Contributed By: Wesley Venz of Venz Management Rights Buyers Agency on

Ten years of experience, or one year of experience ten times over? While many people claim to be experts or specialists in their chosen profession, how can you know if they really are? Maybe they have been doing the same job year after year, but have not become any more knowledgeable or accomplished than when they first started. There is competition in every industry, but there has never been more than there is now in management rights. Currently listed on the service directory of on-site manager, there are 51 law firms, 33 accountancy practices, 23 financial institutions, and 59 real estate agencies. How many individualsRead More →

Contributed By: Resort Brokers on

AN investment syndicate formed with the express aim of gaining a foothold in the Gold Coast’s lucrative management rights industry has secured a premium Main Beach apartment business off-market in a $4 million-plus deal just settled. Specialist accommodation sector agency RESORTBROKERS confirmed it had successfully concluded the sale of the Pacific Views Resort management rights based on a 6-times multiplier. “A group of investors had already been assembled so we were able to go to the vendor with a syndicate and operating partner ready, which meant we had it under offer within less than a fortnight,” said RESORTBROKERS’ Todd Warner, who negotiated the deal withRead More →

Contributed By: Chris Rowe of Accommodation Business Brokers on

With mining booms every few years, the fly-in-fly-out (FIFO) or drive-in-drive-out (DIDO) market also booms. Those who own accommodation properties in key areas will benefit during the boom times. Townsville is one such location. About FIFO/DIDO workers FIFO workers come from all walks of life and operate in most industries. Most FIFO workers fall into the 35-54 years age group. Jobs for FIFO workers are diverse: health worker, road train operator, kitchen worker, metallurgist, mine planning engineer and solar farm workers. Although FIFO workers exist in many sectors, it’s in mining that the phenomenon has become known. Most mines are located in remote areas orRead More →

Contributed By: Chris Rowe of Accommodation Business Brokers on

If you are planning to sell your accommodation business, you want the process to run as quickly and smoothly as possible. Here are some essential steps you need to take if you want to ensure a fast business sale. 1. Mindset Plan well in advance A successful sale requires careful planning. It’s essential to start preparing as soon as possible once you have made the decision to sell your tourism business. This will give you time to put all the necessary steps in place to make your business an attractive prospect. Change your mindset, make yourself redundant As the owner of a successful hospitality business,Read More →

Contributed By: Michael Kleinschmidt of Stratum Legal on

The recent decision in Application by Ms A [2018] FWC 4147 by the Deputy President of the Fair Work Commission establishes that even a contracted caretaker is protected from bullying in the workplace. Particularly, the Deputy President found the chairperson bullied the caretaker, within a Queensland Community Title Scheme, by: sending emails to Mrs A about matters which were not urgent at times that were not reasonable. The emails used sarcastic and derogatory language in relation to Ms A which was exacerbated by the fact that the emails were sent to other members of the committee; by sending emails with an unreasonable (very high) frequency;Read More →

Contributed By: Mike Phipps Finance on

By the time you read this the holiday season will be behind us (mostly) and 2019 upon us. As always, a time to reflect and give thanks that the MD continues to put up with me and my children still remember my birthday. And what a funny old year 2018 turned out to be. Poor dear Malcolm gets the bums rush, The Donald is still in the White House, the Aussie cricket team can’t even get cheating right, the cash rate remains lethargic and people are still borrowing for business. In 2018 I started to notice two significant trends in Australia which I am goingRead More →

Contributed By: Hynes Legal on

Governments create laws.  Courts and tribunals interpret those laws when they make decisions on disputes.  We all then rely on those interpretations as gospel in terms of what the legislation actually means. Industry always holds its breath when what has been a long-standing practice or assumption is appealed. Higher authorities can overturn the decisions of lower ones. Take the deck dispute that went all the way to the High Court, with opposing decisions along the way. The other recent example was the decision on the timing for commencement of proceedings for recovery of body corporate debts.  A lower court interpreted a time frame that no one had operatedRead More →

Contributed By: Wesley Venz. Principle of Venz Management Rights Buyers Agency on

Management Rights is a unique and specialised industry. After all, what other small business do you require an educational qualification and a licence before you can operate the business? For those of you looking into this industry, the easiest way to obtain up-to-date, factual information is to attend a Management Rights Buyers Seminar. The REIQ (Real Estate Institute of QLD) is the original provider of the Management Rights seminars. Starting in the 1990’s, they are conducted by current professionals who work in the industry and are designed for people interested in learning more about Management Rights. The point of difference with this seminar is thatRead More →

Contributed By: Mike Phipps Finance on

Irony: noun; the expression of one’s meaning by using language that normally signifies the opposite, typically for humorous or emphatic effect. I’ve got this mate, well, more a long term acquaintance really. Known her since I was in my teens. Purely platonic relationship over the past 40 years and we still catch up regularly to this day. She was pretty popular back in the day and had most of the local boys tied in knots. Even after 40 years she’s still a very attractive lady, super intelligent and very professional, at least to the casual observer. She’s had an interesting life and recently called me to seeRead More →

Contributed By: Nick Buick on

2018 was the maiden year of our Industry Recommended Professional program – an initiative where we ask our ~420 onsite managers around the country to nominate the best-of-industry suppliers across a range of categories. The purpose of this program is to identify industry suppliers operating at the highest levels of integrity and merit. Any supplier displaying an Industry Recommended Professional decal can be regarded as coming highly recommended by onsite managers, themselves. Last Friday, the 19th of October we held our inaugural Industry Recommended Professional Awards Night where we tallied up ALL the nominations, identified the industry suppliers with the MOST nominations in each category, andRead More →