Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 73, No. 3, May/June

50 Years of IREM Income/Expense Analysis
HOW MEMBERS HAVE HELPED THIS PROGRAM EVOLVE"Knowledge is power"-FRANCIS BACON, ENGLISH PHILOSOPHERThis quote marked the introduction to the 1971 edition of what was then called the IREM Experience Exchange. And while it's now called the Income/ Expense...
75th Anniversary Special Section
THE FOLLOWING IREM MEMBERS WERE THE FIRST 10 TO COMPLETE THE QUIZ IN THE JAN/FEB ISSUE!Sue Brust, CPM®Omaha, NebraskaRebekah Coblentz, CPMAtlanta, GeorgiaRobert Hendricks, CPMLemoyne, PennsylvaniaThomas F. Johnson, CPMWinston-Salem, North CarolinaLynn...
AMO® Spotlight
To earn the Accredited Management Organization (AMOj designation from IREM, a company must demonstrate a high level of performance, experience and financial stability, and have a CPM® in an executive position. AMO firms must meet high ethical standards...
Congress Considers Changes in Capital Gains and Depreciation Recapture
Under current law, capital gains are taxed at a maximum rate of 15 percent. This rate is temporary and will revert to 20 percent as of January 1, 2011. When capital gains tax rates were reduced to 15 percent from 20 percent in 2003, the depreciation...
Do Automatic Elevators Do a High Traffic Job?
There recently has been much controversy about the question of operatorless elevators. The elevators and some managers point to savings resulting from the use of such elevators, and cite the wide public acceptance in many buildings where a light traffic...
Events
MAYMAY 17GALA CELEBRATION of THE NEW ENGLAND REGION'S 70th ANNIVERSARY and the INSTITUTE'S 75th ANNIVERSARYBoston Chapter No. 4, Rhode Island Chapter No. 88 and Connecticut Chapter No. 51 were at one time all part of IREM New England Chapter No. 4, which...
Fear No Change
Organizational Strategies Help Real Estate Companies Capitalize on Change and InnovationFor real estate companies, the rapid pace of technological innovation has created a business environment that is seemingly in a state of perpetual change.At the same...
IREM and NAAEI Develop New Fair Housing Course
The Fair Housing Act of 1968 marks its 40th anniversary this April. The act, barring discrimination practices in housing, plays an important role in the residential management industry. Providing substantive training on the application of fair housing...
IREM International Program Highlights Events and Agreements
IREM's commitment to global outreach continued at a steady pace through the first quarter of 2008 - demonstrated through increased membership, broader member services, expansion into new markets and active volunteer leaders from around the world.At the...
Know Your IREM Code of Professional Ethics
Article 2: ConfidentialityA member shall not disclose to a third party any confidential or proprietary information which would be injurious or damaging to a client concerning the client's business or personal affairs without the client's prior written...
Learn to Earn
Continuing education helps property managers garner respect and moneySince achieving my CPM designation 20 years ago, I have continued my education in a number of areas. This continuing education has had a tremendous effect on my career. It has helped...
Making Green Great
Famous PropertiesEcological harmony at Aldo Leopold Legacy Center earns high marksNo one knows for certain if renowned conservationist Aldo Leopold knew the potential ecological harmony imminent in the dilapidated farmland he stumbled upon in Baraboo,...
Managing a Mobile Home Park
In order to understand the policies that are developed in the management of mobile home parks, one needs to know: (1) what is the mobile home market; (2) what is offered in mobile home living; (3) who buys mobile homes; and (4) how are they purchased?As...
Marketing Magic
Marketing MagicNew IREM publication offers fresh take on how to lease and sell residential propertiesThere is an art and definitely a science in getting your vacancies filled. Now, as the book Marketing Residential Properties: The Science and the Magic...
Market Solutions
A safe and steady boilA new suite of software is available now to help manage boiler safety inspections. Through a back-end database, Versentia synchronizes with Versentia Mobile(TM) on Tablet PCs to support inspectors in the field. Versentia increases...
Never Too Late
New IREM Members come from all walks of lifeI recently submitted my ARM application for certification after taking the plunge into "reinventing" myself in the fall of 2007. I started out slowly, not knowing how I'd hold up under the pressure of taking...
Next Level Learning
Technology can benefit all by building valueTalent. Experience. Relationships. Skills. These are the ingrethents to success for today's standout real estate professionals. Can these elements translate to your company's successful bottom line? Absolutely!While...
North and Upper Midwest States Eye Upswing in Development
Population growth creates new building opportunities in Mountain Time ZoneThe population in the states of Montana, Idaho and North and South Dakota swelled more than 20 percent between 1990 and 2000, according to the U.S. Census Bureau. This is double...
PDA Appeal
IREM Members reveal how handheld devices make organization and communication a snapWHEN KEVIN GRAIL, CPM®, WAKES UP EACH the first thing he does is check his personal digital assistant, more commonly referred to as a PDA. "I look at the calendar and...
Platform Reform
CPM® Member shows how real estate firms can adopt single software solutionsTechnology continues to change rapidly, and integrating new technologies seamlessly into any business has become more and more challenging. Today, our 37-year-old, family-owned...
RVP Corner: PDAs in Real Estate Management
In RVP Corner, JPM shares the thoughts and opinions of an IREM Regional Vice President on a single topic covered in the current issue.IREM Region 8 Vice President Donald Wilkerson, CPM®, discusses the impact of PDAs on the real estate management industry....
Sign of the Times
When done properly, electronic signatures are bindingElectronic signatures are the latest stride in the march of technology to expedite document execution and enforceability of the deal. It was not that long ago that we used typewriters and carbon paper,...
Technology in Touch
As I take a brief respite from travel this year - having visited many of you at your local chapters, as well as those of you far away within our international chapters and partnerships - I realize how much business has changed for us with just a few...
The Big Picture
TECHNOLOGY: WHAT'S AHEAD FOR REAL ESTATE?RECENTLY, THE EDITORS OF JPMASKED ME TO COMMENT ON WHAT ADVANCES IN REAL ESTATE TECHNOLOGY THE MARKET SHOULD ANTICIPATE OVER FIVE YEARS. This is a difficult question to answer with any degree of certainty, but...