With ideal CBD Locations and stunning resort destinations, Oaks Hotels & Resorts and Minor International have created a contemporary hospitality group to take on the world. With over 40 strata titled properties under its management, Oaks Hotels & Resorts is recognised as one of the most successful strata title hotel and resort managers in Australia.
From the moment we start managing your property you will see a difference. Our operational model is unique and the operations within every property are individually tailored to meet guest expectations whilst maximising owner profit. The management alternatives we offer are outlined below.
Permanent Tenancy – Long term rentals
Mint Residential operates one of Brisbane CBD’s largest permanent rental portfolio’s on behalf of MINOR and OAKS Hotels. We’d be only too pleased to source and facilitate a permanent tenant for your property if this is your preferred option. Specialising in all CBD and inner-city apartments – having your property managed by one of the biggest networks in the city has its advantages!
With available rental lists at all our inner city buildings – we have one of the largest sources of prospective tenants from which to choose from to ensure you get the best possible tenant at the best possible return. We employ a reputable and experienced team of experts to head up our permanent rental office and we’re always looking for new opportunities.
As part of our service – we conduct periodic property inspections ensuring that your investment is protected at all times. Our team are in contact with the on-site management and front of house team daily – which ensures that the best service is given to both you and your tenant with easily accessible maintenance teams in the event an issue arises.
We pride ourselves on operating one of the best permanent rental divisions in the city with a focus on reducing costs for owners and maximising your return. Talk to our team today and enjoy the benefits of having your property managed by the team at MINT Residential.
Performance Undertaking – for Corporate Letting (Fixed Return for Oaks / Minor buildings)
Minor International / Oaks Hotels & Resorts’ corporate letting proposal provides you with a fixed income stream derived from a gross weekly rental as your asset is managed within our short-term corporate letting pool. We will also offer a performance undertaking, which is a fixed amount that we will negotiate at the commencement of the agreement and pay each month with no down time, regardless of occupancy and after management expenses. We are also committed to delivering a higher return than the permanent rental market.
In order to ensure that your investment delivers the best possible return, market reviews are conducted on an annual basis and subsequent rental increases applied. Additionally, you can be assured that your apartment will be maintained to the highest standard, with a Minor International / Oaks Hotels & Resorts team member entering your apartment at least twice weekly to undertake cleaning and routine maintenance. Minor International / Oaks Hotels & Resorts will also cover the cost of minor repairs and maintenance of furniture and fittings for the life of the agreement.
We also welcome you to enjoy the opportunity to stay in your apartment and experience the renowned Minor International / Oaks Hotels & Resorts hospitality first hand and enjoy the many local delights on offer in our key locations.
Performance Based Management – for Corporate Letting in Oaks / Minor managed buildings
If you elect to partake in a performance based income arrangement you would receive returns dependent on how the property performs in the serviced apartment letting pool. This agreement also allows you to take full advantage of our marketing expertise, primarily targeting the corporate and leisure travel markets, conference bookings as well as utilising multiple marketing channels, your asset will be promoted consistently via our sizeable internal database and external agent partners.
With a management fee of 12% plus GST on the income your apartment generates, you would be responsible for expenses incurred, however, this arrangement may produce a higher net return per month than the Performance Undertaking arrangement. Given the seasonal nature of the property, the returns will naturally vary month to month and be indicative to demand but generally can be higher at this agreement level.