Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 61, No. 5, September/October

Amber Waves of Gain
Rents don't cut it anymore. So how are apartment managers and owners responding? By doubling revenues. Not only is it possible for apartment owners and managers to double revenues without raising rents a penny or occupancies a single percentage point,...
Asphalt Care: Slipping through the Cracks?
When it comes to asphalt, it's easy to let proper maintenace slip through the cracks. Don't wait until you are besieged with potholes, oil stains, buckling, and that sinking, sub-base failure feeling to care for your asphalt. By then, repairs can be...
A Step toward Tax Equality for Commercial Managers
Ever since Congress passed the Tax Reform Act of 1986, real estate has been suffering from repressive tax treatment. While vigorous efforts by real estate groups such as IREM have achieved a greater balance in some areas, others-such as the write-off...
Bugs!
It's 2 a. m. You wander into the darkened kitchen for a glass of water. As you turn on the light, your sleepclouded eyes are met with dozens of shiny brown bodies scurrying for cover. Whether your problem is roaches, ants, or termites, pest control presents...
Exposing the Truth
You hang up the phone in a state of shock. Your office manager in Charlotte, North Carolina, has just informed you that your regional vice president and one of your best salesmen have both been arrested by the FBI and charged with defrauding your clients...
Feeding Your Company's Growth
If there is one constant in the world of property management, it is that almost every organization believes its way of doing business is the "right" way and the rest of the world is missing the boat. While pure arrogance is sometimes at the root of this...
Firing without Getting Burned
Terminating employees is one of the most difficult responsibilities a manager has. With each passing day, the job becomes trickier as our government and courts seem to impose ever greater requirements on the employer and grant more rights to the employee....
GIS Software
Is a computer-generated map worth a thousand reports? Definitely, say a growing number of real estate professionals who use Geographic Information Systems (GIS) computer software in their work. "People use GIS software to assemble and display on a computer...
GIS Software for Your PC
JPM reviewed the four GIS packages listed below for this article. The packages vary in price, maps and area data included, ability to manipulate data from other sources (e.g., combine, select, and edit data), and ability to customize the appearance of...
Hiring for Personality
Interviewing is 95 percent about personality and 5 percent about qualifications. To find out the personality of a candidate, some careful thought should be given to what questions you ask. The good of your company and the happiness of your current employees...
Lead Liability
LEAD LIABILITY by Jackson L. Anderson Jr., CPCU Many property owners and professional property managers are beginning to address lead-based paint hazards in their housing stock. With federal real estate notification and disclosure requirements taking...
On the Run: Learning outside the Classroom
Are you looking for knowledge in all the wrong places? As the country song says, if you are, you may not be finding what you need. It is the opinion of many educators and trainers that although formal classroom training has merit, it only accounts for...
Rainbow Retailing: Marketing to Ethnic Trade Areas
More than half of the U.S. population will fall into an ethnic population group by 2000. Already, 10.4 percent of the population is Hispanic, 12.1 percent is African-American, and 3.4 percent are Asian. More importantly, many of these groups have average...
The Aura of a Winner
In Japan, the average college graduate interviews for over 150 hours before being hired for an entry-level job. Seem like a waste of time? Not if you intend to keep that employee for life, as many Japanese corporations do. They make an investment in...
The Urge to Merge
It seems that every day you read about some new merger. Whether it is banking, airlines, or insurance, the urge to merge is everywhere. And the property management industry is no exception. Five of the top-ten-ranked third-party fee management companies-led...
Today's Successful Property Manager
In the winter of 1995, we mailed a national survey of property managers with the goal of identifying which factors, if any, were important to a successful property management career. The four areas considered were basic demographics and level of responsibility,...
Values Continue Recovery
NOT SO AFFORDABLE "Nearly half of all renter households cannot afford a two-bedroom apartment," says Robert J. Adams, president of the National Low Income Housing Coalition (NLIHC), which conducted a study of 404 metropolitan areas in all 50 states....
Windfall Deductions from Changing Depreciation
A recent IRS revenue procedure may create an opportunity for windfall tax deductions for real estate managers and owners who have not realized all the depreciation benefits allowed by the tax laws. As described briefly in the July/August 1996 issue of...