Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 63, No. 5, September/October

A New Fairness Comes to Taxation
Is there anyone who likes to pay taxes? Probably not. Yet, most companies and individuals acknowledge that taxes are the price we pay for the freedoms and opportunities we enjoy. Nevertheless, if we must pay taxes, we want them to be equitable. We will...
An Insider Look at Latin America
Between his constant trips to South America on behalf of clients for Chesterton Blumenauer Binswanger, International Executive Vice President Etienne Chovet shares his views on opportunities in this exciting region. From a global investor's perspective,...
Conduits Come out Blazing
Conduits are hot. It's hard to believe that five years ago, commercial mortgage-backed securities weren't much of a factor in real estate finance. But by 1996, conduits originated loans valued at more than $10 billion. Conduits have gained a fast foothold...
Consistency Is Key
Consistency, consistency, consistency. When it comes to avoiding fair housing complaints, most property management companies will tell you, "Being consistent is the only way to go!" The trouble is, most property managers can't tell you the best way to...
Construction Management
In today's commercial real estate market, owners and tenants are demanding the best and most diversified service from the companies that represent them. An outgrowth of this trend has been the increased need for construction management expertise at commercial...
Financing's Rising Tide
Without a question, funds are more plentiful now than at any time in modern memory. Mortgages provide an attractive investment and are benefitting from the spillover effect of a stock market flush with capital. Weaker overseas economies also are finding...
Giving More Effective Office Tours
Two figures stumble down a dim hallway. A navy-suited woman struggles to place a worn key into a lock and braces her shoulder against the unyielding, scratched wood. Finally the door slowly opens. Inside the cavernous, musty room, her companions exploring...
Good Riddance! Commercial Eviction Made Easy
Any commercial landlord or property manager who has ever had to evict a tenant for failing to pay rent knows an eviction can be not only frustratingly slow but also expensive. Mistakes in form or timing can drag things out even longer. But if a landlord...
Interview: Stan Ross
As mergers and new fears of overbuilding make real estate headlines, much of the industry is ignoring one of the most important future influences on real estate-immigration. JPM: EYKL's new report on immigration notes that approximately 1 million immigrants...
In the Right Light
Effective Lighting Improves Energy Efficiency and Productivity Using new technologies to create energy-efficient lighting systems can mean big savings for building owners, managers, and tenants. Those savings may be realized through lower building operating...
...It's Where the Money Is
Rates are low. Terms are favorable. And you don't have to be Willy Sutton. If you need to finance or refinance a property, do it sooner rather than later, say industry experts. The capital markets are flush with cash. Ample money is chasing available...
Making Water Submetering Easier to Swallow
Mater and sewer costs in many parts of the country are soaring as a result of water shortages and stricter government regulation. "Five years ago water was half its current price," states Jerry Baker of National Exemption Service (NES), a Florida-based...
Management with a Latin Accent
The phrase "South of the Border" holds an expanded meaning for American business interests as one industry after another has turned its attention to Latin America. Car manufacturers, utilities, consumer product companies, and accounting firms all have...
Pricing REITs: The Evidence from the Beacon Properties Purchase
Reprinted with permission from the CB Richard Ellis Market Watch, Spring 1998. Copyright Torto Wheaton Research. On Wall Street and Main Street, the magnitude of the share price premium that real estate investment trusts (REITs) carry in relation to...
Shark Attack
As resident manager of a 39-unit live/work building in Oakland, Calif., I thought I had seen and heard it all. However, in recent months, I have observed a new trend that is worth mentioning to every site manager you employ. My property is a fairly upscale...
Software 98
If you evaluate maintenance software solely on how well it tracks work orders or inventories faucets, you are missing the point, according to Andrew Marks, president and CEO of Invata International. "You can maintain something well and still not have...
The REIT Moves
For the past several years, RF,ITs have taken advantage of a recovering real estate market through a frenzy of aggressive acquisitions and consolidations, And Wall Street has stoked the fire with REIT share prices that reflected investors expectations...
The Spectrum of Submetering Systems
Submetering systems range from total capture, to part capture/ part allocation, to RUBS (Ratio Utility Billing System). With total capture, all the water going into a unit is metered. At the other end of the spectrum is RUBS, which isn't true submetering....
Walking a Fine Line with Families
"Do you rent to families with children?' "Certainly we rent to families with children. It's the law. Of course, we like our families to be fully informed about our community, so they can make the best decision about living here with their children."...