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

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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

GOOD MORNING!

My last newsletter for 2017!

What an amazing year!

There are effectively three working weeks remaining in 2017 – and how busy those weeks are going to be.

We have had a whole year in which to achieve our goals and yet human nature being what it is… we will fight for every minute and still not finish all that we had purposed in our hearts to achieve.

Well that is why we have times and seasons!

A form of natural discipline to keep our lives in order!

Have a great three weeks of work and then immerse yourself in the joy of Christmas and New Year Celebrations with those you love.

WISDOM & KNOWLEDGE IN PROPERTY INVESTMENT & MANAGEMENT

I am personally committed to multiple property ownership… with knowledge and wisdom… as a part solution to meeting financial needs at retirement.

This Newsletter is dedicated to increasing wisdom and knowledge in owning investment property.

I meet a lot of people nearing retirement. Most have paid-off a home over many years and this is the only asset they have, except for a small amount of superannuation which has been accumulated… thanks to compulsory superannuation contributions paid by their employers.

Retirees seldom have a lot of superannuation due to the short period of their working lives in which this excellent scheme has been in place. It is usually held in shares.

Some have acquired an investment home or two and these are negatively geared and do not assist in retirement cash-flow.

Others have wisely acquired commercial property which provides a higher positive cash flow and usually are very secure investments.

This month I would like to visit some of the factors which are important considerations when investing in commercial property.

I will identify a special project where our Development Company has built nine small “Tradies Sheds” to meet the current needs of small tenants, but which also meet our requirements of sound investment.

I will use the term… “When all the stars line-up”. A term used by ancient mariners and current fishermen who look to identify their location by the stars… the right fishing location where the fish are caught.

We will try and identify what those stars are in property investing.

WISDOM… AND A LITTLE BIT OF GOOD LUCK
A true story of two retirees

This month I have been dealing with two men who do not know each other but live and work within the same suburb… indeed they have worked within 500 metres of each other until each recently retired.

Each had worked part of his life for a boss and a part of life had been self – employed i.e. started a small business.

One of these men has retired to spend three to four months a year overseas, travelling in his recently acquired motor home, visiting sites which he previously had little time to enjoy. The other man has no superannuation to speak-of… and few savings. Strange how the cost of living quickly erodes savings!

The first man I met because we wanted to buy a parcel of land which he owns. He is not wanting to sell, as he knows the asset will continue to rise in value. If he sells he will immediately look to replace the land with another investment.

The other man lives on the property where he ran his business. He would now like to leave all traces of business-life behind. It is proving very difficult because we are dealing with one piece of land instead of a separate home and place of business i.e. one property instead of two.

The essential difference is that of investment properties owned by one and a single mixed-use property owned by the other.

The big lesson which I want to share with you is this… even a plea!

Multiple property owners at retirement, in my experience, enjoy more freedom and life privileges than those who have not so invested.

In my view, there should be every encouragement to own your own home, but you do not have to have this paid-off before you enter your next investment… although many find comfort in paying-out the bank.

The income from an investment home will usually be negatively geared but a wise investment in commercial property will be positively geared so long as the property remains leased… which with wise  management it should.

THE STARS LINE-UP FOR… TRADIES WORKSHOPS – SMITHFIELD

In the Smithfield Munno-Para area there has been an amazing number of new homes built for both the investment market and for owner occupiers.

This mass development occurred because “investment gurus” recognised the following factors;

  1. Land was cheap.
  2. The Government planned 80,000 people to occupy the area between Elizabeth and Gawler.
  3. Train lines were upgraded to provide a fast-reliable service to Adelaide… about 35 minutes to North Terrace.
  4. Electrification of the line is planned and partly installed for comfort and reliability.
  5. There have been many Government initiatives to create employment for those affected by the Holden closure.
  6. Easy access to the Defence Precinct which is emerging as a major place of employment.

These new homes need ongoing tradesmen who exist in large numbers… and too many still work from home.

New sheds specifically constructed for Tradies are just now being finished. Several are already leased and some are sold or have options of sale to their tenants.

We believe that a “Tradies Community” will develop on this property where mateship will mean a lot in sharing resources as only mates do.

These units are still available for sale or lease and are pictured below. They range in size from 90sqm to 175sqm and will meet the needs of tenants and investors.

Contact Lou Whitelock 0411 214 685.

THE STARS LINE-UP FOR… OFFICE/SHOWROOM/WAREHOUSE – INNER WEST

Some years ago, the Sharp Corporation contacted us to locate a site between the City and the Adelaide Airport and to introduce them to a developer or investor to build a purpose built building for their South Australian office.

The building still looks new but it has had several tenants. It has only had two owners since construction.

I have chosen to use this building to demonstrate how the “stars line-up” for this property.

  1. It is situated close to the Adelaide Airport and to the City of Adelaide.
  2. It is in the very heart of Greater Metropolitan Adelaide with a catchment area of more than a million people… all within a 35-minute drive.
  3. The building is age-less with its large glass recessed windows.
  4. It enjoys double story prominence and prestige.
  5. The design is flexible and open. It features offices and a ground-floor display area. It was designed with some storage area to house records or in its original format… new release products.
  6. Parking is both on-site and on-street. It is easily located on a corner of the prestigious green-leafy avenue to the airport “Sir Donald Bradman Drive”.

This building is currently available for lease and well-illustrates the principle “all the stars line-up”.

GREAT STAFF DOES MATTER

Too many times we feel that all staff are the same… all service is the same… and we buy our services only on price.

This company knows that not everyone would come-up to our staffing standards.

Not all employees in the market-place give the same level of service.

Today I make special mention of Deidre Wood. Because of her outstanding performance in dealing with a low-cost investment property.

This house was purchased through another agent specifically for investment purposes. Because the property needed maintenance it had a poor record with tenants.

Well maintained property attracts a better class of tenant.

The same agent attempted to later sell the property and put an end to a bad experience, but of course the property didn’t sell. It ran-up advertising costs… but remained unsold.

Eventually the owner came to Lin Andrews Real Estate because he did not know what-else to do. He was referred to Deidre Wood.

Instead of expressing a desire to avoid involvement since the property was not very appealing, she grasped the opportunity to give great service to an investor in need.

She listed the property for sale, had it painted through-out, had the carpets replaced and a low cost Bunnings kitchen installed.

She suddenly had a choice of buyers and sold the property for $32,000 above the other agents asking price.

Bravo – Deidre – Thanks for demonstrating that even small residential investors deserve our very best. There is a huge difference between the service provided by you and the many agents who compete for your business.

Low cost or high-end property makes no difference to Deidre. Contact Deidre for great service.

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