by Leisa Toomey, General Manager, Walter Iezzi Property Group
23rd 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.