Management Letting Rights - Passive Ways To Increase Your Income

Over the years, we’ve sold many buildings that have an infrastructure in place for the management Letting rights owner to resell electricity or provide electricity meter reading services for a monthly income. Richard Skiba have a background in the power industry, so Richard Skiba absolutely loves this idea. Our "Prosper From Management Rights have run an information event which covers the following:​​​​​​​​​​​​​​

1. How to reduce the body corporate costs for electricity supplied to the common area.

These systems provide a cheaper rate to the body corporate for an electricity retailer to supply the power that will energise electrical devices in the common area, including heating, cooling and general consumption.
If the body corporate can purchase electricity for a lower price, or it can reduce their electrical energy consumption, then the bill will be lower, and therefore the levies will be as well. If the levies are reduced, then you as an owner pay less and will have more money.

Each building or complex is unique and needs to be analysed to determine where and how the modifications in the electrical supply and billing systems can be implemented to achieve the best results, such as gradually changing the halogen/fluorescent/incandescent lights with LED technology.

It costs a bit more to purchase initially, but the savings in usage will pay each device off in a year or two, or even less if they’re being used heavily. Also, fewer lights will need replacing over time. If you have 261
halogen lights in the common area, and they fail at a rate of 25 percent per year, it equates to more than forty light bulbs/starters/inductors/ PFC capacitors per year! This is time and money.

Check out "The Management Rights Formula" For Details of...

2. How each unit can offset their own electricity consumption.

3. Electrical Distribution Networks 4. Bulk Electricity Supply Agreements

5. Management Letting Rights How to Pay Less for Your Energy: Important Things to Remember As An On-site Manager

6. 4 Great Reasons Why Onsite Managers Should Develop An Energy Buying Strategy in Their Management Letting Rights

7. 3 Parts of the Cost Breakdown of Electricity: Why Onsite Managers Should Care

8. The Biggest Challenge with Solar Power Systems & Onsite Managers Can Do To Overcome It

9. 11 Little Known Benefits Of Purchase Power Agreements That Onsite Managers Don't Know About

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​What is SIRE’s mission?

To be the preferred sales specialist for management rights owners, as well as trusted advisors to help our clients build their business and live the lifestyle they deserve.

​Do you personally invest in management rights?​​​​​​​

Yes. The SIRE team members are all actively invested in management rights, which helps us share up-to-date solutions with our clients, while also demonstrating that we truly believe in the products we’re selling.

What’s the advantage of using the SIRE team to sell management rights?

First of all, you’ll get a higher price. But more importantly, it’s a complex business transaction, quite different from residential, commercial or land sales. This is because there are so many conditions that need to be met
with numerous stakeholders and legislation involved in the contract. You really need a specialised expert who understands management rights from a commercial, operational and systemised point of view, and how the body corporate operates in order to ensure a smooth transition. This requires a team behind you who can warn you of possible complications and provide amicable solutions where all parties’ interests are protected.

​​​​​​​It might sound complicated, but we’ve had a 100 percent body corporate approval rate since the day we opened, so it’s second nature to us.

Thinking of selling? Contact the SIRE Team Now 0404 331 310 or click here.