Management Rights are an excellent choice for many people. The lifestyle that comes with owning Management Rights can be extremely appealing, and Management Rights work as an investment, a home, and as a business.
When you purchase Management Rights to a building, you will essentially move in and become a live-in caretaker. You’ll be managing the common property on behalf of the Body Corporate. It’s a bit like buying a home and a business at once.
You duties can vary depending on the contract, but may include mowing lawns, maintaining pool & garden areas, monitoring the building by-laws, and manning the front office. Depending on the type of building, units will be either Permanent (long-term letting), or Holiday (short-term letting).
Part of the work is being in constant contact with the unit owners and tenants, so good people skills are a must.
You’ll typically receive remuneration from the Body Corporate for the caretaking role. You may also receive a commission for the letting of units, which can be a very nice boost in your income.
If you’re interested in purchasing Management Rights, please check out MRSales.com.au. With extensive listings and articles, you’re sure to find it helpful!
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