Management Rights

For our latest episode focusing on the Management Rights industry, Chris Lewis and Smiljan Jankovic (Management Rights Specialist, Archer Gowland Redshaw) host Vanessa Sciortino - Special Counsel, Nicholsons Solicitors.

For the Management Rights industry, we recently held our online webinar session: "Management Rights - Building the Foundations to Mitigate the Commercial Impacts of COVID-19".

For those operating in the Management Rights industry, the impacts of COVID-19 has created a strong level of uncertainty, with effects felt across both permanent & short-term letting businesses.

As a Management Rights owner, Trust Accounting is at the core of your business. Therefore having a software solution which can provide accurate real-time data & automated reporting is essential to on-going compliance & legislative adherence.

For Management Rights owners, remaining compliant with governing standards is an essential business and licensing requirement – regardless whether you are a seasoned operator or new to the industry.

Whether you’ve newly purchased or have a well-established operation, preparing your Management Rights business for sale is an important scenario to consider in the back of your mind.

Here are some tips from Scott Wicks, Director of Archer Gowland, regarding different ways you can generate more income for your Management Letting Rights business (MLR) in Brisbane, Gold Coast or the Sunshine Coast.

All businesses face the necessity and reality of expenses. However, when was the last time you reviewed the expenses in your Management Letting Rights business (MLR)?

A Management Letting Rights business (MLR) is an enterprise that involves the caretaking and letting of townhouse and unit complexes (strata titled properties). There are over 4,000 MLRs operating in Queensland with the majority focussed on holiday letting outside Brisbane.

Archer Gowland has developed a tailored program specifically designed for owners of Management Letting Rights businesses (MLRs) in Queensland.