PCS Finance is a Management Rights Finance Specialist company that has built experience in the Management Rights industry constantly for the last thirteen years (versus a company that has only been involved in a few transactions over the last 12 months).
By speaking to a PCS Finance prior to looking at properties, you will have an idea of your maximum borrowing capacity. You will then be in a strong position of purchase knowing your finance has been pre-approved subject to the banks’ standard lending conditions. This allows you to make an offer on a Management Rights business when you find it.
When you find a potential property, don’t hesitate to call PCS Finance to discuss the property and understand the fees, charges and ongoing interest costs.
When you are ready to place the loan application, PCS Finance will deal with the lenders available. There are eight banks that lend to the Management Rights industry. The benefit of working through PCS Finance is the best offer/loan structure for you will be evaluated by PCS Finance at no extra cost. PCS Finance is paid by the lender, not the client.
PCS Finance will explain why your loan has been structured and approved in a certain way. At this stage it is important to work with your Accountant and Solicitor to ensure the loan set-up will work hand-in-hand with the business structure set-up.
When you are ready to commence inspecting potential properties, contact a Management Rights property specialist in your area.
Property Brokers who specialise in Management Rights include:-
• Venz Management Rights
• Management Rights Brokers
• RnR Strata Sales
• Australian Resort Management Sales
• Property Pacific
• Kapitol Brokers
An Accountant specialising in Management Rights will evaluate the net operating profit of a prospective property and the verification report. This includes evaluating the actual income and operating expenses over the last 12 months.
The Accountant will also add value up-front by ensuring the business and loan set-up meets the criteria for tax deductibility. It is imperative that any loan documentation details the purpose of the borrowings in relation to the Management Rights business.
Accountants who specialise in Management Rights include:-
• Archer Gowland
• Baker & Affleck
• KARM Group
• Erika Thomas & Associates
• Moore Stephens HL
• Valmadre Accountants
• Jonathan Grant
• HLB Mann Judd
A Solicitor who has Management Rights experience will be beneficial to ensure the business structure set-up will benefit and protect the purchaser. If a partnership is developed, a Solicitor will ensure the Partnership Agreement is set-up correctly. Additionally, the agreement between the Body Corporate, a Silent Partner and the working Manager needs to be developed in fairness between all parties.
Solicitors who specialise in Management Rights include:-
• Mahoney Lawyers
• Hynes Lawyers
• Small Myers Hughes
• Hillhouse Burrough McKeown
• Pevy Lawyers
• Short Punch & Greatorix
• Nicholsons Solicitors
• Kim Christie
Management & Letting Rights - Sunshine Coast
Management & Letting Rights - North QLD
Management & Letting Rights - Sydney