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.”

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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

The month of March comes upon us too soon!

It marks the official end of summer, and then becomes the preparation month for the cold changes ahead… and yet hangs onto the summer months which have officially passed… but refuse to go.

 

 

Warm… even hot summer days linger… but the nights more positively assert… things are changing!

Life is like that! Times move-on and we refuse to let-go of the old!

This newsletter is about property and how we may use it, to benefit ourselves and the communities of which we each form a part.

 

 

And like the changing of the seasons there is constant change in property!

 

SME’S IN SOUTH AUSTRALIA ARE ACTIVE
Although we are only a few short weeks into 2017, yet in South Australia, at a commercial level, there is a lot of new activity by property owners.

The Lin Andrews market sector is that of SME’s… Small, Medium size Enterprises.

Our sales and leasing activities in this sector are running very high!

I write only about our own activities, as commentary on the market as a whole, may only be made when reliable statistics become available.

 

NEGATIVE TALK IS ONLY A PART OF THE STORY
There is a lot of negative talk about electricity costs, coke-a-cola closing its manufacturing plant etc. BUT we are very busy accommodating others who are just getting-on with business.

Those who are expanding their operating bases hardly get a mention in the media… and still others, do not want to talk-up their plans of expansion.

At Lin Andrews Real Estate, we are very reluctant to tell of our plans to increase staffing levels, since there is somewhat of a fear factor and uncertainty… but we are in the process of doing just that!

Meeting demand for “world best practice”, requires the right staff in the right place… all of the time.

 

PRICES ATTRACT INVESTORS TO SOUTH AUSTRALIA
Investors abound, as South Australian property prices remain at very affordable levels in both the commercial and the residential sectors.

It is almost as if our clients are tired of the background “noise” of politicians who are given to criticism and blockage.

It seems that many, have decided, “we will build our part of the economy… both state and national… despite the carping criticism of politicians and their school-boy bullying tactics applied against each other.”

Many of our properties are being sold and leased as the result of mature-age business-men retiring, but this is not a negative. In a way it is refreshing!

The new owners and lessees, are as excited about the expression of their dreams and aspirations as the retirees once were.

I personally encourage the expression of your dreams to be outworked in South Australia!

 

INTEGRITY IN BUSINESS IN SOUTH AUSTRALIA
If you are one of those, “Bad Dudes,” as defined by Donald Trump… don’t even try to do business in South Australia.

The South Australian Business Community is small enough that you will not be able to hide from us… the integrity of the South Australian Business Community is exceptionally high.

We open our arms to people of integrity… we will do everything we can to help your success… BUT if you are not a contributor to the triple bottom line as defined by those who really care… then find somewhere else to try your short term inward-looking business practices which benefit only you.

“Bad Dudes” Tactics encountered this month… and some lessons to be shared
INVESTMENTS
Above I have described just a few of the changes which will benefit our operating company. I share them in the hope that our clients may be inspired in some way by our activities… and to let you know the way we think. Property Investment has driven our group since its inception 47 years ago.

By investing in property the investor benefits. So does the tenant or lessee of the property.

During the last few months of 2016, we witnessed a frenzy of activity in property investment in its every form.

we also witnessed an amazing uplift in the number of commercial leases being processed.

I share these facts with you because we believe there is a lot of confidence in the future of this State.

 

STORY 1 – INDEFEASIBILITY OF TITLE
We had an investor from Sydney via Cape Town in South Africa, have a long discussion with me concerning an investment he had made in South Australia. He had bought, knowingly, a commercial property which had zero parking of its own… Not wise!

The investor and his business partners then spent a lot of time and money using a specialist to examine the past records of a neighbouring property using Freedom of Information facilities. This was a long and probably expensive process… but he was intent on turning a poorly thought through investment into something which it is not.

He contacted me to say that more than thirty years ago there was an arrangement between the two adjoining owners at that time… as to parking privileges. These had not been registered anywhere and now he was insisting that he had the right to have our clients building demolished so as to restore the privileged parking of three decades ago.

