Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 67, No. 3, May/June

Best of Times for Change Makers
VIEWPOINT These are the best of times-for those who are ready to change. Despite the recent economic downturn, there are unlimited opportunities within the real estate industry to create wealth, cash flow and jobs through transitional events. However,...
Caution: Double-Dip Recession Ahead?
Certain economic conditions suggest the current recovery may be short-lived, and that a more serious "double-dip" recession could lie ahead. Property and asset managers must be able to interpret the economic climate in real time in order to identify...
Creating Meaningful Corporate Philosophy
NEW YOU Too many of today's companies develop fashionable philosophies that are a poor fit for their employees. Often mission, vision and value statements are ambiguous. Imagine you are a new employee, and the organization you work for tells you to believe...
Defeasance Unlocks Equity Value
Thanks to hard lessons learned from the last surge in real estate development and subsequent downturn, most real estate markets today are not overbuilt with new projects waiting to be filled with tenants. While rental rates have softened in many markets,...
E-Mail: A Direct Connect to IREM
Whether it's listing your properties on the Internet or utilizing software that allows you to directly access information about your facility, the Web has changed, and improved, the way real estate works. The Institute of Real Estate Management is no...
Entrepreneurs Make a Difference
INTERVIEW The real estate industry has often been characterized as being entrepreneurial in nature. Yet, what does this mean, and what does it take to become a "real" entrepreneur? To find out, JPM talked to one of real estates most successful entrepreneurs:...
E-Tools Key to Energy Management
Faster approvals on projects that reduce operating expenses are in everyone's best interest. Managers get faster feedback from owners, owners and tenants enjoy savings sooner, and vendors see shorter sales cycles. Of course, owners can't approve a proposed...
Industrial-Strength Retrofits
As the saying goes, "When life hands you lemons, make lemonade." Across the United States, many real estate markets are responding to weaker industrial conditions by recycling and retrofitting vacant properties to meet the changing needs of today's industrial...
Mix 'N' Match
For many, the ultimate convenience is being able to catch an early workout, indulge in a morning Starbucks ritual and pick up the dry cleaning, all without leaving home. After years of struggling with traffic, pollution and long commutes, Americans have...
Passport to Opportunity
U.S. real estate firms test international waters Multi-national clients are are driving the growth of United States-based real estate companies into international markets. On the property management side, corporations operating facilities worldwide require...
Pet Policy Aims to Help Owners and Managers
In the wake of the California's killer dog trial, in which lawyer Marjorie Knoller was found guilty of second-degree murder and both she and her husband Robert Noel were found guilty of manslaughter for their dogs' fatal mauling of a neighbor, property...
Power Surge
Fueling your bottom line with energy efficiencies Nearly 90 percent of the estimated five million commercial buildings in the United States are more than 15 years old. Consequently, during construction of these buildings, builders could not take advantage...
Preparing for Tomorrow
As the saying goes, "Make hay while the sun is shining." It is safe to assume the recession of 2001 is behind us, and the economy is now in a growth phase. This phase is somewhat tentative and may be sluggish with the second shoe yet to drop. But the...
President's Letter-Going Global: IREM(trademark) Pursues International Growth
It's no secret that real estate is a cyclical industry, which has evolved from a local business to a global one. In today's market, investments are increasingly diversifying, and capital is seeking superior returns on a global basis. Indeed, a full 20...
Real Estate Recruits
The military enlists private sector property managers Opportunities afforded the real estate industry through the military's public private ventures (PPV) can be enticing, but if you're interested in enlisting, be forewarned: You'll need to make it through...
Sun Block: Window Film Lets in Daylight
Solar heat gain through east, south and west facing windows is a serious problem for buildings in Sun Belt climates and even in cities such as Seattle, Chicago and Boston. Computers, lighting and people are already generating heat. Large expanses of...
Team Building across Time Zones
In 2001, 568 students in 10 different countries attended 69 IREM International courses. Clearly, these numbers indicate the growing global reach of IREM. The long-term goal of IREM's International Program is to establish IREM as an accessible, inclusive...
The ABCs of AEDs
Equipping your facility with an AED can mean the difference between life and death. According to a recent report from the Centers for Disease Control, between 400,000 and 460,000 people in the United States die annually from sudden cardiac arrest (SCA)....
The Big Squeeze
Incentive-based compensation benefits both owners and property management companies Our economic picture is looking rosier again. However, the pressures that drove down property management fees in recent years continue to have their effect on the real...
The Selling Power of Curb Appeal
As the saying goes, "You never get a second chance to make a first impression." Whether it's an icy parking lot or gum on a shoe, never underestimate the impression exterior services makes on the patronage of your retail center. While brand recognition...
Your Web Site in Your Wallet
TECHNOLOGY Compact disc business cards are fast becoming one of today's most widely heraided marketing tools. Today's companies are using CD business cards, CD-R business cards and shaped CDs to create multimedia presentations that promote their services....