Journal of Property Management

Magazine serving real estate managers.

Articles from Vol. 76, No. 4, July/August

Activity of IREM Ethics Boards at 2011 Leadership & Legislative Summit
The following took place at the IREM Leadership & Legislative Summit this past April.The Ethics Inquiry Board reviewed one new complaint which alleged the Respondent changed the terms of a note to give buyers of the partnership's property preferential...
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Art History
Coit Tower paints a pretty picture of San Francisco's historyA TRIP TO SAN FRANCISCO IS NOT COMPLETE WITHOUT A STOP AT COIT TOWER IN THE TELEGRAPH HILL NEIGHBORHOOD. Boasting 360-degree views of the entire city, the San Francisco Bay, the Golden Gate...
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Article 7: Conflict of Interest
Real estate managers must be diligent in acting in the best interest of clientsReal estate managers run into conflicts of interest with vendors, condo board members, employees and on occasion, management companies. The IREM Board of Ethical Inquiry receives...
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Being Tired: Productivity's #1 Enemy
Take the time to implement strategies for avoiding burnoutYOU MAY HAVE HEARD THE WITTICISM, "I CAN'T REMEMBER THE LAST TIME I WASN'T AT LEAST KIND OF TIRED." GOOGLING THE WORD "TIRED," I UNCOVERED A GREAT AMOUNT OF DIALOG ON VARIOUS SITES, INCLUDING...
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Diagnosing Concrete Cracks
Tell-tale signs your building is "cracking up"CONCRETE CRACKS ARE A FACT OF LIFE. WHILE SOME CRACKS MIGHT NOT NEED ATTENTION, OTHERS HAVE THE CAPABILITY OF CREATING SERIOUS STRUCTURAL^ADAMAGE-COMPROMISING THE SAFETY OF OCCUPANTS RESIDING IN THE BUILDINGS...
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Discerning the Desirable
FINDING THE RIGHT MULTIFAMILY RESIDENTS MEANS LOOKING BEYOND FICO SCORES AND FORECLOSUREHere we find ourselves slowly, sluggishly advancing toward economic recovery in the aftermath of a recession. Even with so many tenants' and prospective renters'...
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Dont Let the Bed Bugs Bite into Your Noi
OUTSMART THIS SMALL BUT POWERFUL ENEMY IN THE PROPERTIES YOU MANAGEBed bugS have made a COmeback since the early twentieth century, and as a real estate manager, you've probably come into contact withor at least heard stories of- the damage caused by...
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Don't Rest on "Best"
Success happens by choice, not by chanceON A LONG AIRLINE FLIGHT RECENTLY, I PONDERED WHAT SEPARATES THE BEST IN REAL ESTATE FROM THE REST. THE FOLLOWING ARE A FEW IDEAS THAT CAME TO MIND:Position for growth: Recently, a colleague expressed concern to...
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Duty to Report
Determine when and how to file an ethics complaintWHILE THIS ARTICLE ADDRESSES THE PROCESS OF HOW TO FILE AN ETHICS COMPLAINT, THE FIRST QUESTION TO ASK IS WHEN TO FILE AN ETHICS COMPLAINT. So, what do you do if you observe an ethically compromised situation...
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Family Values
IREM Regional Vice President Chip Watts, CCIM, CPM, gives his perspective on working with family, tornadoes and returning homeWatts Realty Company, AMO, is a fourth generation real estate management company. Are there any common themes your family has...
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Getting the Best Loan
Building relationship is key in today's marketIn the 20 years I have been a mortgage banker, I have never seen the lending environment quite like the one we have been in for the past several years, and chances are that capital will be scarce for several...
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Land of Proprietors
Latin America's resilience is attracting attention from investorsLATIN AMERICAS EXPANDING ECONOMY AND INCREASED CAPITAL FROM INTERNATIONAL INVESTORS HAS POSITIVELY AFFECTED THE REGION'S REAL ESTATE MARKET; still, a cloud of corruption, lack of transparency...
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Put Your Best Face Forward
3 tips to personalizing your business Facebook page1 OPOST COMPELLING CONTENTInteresting posts attract fans to your Facebook page. There are lots of places to find great content- for example, keep an eye on your local newspaper, websites or business...
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Rates of Return Refresher
MEASURING FINANCIAL PERFORMANCE BY CALCULATING RATES OF RETURN, AKIN TO KEEPING SCORE AT A SPORTS EVENT, IS ONE OF THE SKILLS REGULARLY USED BY REAL ESTATE MANAGERS. Keep it sharp so you can continue to meet or exceed financial goals and objectives set...
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Related Property Management, Amo
An exclusive interview with the president of a team of "impact players"Formed almost 40 years ago, Related Property Management, AMO, is a fully-integrated, highly diversified industry leader with experience in virtually every aspect of real estate development,...
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Screen Test
INTEGRATED SCREENING INCREASES COMPLIANCE AND STREAMLINES COSTS FOR MULTIFAMILY MANAGERSFifteen to 20 years ago, assessing the risk of admitting a prospective resident into a multifamily community was not a particularly streamlined or comprehensive process....
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State Legislative Forum Updates
Energy conservation, health care reform and state budget shortfall issues impact real estate managers in every stateDuring the 2011 Leadership and Legislative Summit in Washington, D.C., this past April, IREM Members had the opportunity to discuss energy...
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Staying Alive & in the Black
MINIMIZE LOSSES AFTER A TENANT ENTERS CHAPTER 11 BANKRUPTCYOver the past few years, thousands of companies have gone bankrupt, costing creditors billions of dollars. In many instances, rent represents the single largest recurring expense. Consequently,...
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The Art of Helping Others
IREM Foundation blends funding and fun while giving back to industryYear after year, volunteers pitch in and give selflessly to the IREM Foundation by donating their time, energy and skills, and serving on various committees and boards. We are grateful...
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The Power of Online Renewals
ONLINE RENEWALS ARE A CORNERSTONE OF YOUR RESIDENT RETENTION PROGRAMAs the retail adage goes, "the best customer is the one you already have." This sentiment holds true for multifamily as well: The best renter is the one you already have.Offering online...
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The Power of Possible
Sea and be seen at the Fall Leadership Conference in San DeigoDiscover the power of "possible" at the IREM Fall Leadership Conference- held October 11-15, 2011- by exploring a spectrum of knowledge offerings from the vantage point of sunny San Diego....
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Transformation Nation
IREM sets sites on Shanghai in the midst of its economic redevelopmentOn May 17, 2011, Ron Goss, CPM, IREM President and NancyeJ. Kirk, chief strategy officer/vice president of the global services institute of IREM, shared the inauguration of the IREM...
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True Grit
There are two types of "grit" in my life- "grits," the food and "grit," meaning fortitude. Both have more in common than you might expect in regards to IREM.What are grits? Quite simply, grits are crushed corn. Requiring only water and maybe a dollop...
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