Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 62, No. 3, May/June

Again, Real Estate Faces Unfavorable Tax Treatment
Having spent a decade struggling to overcome the penalizing effects of the 1986 Tax Act, the investment real estate industry may once again become the target of Washington's tax-cut balancing act. Although discussions are still in an early stage, members...
Employee Retention in the '90S: Keeping the Best
Get over the warm body mentality - good, long term employees are you most valuable asset. If there is one absolute in real estate management, it is that a management company is only as good as its employees. But what does it take today in an era of layoffs...
Get Smart
When the banking industry first introduced automatic teller machines years ago, plenty of nay-sayers claimed it would never replace the old system of face-to-face contact with human beings. Today it's hard to imagine conducting any personal banking without...
Get the Message
E-mail is great, but it can be too public, too dangeroous. Here's how to put the lid on problematic office e-mail. Take a gander around your office. Do you know what your e-mail enabled Susan in accounting is sending a message to her sisterin-law in...
Healthy Returns Help Real Estate Earn Its Place
Investors in 1997 are looking for competitive riskadjusted returns from real estate, not just diversification and inflation hedging. After poor performance earlier in the decade, directly owned real estate is now providing very attractive returns with...
Lease Renewal Strategies in a Rising Market
After years of stagnant sales and leasing, the fog has finally lifted on the real estate industry Market conditions across much of the country have improved significantly and rental rates in many submarkets have doubled from levels of five years ago....
Out of Many, How Few?
In 1996, more than 10,000 mergers occurred in the United States, involving over $660 billion. That was $140 billion more than the year before-which set a record-and double the activity in 1989, the culminating year of junk-bond issues. In short, we are...
Reading the Signs: Jobs and Skills for 2000 and Beyond
Where the jobs are for real estate and what new skill sets are required to get them. Meet John Q. Smith, CPM. Smith managed commercial space in Dayton, Ohio for 20 years before he was laid off in 1992. Despite a good track record, Smith was a victim...
Securing Lots & Garages
People are robbed, assaulted, even murdered in parking lots and garages. Cars are stolen, vandalized, or looted. Motor vehicle-related incidents of all sorts can also occur-e.g., hit-and-run accidents, driving under the influence of alcohol or drugs...
Securitization Reshapes Real Estate
Although securitized real estate still accounts for less than 10 percent of all investment-grade real estate, the impact of real estate investment trusts (REITs), commercial-mortgage backed securities (CMBSs), and publicly traded operating companies...
Team Cleaning Mops Up
Once upon a time, zone cleaning was the industry standard. Not anymore. Now the concept of team cleaning is winning wide favor among property maintenance managers. In a survey of more than 800 office buildings managers conducted by BOMA International,...
Using Business Value to Achieve Tax Reductions
In terms of determining an ad valorem tax value for commercial real estate properties, it is clear that more must be considered than the typical matters of acquisition costs, comparable sales, and a capitalized income stream. The reason is that in many...
Wanted: Hired Guns-(AKA) Freelancers or Consultants
Be on the lookout for these highly skilled temporary workers temporary workers Call them consultants, advisors, interim, or freelance managers. They are "on assignment," or "on contract." Whatever label you choose, they are one of the fastest growing...