23 Jan 2014
Words Tim Admin

Phil and Kathy Have the "Can Do" Attitude!

Phil and Kathy Taylor have the “can do” attitude that a lot of Kiwis and Aussies justifiably pride themselves on. , Even though they had no experience in the tourism industry, they were prepared to give running management rights a go. Phil came from a corporate background working for an Irish multinational food ingredients company and Kathy had worked in administration for years, starting with the BNZ in NZ and recently completing an advanced diploma in accounting. In between they had renovated five houses and operated three retail businesses. This varied experience coupled with a hands-on approach have made running there management rights a successful venture. I asked them why they choose to buy ……………………, near Coomera on the Gold Coast, which consists of 48 residential houses. They said they did a fair bit of market research, looking into franchises and other types of business and decided that a residential management rights suited them because it had a body corporate salary and the houses rented well in fact at times they have had a waiting list. The …….. is surrounded by private schools. They rarely have problem tenants as most are either single mums with kids , happy with the security provide by the gated complex or else D.I.N.K’s or S.I.N.K’s Double/Single Income No Kids. As well as the management rights they have a rent roll of 45 properties in close proximity to them. Together these two businesses provide a good return on investment, they don’t have to carry any stock, there are no debtors and they are the first to get paid. Phil is a handyman who fixes everything from a leaking tap to a broken window. This means that maintenance and repairs don’t get out of hand and are cost effective it also allows him the opportunity for an informal inspection of the property. Kathy sends out the reports and manages all the book work. They work well together have a good combination of skills and enjoy dealing with people, and they tell me that being a Kiwi has not been a disadvantage at all.