Management Rights
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Management Rights
description
Management Rights. What are Management Rights?. Management rights involves: Ca retaking of common property Letting of property A person performing this role is known as: A Resident Unit Manager (RUM) Onsite manager / manager. What is the role of a manager?. Ca retaking:. mowing. - PowerPoint PPT Presentation
Transcript of Management Rights
Management Rights
Troy Edwards0416 060 372
What are Management Rights?
• Management rights involves:- Caretaking of common property- Letting of property
- A person performing this role is known as:- A Resident Unit Manager (RUM)- Onsite manager / manager
Troy Edwards0416 060 372
What is the role of a manager?• Caretaking:
mowing cleaning the pool enforce bylaws
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What is the role of a manager?• Property letting:
move tenants in collect rent for owners move tenants out
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What is the role of a manager?• Additional income can be generated:
unit sales maintenance cleaning
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How income is generated?
• Caretaking $90,000• Letting of property $110,000• Total income $200,000
• Expenses $10,000• Nett income $190,000
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Valuation of Management Rights
• Property $350,000• Business (5 x $190,000) $950,000• Total business worth
$1,300,000
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Increasing business income
• Caretaking $93,000• Letting of property $112,000• Additional income $10,000• Total income $215,000
• Expenses $12,000• Nett income $203,000
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Increasing business worth
• Property $360,000• Business (5 x $203,000)
$1,015,000• Total business worth
$1,375,000• Total business increase (1 year) $75,000
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Why choose Management Rights?
• High return on investment (20%)
• Stable income • Good cash flow• Low outgoings (ie no business rent)• No inventory / goods return• Lifestyle flexibility• Regulated
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Decision Factors when buying ?
• Purchase power• Location • Age of complex• Years remaining in the agreement• Potential to increase business
worth• Manager unit• What skills / tasks required• Trade off between factors
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Why choose Shine Realty?
• Experienced agents• Professional network• Business lifecycle support
- Buying management rights- Running management rights- Selling management rights
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