I kept my calm, feeling sorry for the guy because he truly believed he could use heavy-weight tactics to get car-parking which did not belong to him.

The truth is that in South Australia we have something very special to protect the buyers of property. It is called “indefeasibility of title”.

The owners of the neighbouring property had purchased and developed the property after searching the title. There was no encumbrance except the usual Bank Mortgage which was discharged at settlement.

This “Bad Dudes” was claiming a right to have the building demolished because of an agreement which had never been registered and which had expired more than twenty years ago… between the owner’s way back then.

The neighbouring owners feel less inclined than ever to deal with their new neighbour… and this investor should take note that bullying tactics do not work in South Australia… and yet in the event of a genuine mistake we will go to the ends of the earth to be of assistance to all parties.

South Australia… A great place to invest…

 

STORY 2 – BUYING FROM INVESTMENT SEMINARS
Owning property is not like owning shares.

When you buy a property it is more like buying a puppy.

It belongs to you for better or for worse.

The sales-people involved in the sale must comply with the law of agency. They do not act for the purchaser… and they are not the ultimate owner.

Ultimately it is the owner who must accept responsibility for his/her purchase.

Too many times we find that the sales consultant exaggerates the role of the property manager and confuses the roles of people involved in the management of this very important long term investment.

We have helped settle-in a lot of new property owners over the past 47 years, but of late there seems to be an increasing number of licensed builders and their agents selling investment property, who want to diminish their responsibilities to the absolute minimum, that they can get away with.

Of late we have had to educate new owners, to understand that a property manager will not go beyond his/her competency in doing inspection work at hand-over…  that should be done by the owner or a registered building inspector.

One or two specific agents have held-out that the residential property manager should do a thirteen-week final inspection of work to be claimed from a builder… they make it appear simple.

The residential property manager is not licensed to note tiny cracks, poor paintwork, grout failure, air entering through loose-fitting window frames, subsidence of soil over plumbing works, under- designed air-conditioning and the like.

Either the owner does this himself or he must pay round $400 – $500 to have a proper inspection by a licensed Building Inspector… do not blame the property manager who is better described as a lease manager.

Builders working through these high-powered sales agents who sell investment property, have consistently stated that they will not extend their maintenance to work once the thirteen-week period has lapsed… and they will not attend work until the thirteen-week report is prepared by the owner… a tiny window of opportunity for maintenance work.

The attitude of some specific sales agents has been to blame the residential property manager… and protect the builder from whom he expects further sales listings… and commissions.

We encourage all of our clients for whom we act as property managers, to take a strong stand against those who would avoid a professional thirteen-week inspection OR hand-over inspection… both of which are so very important to ensure the building is sound and enduring for the years of investment security which lie ahead.

The question of buildings being built across ancient water ways on sloping land has caused a lot of trouble of recent weeks… and every-one wants to blame another.  This is not the responsibility of property managers… who as noted previously may be more correctly designated as lease managers. He who owns … needs to assess the long term security of the asset… Maybe an independent Engineer should be consulted in these cases… and sometimes a trip to the Builders Licensing Board may be required… although this is rare.

Some of these developers and agents may be classified as “Bad Dudes” … but maybe they could be “Good Dudes” if they would do their jobs correctly and stop attempting short-cuts which hurt those who are falsely blamed… and undermines the future integrity of the property.

 

IN LIGHTER VAIN
There continues to be a push for changed tax laws in regard to negative gearing and capital gains tax in general.

This is not new!

For decades these matters have been on the agenda of certain groups… whose views differ according to their status in government.

Our most wealthy clients are those who have the ability every day to find property investment opportunities and buy… and give to LARE to manager… and ultimately we each bank the profits… as do our staff members whose career it is to keep our clients happy and prosperous and the many tradies who provide high quality maintenance services.

Have a great month of March loving and caring for your property portfolios.

 

 

 

       

   

 

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