of large-scale, high netting businesses. So, what are the key components of a management rights syndicate? What do they offer to their partners? And what advantages do they hold over other operational/investment models? PARTNER ROLESAs the name suggests, partnerships are established by uniting a groupRead More →

In: Body Corporate, Facilities Management

Contributed By: Lisa Rutland from MyBodyCorpReport.com.au on

I spend all day, every day, reading body corporate records; lucky me. The business conducted by each scheme differs wildly but there are several core things that majority schemes do. Termite inspections is one of them. The BCCM Act doesn’t explicitly require that a body corporate do regular termite inspections. As is usually the case the applicable legislation is far broader than focussing on the one issue. Section 159 of the Standard Module requires the body corporate to maintain common property in good condition. If the scheme is a Building Format Plan (BFP) legislation requires the body corporate must go a step further. Section 159(2)Read More →

In: Body Corporate, Facilities Management, Landlords, Tenants, Renting and Management

Contributed By: The Onsite Manager on

When running a management rights business, it’s so easy to get so caught up in the day-to-day that you forget you’re not just an employee doing a job, but in fact a business owner and investor. It’s understandable – if you’re spending all your time listening to complaints and getting covered in bin juice, it’s not hard to lose sight of the reason you first went into management rights: to enjoy a better work-life balance, to semi-retire, or to build a nest egg off of your letting pool income. Unfortunately, there’s no secret get-rich-quick method to running an effective, profitable management rights business. But thereRead More →

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