Dallas and Myra Grindrod step up take on the challenge of four buildings

by Leisa Toomey, General Manager, Walter Iezzi Property Group 23rd of March, 2018

Dallas and Myra Grindrod step up take on the challenge of four buildings

The Walter Iezzi Property Group has a longstanding association with Development on the Sunshine Coast and in the past few years it’s property management arm has undertaken a holiday and permanent  rental/caretaking role with it’s newest Developments knowns as Nova, Saffire and Elysee and all  in the Mooloolaba area.

 

In 2017 when the Group decided to move on from that role, knowing their latest project Pinnacle at Picnic Point, would be completed by 2018 it became an obvious decision to sell all four management/letting businesses inline to give the incoming purchaser an established business with an appropriate economies of scale so those businesses could thrive.

 

The next challenge was finding such  a purchaser who understood this very demanding industry who could deal with the day to day rigour of the (sometimes unrealistic) demands of owners and investors and keep the buildings in good shape and ticking  over!

 

Our patience paid off when Dallas and Myra Grindrod stepped up and decided to take on the challenge of four (4) buildings and four (4 ) individual Body Corporates.  We knew with the long term experience of Dallas and Myra in this industry, that they had the passion and drive to make the transition work successfully and provide first class attention to each building.  

 

One of the biggest attractions for Dallas and Myra was the opportunity to work as “off-site” managers on each building.   They were both very alive to the pressures and discomfort that comes with living on site, and because each building is so well appointed and self-contained the appeal of “off-site” management was too great for them.  

In these times some sources say on-site managers sit it out for about two years and then on sell because of the significant expectation of owners and then the level of income derived from this demanding work, this not only disappoints the owners but the managers who have made a lifestyle investment.

 

It is the case “off-site” management is an attractive option that keeps owners content and managers ‘sane’.

 

Dallas and Myra have the expertise and professionalism we were looking for to pass onto our owners so no one would be disappointed, in that they would stay long-term and the owners have consistency from year to year.

Congratulations to Myra and Dallas from Lyn Pearsall and all the MR Sales team.

 

Myra loves a challenge and what a challenge she now has however she and her husband Dallas are a formidable team and are meeting those challenges with energy and enthusiasm. 

 

Maintaining it is a great learning curve. Firstly taking over 3 buildings on Christmas and the festive season was fraught with difficulties with tradespeople and suppliers not being readily available but Myra having owned and operated a nearby Mooloolaba Motel had her own network of people at hand.

 

Her next challenge will be Pinnacle at Picnic Point, presently under construction and due for completion in August.

 

It was my pleasure to work with Myra for her professionalism and her ability to maintain balance with her own busy home schedule and responsibilities.

 


Comments Section

comments powered by Disqus
Sought after leasehold motel business in Mid North Coast regional centre
Swansea Motor Inn - 1P5441
Only 750m to this Sunshine/Cooloola Coast City's Major Hospital - 1P5442M
RESORT OPPORTUNITY ABSOLUTE BEACHFRONT!! 457K Net profit.
SAPPHIRE COAST LEASEHOLD MOTEL WITH MAGNIFICENT VIEWS | Resort Brokers ID : LH007076
Waterfront Off The Plan MR on the Redcliffe Peninsula - $338K projected net | Resort Brokers ID : OTP007090
Bullet proof Warwick performer | Resort Brokers ID : LH007088
High performing holiday letting business in boom Southern GC location! | Resort Brokers ID : MR007084
1838ML - GATEWAY TO THE GRAMPIANS GEM
27 High Quality Rooms with Huge 3 Bedroom/2 Bathroom Residence Overlooking the Golf Club Fairways - 1P5440M
STUNNING MANAGEMENT RIGHTS COMPLEX IN THE HEART OF MOOLOOLABA.
Outstanding 25 room Freehold Motel in Biloela | Resort Brokers ID : FH007086
New Lease on Large Tourist and Cabin Park in a popular tourist destination | Resort Brokers ID : LH007083
Brand new 30 yr lease - 41 room fully refurbished regional motel and restaurant | Resort Brokers ID : LH007078
Fully refurbished, 41 Room Freehold Motel located in major regional centre in SA | Resort Brokers ID : FH007077
Business For Sale - The Perfect Beachside Location - ID 9042 BL
Business For Sale - Rare Opportunity in Prime Location - ID 9043 BL
UNIQUE MANAGEMENT RIGHTS IN HERVEY BAY WITH SOLID ROI | Resort Brokers ID : MR007060