Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 67, No. 5, September/October

An Industry Recovers
One year after September 11, the real estate industry focuses on workplace security One year after the tragic attacks of September 11, much of the American real estate community has attempted to return to business as usual. Yet, it is clear the events...
A Real Steal
higher ground Have you violated ethical guidelines to land clients? Article 7 of the Code of Professional Ethics of the CERTIFIED PROPERTY MANAGER(R) states: "A CPM(R) shall at all times exercise loyalty to the interests of the employer or firm with...
Breaking with the Past
To understand Poland's property management industry, one must consider how the profession functioned during the country's Socialist period between 1945-1989. During this time, the state was essentially the property manager. Owners could not make any...
Call for Service
Careful selection of service contractors adds to the bottom line When it comes to selecting service contractors, not just anyone will do. Contractors can either help or hinder property managers. The right service contractor will ultimately require less...
Done Deal
legalease Facilitating employee compensation with term sheets In counseling clients through the negotiation of a business deal, responsible lawyers recommend clients begin with a "term sheet." The use of a term sheet enables the property management company...
Education Forum Focuses on Industry Challenges, Insights
Compensation trends, learning contracts, knowledge management, career paths, online education and training are key concerns of today's top real estate companies. Representatives from two dozen of the country's top real estate firms gathered at the Institute...
Family Ties
spotlight Keep it in the family, right? While it's not uncommon for a son to take over his father's hardware store or medical practice, some real estate professionals are discovering the best place to find company successors is their own gene pool. While...
Fast Facts
The average person living in North America opens the fridge an estimated 22 times daily. The world's tallest building, which measures 1,483 feet, is the Petronas Tower in Kuala Lumpur. In 1769, British designer Edward Beran enclosed wooden slats in a...
Frisco Blues
The San Francisco real estate market has seen better days While no sector of real estate has remained unscathed by the current economic climate, San Francisco serves as a model of what the bottom of the market looks like. The dot com bust left the once...
From the Top: Leadership.What Our Business World Needs Now
What is going on out there? One after another, our business icons are falling off their pedestals, taking their companies and our money with them. Ethics and the leadership to enforce them are being recognized as the essential business element-without...
Growing Pains
speakeasy Goal-setting leads to professional success It took me seven separate positions and fourteen years to become the company president of the property management division of a non-profit organization. In 1990, I established my own property management...
How Suite It Is
The corporate housing market proves to be a boon for several companies Innovative companies are meeting the needs of relocated employees or those on temporary assignments. Companies like Oakwood Worldwide, the world's largest corporate housing provider,...
Human Touch
A delicate balance exists between human and high-tech communication Technology is being developed and implemented at a furious rate. The process becomes even more confusing and overwhelming if one fails to understand how new technologies will fit into...
I before E
spotlight Investment costs must be tied to education programs to be effective Do you ever spend money on something because you thought it was going to be extremely beneficial only to be disappointed? How many people have bought a piece of exercise equipment...
Leader of the Pack
Strategic leadership programs develop talent and maximize company growth The recent Enron and WorldCom scandals have demonstrated the need for businesses to rethink and redefine the role of leadership in their organizations. In the past, leadership has...
Market Mistrust Leads Investors to Real Estate
knowitall While the current real estate investment environment is anything but dear sailing, new independent research conducted by Real Estate Research Corporation (RERC) indicates investors find real estate appealing due to falling stock prices and...
Market Solutions: Focus: Plumbing
Rub-A-Dub-Dub The Natural Gloss Bath Alcove from Swan is a three-panel wall system made of compression-molded composite material and designed for use with the company's Natural Gloss bathtub. The product is available in three molded-in solid colors and...
Mockingbird Station: Right on Track
Connecting the present to the past, Mockingbird Station, a mixed-use first-- of-its kind project in Dallas offers loft living, office space, dining and retail establishments and a DART station located right next door. The 10-acre property designed by...
Passing the Torch
Succession planning requires thoughtful planning and preparation Succession planning is a process by which an organization ensures the continuity of its' leadership into the future. It is a critical aspect of business strategy, requiring an organization's...
Soaking Up Savings
ductape The latest submetering technologies benefit owners and residents Faced with skyrocketing utility costs and pressure to conserve water, an increasing number of property owners and managers are turning to new submetering solutions. As residents'...
Tax Trade-Off
1040 Section 1031 offers a safe harbor in like-kind transactions Without a doubt, the single most efficient tool in the Internal Revenue Service Code for disposing of and acquiring property is the Section 1031 like-kind exchange. Section 1031 provides...
Web Sight
spotlight Designing a digital culture today requires visionary leadership Technologies in the market today have survived the dot com shake-out presumably because they work better, make systems more efficient, are easier to use and are more cost effective....
Women's Work
verbatim Opportunities and challenges Women are continuing to make major contributions in today's commercial real estate industry. They're brokering deals and leasing space, serving as consultants, property and institutional portfolio managers. The Journal...