Looking to buy your next hotel, motel, caravan park, or management rights?Work with the brokers who meet with Australia’s leading operators every week. Explore exclusive listings and deals backed by decades of on-the-ground experience: https://www.resortbrokers.com.au/In this exciting episode of RB Radio, hosts Frank and returning guest Winston, and co-host Chenoa delve into the complexities of the accommodation industry. They discuss key financial aspects, including the importance of understanding payroll and the clarity needed when signing contracts, especially concerning the calculation of key values. The episode emphasizes protective mechanisms like clawback and clawforward, highlighting their significance from both purchaser and owner perspectives. Listeners will gain insights into market trends, expert predictions, and personal success stories within the world of hotels, motels, caravan parks, and management rights.Follow Resort Brokers:https://www.instagram.com/resortbrokers/https://www.facebook.com/ResortBrokersAustraliahttps://www.youtube.com/@resortbrokersauhttps://www.tiktok.com/@resortbrokersauTimestamps:00:00:00 - Introduction00:02:14 - Deep Dive into Management Rights Deals00:03:01 - The Art of the Deal00:03:43 - Understanding Clawback and Clawforward00:05:44 - Importance of Financial Operations00:11:46 - Transparency in Payroll and P&L00:17:18 - The Role of Trust Accounts00:20:40 - Navigating Due Diligence00:30:01 - Engaging with Body Corporate

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