Tag Archives: finance

How Do You Make Money as a Resident Manager?

Resident Manager in BrisbaneAre you looking at investing in property as a long-term investment? Properties are a good choice, but like other investments, they come with a risk. However, as long as you mitigate and reduce risks, you have a good chance of increasing its value and making it profitable for a long time. One way to get into this type of business is to buy management rights in Brisbane; this is also a lucrative way to earn money and is a nice addition to your portfolio.

How Do You Make Money as the Resident Manager?

When you buy management rights, you become a caretaker and have the right to operate a letting business of the units in a complex on behalf of the non-resident owners, explains an expert from Resortbrokers.com.au. As a manager of the property, the body corporate pays for your salary for the following responsibilities:

  • Keep the common property in good condition
  • Oversee that the tenants follow the by-laws
  • A manager reports about any matter regarding the complex, whether it is good or bad

Other than the salary given by the body corporate, a resident manager can act as a letting agent. Through this agreement, he or she gets a commission and management fees paid by individual unit owners for getting good tenants and making sure the rental property is in top condition.

What Do You Get as a Resident Manager?

Many take the path of getting management rights when they want to enter the property business for many reasons, some of which include:

  • They get to live at the complex even if they don’t completely own it
  • Act as a caretaker for the common property such as the BBQ area, swimming pool, gardens and lawns to name a few on behalf of the body corporate
  • They have the right to let units in the complex for either a permanent or holiday term

This is just one of the options to think about when you plan to enter the property business. Management rights allow you to make money for both long and short-term tenants.

No, They’re No Bean Counters: Things You’d Never Expect Accountants to Do

AccountantThey say accountancy can be a boring job. You just count stuff up, add, multiply, subtract, and divide — repeatedly.

But, there’s actually a lot more to accountancy than people give it credit for. According to James Cook University Singapore, the profession of accountancy is one of the most sought-after jobs in the world.

Here are some facts about accounting you’d never expect:

The Word “Accountant” Don’t Sound Like Its Original Name At All

The term accountant comes from the French term “aconter,” which literally means to count, score or compute. Originally, it was used as an adjective, which means ‘liable to give an account;’ hence denoting a person who must do so.

The Romans Obsessively Made Accounting a Thing

Along with the great exploits of the great Roman Empire is the record keeping of their accomplishments. Before, accountants counted more than just money; they also counted food stocks, nails and weaponry.

The Father of Accounting

After the Franciscan Friar Luca Bartolomeo de Pacioli wrote the book about Double-Entry, which talks about the basic principles of accounting, it earned him the title, ‘Father of Accountancy’.

Accounting is a Vital Force Within the World’s Police

Accountants don’t always go to banks to become rich. In some cases, some also choose to take forensic accountancy or the profession that beats up criminals by just the use of numbers. The FBI alone has 1,400 named accountants among its special agents.

They Put Criminals in Jail by Analyzing Numbers

Accountants have the ability to determine illegal financial transactions without regard to status or reputation. In fact, the power of accountancy put the Chicago-based mafia boss in prison, not with charges of murder or any violent crimes, but tax evasion.

Apparently, Some of Them Can Throw a Serious Punch

MMA’s finest fighter, Chuck “The Iceman” Liddell, is actually an accountant before he defeated the tough guys in the UFC. Other accountant celebrities include John Grisham, Mick Jagger, and Janet Jackson.

While accountants look like timid professionals, their job lets you explore a number of endeavors. Unlike other jobs, accountancy offers great flexibility as long as everything tallies at the end.