Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 70, No. 1, January/February

And the WINNER Is
Thanks to those Journal readers who cast their ballots in 21 categories for the 2004 Readers' Choice Awards. The ballot was included in the Sept/Oct 2004 issue and was posted on www.irem.org for eight weeks. The Journal of Property Management is pleased...
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Awards
* Boston Metropolitan Chapter No. 4 recently awarded a number of annual honors:* Certified Property Manager of the Year-Carol A. MacDonald, CPM, vice president at Corcoran Management Company, AMO, who has been involved with the Institute for more than...
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Choice or Chance?
Should we leave the destiny of our profession and the Institute to choice or chance?Should we wait to be discovered as other professions strengthen themselves by competing against us for the best upand-coming students to join their ranks?Should we get...
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Condo Management, Italian-Style
Absence of both regulations and association involvement mean scarce direction for condo managersItaly leads the world in the number of condominiums in private buildings yet, incredible as it may seem in a country full of rules and bureaucracy, there...
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Education Conference Wrap-Up
New Officers Installed in NashvillePresidentAnthony W. (Tony) Smith, CPM, was elected president of the Institute at the recent Education Conference in Nashville. Smith had been serving as the Institute's president since March, and his new term will last...
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Esprit De Corps
IREM's new EVP/CEO shares his thoughts about leadership and vision for the futureThe Institute welcomed Russell C. (Russ) Salzman as its new executive vice president and chief executive officer last fall. He recently spoke with the Journal about his...
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Front-Load the Back Office
A host of digital solutions help managers reduce costs, analyze spending and limit paperworkTypically most real estate companies do not realize where their money is being spent. At a high level they understand the impact of real estate insurance, taxes...
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Golden Years
Chapter SpotlightRobust education and scholarship programs highlight this chapter's half-century achievementsHouston Chapter No. 28 turns 50 this year, but from the youthful exuberance stemming from its chapter leaders and the continually growing member...
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Industry Power Panel
Read what commercial real estate leaders and insiders told the Institute's president about the economic and property management outlook for 2005 in a wide-ranging roundtable discussionTony Smith, CPM: We've referred to this group as an industry "Power...
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In or Out?
Catch the latest buzz about outsourcing and offshoring and their influence on office vacancy rates by William and Patti FeldmanSome industry experts are projecting sizeable office vacancies due to offshoring of American jobs to India, Russia, China,...
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In Vogue
Famous PropertiesState-of-the-art green facilities, an eatery designed by Frank Gehry and digital signage dress this stylish skyscraperLocated at the "Crossroads of the World," 4 Times Square is Manhattan's first green office tower and home to media...
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IREM's Leaders of Tomorrow
All in the FamilyDena Langner's father helped ignite her excitement about property management; she's kept the flame alive with a meteoric rise to her chapter's leadershipWhen Dena Laiigner, CPM, was younger, she would have bet on the fact she'd become...
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Landing the Deals
* Keystone Pacific Property Management, Inc., AMO, announced the opening of its Temecula, Calif., office. Currently, Keystone manages more than 36,000 units.* The Newport Beach, Calif., office of Charles Dunn Company, AMO, recently sold Presidio Plaza,...
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Marching ORDERS
Practice the maneuvers to carve a niche in the booming military housing marketTHE INITIATIVE HEARD 'ROUND THE COUNTRYEight years ago, an act of Congress transformed the look of today's military housing. Motivated by the shortage and poor condition of...
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Market Solutions: Focus: Interiors
Carpet BaggerMohawk Commercial's Atalaya line of woven carpet features a cut/loop construction and is crafted with the brand's exclusive Colorstrand Infinity SD solution-dyed nylon, a premium woven performance fiber made of 50-percent recycled content....
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Pay Now, Pay Later?
New deferred compensation legislation poses significant risks and penaltiesThe American Jobs Creation Act of 2004 contains provisions that drastically change the design and operation of all nonqualified deferred compensation plans and will have an immediate,...
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Set Up to Win
Learning to manage "poor performers" saves time and money in the long runMuch has been hypothesized about why relationships between managers and their direct reports break down. In a survey by management consulting firm Pinnacle Performance, recently...
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Speedier Recovery
The American Jobs Creation Act brings new depreciation, deduction and exclusion rulesThe American Jobs Creation Act of 2004 is the most significant overhaul of corporate and international taxation since the Tax Reform Act of 1986. The legislation contains...
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Strive for the Top
Industry experts detail the top qualities of effective property management leaders by Bridget McCreaChuck Lowen's, CPM, early experiences as a leader were a baptism by fire. Fresh out of the Air Force, he took a job as property manager for Denver-based...
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Wild, Wild West
A continued Vegas boon highlights the Western real estate markets; Utah and California keep paceNevada: Roll the DiceIt's a safe bet to assume gangster Bugsy Siegel would be very pleased if he saw the current growth on the stretch of desert he settled...
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