Management Rights Components
As far as the day to day running of the business I should start by saying that there are two main components to Management Rights:
1. Caretaking - You are paid a salary by the collective unit owners (the body corporate) to maintain all the common areas – e.g. lawns, gardens, swimming pool, bbq’s, lift lobbies pathways etc. Your job is basically to keep it clean and tidy, much the same as you would around your own property. You will also attend to any minor repairs (light globe replacements etc.) and report any defects or maintenance issues that will require a specialist tradesperson.
Some jobs you will do daily (e.g. pick up rubbish), others weekly (put out garbage bins) and others monthly or as required (fertilise lawns)
Duties are set out in your Caretaking Agreement with the Body Corporate.
2. Holiday Accommodation Business – You are running your own holiday business. Day to day duties include:- taking bookings via phone, email or walk-ins. Checking guests in and out. Cleaning rooms or organising cleaners, checking inside rooms for any maintenance items, hiring out cots, extra bedding, beach towels, surf boards, rental cars, booking tours for guests (good commissions to managers), and generally attending to guests needs.
These are just some of the duties and while they may seem daunting to new managers there are generally good systems already in place that make it easier. You will not get bored!
