If you’ve ever wanted to start your own business, be your own boss and the idea of buying into an accommodation business grabs you, ResortBrokers will give you the lowdown at a seminar to be held on the Gold Coast on November 9.
The Management Rights Made Easy Seminar - (https://www.resortbrokers.com.au/learn/events/free-management-rights-made-easy-seminar-gold-coast.html) will be held at the Royal Pines Resort at Benowa from 9am and a panel of experts has been assembled to tackle the most commonly asked questions.
The informative, informal and interactive event is designed to assist newcomers to the Management Rights industry. A team of industry experts will be on hand to share their extensive experience and answer all queries.
The panel will be headed by Todd Warner, who is ResortBrokers’ Gold Coast management rights specialist. With ResortBrokers as the market leader, he has handled many sales of both holiday and permanent complexes and will provide current market insights and discuss where the best investment opportunities can be found.
“It’s such a rewarding investment and lifestyle choice – your own boss, strong returns, great growth prospects. Our events help you to partner with the right industry experts to make your journey to management rights easy,” Todd Warner said.
“This is why we’re holding this seminar, so that we can talk people through the pluses and minuses, find out what business is right for someone and guide them through the whole process so that it all goes as smoothly as possible.
“These are big decisions and if you get it right, they can potentially change your life.”
Management rights typically include the ability for an on-site manager to earn fees from letting out apartments in a strata titled building as well as earning a salary for managing day-to-day duties such as cleaning. The value of a management rights business is generally calculated by applying a multiplier to its annual profit.
The panel also includes Mike Phipps from Mike Phipps Finance. Phipps is one of Australia’s foremost accommodation industry finance professionals with over 30 years’ experience. He will provide commentary on the state of the management rights industry and available finance options and he’ll reveal the secrets the banks won’t tell you.
Tony Rossiter from Holmans Accountants has conducted income verification reports for buyers on hundreds of management right businesses across Australia. Rossiter will provide the inside track on dissecting a profit and loss statement, as well as how to best structure your business.
Pevy Lawyers Principal, Trent Pevy, acts for more new entrants to the management rights industry than any other lawyer. He will highlight the importance of specialist due diligence in purchasing, as well as sharing his top five pitfalls to avoid throughout the contract process and settling your business.
For more information and to register for the event: