Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 75, No. 6, November/December

Americans with Disabilities Act
In July, the Department of Justice approved and published several changes as a final rule to Title III of the American with Disabilities Act. Numerous revised regulations are pertinent to the property management and commercial real estate industry, such...
Amo Spotlight
COMPANY HEADQUARTERS LOCATION Virginia Beach, Va.NUMBER OF EMPLOYEES 53DATE THE COMPANY BECAME AN AMO FIRM 1996COMPANY WEB SITE www.divaris.comSUSAN COLLINS1 CPM®, IS THE NATIONAL DIRECTOR OF PROPERTY SERVICES FOR DIVARIS AND HAS BEEN WITH THE FIRM SINCE...
Awards & Recognition
CB Richard Ellis Group Inc., AMO, recently received the first Global Excellence in Outsourcing Award in the commercial real estate services sector from Frost & Sullivan, a research and consulting firm. Frost & Sullivan conducted a global assessment...
Back to the Basics: WE KID YOU NOT: GOATS OFFER A GREENER-AND LEANER-WAY TO MANAGE YOUR LAND
If you're interested in greening your property, you might want to enlist the help of some goats. That's right, these floppy-eared animals with seemingly bottomless stomachs are becoming key players in sustainable land management.Goats' penchants for...
BENCH MARK TO FINANCIAL HEALTH: Establishing Accurate Baseline Metrics Is Key to Success
BENCHMARKING IS THE PROCESS OF TAKING AN HONEST ASSESSMENT OF YOUR BUILDINGS' STATUSES. IT PROVIDES MANAGERS WITH GREATER AWARENESS OF WHAT IS OCCURRING WITHIN A SYSTEM, AND IT ALLOWS THEM TO UNDERSTAND PERFORMANCE BETTER. AT THE MOST GENERAL LEVEL,...
FANTASTIC FOUR: Ignite Employee Motivation with a Quartet of Proven Principles
YOU WANT TO IMPROVE EMPLOYEE MOTIVATION, BUT THE QUESTION IS, "HOW?" Motivation is complex; don't look for a simple solution. It's a never-ending daily process that takes time, thought and attention to detail. Ultimately, to achieve a motivated workforce,...
Finders Keepers: Social Media Strategies Help Find Top Talent
More and more businesses are stepping into the social media arena to recruit viable candidates for positions at their companies- and having great success, according to social media gurus.A CareerBuilder survey of more than 2,500 employers, released in...
GREEN IS THE NEW BLACK: Sustainability Efforts Reduce Costs, Helping Retailers Stay Afloat
RECENT YEARS HAVE BEEN HARD ON RETAIL THE FINANCIAL CRISIS HAS MADE CONSUMERS WARY OF SPENDING, REDUCING RETAIL REVENUES WORLDWIDE. With retailers struggling for survival, retail property managers and owners are also facing a period of interrupted cash...
Irem International Members Discuss the Impact of Social Media in Their Business
It appears that every type of business has incorporated social media into its marketing plan. We asked international IREM Members to share ways they have used social media as a tool to market their business to clients, manage properties, attract potential...
MAKING HISTORY: The Atlanta Flatiron Building's Historic and Architectural Charms Have Helped Define the City's Urban Center
STANDING IN THE HEART OF DOWNTOWN ATLANTA, THE11 -STORY ATLANTA FLATIRON BUILDING HAS BEEN AN ANCHOR IN THE CITY'S URBAN CORRIDOR FOR OVER A CENTURY.Built in 1897, it was originally called the English-American Building. It was constructed five years...
Our Value Stays Strong
As the year-end fast approaches, I know many of us are looking forward to putting another challenging period behind us, with the hope that better times are around the corner.In order to provide our owners, residents and tenants with our best advice,...
Ready or Not: REAL ESTATE MANAGERS NEED TO PREPARE FOR FAS 13 AMENDMENTS
Companies leasing commercial real estate space will now have to list their leases as liabilities- outstanding debt owed to their lessors- affecting their cash flow, loan covenants and credit ratings, among other things.Real estate management companies...
SEESAWING "SEOUL": With a Sinking Population, Korea Teeters on Resilience despite Office Market Growth
WHILE THE SOUTH KOREA REAL ESTATE MARKET, PARTICULARLY IN SEOUL, HAS BEEN FAIRLY RESILIENT DURING THE GLOBAL ECONOMIC CRISIS, CONCERNS OVER A DECREASING AND AGING POPULATION SEEM TO BE TRIGGERING A SLIDE IN REAL ESTATE VALUES ACROSS THE BOARD, EXPERTS...
STEP IT UP! Review Leasing Plans to Reposition Vacancies
IT'S BEEN A CRAZY MONDAY. BUDGET DEADLINES LOOM, A MOUNTAIN OF REPORTS AWAITS YOUR ATTENTION, AND YOUR OWNER HAS JUST E-MAILED YOU TO REQUESTAN URGENT MEETING THIS AFTERNOON. It's all you can do just to stay afloat. On top of that, you just can't seem...
The Cycle of Giving
EARLY PHILANTHROPISTS LAID THE GROUNDWORK FOR A CULTURE OF GIVING IN THE UNITED STATES. One of the early proponents of modern philanthropy was Andrew Carnegie, a wealthy business entrepreneur. His philanthropy included starting agencies that would provide...
Tools for the Trade
The new iPhone and advancing technologies that connect to the iPhone can make users' jobs more fun and efficientCONNECT FOURApple's fourth generation phone has a bevy of new features that make it well worth the upgrade. The iPhone 4 offers a higher resolution...
TO SELL, OR NOT TO SELL: Property Managers Play Critical Role in Advising Owners
WITH MANY PROPERTY OWNERS IN POSSESSION OF UPSIDE-DOWN PROPERTIES OR STRUGGLING WITH CASHFLOW PROBLEMS DUE TO TENANTS UNABLE TO PAY CONSISTENTLY, YOU MAY BE FACED WITH A CLIENT (OWNER) WHO IS CONSIDERING SELLING ONE OR MORE PROPERTIES. WhUe the decision...
WALKING THE FINE LINE: Distinguishing between Tokens of Appreciation and Bribes
AS REAL ESTATE MANAGERS WE ARE REQUIRED TO MAKE MANY DECISIONS. CONTRACTING FOR SERVICES AND PRODUCTS INVOLVES OBTAINING BIDS FROM VARIOUS VENDORS IN ORDER TO DO WHAT IS BEST for our properties, their owners and tenants. Competition between vendors is...
Web/Software Integration
A CASE FOR LINKING YOUR WEB SITE TO YOUR PROPERTY MANAGEMENT SOFTWAREMany property management companies today face the daunting task of maintaining two or more databases (one for your property management software, one for your accounting software, one...