Key Investment Insights
1. Well-established Management Rights business with a beachside location in Miami, Florida.
2. Low stress and manageable day-to-day duties, making it ideal for a solo operator.
3. Consistent income from a mix of short-term and permanent lettings.
4. 9 units in the letting pool, providing regular bookings and steady income throughout the year.
5. Accommodation Module agreements with 18 years remaining, offering long-term stability and income.
6. Manageable caretaking duties, including basic garden upkeep and pool maintenance.
7. Tidy and comfortable 2-bedroom, 2-bathroom manager's unit with a secure undercover car space.
8. No set office hours, allowing for flexibility and work-life balance.
9. Strong net profits of $180,431 and a reliable annual Body Corporate salary of $125,024.
10. Located in a quiet street near cafes, schools, and local amenities.
11. No pressure from rigid operating requirements.
12. Complex consists of 65 units, with 9 in the letting pool, 43 owner-occupied, and 13 managed by outside agents.
13. Agreement term of 18 years remaining.
14. Manager's unit valued at $1,075,000.
15. Opportunity for minimal complexity for those looking to enter the Management Rights industry.
Management Rights Multiplier: 3.60
ROI Estimate: 27.76%