If you are considering buying management rights, it is important to know the duties that you are expected to carry out as a manager. The duties of a manager are caretaking and letting.
The main role of the management rights managers is to take care of the complex. Your duty will be to take maintain the common areas of the complex. Common area’s include the properties footpaths, driveways, carparks, gardens, swimming pools but also the lighting of these areas. A body corporate will come up with a schedule to let you know how many times you are expected to carry out these duties. The tasks can be carried out daily, weekly and monthly. The body corporate might also assign other duties to the manager. Before you sign the contract make sure you understand what is required.
The second major role as a manager, is to let the units in the complex. This means that you may have to advertise the lots that are available and interview potential tenants to determine their suitability. You will sign an agreement that requires you to collect and then account for the rent. Managers are also expected to run an office with a reception area to cater for owners and tenants during specified business hours.
Managers usually negotiate terms and agreements with the unit owners. During the appointment, you will determine the services you will offer the owners and the charges. You can also get income from maintaining, servicing and cleaning different lots within the complex.
Complexes usually have by-laws and managers are supposed to ensure they are followed. The by-laws are designed to ensure that the owners and tenants co-exist peacefully. A manager is also expected to ensure that a complex is secure. This does not mean that managers offer security professionally. As a manager in a complex, you are expected to hire an appropriate security company to ensure that the individuals and properties remain safe.
There are many benefits to choosing RESORT SALES to handle your management rights, tourism and accommodation property investment needs.