WELCOME
to Management Rights and
Motel Finance |
Mangement Rights and Motel Finance Pty Ltd
is an industry leader in providing specialist
finance needs to companies and individuals embarking
on the purchase of a Management Rights business.
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Management Rights NSW Seminar:
DATE: SEPTEMBER 18TH (Saturday) 2010
TIME: 2 p.m. to 4.30pm (followed by drinks, snacks and “meet the speakers” gathering)
VENUE: HARLEQUIN HOTEL, 152 Harris St, PYRMONT
Speakers: Jeff Beere – President of ARAMA NSW (owner / operator)
Pip West – Director of Management Rights NSW brokers
Col Myers – Lawyer of Small Myers Hughes
Brian Johnston – Accountant of CWS Newcastle
Mark Ryall – Finance Broker – Management Rights & Motel Finance PL
Chris Kennedy – CBRE – specialized valuers for management rights
Drinks and Snacks served and participants encouraged to mix with the speakers for a casual “pub-style” discussion, collection of sponsor and promotional material and general get-together. |
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MANAGEMENT
RIGHTS |
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What
are Management Rights?
"Management
Rights" is a term used to describe the on-site
management business of an apartment building
or unit complex. Many people regard Management
Rights as a blue chip investment that offers
lifestyle, great returns on investment and
good re-sale potential. Read
More... |
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The
Managers Unit.
The
managers unit is generally on the ground
floor beside or attached to the office /
reception area. This unit in the building
is the only area from which a business of
letting units can be conducted. Read
More... |
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Managers
Income.
There
are normally two parts to the Manager's
duties and two major parts to the Manager's
income. Read More... |
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Accountants
Role.
An
accountant who specialises in management
rights will complete a verification report
of the net operating profit. The verification
report will confirm the actual income and
core operating expenses incurred for a specific
period (usually the last 12 months). Read
More... |
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Types
of Complex's.
There
are 4 styles of complex's
- Holiday
- Permanent
- Student
- Corporate
A building can consist of one of two of
these styles depending on the complex. The
style of building that will suit you will
depend on the location and the type of business
that you want to run. Read
More... |
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Value
of Management Rights.
There
are 2 components to a management rights
complex:
- Managers unit and office area
- Management Rights Business
The managers unit is normally located near
or adjoining the office. The value of the
managers unit is based on the location,
size, type of complex, additional storage
area and age. Read
More... |
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FINANCE OPTIONS |
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How
Much can I Borrow?
A
general rule to determine the purchase price
of the complex is multiplying your cash
input by 2.85 times. Example:
If you had $300,000 cash, you could purchase
a complex worth $750,000.
If you had $400,000 cash, you could purchase
a complex worth $1,100,000
The size of the complex will be subject
to there being sufficient income to repay
your loans, general living costs and taxes.
Read More... |
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What
are the Finance Options?
Banks
that specialise in management rights offer
some of the following features and products:
- Revolving Business Line of Credit
- Principal and Interest loans
- Fixed or variable rates
- Interest only loans
- Redraw and 100% offset
- 100% financing with additional security
The type of product can be tailored to suit
your requirements. Read
More... |
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Why
Must I use a Financier that Specialises in
Management Rights?
There
are only a handful of financiers that specialise
in management rights and within those banks,
there are business managers that are very
experienced in management rights. It is
imperative that you deal with the right
people. Read More... |
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What
Value does a Finance Broker Provide?
An
experienced finance broker specialising
in management rights will be able to guide
you through the whole finance process and
assist in the following: Read
More... |
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Borrowing
Against Property.
You
can borrow against other property to purchase
management rights. The Banks will consider
up to 80% of the market value of your property
less any current debt. Read
More... |
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