Resort Management Sales Industry Blog

WHERE: NAB Building - Carnaby St Maroochydore DATE:    Monday 7th March 2011 TIME:  6:30pm for 6.45pm start & finish 9.00pm COST:  $10 per person includes light refreshments and information pack Management Rights Seminar nights provide general information on this exciting and rewarding industry, with expert guest speakers from the areas of Accounting, Law, Finance and Experienced Managers telling it like it is. Phone 5477 1989/ 0410 343 219 to contact Matt Campbell for bookings or send an email to  info@managementsales.com

The enforcement of new pool safety laws will be delayed for six months in the aftermath of the floods and Cyclone Yasi. The Government will introduce amendments into the Parliament this week as part of the Queensland Reconstruction Authority Bill 2011 and they are expected to operate retrospectively from 8 January 2011. Under the exemption, pool owners may lease their property without a valid pool safety certificate provided they first give to the tenant a notice alerting them to the fact that the pool may not comply with pool safety laws and may pose a risk to young children. It is important that members are fully aware that although an exemption has been made for rental properties, a pool safety certificate is still required at the point of sale for properties with a shared or non-shared pool. Queensland’s statutory land valuations, due to be issued next month, will also be postponed for three months.  The Valuer-General will now issue new statutory land valu...

Short-term letting (holiday and tourist) Resort-style schemes in popular holiday or tourist areas have the potential to produce higher rates of return per lot than longer-term residential lots. However, while people will pay premium rates for holiday accommodation, especially in peak seasons, this advantage needs to be balanced against the demands that a high turnover of tenants makes on the manager and the seasonal nature of occupancy rates. Longer-term letting (residential) With a slower turnover, ranging from 6 to 12 months, long-term letting can be a lot less demanding than short-term letting. The rate of return is generally lower, but it’s easier to predict income and costs. It’s also essential to have good people skills, as strong relationships can be integral to your success. Corporate (short-stay) Schemes that target the corporate letting market with temporary self-contained accommodation can be quite lucrative. Flexible letting periods, prime locations, quality of accommo...

1. Caretaker role This involves taking care of the common property, such as the swimming pool, gardens, lighting, driveways and paths. Your agreement with the body corporate should include: What you are expected to do for the agreed caretaking fee The fees you can expect for additional work or responsibilities The opportunity to have your caretaker fee increased at intervals 2. Letting role Your letting agreement with the body corporate allows you the exclusive opportunity to let lots within the scheme. It could also require you to: Advertise lots available for letting  Vet potential tenants for suitability Collect and account for rent Operate an office and reception area during business hours. You need to negotiate a separate letting agreement with each lot owner, not the body corporate. Both you and the lot owner are required to complete and sign a standard appointment form that details: the services you will provide for the owner the fees you will...