Wyse Property Management Ireland
Wyse Property Management Ireland – Joe Wyse: Modestly born in a Rathgar basement in Dublin, the former bank manager grew Wyse Property Management into Ireland’s largest residential property management company
It might be an exaggeration to say that Joe Wyse, who died at the age of 74, created a new industry in Ireland, but the claim still contains a large element of truth.
Wyse Property Management Ireland
From modest beginnings in a basement in Rathgar in Dublin in 1980, the former bank manager has grown Wyse Property Management (WPM) to easily become the largest residential property management company in Ireland with a straightforward and hands-on approach that has seen the success achieved through attention to detail.
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After leaving school at Gormanston College in 1959, Wyse joined the National Bank, serving in various locations including Abbeyfeale, Killarney and Dublin and eventually, in the late 1970s, becoming assistant manager in Bray, Australia. Wicklow County.
He was born to Listowel, the eldest son of Jim, also a bank manager, and of Kitty (née Doyle).
It was while stationed in Bray that Joe, then still a bachelor, was informed by his friend and colleague Nuala McNamara that it was the company’s policy not to promote unmarried staff to managers. This gave him the push he needed to get out on his own.
Having noticed the difficulties his clients often had with real estate investing and having experienced them himself as a homeowner in a Ballsbridge condominium, Wyse believed he saw a gap in the market for a company specializing in managing such properties. The time was right for such an undertaking. Section 23 of the 1981 Finance Act introduced significant tax breaks for residential property investors, which led to a massive increase in condominiums.
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Another breakthrough for WPM came in 1983, when Peter Cosgrave of builders Cosgrave Brothers asked Wyse to set up a company to manage Belville, a new apartment complex in Donnybrook in Dublin. Joe Cosgrave states: “Joe did so well that the model was copied by almost every management company.”
The company has grown very quickly and today employs more than 70 people. She managed, remarkably, to retain all of her employees during the 2008 property collapse.
Wyse was also innovative in establishing a computer business with software specifically designed for the Irish apartment market by technical director George Murphy and in creating new types of leases.
Joe Cosgrave believes that part of Wyse’s success is due to having “a great way about him … he was a bit of a psychologist, a problem solver rather than a problem creator”.
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Outside of business, Wyse collected antique locks and helped found the European Association of Antique Lock Collectors, hosting its annual conference in Dublin.
Passionate about golf, he has been a member at various times of the clubs of Lahinch, Edmondstown and Royal Dublin. Also a member of the Aer Lingus choir in his early days, he had a wonderful bass voice, which he used to great effect in his singing of
He was active in the Gormanston Past Pupils Union, being a member of the committee until the time of his death.
Joe Wyse eventually married, at the age of 48, Josephine O’Keeffe, who had founded and managed one of the first Irish restaurants in Paris in the 1980s before returning to Dublin.
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Josephine survives him, with their children James and Tim. His six brothers, Michael, Anne, James, Barry, Fiona and Peter also survive.
€ 42 per month? You could spend more on a dinner on the town ‘: Young adults disappointed with the budget The letting agent who stole nearly € 70,000 in tenant deposits is suspended The court heard that Richard Power (35) was paying deposits into his account for finance gambling
Richard Power (35), of Tudor Lawns, Foxrock, Dublin, left the Dublin Circuit Criminal Court on Monday after receiving a suspended sentence. Director of photography: Collins Courts
A letting agent who stole nearly € 70,000 in tenant deposits from his employer over a two-year period to finance his gambling addiction received a suspended sentence.
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Richard Power (35) regularly logged into his employer’s letting agent’s system and changed the bank account details of tenants who had made deposits at the start of the lease and were due a refund, the Circuit Criminal Court heard of Dublin.
Power changed the tenant’s bank details to their personal bank details to receive the refunded deposit, Garda Dabhach Dineen told Diana Stuart BL, accusing. He then reactivated the account details before anyone noticed.
The defendant, domiciled in Tudor Lawns, Foxrock, Dublin, pleaded guilty to stealing from his employer, Wyse Property Management Ltd, between June 2018 and June 2020. The amount stolen was € 69,530. . the court heard. He has no previous convictions.
Delivering the ruling on Monday, Judge Elma Sheahan noted that Power has now repaid all but approximately € 7,500 stolen funds through a combination of her savings and her parents’ money.
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The judge said that the fact that he suffered from a gambling addiction does not justify the offense, but puts it in context. He said he had no doubts that he had learned a valuable lesson and paid a price for what he did.
Judge Sheahan sentenced Power to three years in prison, but suspended the sentence in its entirety under strict conditions, including repayment of the amount due within six months.
In an earlier sentencing hearing, Garda Dineen said Power had been employed as the company’s lease manager for four years. Her duties included viewing and inspecting properties, entering into leases, and making contact with tenants. She had 75 to 80 properties in her portfolio.
In May 2020, her supervisor learned of tenants who were waiting for the deposit to be repaid and who had not been able to contact Power. When the supervisor found that there was no deposit held for the tenants, an audit was ordered for all of Power’s properties.
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Numerous anomalies were discovered and Power was summoned for a meeting. She admitted that she manipulated accounts and stole money from the company to finance a gambling addiction. She said she was being counseled for this addiction.
Soon after, Power repaid her employer € 10,000, the court heard. He is currently unemployed, lives on his parents’ property and is on unemployment pension from the pandemic.
Defense Dean Kelly SC said Power cooperated fully with gardaí when they interviewed him about the theft. He told them, “I just want to tell the truth.”
Mr. Kelly said Power was “constantly” playing with her friends, as is often common among young people in their twenties and thirties.
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“No sports were watched, no company was kept without gambling,” Kelly said. The power also accumulated debt by playing cards, the court heard.
Her client has suffered from mental health problems and is continuing her rehabilitation journey. She is unlikely to relapse, the court heard.
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€ 42 per month? You could spend more on a dinner on the town ‘: Budget Disappointed Young Adults Together you raised an incredible € 240 for children living in deprived areas. Your support will help children across Ireland out of poverty and provide them with a better future.
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Funds a school completion program for 5 children for one school term who would otherwise be at immediate risk of dropping out of school.
It covers the cost of accessing 2 children to a comfortable and safe space for six months with a hot meal and the opportunity to complete homework with extra supports.
Funds a program for 1 teenage parent living at a severe disadvantage, helping them achieve their baccalaureate, access employment opportunities, and provide positive life experiences for them and their children.
If you want to learn more about young people, media check out our three part docuseries A Stitch in Time which saw Other Voices musician and presenter MayKay travel around Ireland to talk to young people about their experiences over the past two. years.
Letting Agent Stole €70,000 Of Tenant Deposits To Fund Gambling Addiction
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