ABOUT LIN ANDREWS REAL ESTATE

GREETINGS FROM THE FOUNDING DIRECTOR

Lin - Photo

Lin Andrews, Founder and Group Chairman, shares……

“Our Group history goes back to 1969 when my wife (Bunty) and I sat one Saturday night free from socialising. We paused to consider our privileges….

Our questions… “How can our lives make a difference?” That night we resolved to do something very bold!

At the time of these decisions, South Australia was implementing its Development Act 1967 – 1972 and talking a lot about tourism.

We built holiday flats at West Beach and then at Grange. These were followed by an office building, a warehouse and several homes.

During those first years, we invested and established a number of companies in diverse industries but always achieved our greatest satisfaction in the property industry.

We became agents as well as developers!
As agents we had a passion to assist people who were not generally trusting of Real Estate Agents. Our Agency business grew disproportionately to our other activities… possibly because we really liked helping people.

Most people lacked confidence in their ability to invest in the future.
People were disillusioned with the repetitious collapse of other investment schemes which rose to prominence from time to time.

We resolved to assist people to own their own real estate.
Investment seminars and excellent property management services made this possible.

These residential investments became a store of wealth to investor clients and provided accommodation for those who needed a home to rent.
At a later date we added commercial property to our skill base.

Commercial property meets the needs of entrepeneurs who grow businesses and create employment.

It may also offer a higher rate of cash flow to investors who are dependant upon their rental income.

Today we facilitate employment and accommodation across an increasing number of communities, throught the provision of property management, sales and leasing services for a diverse range of residential and commercial property.

We also design and develop commercial property according to community needs.
I am increasingly convinced that principle centred economic activity is the way to meet the sustainable needs of every community. We are proud to be a part of this great economic solution.”

MEET OUR TEAM

Directors

Commercial Sales & Leasing

Commercial Property Management

Residential Sales

Residential Property Management

OUR STORY

building4

Lin Andrews, Founder and Group Chairman, shares……

“Our Group history goes back to 1969 when my wife (Bunty) and I sat one Saturday night free from socialising. We paused to consider our privileges….

Our questions… “How can our lives make a difference?” That night we resolved to do something very bold!

At the time of these decisions, South Australia was implementing its Development Act 1967 – 1972 and talking a lot about tourism.

We built holiday flats at West Beach and then at Grange. These were followed by an office building, a warehouse and several homes.

During those first years, we invested and established a number of companies in diverse industries but always achieved  our greatest satisfaction in the property industry.

We became agents as well as developers!

As agents we had a passion to assist people who were not generally trusting of Real Estate Agents. Our Agency business grew disproportionately to our other activities… possibly because we really liked helping people.

Most people lacked confidence in their ability to invest in the future.

People were disillusioned with the repetitious collapse of other investment schemes which rose to prominence from time to time.

We resolved to assist people to own their own real estate.

Investment seminars and excellent property management services made this possible.

These residential investments became a store of wealth to investor clients and provided accommodation for those who needed a home to rent.

At a later date we added commercial property to our skill base.

Commercial property meets the needs of entrepeneurs who grow businesses and create employment.

It may also offer a higher rate of cash flow to investors who are dependant upon their rental income.

Today we facilitate employment and accommodation across an increasing number of communities, throught the provision of property management, sales and leasing services for a diverse range of residential and commercial property.

We also design and develop commercial property according to community needs.

I am increasingly convinced that principle centred economic activity is the way to meet the sustainable needs of every community. We are proud to be a part of this great economic solution.”

PUBLICATIONS

A BAROMETER OF CHANGE

Well it has happened sooner than any of us expected.

We are in the fourth month of the calendar year already. Mid-Autumn with the leaves of summer being discarded onto our footpaths and roadways.

Colourful… yes! A nuisance… yes!

But a warning that the whole of life revolves around times and seasons… and NO… Nothing is forever! Plan Ahead Now!

Almost every reader of this Newsletter is in business to a greater or lesser extent.

We now move into the last quarter of this current financial year.

This is a time for us to pause for a moment. Step aside from day-to-day activities and take a good look at who we are, and what is happening around us.

There are clear times for us to work on our affairs, in readiness for the winter reality, which lies ahead.

For those in property, use the next thirteen weeks, the final weeks of this financial year, to record and create the results which you may achieve with more focus.

Now is the time to determine our planned tax structures and strategies which will affect our cash flow next year… and the years beyond.

In our private lives – the mid-Autumn changes of the natural world, may be likened to the gentle new sagging lines of our own bodies. Changes which remind us to enjoy the present season of life whilst wisely planning for the future.

Love the mid-Autumn…  A time of colour, change, and perhaps inconvenient awareness!

Prepare well and achieve the results which will be reported and published for others to read.

An exciting time of awareness!

Property owned or leased is an important part of everyone’s future.


KNOWLEDGE – WISDOM – DISCERNMENT… POLITICS AND THE WISE

I have often heard “inspirational” speakers quote the following,

“There are three kinds of people in the business world”
Those who MAKE things happen,
Those who WATCH things happen,
Those who ask WHAT happened.”

In this fast moving world where we as a group of companies meet the property needs of many Australians of every age and financial status, we note our respect for every client group.

We comment below as to the great value and wisdom which each contributes to the stability of our society.

Those who ASK WHAT HAPPENED are a very special Group. These are the ones who have been achieving in their own area of expertise and come to us seeking knowledge based solutions.

