ExNet

ExNet Daily News

2009-08-20 15:31:23
MANAGEMENT RIGHTS USA
The Australian originated Management Rights system for lodging properties could well become the new "Angel" that holds the promise of helping to resolve many of the financial problems faced by Community Associations across the USA.

In Florida Condo and HOA’s are filing for bankruptcy! There are tens of thousands of both owner-occupier & investor owned properties right across the State where owners are in URGENT NEED of receiving greater income from their property. On a national basis the situation is appalling yet this situation can be addressed and in many cases resolved using the Australian originated “Management Rights” lodging property management system.

Many of these complexes and the individual properties located within complexes are ideal for conversion to Management Rights (Qualifying Properties) and the significant benefits that flow from an on-site resident management structure backed up by a flexible letting system that enables property owners to enhance to the fullest, the income available to them from letting.

By creating and selling off an Associations Management Rights, such an entity can return capital back to the Association for the benefit of all property owners within a complex. At the same time, MR sets up an on-site resident management and letting team that forever replaces inefficient (and overly expensive) external management companies and ineffective realty agents.

With a structured financial package, Internal Rates of Return (IRR), in excess of market norms can be enjoyed by owners who up till now had very limited choice in rental maximization strategies. Sanctum Stay’s Management Rights program can help deliver these strategies to owners of units within Qualifying Properties. We invite developers and Association presidents to contact us now and see how Management Rights can return capital to you and open the way for property owners to deal in their property as they decide what is best for them while protecting the needs of both developer and/or Associations.

At ExNet, we are looking to the day that we formally launch our soft dollar system so as to be able to allow renters to pay a portion of their rentals in soft dollars in order to help save their hard dollars (cash).

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