Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 65, No. 3, May/June

Adapting Commercial Leases to a World of Change
You need only look around your office to see the many ways doing business has changed. Computerized technology now opens our office doors, allows us to send data across the country in minutes, and enables us to shop and pay our bills from a keyboard....
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Business Not as Usual
Just before the year 1999 came to close, an Austin-based company called SIteStuff.com announced it had received $5.5 million in first-round financing to create an e-marketplace for owners and operators of commercial real estate. Although SiteStuff is...
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Captial Market Now Values Management
After 20 years of extreme volatility, the real estate capital markets have at last become a positive force in stabilizing property markets. With signs in the new millennium pointing towards a continuing longer term balance in the markets, property and...
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Cashing in on 24-7 Operations
Remember when you went home at 5, 6, or even 7 p.m. and put the office behind you. As businesses of every type move to 24-7 operations, the days when the only night time occupants of offices were cleaners and brownnosers are a thing of the past. Not...
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Connectivity Case Studies: Technology in Real Time
As high-speed access and broader bandwidth become givens for business tenants of all sizes, the question is not if your buildings need telecom services, but what and how But the quest for bandwidth often runs head on into the physical and fiscal realities...
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Curing Those Staff Meeting Blues
Mention the term "staff meeting" and you'll hear reactions ranging from the occasional comments about it being a waste of time to the more prevalent complaints of frustration or disinterest. Staff meetings can and should be among the most satisfying,...
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Don't Overlook the Carpet under Foot
With companies cutting back on services, a regular carpet maintenance program may be considered expendable. However, the benefits of carpet maintenance are so significant that property managers cannot afford to skip this step. While this may seem like...
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Employment Practices Liability Insurance-Is It for You?
Nowadays an uncouth joke or a condescending gesture in the workplace can translate into a lawsuit. Discrimination and various harassment lawsuits are very real corporate risks, and companies need to know how to protect themselves should a situation arise....
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Exclusions Controversial
MALL VISITS DOWN Mall visits fell to 3.1 per month in 1999 from 3.7 per month in 1998, and the cause may be the Internet, says John McMahan, chairman of San Francisco's McMahan Group. Speaking before a trends conference in Chicago sponsored by Piper...
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How Much Is It Worth?
When you hear about the sale of a property management business, you hear something like "John sold his company for $100,000." This statement may seem straightforward, but many assumptions are necessary before any conclusions can be drawn. The actual...
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Interview: Alan Webber
THE CHANGING FACE OF WORK Alan Webber cofounded Fast Company, a business magazine that aims to be the handbook of the business revolution. Webber it responsible not only for driving managing and contributing to the content of the mag azine, but also...
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Legislative Update
COURT UPS LEAD PAINT ANTE In November 1999, a U.S. Federal District Court in New York ruled (Sweet v. Sheehan) that the LeadBased Paint Act required sellers, lessors, and their agents to begin making disclosures specified by the Act on October 28, 1995...
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Live Wires: High-Tech Apartment Amenities
In the past, swimming pools, exercise centers, and other amenities were used to help position a property against its competition. Now, high-end properties are using such technology-based amenities as high-speed Internet access and home theaters to provide...
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Meet Inspector Gadget
Welcome to the new millennium and a new generation of technology! The Information Age has us in its grasp, and we are all being swept quickly down the speeding current of change. A glance not too far into the future presents an entirely different process...
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Method Means Money
Make sure your recordkeeping is meticulous if you decide to withhold all or part of a security deposit to repair apartment damage left by a departing resident. Most states require you to send an itemization of the damage to the resident within 30 days...
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Profiting from E-Commerce
As retail marketing through the Internet expands, traditional retail showrooms will take on new roles in the collection of data for use in direct marketing efforts. How will successful property managers take advantage of total connectivity to assist...
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Security + Service = Satisfaction
When out shopping at malls and strip centers or driving around hotels and apartments, one may notice uniformed security personnel walking the premises or piloting a golf cart around the parking lot. Shoppers, hotel guests, and apartment dwellers come...
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The Adventures of Leasing Lynda: Episode 9 You've Got Mail
It's unfortunate that the more communication options we have available to us, the more difficulty we have in responding appropriately to every rental inquiry. This problem is particularly noticeable with inquiries that come over the new phone inquiry...
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The Great Business Myths That Dominate Our Lives
MYTHS-these unconscious or semi-conscious beliefs have a strong influence on how we orient our behavior and actions. There are business myths that have a profound impact on our decisions. The problem arises when some of these myths are believed to be...
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The Greatest Real Estate Movies of All Time
Everyone enjoys a night at the movies and most in the business enjoy talking about real estate. Have you ever thought about how closely the two subjects are connected? Once you think about it, you come to realize that almost every one of the best movies...
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The Path to Progress
As every real estate manager knows, the first step in developing a management plan and operating budget for a property is understanding the owner's strategic objectives. Without these fundamental guidelines to set a direction for activities, a manager...
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"What Do You Mean, I Can't Rent My Condo?"
Most people think if they own a condominium, they have the right to rent it. Recent years, however, have seen the rise of a new trend: amendments to the governing declaration of covenants, conditions, and restrictions (CC&Rs) that limit the right...
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