#003 - BEST Practices for New Management Rights! 🤔🤝

Checked Inn With Resort Brokers

Join Frank and Trudy on Checked In with Resort Brokers as they delve into the world of Australian accommodation industry. In this episode, they are joined by Georgina Bishop, a seasoned professional who recently sold her management rights in Newstead. Georgina shares her insights and experiences from managing her business for 13 years as a single mom. Tune in for expert predictions, market trends, and personal stories that make up the fabric of the accommodation industry.

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Timestamps:

00:00:00 - Introduction

00:05:17 - Flexibility and Work-Life Balance in Management Rights

00:06:14 - Importance of Processes and Tools

00:13:24 - Adding Another Property: Lush

00:16:27 - Changes in Body Corporate Dynamics

00:20:19 - Visibility and Availability in the Complex

00:24:28 - Importance of Pre-Planning for Business Transfer

00:32:47 - Challenges and Realities of the Industry