This is a group of people who are most likely to discern what is now being revealed and will make their decisions based on the current facts which we are able to provide either directly or through others. These are the backbone to our investor base, providing accommodation to those who would not otherwise have the opportunity of renting homes, offices or factories & warehouses.

Those who WATCH THINGS HAPPEN are those who have invested according to the economic or political factors of the past and are now watching the proposed changes which may impact their livelihood going forward.

These people are a great silent group who watch and then vote at the ballot box as well as with their Capital Resources.

After watching and listening, these people are coming quietly to check the alternatives available to them, so they may continue with their independent life of being “self-funded retirees”.

This group may appear to be watching, but after a time their WATCHING becomes an avalanche of silent action.

Those who MAKE THINGS HAPPEN are often the ones who cause the greatest grief.

These may be the scurrilous people who talked-up Roxby Downs as becoming the biggest open cut mine in the world and then when the ordinary trusting people had invested, they discovered it to be more political hype than fact.

As rental agents of Commercial Property, these are those prospective tenants with all the ideas in the world but no money.

We manage a lot of property for people who purchased from equally scurrilous people who spruiked the benefits of negative geared property and sold to them at prices which are not likely to be realised on a secondary sale for years.

A SUMMARY

Of course we need the stimulation of entrepreneurs who create new jobs and opportunities. People with their feet on the ground and with integrity.

We deeply respect those who take time to examine the facts and “proceed slowly with haste”, and we know that in this fast moving world one should never be embarrassed to admit that he/she does not know much about the subject of discussion. It is called doing ones “due diligence”. Ask those who are paid to know!

In the management of residential and commercial property, we have different teams of people who answer to different managers. Both departments will function to the Lin Andrews Motto,

“Integrity protects both the Landlord and the Tenant… The Lessor and the Lessee”.

AROUND THE TRAPS

Residential Property Management

Currently many of our residential property managers are under-employed as tenants choose to renew their leases rather than take the opportunity to relocate.

This is a 2019 phenomenon.

Lease renewals take a lot less time to assess, negotiate and upgrade in our systems than does the process of meeting potential tenants on site, going through our extensive screening processes, completing paper-work such as Tenancy Agreements, Bonds, Tenancy Registers etc. and then ingoing inspections and sign-offs including involvement with the owners… and lots more.

There is a general shortage of residential accommodation for lease with the exception of the City, where there are high vacancies in apartments.

Residential leasing this year is different and In our opinion investors should be buying homes with accompanying land. Land does not depreciate and generally GROWS IN VALUE. “God stopped making land a long time ago”.

Investment in homes on their own land is a very safe way to create and accumulate wealth… do it now!

Residential Sales
Too many investors are selling their homes and creating a shortage. Investors doubtless have their reasons, but we think it is sad that investment property is being sold when we believe Adelaide is on the verge of significant price increases.

The staffing required for the new Defence Contracts is much greater than is currently available. It is not Rocket Science to understand there will be a whole new demand for homes in South Australia as workers are attracted into this State. This must equate to substantial price increases.

Go and buy a home now and give it to Lin Andrews Real Estate to manage!

Grab one now before negative gearing (may) become an issue to new investors of existing homes.

Commercial Leasing
The most recent employment figures show that unemployment in South Australia is still too high BUT it did come down by 0.5% during the latest reporting period.

Some of these were doubtless employed in premises managed by Lin Andrews Real Estate.

The writer is aware of interstate firms changing their paradigm of staffing SA, out of Victoria, and have now rented from this company and employed local people for representation.

This is great news at “ground level”.

“From little things, big things grow.” We are very happy to report this type of activity within our Commercial Portfolio.

Grow your business by renting the right property to suit your current staff and customer’s needs.

Commercial Sales
It is interesting to report that due to the proposed changes to “taxing of dividends received by Self-Funded Retirees”, we are already enjoying a lift in sales of leased Commercial Property.

It appears that many are planning to relocate their money into property which is already managed by this company. In the light of our current experience, there will be a big demand for smaller and mid-range leased commercial investment property, if the proposed taxing of dividends in the hands of self-funded retirees becomes law.

All of this to say that we need a lot more Commercial Property to sell, and meet this emerging demand.

LEGAL STUFF

We all have lawyers and accountants to keep us advised of changes which may impact our various investment strategies. Occasionally there are matters which we would love to share with our client base.

During recent weeks there was an interesting case where a tenant, who had been “Holding Over” on an expired lease, was taken to Court by the Lessor (Landlord) to have enforced a new five year lease. This again gave the Landlord certainty as to the leasing of his property and its revenue flow.

We have taken notice of this Court Action because it is not uncommon for a Lessee to hold-over Commercial Property at the expiration of a lease. Some tenants do not want to leave, but they do not want a long term commitment either.

They feel that possession is nine tenths of the law and there is not much that a Lessor can do about it.

Well there is!

The law is clear that a lease which is held-over for more than six months becomes a new and formal lease extension and the Lessee loses the right to simply walk away.

We are not lawyers and each case needs to go to a lawyer for professional opinion, but this legal determination spells-out the rights of a Landlord in a much more definite way.

Property Management with Integrity protects the rights of both Landlord and Tenant.

 

If you would like to get in contact with us, you can email us at linandrews@linandrews.com.au alternatively you can phone our office on

(08) 8234 1212

CONTACT US TO ENQUIRE ABOUT OUR PROPERTY MANAGEMENT PROCESS TODAY