We go behind the scenes with management rights owner, caretaker and onsite manager of Sailfish Point Resort in Mermaid Waters Qld, Guy Elliot.
Frank Higginson interviews Guy to discover what he wishes he knew before owning a management rights business.
“Sometimes there are disputes you need to get involved in. But lots don’t need you. Be very careful about taking a position on a dispute that doesn’t really affect you – because you will turn people offside by doing that.”
“Understand the stress you’re walking into. Knowing the history of the complex was complicated and having a father that was also in management rights, I went in to this with no idea about what goes on behind the scenes in the business.”
“No one makes money for nothing… MR is more than just a great lifestyle, there is a lot of work involved and if there is $150,000 body corporate salary then there is probably $150,000 worth of work involved.”
Your caretaker’s role is your number one priority. Always go above and beyond your contractual obligations and your owners will be happy with you”
Frank has extensive experience in strata law and is an active participant in the body corporate and management rights industries. He regularly presents at industry events and offers thought leadership on why strata and body corporate disputes need to be resolved in a different way.
Relevant Links:
Donald Rumsfeld “Unknown Unknowns!” https://www.youtube.com/watch?v=GiPe1OiKQuk
GKM Real Estate YouTube Channel: https://www.youtube.com/channel/UCMrmFbapMFLAOX5Kx54eKYA
GKM Real Estate: https://www.gkmrealestate.com/
ARAMA: https://www.arama.com.au/
